单词 | exchange rate |
例句 | She offered to buy it for four thousand North Korean won, which was worth about four dollars at black-market exchange rates. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z To keep the world’s economies and trade running smoothly, it oversaw international exchange rates and payment systems. The Woman All Spies Fear 2021-10-19T00:00:00Z That’s about two hundred thousand dollars, at the current exchange rate. Warcross 2017-09-12T00:00:00Z For one thing, the exchange rate was bad and the rooms—besides being paid in advance, and with my money—were already rather more than I could afford. The Secret History 1992-10-16T00:00:00Z The exchange rate is a farce, the price of carrots indefensible, duplicity lives everywhere. All the Light We Cannot See 2014-05-06T00:00:00Z Even if you’re not going to exchange cash when you arrive, stuff $100 or more in your wallet or bag as a safeguard, along with a note of the current exchange rate. Seeking the Elusive Fee-Free Exchange Rate 2015-04-21T04:00:00Z The favorable exchange rate against the U.S. dollar — $1 currently gets you $1.31 Canadian — is a strong argument for Canada in general. Best international destinations for the solo traveler 2016-10-18T04:00:00Z The year before, he had eaten lunch at Joël Robuchon’s Jamin in Paris, where the prix fixe was 185 francs at a time when the exchange rate was about 10 francs to a dollar. Drew Nieporent May Be the Last Old-School Restaurateur Standing 2017-09-12T04:00:00Z According to the government’s own Department for Digital, Culture, Media and Sport, the creative industry created around 92 billion pounds, or about $126 billion at current exchange rates, for the British economy in 2016. As Brexit Looms, Musicians Brace for the Worst 2018-08-03T04:00:00Z When these deals might surface is unknown but probably later this year, assuming exchange rates hold. How ‘Brexit’ Will Affect Travel to Europe 2016-06-24T04:00:00Z By contrast, the spot exchange rate, charged by most banks, was roughly $1.42, according to Bankrate.com, a financial research site. Practical Traveler: How to Avoid Credit Card Problems Abroad 2011-06-08T14:49:15Z An average dinner for two, without drinks or tip, is 165 Canadian dollars, or about $126 at current exchange rates. In Toronto, a Restaurant Puts Mexican Cuisine on a Wood Fire 2018-11-09T05:00:00Z Be wary of currency exchange places that say they don’t charge fees or advertise really good exchange rates. Five money saving tips for exchanging currency 2014-07-17T04:00:00Z Another benefit: credit cards often will offer exchange rates that are an average over the past month. Five money saving tips for exchanging currency 2014-07-17T04:00:00Z Higher programming costs, including CBS' pricey contract for NFL football on Thursday night, and unfavorable foreign exchange rates put a drag on profit. CBS' third-quarter profit boosted by billboard spinoff 2014-11-05T05:00:00Z The exchange rate was around $1.40 to the New Zealand dollar, but I did not receive as much as I expected. Discovering Auckland’s Charms (and Idioms) 2016-12-30T05:00:00Z He moved the shoot to Toronto to double for the more expensive New York – that way, he said, "you pick up 17% on the exchange rate". Sidney Lumet obituary 2011-04-10T16:59:14Z An earlier version of this article cited incorrectly the exchange rate between Turkish lira and the U.S. dollar. The Other Side of Istanbul 2018-09-18T04:00:00Z “Due to exchange rates, booking flights in some countries is far cheaper than others,” he said. How to score unbelievably cheap airline flights with mistake fares 2019-10-23T04:00:00Z This firm concluded that a 3:1 exchange rate was absolutely appropriate. How Loyalty Programs Will Work After Marriott-Starwood Deal 2016-10-12T04:00:00Z “The favorable exchange rate between the dollar and the pound make the city an affordable vacation choice,” she said. Paris, Chicago and Beyond: How to Have a Luxury Trip for Much Less Than You Think 2018-07-30T04:00:00Z “The exchange rate is not that bad,” she offered, brightening. In Seoul, the Art World Gets Back to Business 2020-04-27T04:00:00Z With the current exchange rate, the experience is not only exciting, but also often a bargain. Humble Magic in Georgian Capital’s Restaurant Renaissance 2017-02-16T05:00:00Z Hence, for example, “while examining a treatise on trade and exchange rates, one of them corrected the spelling and redid much of the arithmetic.” Book review: ‘Censors at Work: How States Shaped Literature,’ by Robert Darnton For shoppers, the pieces are just too good to pass up, especially with the favorable U.S. exchange rate. Colorful crafts, memorable encounters around Oaxaca in Mexico 2017-05-05T04:00:00Z Fluctuations in foreign exchange rates were the leading cause of headaches for luxury brands this year. Luxury Isn’t Having a Very Good Year 2016-10-20T04:00:00Z Europe by Water European cruises are growing, allowing cruisers to hopscotch the Continent with ease, while also helping Americans avoid high exchange rates by locking in fares in dollars. 2010-02-12T04:09:00Z The favorable exchange rate translates to extra discounts at chains such as Columbia Sportswear, J. Crew and Banana Republic. Seattleites: Save big bucks by flying overseas out of Vancouver, B.C. 2018-10-18T04:00:00Z Using an air purifier can boost that exchange rate up to six exchanges per hour — cleaning the air about every 10 minutes. Can an air purifier help protect you against the coronavirus? 2020-10-16T04:00:00Z With the current exchange rate of $1.25 U.S. to the pound, it’s a great deal, at about $87 a night for a flat with full kitchen, washing machine, etc. Now's a good time to book a trip to Europe, as airfares and exchange rates favor travelers 2016-11-07T05:00:00Z The foreign exchange rate, due to the stronger dollar, was a drag on earnings. Viacom to launch video streaming service for children, plans cost cuts 2015-01-29T05:00:00Z Indeed, the exchange rate might lure some visitors. Another Hit for Turkish Tourism? 2018-08-15T04:00:00Z It entails a fixed exchange rate and a single interest rate for its members, which means countries must forgo the option to devalue in times of economic weakness. On course to fail 2016-08-18T04:00:00Z Make the most of your time by taking advantage of the favorable exchange rate, and the shopping, dining and entertainment options along the SkyTrain’s Canada Line. Seattleites: Save big bucks by flying overseas out of Vancouver, B.C. 2018-10-18T04:00:00Z With the exchange rate and all the cash he saved by loading up with American milk and gas on the way home, shutting down the region is going to cost him about a buck-seventy-five. Zoo to elephant activists: You wanted them moved, right? 2014-11-22T05:00:00Z The official exchange rate was so ridiculously high that even fancy hotels were forced to work with the black market if they wanted to stay in business. Gustavo Dudamel, Gabriela Montero sound 2 different notes on Venezuela 2015-05-29T04:00:00Z Last month Hermès reported a 16 percent increase in second-quarter sales at constant exchange rates, marking an improvement from a 12.8 percent increase in the first quarter. Hermès Reports 14% Rise in First-Half Profit 2013-08-30T11:03:40Z At the heart of this consensus was the gold standard, the strongly held belief that it should be possible to exchange pounds, dollars, marks or francs for gold at a fixed exchange rate. What the 21st century can learn from the 1929 crash | Larry Elliott 2017-03-04T05:00:00Z Though you’ll still get your hotel room, you may lose some of those savings on exchange rate conversions or customer service failures should you need to make a change. Readers Respond to Hotel Saving Tips 2014-08-19T04:00:00Z The Tate eventually paid for investigative expenses and more than 5 million euros, about $6.5 million at current exchange rates, to the lawyer for information that led to the recovery of the paintings, in 2002. Kunsthal Rotterdam Defends Security After Theft of Art 2012-10-20T02:00:07Z Among the many modernizing reforms are better official exchange rates and the ability to book flights and apply for visas online. 52 Places to Go in 2019 2019-01-08T05:00:00Z Using foreign money wisely requires understanding the going exchange rate with the U. S. dollar and practicing the following strategies to avoid excessive fees. Foreign Exchange: Get the Best Rate 2023-09-20T04:00:00Z If only the favorable exchange rate applied to calories. Walk, hike and bike the civilized sights of Victoria 2015-04-16T04:00:00Z Using fraudulent contracts and invoices, Chavista mandarins and their business cronies gamed the chasm between the official and black-market bolívar-to-dollar exchange rates. The Disaster That Is Venezuela 2022-03-15T04:00:00Z Plus, the exchange rate means getting a 30% discount just for crossing the border. Want to get away from the crowds this Fourth of July? Consider a quick trip to Canada’s low-key Wells Gray Provincial Park. 2019-06-28T04:00:00Z At the current exchange rate, Canadian fall colours are only 76 percent as beautiful as U.S. fall colors. Style Invitational Week 1414: Divining comedy — the year in preview 2020-12-10T05:00:00Z It’s all pretty restrained; you don’t get the sense he has turned the restaurant into a warehouse for crafts he bought, drunk on the exchange rate, at the artisan’s market. Oaxaca on the Gowanus: The Charms and Chiles of Claro 2018-04-03T04:00:00Z Inbound tourism, already challenged by weak exchange rates against the dollar, is another question. Trump’s Travel Ban Draws Growing Opposition From Tourism Executives 2017-02-01T05:00:00Z Each company submitted their data independently for this company to look at to determine what would be a fair exchange rate. How Loyalty Programs Will Work After Marriott-Starwood Deal 2016-10-12T04:00:00Z From the outside, it looks like a small grocery, with a “Send Money” sign and the current Philippine peso exchange rate posted in the window. Sariling Atin in Elmhurst, Queens 2015-01-29T05:00:00Z Despite the fall in sterling’s value, the rand/pound exchange rate means that South African safaris, paid for in the local currency, continue to offer the continent’s best value. How to safari in South Africa on a budget 2016-11-05T04:00:00Z Hotel rates are a bit more difficult to predict, given the wide range of properties across Europe and the effect of the local economy and exchange rates on prices. | Practical Traveler: Strength of Dollar Lifts Interest in Travel to Europe 2010-04-13T20:34:00Z The night’s exchange rate was 1.33 pounds to the dollar — down 10 percent from 1.49 on Thursday, the day of the European Union referendum. Amid ‘Brexit’ Concerns, Sotheby’s Contemporary Sale Brings Shot of Oxygen 2016-06-28T04:00:00Z First, you should try very hard not to exchange money at airports, which tend to carry the worst exchange rates. Three Tips For Saving Money on Vacation 2014-06-10T04:00:00Z With his wife, Danny Groner, a marketing director in New York City, decided to go to Copenhagen and London rather than Panama this summer when they heard about the favorable exchange rate with the euro. How to Get the Most Bang for Your Buck 2022-06-14T04:00:00Z But when you check your bank statements, you see a “fee” for converting transactions to dollars, plus a poor exchange rate. Heads up: Defend yourself against 21st-century travel scams 2019-12-04T05:00:00Z Friedman also argued for the end to the military draft, for flexible currency exchange rates and for a negative income tax to combat poverty, which became the earned-income tax credit. ‘Chicagonomics’ and ‘Economics Rules’ 2015-11-17T05:00:00Z The stronger exchange rate takes some of the sting out of lodging rate increases. How to Get the Most Bang for Your Buck 2022-06-14T04:00:00Z “They saved money. The exchange rate was topping up their bidding.” London Art Auctions Feel a ‘Brexit’ Chill 2016-07-01T04:00:00Z Often, they will offer you a worse exchange rate to make up for the low fees or have caveats that they don’t advertise. Five money saving tips for exchanging currency 2014-07-17T04:00:00Z But “Slav Epic” is widely seen as Mucha’s masterpiece, and its insurance value is at least 10.8 million euros, or roughly $11 million at current exchange rates, the Czech news media reported in September. Czech Artist’s Grandson Sues to Block Loan of Works to Tokyo 2017-01-06T05:00:00Z Without the impact of foreign exchange rates, ad revenue would have been up 78%. Twitter Stock Plunges After Reporting Weak Earnings 2015-04-28T04:00:00Z The favorable exchange rate on the euro isn’t the only deal abroad. Today’s Travel News and Tips 2015-05-26T04:00:00Z Their cost comparisons were made in March 2010, using exchange rates from that period. The World's Most Expensive Cities For Expats 2010-06-29T14:30:00Z For example, in late May, the exchange rate when putting funds into a Travelex Chip and PIN card online was about $1.50 to the euro. Practical Traveler: How to Avoid Credit Card Problems Abroad 2011-06-08T14:49:15Z This involved a rise in the exchange rate that made life more difficult for exporters. What the 21st century can learn from the 1929 crash | Larry Elliott 2017-03-04T05:00:00Z But it may also be in part because of the exchange rate of the Canadian dollar since the fest pulls many fans from British Columbia. In an area bloated with festivals, Sasquatch! still stands out 2017-05-24T04:00:00Z It’s easy to get hit with extra fees and expensive exchange rates when switching currencies. Five money saving tips for exchanging currency 2014-07-17T04:00:00Z You likely get better exchange rates at an A.T.M. than you do at a currency-exchange window, or from your bank before you depart. How to Pack Your Wallet for a Trip to Europe 2019-10-22T04:00:00Z Through March 31, production had cost 676 million New Zealand dollars, or $561 million at current exchange rates, according to financial documents filed Friday in New Zealand, where the movies are being made. “Hobbit” Trilogy Costs $561m So Far 2013-10-04T13:44:42Z Favorable exchange rates may help travelers save money in Europe this summer. Travel Deals: Free Nights at InterContinental Hotels in Europe 2010-05-05T17:29:00Z While it does not cost anything to use the card, the exchange rates you’ll get when loading it with cash aren’t great. Practical Traveler: How to Avoid Credit Card Problems Abroad 2011-06-08T14:49:15Z Mexico and Canada have also recently offered favorable exchange rates, as have countries in Asia, including Thailand and Vietnam. 12 Ways to Save on Family Travel 2023-03-31T04:00:00Z From 150 euros, or about $175, based on current exchange rates. Hotel Review: Modern Luxury in the Vineyards of France 2018-11-03T04:00:00Z His escape from London freed him from negotiating exchange rates and his unhappy marriage. How T.S. Eliot Went From Neurotic Banker to Neurotic Worldwide Literary Hero 2018-11-09T05:00:00Z The euro exchange rate is also favorable for American travelers, at about $1.10 U.S. to the euro. Now's a good time to book a trip to Europe, as airfares and exchange rates favor travelers 2016-11-07T05:00:00Z This attractive city continues to draw food lovers, design buffs and party people with its riotous night life, fashion-forward styling and a favorable exchange rate. 2010-01-29T05:21:00Z The price comparison to Sydney is a bit disingenuous because that meal was priced in Aussie dollars and the lower US dollar price represents a strong exchange rate. Why I’m Not Reviewing Noma Mexico 2017-05-23T04:00:00Z To get the best exchange rate when using a credit card to pay for something abroad, always select the “pay in local currency” option when it is offered. Thrifty Strategies for Senior Travelers 2022-09-22T04:00:00Z The winner, named in October after a September shortlist announcement, will receive £50,000 — a bit more than, given current exchange rates, $75,000. Why You Should Care About the Man Booker Prize 2013-07-23T17:15:57Z Argentina’s not cheap, but the exchange rate helped keep costs down. At Chapelco in Argentina, Skiing, Steaks, Sun (and Few Crowds) 2017-12-12T05:00:00Z Disney, Marvel's corporate parent, said the international opening numbers were up about 44% from the original "Avengers" movie in 2012 when comparing the same territories at today's exchange rates. 'Avengers: Age of Ultron' storms overseas box office 2015-04-27T04:00:00Z The "Hobbit law", together with fresh tax breaks to offset the shifts in exchange rate, saw the films stay in New Zealand. The Hobbit promises more gold for New Zealand 2012-10-13T19:08:15Z In dollar terms, that picture narrowly trumped Head of an Apostle due to fluctuating exchange rates, but since both were sold in pounds in London, Sotheby's is claiming the crown. Raphael drawing fetches record £29m at auction 2012-12-06T01:47:27Z The night before, workers removed his name from the site, his only Spanish project, which cost €44 million, or $57 million at current exchange rates. Dispute Shuts High-Profile Arts Complex in Spain 2011-12-15T22:12:28Z It’s early days, but if exchange rates hold and travel softens within Europe and Britain, expect more enticing travel offers. How ‘Brexit’ Will Affect Travel to Europe 2016-06-24T04:00:00Z Janus said total dividends were slightly better than expected in the quarter despite lower one-off special payouts and exchange rate effects. Global dividends slide in Q3 as miners drag 2023-11-15T05:00:00Z Food, transport and commodity prices in Nigeria have been forced higher by a fall in the naira - which has caused a spike in foreign exchange rates and driven up inflation. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z The local monthly minimum wage is 132,000 pesos, $377 at the official exchange rate but half that at real street rates due to capital controls - restrictions on foreign exchange transactions. 'Can't buy new jeans': Argentina inflation hits 143% as shoppers tighten belts 2023-11-13T05:00:00Z The tightly controlled official exchange rate was devalued to 350 pesos per greenback in August, though it currently trades for nearly three times that on the informal parallel market. Argentina retail prices seen slipping under double digits in October 2023-11-10T05:00:00Z Still, negative currency exchange rates prompted it to adjust the cars business sales outlook slightly downwards to 20 billion euros from 21 billion previously. Continental boosts earnings on higher pricing, lower inventories 2023-11-08T05:00:00Z French IT consulting group Capgemini on Tuesday posted a 1.3% fall in third quarter revenue at current exchange rates, citing a microeconomic context that "remains challenging" and with revenues declining in the North American region. Growing Italy risk puts equities at deepest discount in 35 years 2023-11-07T05:00:00Z Foreign exchange scarcity or higher exchange rates force manufacturers to pay more to import their raw materials, which increases the cost of production. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z Tokyo assumed an exchange rate of 108 yen to the dollar - a rate last traded at in summer 2021 - when it began formulating purchase plans in December, the eight people said. Exclusive: Weak yen forces Japan to shrink historic military spending plan 2023-11-03T04:00:00Z "The effect of August's peso devaluation was diluted, but it seems more inertia is building now than from before the previous exchange rate shock." Argentina retail prices seen slipping under double digits in October 2023-11-10T05:00:00Z On Thursday, the company said that sales in China had dipped by 2.5%, although Mr Cook said that after accounting for foreign exchange rates its business there had grown year on year. Apple sales dip again despite iPhone boost 2023-11-02T04:00:00Z Apple's Cook said that after accounting for foreign exchange rates, Apple's business in China grew year-over-year, driven by iPhone sales and services revenue. Apple holiday forecast misses expectations, shares sink 2023-11-02T04:00:00Z Wednesday’s announcement came days after Kenya’s central bank governor, Kamau Thugge, said the Kenyan shilling had for years been overvalued by 25%, which “ led the country to maintain an artificially strong exchange rate.” Kenya is raising passenger fares on a Chinese-built train as it struggles to repay record debts 2023-11-01T04:00:00Z It lifted its full-year profit forecast to 4.5 trillion yen from 3 trillion yen, largely due to favourable effects from foreign exchange rates. Toyota rides weak yen, demand for hybrids to post blowout profit 2023-11-01T04:00:00Z "However, consumer prices are still going up quickly, especially considering the official exchange rate and government controls." Argentina retail prices seen slipping under double digits in October 2023-11-10T05:00:00Z Toyota lifted its full-year profit forecast to 4.5 trillion yen from 3 trillion yen, largely due to favourable effects from foreign exchange rates. Toyota more than doubles quarterly profit, raises annual forecast 2023-11-01T04:00:00Z The increase was mainly due to improved volumes and consistent pricing power but was partially offset by foreign exchange rates, the company said in a statement. Stellantis says it is least affected by North America strikes among Detroit Three 2023-10-31T04:00:00Z By real effective exchange rate measures, the yen is its weakest in over 50 years, luring foreign buyers in to snap up assets on the relative cheap. Morning Bid: All eyes on Bank of Japan's 1% yield cap 2023-10-30T04:00:00Z As a result, the exchange rate had not "played a large part" in recent monetary policy decisions, she said. Australia c.bank sees risks on inflation, will not hesitate on rates 2023-10-24T04:00:00Z Ana Monclus, a 20-year-old student, meanwhile said she was skeptical of the governing party that had led the country during its current economic predicament, with multiple exchange rates, rising debts and a looming recession. Analysis: How Argentina's Massa pulled off election upset with tax cuts and bus fares 2023-10-23T04:00:00Z Out-of-hours trading in the so-called "crypto dollar" suggested a slight currency strengthening in parallel exchange rates which are far away from the controlled official one. Argentina market analysts see silver lining in Peronist election win 2023-10-23T04:00:00Z Ms Bullrich, 67, has proposed a dual currency system that would combine both the peso and dollar in the economy, unifying the exchange rate and relaxing restrictions on the dollar. Argentina votes in election rocked by radical candidate 2023-10-22T04:00:00Z Popular unofficial exchange rates include the "blue" dollar, the MEP, and blue-chip swap, though demand for dollars through parallel channels has over time spawned dozens of different rates including a "Coldplay dollar" and "Malbec dollar". Argentina braces for election with economy in 'intensive care' 2023-10-19T04:00:00Z The purpose of introducing the new subscription model is to combat bots and spammers, X said, adding that the fee will vary from country to country based on the exchange rate. X social media to test $1 annual subscription for basic features 2023-10-18T04:00:00Z The property sector's travails, threat of deflation, soaring youth unemployment, foreign outflows from Chinese stocks and bonds, and the exchange rate's slide to a 16-year low are well documented. Morning Bid: Amid the fog, look out for China GDP this week 2023-10-15T04:00:00Z They discussed post-war financial arrangements, including how to set up a stable system of exchange rates and how to pay for rebuilding damaged European economies. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z Pupils will be taught through maths concepts through household budgeting, currency exchange rates when going on holiday, sports league tables and cookery recipes. Teach primary pupils real world maths - Labour 2023-10-10T04:00:00Z Analysts expect this will lead to a sharp devaluation of the official exchange rate. Argentina braces for election with economy in 'intensive care' 2023-10-19T04:00:00Z The so-called blue rate, as the informal exchange rate is known, closed at around 1,025 pesos to the U.S. dollar Tuesday, a sharp increase from 880 pesos on Friday. Argentina’s populist presidential candidate Javier Milei faces criticism as the peso takes a dive 2023-10-10T04:00:00Z These figures do not take into account valuation effects of exchange rate and bond price moves in the month, so it is not necessarily the case that Beijing dumped $45 billion of U.S. bonds. Morning Bid: Watch safe havens and oil 2023-10-08T04:00:00Z "We expect that the dollar exchange rate's entry into the three-digit zone will be short-lived, as it will prompt the authorities to take measures capable of cooling the FX market." Russian rouble hits more than seven-week low past 101 vs dollar 2023-10-06T04:00:00Z Shadow education secretary Bridget Philipson will say in a speech that children as young as four should learn financial literacy - including budgeting and currency exchange rates. Teach primary pupils real world maths - Labour 2023-10-10T04:00:00Z The bank denies charges of mismanagement and says the losses were a result of a fluctuating exchange rate and because of non-payment of loans by state institutions. How Ghana's central bank lost $5bn in one year 2023-10-05T04:00:00Z "But this will happen either in the second half of the month or when the exchange rate goes above 100 roubles per dollar," Antonov said. Rouble slides to over 7-week low past 100 per dollar as Putin speaks 2023-10-05T04:00:00Z Consumer price data from South Korea, the Philippines, Thailand, and Taiwan should give their respective exchange rates a nudge on Thursday, while Australian trade figures and retail sales from Singapore are also on tap. Morning Bid: Bond beating takes a breather 2023-10-04T04:00:00Z But a stabler exchange rate, lower inflation and more robust growth have not yet helped those struggling to make ends meet. Ghana protesters demand central bank governor resign 2023-10-03T04:00:00Z He added that Japan was acting in accordance with an agreement with its G7 and G20 partners, which includes a commitment to the stance that excessive exchange rate moves are undesirable. Japan warns it will take 'appropriate' steps on excessive yen falls 2023-10-04T04:00:00Z Suzuki told reporters he would not comment on whether Tokyo intervened in the exchange rate market overnight to prop up the yen. Japan will take appropriate steps vs excessive yen moves - finance min 2023-10-04T04:00:00Z Higher U.S. yields boost the dollar, which pushes Asian currencies lower, raising speculation that countries with particularly weak exchange rates might intervene by selling FX reserves, thereby pushing up U.S. yields. Morning Bid: New quarter, same old market dynamics 2023-10-02T04:00:00Z Still, its shares fell about 4.7% as Carnival forecast an unfavorable net impact of $130 million in the fourth quarter from higher fuel prices and unfavorable currency exchange rates. Carnival trims loss forecast as strong cruise demand cushions fuel hit 2023-09-29T04:00:00Z That, along with steady on-board spending from customers, has helped Carnival soften the blow from steeper oil costs and the impact of unfavorable foreign exchange rates. Carnival trims annual loss forecast on high demand, ticket prices 2023-09-29T04:00:00Z The bulk of Japan's past intervention was conducted in the dollar/yen exchange rate to stem yen strength, rather than weakness, in order to protect all-important exports. Japan finmin warns markets as yen nears intervention danger zone 2023-09-26T04:00:00Z Al-Haffar said Cemex is also considering issuing local currency bonds to take advantage of the strong exchange rate, the report added, noting that this would be its first debt sale in pesos since 2011. Mexico's Cemex in talks with banks over $3 bln debt refinancing 2023-09-21T04:00:00Z Emefiele oversaw a much-criticised system of multiple exchange rates used to keep the local naira currency artificially strong and lent directly to businesses to try to boost growth in Africa's biggest economy. Nigeria central bank postpones next week's policy meeting 2023-09-21T04:00:00Z A renewed slide in the exchange rate could raise those expectations even further. Morning Bid: Central bank bonanza, yen intervention watch 2023-09-20T04:00:00Z Since gold was the raw material used to mint currency, the value of this precious metal was used to determine exchange rates for many centuries. Five Ways to Invest in Foreign Currency 2018-03-21T04:00:00Z More attention should be given to the exchange rate of the yuan against a basket of currencies, Zou Lan, a China central bank official said at a news conference on Wednesday. China keeps benchmark rates unchanged as economy finds footing 2023-09-20T04:00:00Z As well as supply and demand, oil prices are also affected by the exchange rate between the pound and dollar, as Brent crude is traded in dollars. Global oil prices surge to 10-month high 2023-09-19T04:00:00Z At the modern game's exchange rate though, that sort of output doesn't tend to bring in the big prizes. Upbeat England search for statement win over Japan 2023-09-17T04:00:00Z The IMF said that all official exchange rates should be unified at the market exchange rate. IMF warns Lebanon that the country is still facing enormous challenges years after a meltdown began 2023-09-15T04:00:00Z Although the ruble’s exchange rate improved mildly after the rate hike, it remains around 95 to the dollar, significantly weaker than a year ago when it was trading at around 60 to the U.S. currency. Russia raises key interest rate again as inflation and exchange rate worries continue 2023-09-15T04:00:00Z Sobel said the country will require sweeping fiscal consolidation, a halt on reserve money creation, and an extensive and sequenced liberalisation of multiple foreign exchange rates, capital controls and other restrictions. Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z Suzuki issued verbal warnings to the currency market over exchange rate volatility, as the yen hit a 10-month low against the dollar last week. Japan PM to keep his finance and others key ministers in cabinet reshuffle -media 2023-09-12T04:00:00Z Prices had already been accelerating since the second half of July but the jump in all exchange rates on Aug. 14 further changed the situation, the consultancy said in a report. Argentina August inflation forecast at highest since 1991 2023-09-11T04:00:00Z A Chinese state-owned newspaper said on Friday that with the economy gradually recovering, there should be a little more confidence in the yuan exchange rate. Yuan ends domestic session at weakest since 2007 as outflow pressure builds 2023-09-08T04:00:00Z The figure is far larger than the entire economic output of Switzerland which stood at $878 billion in 2022 at current exchange rates. UBS CEO insists bank not too big after Credit Suisse takeover 2023-09-05T04:00:00Z "It's very costly to give up flexibility of the exchange rate." Argentina, in dollar love affair, agonizes over divorcing the peso 2023-09-05T04:00:00Z “Most countries say they want a strong exchange rate, but they don’t want it too strong.” Mexico's peso is soaring. That's bad news for people who rely on dollars sent from the U.S. 2023-09-05T04:00:00Z While the shrinking trade surplus has led the currency to steadily decline, Moscow has benefited because a weaker exchange rate actually helps the government pay its bills. Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison 2023-08-29T04:00:00Z "We have a big challenge in the coming months because people will definitely not bear another increase in prices or the exchange rate." Egyptian opposition coalition criticises Sisi, weighs electoral challenge 2023-08-28T04:00:00Z "It's pretty weak," said Sat Duhra, a portfolio manager at Janus Henderson who devises a macro score for countries by tracking seven factors including PMI surveys, real exchange rates, current accounts, growth estimates and liquidity. China-linked assets squeezed as slowdown ripples across markets 2023-08-28T04:00:00Z Dollarization has been tried elsewhere, usually either replacing the local currency with dollars at a set exchange rate, or intervening in the markets to 'peg' the local tender to the dollar. Argentina, in dollar love affair, agonizes over divorcing the peso 2023-09-05T04:00:00Z "All countries are experiencing currency depreciations, our focus is to stabilise the exchange rate through intervention," Bank Indonesia Governor Perry Warjiyo said. Analysis: Asia's worries over currency volatility get in the way of rate cuts 2023-08-25T04:00:00Z While weaker than last year’s levels of about 60 rubles to the dollar, the lower exchange rate isn’t a crisis yet, if a freefall can be avoided. Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison 2023-08-29T04:00:00Z "We are not only facilitating trade and investment, but also our resiliency toward global uncertainty of the exchange rate, of the Fed," Bank Indonesia governor Perry Warjiyo told a press conference. Vietnam joins Southeast Asian effort on cross-border payments 2023-08-25T04:00:00Z She has pledged to undo the controls, known locally as the "cepo," that have slowed the peso's slide but sparked thriving parallel markets where dollars are over twice as expensive as the official exchange rate. Argentina's capital controls are an 'instrument of torture,' Bullrich says 2023-08-24T04:00:00Z China has maintained policy continuity and consistency and will continue to maintain the stability of the yuan exchange rate, the country's FX regulator told Reuters. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z China will also prevent overshooting risks of the yuan exchange rate and fend off systemic financial risks, the central bank said. China cenbank says it will keep policy 'precise, forceful' to aid recovery 2023-08-17T04:00:00Z Analyst Salvador Vitelli, however, said that despite the new measures a further devaluation was expected, even after the central bank pegged the official exchange rate at 350 pesos per dollar until the election. Argentines rush to dollar safety as election uncertainty looms 2023-08-16T04:00:00Z There are now as many as a dozen different exchange rates, depending on who wants to access the US currency and why. How Argentina learned to love the US dollar 2023-08-15T04:00:00Z The People's Bank of China may have finally pulled the interest rate lever, but it had the expected impact of slamming the exchange rate. Morning Bid: China crisis 2023-08-15T04:00:00Z China will resolutely curb large fluctuations in the exchange rate and study the strengthening of self-regulation of dollar deposits, the central bank said. Factbox: China's measures to slow yuan depreciation 2023-08-22T04:00:00Z A lower exchange rate means more rubles for every dollar of earnings from oil and other products it sells. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z "The market does not seem to believe that they will be able to maintain the exchange rate until October," he said. Argentines rush to dollar safety as election uncertainty looms 2023-08-16T04:00:00Z Nowadays, both countries are far from the 1:1 exchange rate they adopted in the 1990s. How Argentina learned to love the US dollar 2023-08-15T04:00:00Z The central bank says demand has exceeded the country’s ability to expand economic output, increasing inflation and affecting “the ruble’s exchange rate dynamics through elevated demand for imports.” Russia’s central bank makes huge interest rate hike to try to prop up falling ruble 2023-08-15T04:00:00Z The offshore yuan slumped on Monday to its lowest level this year, approaching the 7.30 per dollar mark, and the yuan's official onshore exchange rate is the weakest in a month. Morning Bid: China data deluge as EM turmoil deepens 2023-08-14T04:00:00Z That tends to lower the ruble’s exchange rate. Russia’s ruble has tumbled. What does it mean for the wartime economy? 2023-08-15T04:00:00Z A presenter on the Rossiya-24 channel did admit that the dollar exchange rate had reached an eye-watering 101 roubles - but, he went on to insist, the Russian economy was still doing marvellously well. Russia rouble: No panic but currency fall will hurt 2023-08-14T04:00:00Z They are also affected by the exchange rate between the pound and dollar, as crude oil is traded in dollars. Petrol prices: Why are they going back up? 2023-08-14T04:00:00Z At a press conference Friday, central bank deputy director Alexei Zabotkin said the bank is adhering to a floating exchange rate because “it allows the economy to effectively adapt to changing external conditions.” Russia’s currency hits the lowest level since beginning of the war in Ukraine 2023-08-14T04:00:00Z "That said, as policymakers vowed to 'ensure the exchange rate is basically stable at a reasonable and balanced level' during July's Politburo meeting, we see limited space for significant monetary easing in the near term." China c.bank seen leaving policy loan rate unchanged on Tuesday 2023-08-14T04:00:00Z For instance, Toyota has stuck to its forecast for an average exchange rate of 125 to the dollar this business year, a level not seen since April 2022, about a month after the U.S. Weak yen gives Japan's automakers temporary relief from China pain 2023-08-13T04:00:00Z But some economists here say that rouble exchange rates are now entirely managed by the Central Bank - and that recovery was artificially engineered. Russia rouble: No panic but currency fall will hurt 2023-08-14T04:00:00Z "We need to be able to export what is needed, to work freely, to be able to bring in and withdraw foreign currency, a single exchange rate, lower interest rates," he said. Argentine farmers back conservatives in election, hoping for freer markets 2023-08-12T04:00:00Z “The hypotheses that the exchange rate changes are associated with some significant capital transactions are not very substantiated at the moment,” he said. Ruble touches 99 to the US dollar, continuing the Russian currency’s monthslong fall 2023-08-11T04:00:00Z The country has also seen a dramatic fall in its exchange rate. Argentina cracks down on football fans who tear up money to taunt locals 2023-08-11T04:00:00Z In exchange, the Egyptian government agreed to implement several economic reforms, including a shift to a flexible exchange rate. Egypt’s inflation reaches record high of 38.2% in July, government data shows 2023-08-10T04:00:00Z Then I meet a man called Maxim, who insists that the exchange rate has no impact on him whatsoever. Russia rouble: No panic but currency fall will hurt 2023-08-14T04:00:00Z Promsvyazbank analysts said the move demonstrated the Bank of Russia's concern about exchange rate dynamics, but that the measures would not be enough on their own to prevent further rouble weakening. Russia abandons budget rule in effort to save tanking rouble 2023-08-09T04:00:00Z Sony said its results got a boost from a favorable exchange rate. Sony’s profits drop as it warns of the impact from US movie strikes 2023-08-09T04:00:00Z Pressure on the exchange rate is already being felt. Analysis-Yuan loses core support as firms leave China 2023-08-07T04:00:00Z In exchange, the Egyptian government agreed to put in place several economic reforms, including a shift to a flexible exchange rate. Egypt raises interest rates as it battles spiraling inflation and households struggle to keep up 2023-08-04T04:00:00Z Maduro has insisted on a fixed exchange rate to anchor his economic strategy, instead of allowing the rate to float freely. Venezuela's bolivar weakens against the U.S. dollar as inflation rages 2023-08-03T04:00:00Z Depositors desperate for money have since been withdrawing their savings at exchange rates far lower than the market rate. Banks from 4 Arab countries are in talks to invest in struggling Lebanese banks, official says 2023-08-03T04:00:00Z The state considers the informal exchange rate, widely tracked via the independent news outlet El Toque, as illegal, but it has been unable to shut it down. Cubans struggle as peso loses half its value in a year on informal market 2023-08-02T04:00:00Z At the peso’s weakest point in recent years, in April 2020, the exchange rate was about 25 for one dollar. The Peso Is Strong and a Problem for Mexicans Working Abroad 2023-07-31T04:00:00Z I’m in Thailand, where the exchange rate makes the entire country as affordable as it’s ever been. Traveling this summer? Here’s how to survive ‘Airmageddon’ 2023 2023-07-31T04:00:00Z "The prevailing theme throughout this year has been the pressure on profitability, primarily driven by exchange rate appreciation, input cost inflation and region mix headwinds," Becle managament said in a statement. Jose Cuervo distiller's profit drops slightly amid North America headwinds 2023-07-27T04:00:00Z In the call, Harris also expressed support for Tinubu's steps to reform Nigeria's economy, including ending a fuel subsidy and unifying foreign currency exchange rates, the White House said. US Vice President Harris condemns attempted takeover of power in Niger 2023-07-27T04:00:00Z The IMF welcomed steps Buenos Aires announced on Monday, which included import taxes and a new set of trade-related and weaker exchange rates to build up reserves in what Goldman Sachs called an "implicit devaluation." Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z The 17% increase at constant exchange rates was a touch better than analyst expectations for 16% growth, according to a Visible Alpha consensus. Sharp Chinese rebound powers LVMH sales growth in second quarter 2023-07-25T04:00:00Z As part of that tricky balancing act, it announced this week a raft of new and weaker trade-related exchange rates, while keeping the peso's official rate stable. Analysis: Argentine IMF concessions risk further fueling red hot inflation 2023-07-25T04:00:00Z Deposits to a local bank account are converted from dollars to pesos at the official exchange rate. Insight: Some Airbnb hosts try to beat Argentina's inflation with dollar rates and tax avoidance 2023-07-25T04:00:00Z Policymakers also said China will keep the yuan exchange rate basically stable at reasonable and balanced levels, and vowed to invigorate the capital market and restore investor confidence. China state banks seen selling US dollars to prop up yuan -sources 2023-07-25T04:00:00Z If BI does stay on hold, policymakers' focus will switch to the exchange rate - further tightening from the Fed and other central banks could put the rupiah under heavy selling pressure. Morning Bid: China gloom deepens, Wall Street shines 2023-07-24T04:00:00Z But the company’s run of uneven organic growth, a measure of sales excluding the impact of acquisitions and exchange rates, has raised doubts about whether its once-impressive innovation engine can revive results. 3M’s dark chapter deepens as CEO faces beaten down investors 2023-07-24T04:00:00Z "August inflation will accelerate," economist Marina dal Poggetto from local consultancy firm EcoGo said, primarily due to the preferential dollar exchange rate being extended to corn. Analysis: Argentine IMF concessions risk further fueling red hot inflation 2023-07-25T04:00:00Z "Hopefully soon, there will be just one exchange rate and that will be better for everything," he said. Insight: Some Airbnb hosts try to beat Argentina's inflation with dollar rates and tax avoidance 2023-07-25T04:00:00Z The bank’s new leadership has eased foreign exchange rates to reduce the gap between the official and black-market rate, a key demand of international backers. Short-Term Pain for Long-term Gain? Nigerians Buckle Under Painful Cuts. 2023-07-24T04:00:00Z "This will lead to a favorable trade balance and recover reserves, and imply a more controlled exchange rate. This immediately lowers inflation and recovers the purchasing power of wages." Argentina's cabinet chief says harvest should bring economic relief 2023-07-21T04:00:00Z If they want to withdraw US dollars, it is at an exchange rate so small it's almost worthless. Lebanon's tainted bank chief leaves an economy in tatters 2023-07-20T04:00:00Z With Russia's domestic production increasingly dependent on importing assembly kits from China, profits are beholden to the yuan exchange rate, a source close to one of the factories said. Focus: Made in Russia? Chinese cars drive a revival of Russia's auto factories 2023-07-20T04:00:00Z In advanced economies, more flexible exchange rates were able to absorb some of the impact through depreciation, while more accommodative monetary policy also helped - provided that there were firmly anchored inflation expectations, the IMF said. IMF says dollar's rise hit emerging markets harder than advanced economies 2023-07-19T04:00:00Z That has left its economy highly dependent on fluctuating exchange rates and international oil prices. Short-Term Pain for Long-term Gain? Nigerians Buckle Under Painful Cuts. 2023-07-24T04:00:00Z Lacalle Pou said the government will seek to make sure contraband doesn’t cross the border, but added that “it is impossible to solve the exchange rate problem with Argentina.” Bargain-hunting Uruguayans are flocking to Argentina as its peso slides. Back home, shops struggle 2023-07-14T04:00:00Z Others have wondered if it's the weakness of the Canadian dollar, compared to US currency - the exchange rate now is roughly C$1.33 to $1.00. Is Taylor Swift snubbing Canada? 2023-07-07T04:00:00Z She said Russians often start floating conspiracy theories about attempts to boost government revenue when the currency falls, but in fact, the exchange rate is largely a reflection of the country’s foreign trade. The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny. 2023-07-06T04:00:00Z "In turn, emerging market economies with more flexible exchange rate regimes tend to enjoy a faster economic recovery owing to a sizable immediate exchange rate depreciation." IMF says dollar's rise hit emerging markets harder than advanced economies 2023-07-19T04:00:00Z "Although consumer prices in Romania are largely sensitive to the exchange rate, it could soon allow the central bank to let leu depreciate slightly." CEE FX set to weaken as rate cuts come into view: Reuters poll 2023-07-06T04:00:00Z The yuan’s real exchange rate, he points out, is below the nadir seen during China’s 2015-16 stock market crash and capital flight. Chinese rush to buy Hong Kong insurance, dollars as confidence cracks, yuan weakens 2023-07-05T04:00:00Z The yuan is not a fully-convertible currency and its onshore exchange rate is a managed floating rate. Explainer: What's behind the firmer-than-expected yuan fixings? 2023-07-05T04:00:00Z BI at its June policy meeting left its key interest rates unchanged for a fifth consecutive meeting and said it would focus on keeping the rupiah exchange rate stable amid global uncertainties. Indonesia's June inflation eases to lowest in 14 months 2023-07-03T04:00:00Z The new rules also mean pension funds can be less strict in protecting against swings in interest rates and exchange rates using derivatives like swaps. Analysis: Dutch pension fund reform spells investment rethink 2023-06-30T04:00:00Z In fact, the yen is close to a 50-year low on a real effective exchange rate basis. Morning Bid: China, Japan data bring curtain down on H1 2023-06-29T04:00:00Z While the amounts were small, analysts said they sent a clear message guiding expectations for the yuan exchange rate. Factbox: Policy measures China's central bank could use to stem yuan weakness 2023-06-29T04:00:00Z The emergence of parallel exchange rates or an unofficial market to buy dollars and other major currencies is often an early sign a country is running into problems. Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z Investors are watching carefully for the central bank’s next move after the official exchange rate was set in line with market projections, breaking a two-day run of firmer-than-expected fixings. Dollar near 7-1/2-month high versus yen as central bankers reaffirm policy divergence 2023-06-29T04:00:00Z Simultaneous policy tightening across the world muted the exchange rate boosts which usually help ease inflation by lowering the price of imports - meaning central banks effectively got a smaller bang for their buck. Global inflation forecasters reflect on a 'humbling task' 2023-06-28T04:00:00Z Asian exchange rates will be under the spotlight, however, with traders wary of more warnings and action from some policymakers over the speed with which their currencies are falling. Morning Bid: Risk back on as slowdown blues fade 2023-06-27T04:00:00Z He then quickly suspended the central bank governor and freed up the exchange rate. Analysis: Nigeria's Tinubu faces daunting hurdles after reform sprint 2023-06-27T04:00:00Z Nigeria has long had a web of multiple exchange rates which it is now trying to untangle, having also devalued its naira currency again last week. Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z A key part of this race is exchange rates. ASIA Inflation, rates worries supersede Russia stress 2023-06-26T04:00:00Z With the rouble not trading over the weekend, Russian banks were offering exchange rates well above official rate beyond 90 to the dollar. Rouble opens at 15-month low vs dollar after aborted mutiny 2023-06-26T04:00:00Z "Regardless of the direction, it's generally not good for the economy if exchange rates move excessively in a way that deviates from economic fundamentals," he said. Japan's top currency diplomat escalates warning against weak yen 2023-06-26T04:00:00Z Ending forex restrictions and unifying the exchange rate to end chronic dollar shortages will cause further pain. Analysis: Nigeria's Tinubu faces daunting hurdles after reform sprint 2023-06-27T04:00:00Z "We don't know exactly where the exchange rate is." Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z The Central Bank’s official exchange rate is set at 2,100 kyats to the dollar. Foes of Myanmar’s military regime applaud new US sanctions, but want action to block gas revenues 2023-06-22T04:00:00Z In the Titan’s case, a tether with the mothership would have ensured instant two-way communication and a higher data exchange rate. What Safety Features Should Subs like the Titan Be Equipped With? 2023-06-22T04:00:00Z "Now that Japan has reopened to tourists and the current exchange rate makes leisure trips less expensive, we think this trend will continue to grow." Japan sees 1.9 million visitors in May, down from cherry blossom rush 2023-06-21T04:00:00Z In April, overall inflation hit an annual rate of 269%, despite the government downgrading the lira’s exchange rate to one-tenth of its value weeks before. Record inflation has hit even Lebanon's garbage. 'Trash just isn’t like it used to be' 2023-06-19T04:00:00Z For tourists, the exchange rate of about 140 yen to the U.S. dollar means bargains. Wages are finally rising in Japan, as inflation eats away at consumer gains 2023-06-18T04:00:00Z "In the future, the two sides will continue to communicate on issues such as overall economic and exchange rate policies on the basis of good interactions," it said. Taiwan says will it keep talking to US on forex policies 2023-06-17T04:00:00Z The IMF was to monitor exchange rates and lend reserve currencies to countries with balance of payment deficits. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z China's yuan is essentially one currency with two exchange rates. Explainer: What is Hong Kong's new dual HKD/RMB share counter? 2023-06-16T04:00:00Z Now it costs 9,000 lira according to the recently modified official exchange rate, or about 60 cents. Record inflation has hit even Lebanon's garbage. 'Trash just isn’t like it used to be' 2023-06-19T04:00:00Z ABUJA, Nigeria — Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest economy hopes will help woo investors and stabilize the local currency. Nigeria lets market set currency exchange rate to stabilize economy, woo investors 2023-06-15T04:00:00Z Fans from around the world took advantage of favorable exchange rates and flew in to buy tickets that were cheaper than in the United States or Britain, for example. The Unexpected Beyoncé Effect: Hotter Inflation 2023-06-15T04:00:00Z ING analysts reckon the euro/dollar exchange rate now faces some "moderate downside risks." Morning Bid: ECB day to follow a hawkish Fed 2023-06-15T04:00:00Z The onshore yuan is largely fungible with CNH and, under normal market conditions, their exchange rates tend to move together. Explainer: What is Hong Kong's new dual HKD/RMB share counter? 2023-06-16T04:00:00Z Even more dire, shops and traders use an unofficial, street exchange rate that puts a can of Coke at the astronomical price of 55,000 lira. Record inflation has hit even Lebanon's garbage. 'Trash just isn’t like it used to be' 2023-06-19T04:00:00Z Now, the currency devaluation is expected to push up prices for imports like food amid a significantly higher foreign exchange rate. Nigeria lets market set currency exchange rate to stabilize economy, woo investors 2023-06-15T04:00:00Z Thanks to an excellent exchange rate, everything you buy in Canada is a bargain with an instant 25% discount. Visiting Vancouver, B.C.? Here’s where to take the kids 2023-06-09T04:00:00Z Analysts say Erdogan’s government propped up the lira in the run-up to Turkey’s presidential and parliamentary elections last month, using foreign currency reserves to keep the exchange rate under control. Turkish lira declines to record lows following start of Erdogan’s new presidential term 2023-06-07T04:00:00Z Because the previous exchange rate was a result of government manipulation, Mr. Tastan said, “probably we will see the Turkish lira’s value go down further.” Turkey’s Lira Falls to New Low as a New Economic Policy Forms 2023-06-07T04:00:00Z The government has removed caps on the exchange rate, imposed taxes, raised energy tariffs and scaled back subsidies in an attempt to unlock the IMF funding. Pakistan's Prime Minister hopeful for deal with IMF this month 2023-06-05T04:00:00Z There’s an exchange rate around how we value poetry, and that method of reading dominates our education system into adulthood. Ocean Vuong holds space for humor amid grief in latest poetry collection, ‘Time Is a Mother’ 2023-06-01T04:00:00Z "A rapid decline in rate differentials and increased exchange rate volatility could reduce the attractiveness of their carry trades," the ECB said. BOJ normalisation could strain global bond markets: ECB 2023-05-31T04:00:00Z The incoming president has criticised the bank's policy of using multiple exchange rates. Bola Tinubu inauguration: The five tests awaiting Nigeria's new president 2023-05-26T04:00:00Z Central banks put rainy day funds in dollars in case they need to prop up exchange rates during economic crises. The end of King Dollar? The forces at play in de-dollarisation 2023-05-25T04:00:00Z To ensure continued IMF support, Ukraine must meet a number of conditions, including steps to boost tax revenue, maintain exchange rate stability, preserve central bank independence, and strengthen anti-corruption efforts. IMF mission starts review of Ukraine's new loan program 2023-05-23T04:00:00Z “Our prices are not subject to the artificially low official exchange rate, so we have taken over the supply of basic commodities,” Mangoma said. Street traders offer a better bargain than stores as Zimbabwe’s currency crumbles 2023-05-23T04:00:00Z The new bank note is worth double the previous highest bill in circulation, but is still worth only $8.21 at the official exchange rate and $4.08 at black-market rates. Argentina introduces larger bank note amid galloping inflation 2023-05-22T04:00:00Z This keeps the naira artificially high - the official exchange rate is 460 naira: $1, available to different categories of people who have to apply and wait till it is available. Bola Tinubu inauguration: The five tests awaiting Nigeria's new president 2023-05-26T04:00:00Z That agreement fixed the dollar as the monetary reserve of the western world, created the International Monetary Fund and the World Bank to stabilize the international economy, and fixed currency exchange rates. Western Civilization: A Concise History 2020-01-01T00:00:00Z The MPC said inflation had decelerated in part because disruptions to the domestic supply chain, commodity prices and the exchange rate had eased. Egypt's central bank leaves key interest rates on hold 2023-05-18T04:00:00Z “People have been increasingly asking me about where they should invest their savings, whether the exchange rate will go even further,” Mr. Guner said in an interview. Who will win the elections? Turkey’s astrologers find answers in the stars. 2023-05-14T04:00:00Z The government also will not introduce new tax exemptions and will “durably allow” a market-based exchange rate for the rupee currency, the IMF told Bloomberg on Thursday. Pakistan needs significantly more financing for successful bailout review -IMF 2023-05-11T04:00:00Z In the Americas, where other luxury groups had already flagged a slowdown in the pace of growth, retail sales were up 5% at constant exchange rate in the first quarter. Prada's sales up 22% in the first quarter on robust growth in Asia, Europe 2023-05-11T04:00:00Z "But since late 2021, we have gone back into this cycle of instability on the exchange rate market and soaring inflation". Analysis: North Africa backslides toward swirling debt troubles 2023-05-11T04:00:00Z "The exchange rate is uncontrollable. We can't afford anything. Nothing they said has held, therefore they do not inspire any confidence," Ekinci said. 'We can't afford anything': Turkey's cost-of-living crisis threatens Erdogan's re-election 2023-05-08T04:00:00Z Policies that interfere with a floating exchange rate would end, including a government scheme that protects lira deposits against currency depreciation. Factbox: How Turkey's opposition plans to roll back Erdogan's policies 2023-05-06T04:00:00Z In an effort to control rampant inflation, Venezuela's government has been injecting dollars into the economy to stabilize the exchange rate, along with public spending cuts and credit restrictions. Chevron export earnings boost supply of US dollars in Venezuela -sources 2023-05-02T04:00:00Z The finance ministry said a successful completion of talks with the IMF will eventually attract more capital inflows, stabilise the exchange rate and alleviate inflationary pressures. Food pushes Pakistan inflation to record 36.4% in April 2023-05-02T04:00:00Z On the official market, the exchange rate is just over 1,000 Zimbabwe dollars to the U.S. dollar. Zimbabwe plans to launch digital currency backed by gold 2023-04-28T04:00:00Z Taking out the impact from changes in the foreign exchange rate, Amazon reported net sales increased 11% year over year. Amazon profits jumped to $3.2B as it shed workers at the start of 2023 2023-04-27T04:00:00Z Sources have told Reuters the crackdown was in part motivated by the need for dollars to maintain exchange rate policy and increase spending ahead of the 2024 elections. Venezuelan parliament passes law to seize assets linked to corruption cases 2023-04-27T04:00:00Z "This kind of renminbi internationalisation may achieve Beijing's goals, including reducing China’s exposure to exchange rate fluctuations and mitigating China’s vulnerabilities to U.S. financial sanctions." Analysis: China's small steps on offshore use of yuan are starting to add up 2023-04-27T04:00:00Z "I'd be very surprised if this government devalues the official exchange rate before the presidential election, but it's probably one of the first things the next government will do." Argentina vows to battle black market peso slide towards 500 per dollar 2023-04-25T04:00:00Z The declining value of the yuan, particularly against the euro, continues to cast doubts over China's post-Covid recovery, while Hong Kong's central bank is battling increasing pressure on its financial system and exchange rate. ASIA South Korea to avoid recession ... just 2023-04-24T04:00:00Z A flight to the safe-haven U.S. dollar sped up this week after the failure of stopgap efforts to bolster exhausted international reserves rekindled fears about a possible devaluation of the heavily-regulated official exchange rate. Argentina's economy teeters on the edge of deeper crisis as market anxiety grows 2023-04-21T04:00:00Z Federal Reserve raising interest rates more than the Bank of Canada is not a "major concern" because of a flexible exchange rate and the BOC's independent monetary policy, Governor Tiff Macklem said on Thursday. Higher US Fed rates 'not a major concern' for C$, BOC's Macklem says 2023-04-20T04:00:00Z Competing monetary polices of the internationally recognised government based in the south and the Houthis have left divergent exchange rates of the Yemeni rial. Factbox: Stampede highlights Yemen's dire humanitarian crisis 2023-04-20T04:00:00Z There has been some increase in exports, some exchange rate stabilization and less inflation. U.N. says leaving Afghanistan would be ‘heartbreaking’ 2023-04-18T04:00:00Z "The instability in the exchange rate is killing us," said Killian Matangila, spokesman of the Zambia Motor Car Dealers Association, whose members import used Japanese cars. Zambians struggle with cost of living as debt rework drags on 2023-04-18T04:00:00Z There will be no change to the slope and width of the policy band, known as the nominal effective exchange rate, or S$NEER. Singapore unexpectedly leaves monetary policy unchanged as risks grow 2023-04-14T04:00:00Z "For sure there'll be some fluctuations in the Canadian dollar .. but, by and large, the flexible exchange rate system works pretty well," he said. Higher US Fed rates 'not a major concern' for C$, BOC's Macklem says 2023-04-20T04:00:00Z Changes to the BOJ's yield control policy may affect financial markets through exchange rates, term premiums on sovereign bonds and global risk premiums, the IMF said. IMF says more flexible BOJ yield control can prevent sharp market reaction 2023-04-12T04:00:00Z He added that the exchange rate fluctuated with "the conditions of changing foreign economic conditions". Russian rouble falls to lowest value for a year 2023-04-07T04:00:00Z As the debt restructuring dragged on, however, the exchange rate climbed back above 21 kwacha in March, although it has firmed up 14% so far this month. Zambians struggle with cost of living as debt rework drags on 2023-04-18T04:00:00Z Silva gets a government pension of around 45,000 pesos, which is equivalent to about $213 at the official exchange rate and about half of that on the black market. Buenos Aires airport turns into unofficial homeless shelter 2023-04-07T04:00:00Z Beirut devalued the official exchange rate for the first time in 25 years in February. Factbox: The developing countries facing a debt crisis 2023-04-05T04:00:00Z Ukraine must meet certain conditions to ensure the IMF financing, including steps to boost tax revenue, maintain exchange rate stability, preserve central bank independence and strengthen anti-corruption efforts. Ukraine hopes to get $1.8 bln from IMF in two more tranches in 2023 2023-04-04T04:00:00Z When a public row erupted over his continued support for the exchange rate mechanism Lawson finally resigned in October 1989 and was replaced by John Major. Obituary: Nigel Lawson 2023-04-03T04:00:00Z The report cited market frictions caused by relative demand and supply gaps of essential items, exchange rate depreciation, and the recent upward adjustment in fuel prices as reasons behind higher inflation expectations. Pakistan posts highest-ever annual inflation; stampedes for food kill 16 2023-04-01T04:00:00Z It also said there has been a shift in the past year from a managed floating exchange rate regime toward a reliance on administrative controls, including rules on surrendering foreign exchange. Myanmar economy to remain "severely diminished" amid conflict -World Bank 2023-03-31T04:00:00Z In exchange, Egypt’s Central Bank agreed to implement several economic reforms, including a shift to a flexible exchange rate. Egypt raises interest rates to curb surging inflation 2023-03-30T04:00:00Z These measures include the removal of an artificial exchange rate for the rupee, which has fallen in value against the dollar by about a fifth since the start of the year. Pakistan defers decision on drug price rise as pharma firms struggle 2023-03-27T04:00:00Z Weakening domestic exchange rates push up price pressures, forcing central banks into a corner - tighten policy when growth is slowing, or allow inflation to rise? ASIA Weighing up the global banking crisis 2023-03-26T04:00:00Z In a bid to combat rampant inflation the government later used dollar injections to stabilize the exchange rate, along with public spending cuts and other measures. Venezuela need for dollars helped spark PDVSA graft probe -sources 2023-03-24T04:00:00Z People with dollar accounts can only withdraw small sums in Lebanese pounds, at an exchange rate far lower than that of the black market. Tear gas, clashes as Lebanon protesters try to storm govt HQ 2023-03-22T04:00:00Z Dollars trade at around twice the price they do at the official exchange rate with even banks offering openly offering unofficial rates. Argentina drought saps dollar reserves, pressuring FX crawling peg 2023-03-22T04:00:00Z Unifying multiple exchange rates is one of several steps sought by the International Monetary Fund for Lebanon to clinch a $3 billion aid package that would help it emerge from the meltdown. Lebanon to sell unlimited US dollars to prop up collapsing pound 2023-03-21T04:00:00Z "When we were in Dior, we were thinking should we make a bigger purchase, a bag or something like that. The exchange rate does have an impact," she said. Europe's hopes for busy post-COVID summer dim as Chinese tourists stay away 2023-03-20T04:00:00Z "What is required is a full group of reforms and steps that will allow for the economic situation to stabilize in general - and would then allow the exchange rate to be unified," he said. As economy worsens, Lebanese juggle dizzying rates for devalued pound 2023-03-19T04:00:00Z Once this is priced in, stock prices could fall in sympathy with the exchange rates. Five trades from hedge funds to navigate US-China tensions 2023-03-17T04:00:00Z While the official exchange rate is set by the Central Bank at 15,000 pounds for $1, the black market rate is now used for nearly all transactions. Lebanon’s pound hits a new low as banks go back on strike 2023-03-14T04:00:00Z But as Lebanon approaches the one-year mark since it signed a preliminary deal with the IMF, residents are still dealing with a dizzying array of exchange rates. Lebanon to sell unlimited US dollars to prop up collapsing pound 2023-03-21T04:00:00Z Mr. Tutkov said he took advantage of the exchange rate by using Russian banks that had not been placed under sanction to move some of his ad agency’s profits to Dubai. ‘Russia Outside Russia’: For Elite, Dubai Becomes a Wartime Harbor 2023-03-13T04:00:00Z As Lebanon's economy continues to collapse, an array of exchange rates for the local pound has emerged, complicating personal accounting and dimming hopes of fulfilling a reform requirement set out by the International Monetary Fund. As economy worsens, Lebanese juggle dizzying rates for devalued pound 2023-03-19T04:00:00Z Saab is charged with siphoning around $350 million out of Venezuela through the U.S. in a bribery scheme linked to Venezuela's state-controlled exchange rate. U.S. not negotiating new Venezuela prisoner swap despite appeal, say U.S. officials 2023-03-12T05:00:00Z People with dollar accounts could only to withdraw small sums in Lebanese pounds, at an exchange rate far lower than that of the black market. Lebanon’s pound hits a new low as banks go back on strike 2023-03-14T04:00:00Z Analysts said the central bank appeared to be moving to ensure the supply of dollars and would keep selling them to hold the official exchange rate steady, even though this risked burning through reserves further. Bolivia looks to calm dollar frenzy as shortage fears pressure FX 2023-03-09T05:00:00Z A tobacco house costs a producer around $20,000 at the official exchange rate. Cuba tobacco farmers recuperate after ruinous Hurricane Ian 2023-03-08T05:00:00Z To solve the exchange rate confusion, the government needs to implement one unified rate. As economy worsens, Lebanese juggle dizzying rates for devalued pound 2023-03-19T04:00:00Z However, such deposits can help firm up exchange rates for a nation’s currency against other currencies internationally. Saudi Arabia says it deposited $5B in Turkish central bank 2023-03-06T05:00:00Z They have promised to end policies that interfere with a floating exchange rate, including a government scheme that protects lira deposits against currency depreciation. Factbox: Turkey's anti-Erdogan bloc vows to reverse his legacy 2023-03-06T05:00:00Z With the Lebanese economy in shambles and its currency in free fall, Bazazo spends much of his time trying to keep up with a fluctuating exchange rate. Lebanon adopts ‘dollarization’ as currency, economy crumble 2023-03-05T05:00:00Z The pension fund will cooperate with foreign exchange authorities to deploy the measures in case of excessive volatility, acting according to prearranged plans when the dollar/won exchange rate reaches certain levels, he said. Exclusive: S.Korea pension fund ready to revive FX swap with cenbank 2023-03-05T05:00:00Z "Over the past five years, the exchange rate has been volatile, with a volatility rate of about 4%. And such a volatility rate is about the same as major economies," he said. Analysis: Chinese companies hang onto dollars, hedge to prepare for volatile yuan 2023-03-06T05:00:00Z Fed and BoC diverge with rate policy, raising the risk of imported inflation through the exchange rate. Bank of Canada to hold rates steady at 4.50% through this year 2023-03-03T05:00:00Z "It's possible in some very energy-intensive sectors, new activities will go the U.S. or maybe Asia, but we will gain in others just because the exchange rate will adjust," he said. Fears of European industry exodus to U.S. may be overdone 2023-03-03T05:00:00Z Caretaker Economy Minister Amin Salam said the Lebanese pound was “used and abused” over the past three years and that dollarizing grocery stores will bring some stability to fluctuating exchange rates. Lebanon adopts ‘dollarization’ as currency, economy crumble 2023-03-05T05:00:00Z "A predictable and stable foreign exchange rate is also advantageous to us," he said, adding that cooperation with foreign exchange authorities would be based on achieving good investment returns. Exclusive: S.Korea pension fund ready to revive FX swap with cenbank 2023-03-05T05:00:00Z "Overall, yuan exchange rate will remain basically stable at reasonable levels," he added at a March 3. news briefing. Analysis: Chinese companies hang onto dollars, hedge to prepare for volatile yuan 2023-03-06T05:00:00Z Egypt has pledged to uphold the IMF-guided reforms, including a free-floating exchange rate and lessening the military’s powerful grip on the economy — a significant concession. In Egypt, government and poor struggle with troubled economy 2023-02-28T05:00:00Z The exchange rate might face further pressure because more U.S. rate hikes are expected to cool economic activity and stubbornly high inflation while Beijing is easing lending controls to shore up sluggish economic growth. Officials: China real estate recovering from debt crackdown 2023-03-02T05:00:00Z A move to a market-based currency exchange rate regime is among the actions the IMF wants Pakistan to complete to clear its ninth review. Pakistani rupee touches record low, bonds fall as IMF talks drag 2023-03-02T05:00:00Z The ISG pointed out that Lebanon was "yet to conclude a financial program" and urged leaders to harmonize exchange rates and quickly adopt the laws required to restore confidence. Lebanon's international backers say 'unsustainable' status quo is paralysing state 2023-03-02T05:00:00Z The yuan had its worst year in 2022 since China unified market and official exchange rates in 1994, dropping nearly 8% as rising U.S. interest rates diverged from falling Chinese ones, supporting dollar gains. Analysis: Chinese companies hang onto dollars, hedge to prepare for volatile yuan 2023-03-06T05:00:00Z Soft domestic and global economic conditions and inflationary pressures, often caused by exchange rate weakness, were linked to subdued overall demand, according to the survey. South Korea Feb factory activity shrinks for 8th month 2023-03-02T05:00:00Z Meanwhile, the central bank governor said Beijing plans to keep the politically sensitive exchange rate of its yuan stable after it tumbled to a 14-year low against the U.S. dollar in September. Officials: China real estate recovering from debt crackdown 2023-03-02T05:00:00Z So too will a system of multiple foreign exchange rates that the International Monetary Fund says is subject to abuse and makes it difficult for investors to repatriate their money. Explainer: Nigeria election: what to expect from president-elect Bola Tinubu 2023-03-01T05:00:00Z Unifying the multiple exchange rates is one of several preconditions set by the International Monetary Fund for Lebanon to clinch a $3 billion aid package. Lebanon's international backers say 'unsustainable' status quo is paralysing state 2023-03-02T05:00:00Z Mehrabi said he believed the funds should only be used for achieving monetary stability and reducing volatility in Afghanistan's exchange rate. Swiss-based trust holds second meeting to discuss plans for Afghan funds -trustee 2023-03-01T05:00:00Z However, the rise in operating expenses remained sharp overall, largely pressured by a weak exchange rate and rising raw material prices. South Korea Feb factory activity shrinks for 8th month 2023-03-02T05:00:00Z The exchange rate “will remain basically stable at a reasonable and balanced level,” Yi Gang said at the event with Pan. Officials: China real estate recovering from debt crackdown 2023-03-02T05:00:00Z In February, it amended the exchange rate to match, so that the official government rate was 15,000 to the U.S. dollar. Lebanon plans to hike import tariffs for second time in three months 2023-02-28T05:00:00Z Another section looks at how higher commodity prices and the U.S. dollar exchange rate significantly affects the risk of stagflation - weak growth and high inflation - especially in developing market economies. BIS urges central banks to 'get the job done' 2023-02-27T05:00:00Z There is dual system of currency, dual exchange rates, restrictions on imports and double taxation on goods, according to the U.N. UN seeks $4.3 billion to cover Yemen 2023 humanitarian needs 2023-02-27T05:00:00Z A baht exchange rate of 34 to 35 per dollar is helpful for export prices despite falling export volumes, he added. Thai economy to grow 3.8% this year, inflation to ebb - minister 2023-02-25T05:00:00Z The central bank has tried to improve the financial system’s efficiency by making that mechanism more flexible but has backtracked to stop big changes in the exchange rate. Officials: China real estate recovering from debt crackdown 2023-03-02T05:00:00Z The cash-strapped country is undertaking key measures to secure the IMF funding, including raising taxes, removing blanket subsidies, and artificial curbs on the exchange rate. Pakistan set to increase interest rates in off-cycle review, say investors 2023-02-23T05:00:00Z When Freer studied at St. Andrews, the exchange rate was not in her favor. Can college abroad actually save you money? 2023-02-22T05:00:00Z There are several mobile exchange rate applications that have been the reference for the black market rate for years. Protesters in Beirut smash banks as Lebanese pound spirals 2023-02-16T05:00:00Z In January Maduro urged banks to give businesses loans indexed to the exchange rate so they can "produce goods, riches" but he did not mention other loans or consumer credit. Venezuelans say credit cards that were once lifeline now 'useless' 2023-02-13T05:00:00Z Implied volatility has also eased in the forex options market, suggesting an ebbing in bets on big shifts in the yen exchange rate. Weighing up Ueda, investors cool on hawkish BOJ bets 2023-02-13T05:00:00Z Multiple exchange rates, widespread insecurity and low oil production due to massive crude theft are all problems that worry investors. Explainer: What is at stake for investors in Nigeria's election? 2023-02-13T05:00:00Z Build some flexibility into your budget to account for exchange rate shifts, and consider studying in a country with a favorable exchange rate. Can college abroad actually save you money? 2023-02-22T05:00:00Z Lebanese authorities for years have failed to curtail the black market’s hold on the currency’s value, even as they have attempted to shut down informal exchange rate websites and mobile applications. Protesters in Beirut smash banks as Lebanese pound spirals 2023-02-16T05:00:00Z According to analysts, the government had been holding the bank's exchange rate artificially high behind the scenes which was contributing to the lack of dollars in the system. Pakistan seeks IMF bailout to stave off economic collapse 2023-02-09T05:00:00Z Local resident Felix Garcia, 60, retired from the military and disabled with epilepsy, said he and his wife live off 1,500 pesos a month, approximately $12.50 at the official exchange rate. A Cuban fishing village ponders its options as U.S. policy shifts 2023-02-08T05:00:00Z He plans to privatise the state oil company, ensure a greater role for the private sector in the economy, liberalise the exchange rate and provide more equipment to the military. Factbox: The candidates contesting Nigeria's presidential election 2023-02-06T05:00:00Z The country has already shifted back to a market-based exchange rate and hiked fuel prices - measures demanded by IMF. Pakistan, IMF grapple for consensus to unlock critical funding 2023-02-06T05:00:00Z Companies typically use FX forwards to lock in future exchange rates to minimize currency risks, allowing them to agree an exchange rate ahead of time. Analysis: Dollar's gyrations raise hedging costs for U.S. companies 2023-02-06T05:00:00Z As for economic, fiscal and financial reforms, Hennis-Plasschaert expressed concern at the increase in the exchange rate on the parallel market “adding to the pressure on everyday Iraqi women and men.” UN envoy: Iraq’s new leaders must keep fighting corruption 2023-02-02T05:00:00Z “So the exchange rate is unfair,” he added. Soaring Death Toll Gives Grim Insight Into Russian Tactics 2023-02-02T05:00:00Z He promises to triple power generation, dismantle a multiple-rate naira exchange rate regime, gradually wean the economy off its reliance on oil by ramping up agriculture output and exports, and better fund the military. Factbox: The candidates contesting Nigeria's presidential election 2023-02-06T05:00:00Z Excluding changes in the foreign exchange rate, Amazon says net sales increased 13% year over year. Amazon reports net loss of $2.7 billion for 2022 2023-02-02T05:00:00Z Some companies are using options to protect against losses caused by exchange rates. Analysis: Dollar's gyrations raise hedging costs for U.S. companies 2023-02-06T05:00:00Z Rising rates in Europe increase returns on holdings priced in euros, hiking demand for the currency and its exchange rate. European Central Bank set to outdo Fed with half-point hike 2023-02-02T05:00:00Z The Central Bank of Iraq requests dollars from the Fed and then sells them to commercial banks and exchange houses at the official exchange rate through a mechanism known as the “dollar auction.” Targeting Iran, US tightens Iraq’s dollar flow, causing pain 2023-02-01T05:00:00Z Some think keeping a floating exchange rate will ultimately help boost exports. Can Sri Lanka trade its way back to prosperity? 2023-02-01T05:00:00Z The dramatic measure is meant to stabilize the free-falling Lebanese pound and eliminate the multiple exchange rates that currently exist, a key demand of the International Monetary Fund for a bailout package for Lebanon. Lebanon sets new exchange rate, dramatically devalues pound 2023-02-01T05:00:00Z Lower demand from international clients reflected rising COVID-19 cases across mainland China as well as the impact of interest rate rises on the exchange rate, according to the survey. South Korea factory activity contracts in January at slightly milder pace - PMI 2023-02-01T05:00:00Z The IMF uses a concept called “purchasing power parity,” which tries to eliminate distortions in cross-country comparisons caused by currency values, while the bank relies on market exchange rates. Prospects for the global economy are improving, as worst fears fade 2023-01-30T05:00:00Z The exchange rate for the Iraqi dinar has jumped to around 1,680 to the dollar at street exchanges, compared to the official rate of 1,460 dinars to the dollar. Targeting Iran, US tightens Iraq’s dollar flow, causing pain 2023-02-01T05:00:00Z Aside from wanting the government to reduce its budget deficit, the IMF is pushing for it to move to a market-determined exchange rate regime. Pakistani rupee plummets as markets adjust to removal of unofficial controls 2023-01-26T05:00:00Z However, it’s unclear how the new rate will be implemented or reconcile a host of different exchange rates that exist for public sector salaries, fuel prices and different services, including telecommunications. Lebanon sets new exchange rate, dramatically devalues pound 2023-02-01T05:00:00Z On Wednesday, the street exchange rate was about 1,610 to the dollar. Hundreds in Baghdad protest devaluation of Iraq’s currency 2023-01-25T05:00:00Z Its multiple foreign exchange rates include an illegal one employed in backrooms by money-changers — a practice so entrenched that this so-called “blue dollar” rate is published daily in newspapers. Proposed Brazil-Argentina common currency is met with doubts 2023-01-23T05:00:00Z For months, socialist President Nicolas Maduro and his government was able to keep a lid on consumer price inflation with rigid economic policies, including anchoring the exchange rate, limiting public spending and increasing taxes. Venezuela's inflation slows to 234% in 2022, vice president says 2023-01-23T05:00:00Z Aside from moving towards a market-determined exchange rate, Islamabad has also announced it will take fiscal measures recommended by the IMF. Pakistani rupee plummets as markets adjust to removal of unofficial controls 2023-01-26T05:00:00Z It also will apply to withdrawals from dollar accounts, where customers have been withdrawing some of their trapped savings in the local currency, at an exchange rate far lower than market value. Lebanon sets new exchange rate, dramatically devalues pound 2023-02-01T05:00:00Z "More importantly the SBP is continuing with the policy of artificially maintaining an unrealistic exchange rate which has led the remittances to fall by an average of $500 million per month since July," he added. Pakistan cenbank raises key rate to rein in high inflation 2023-01-23T05:00:00Z Four days before the ship carrying the consignment was due at the port in Poland, Mr Mohan's client got cold feet as the exchange rate fluctuated. How Ukraine war led to a new Indian beer in Poland 2023-01-21T05:00:00Z For years, the exchange rate stood at a steady 1,500 lira to the dollar. Lebanon MPs sit in as 11th vote for president fails 2023-01-20T05:00:00Z And euro adoption means visitors won't have to dice with dodgy exchange rates at a hole-in-the-wall bureau de change. Croatia, the euro and a coffee controversy - but is it all just froth? 2023-01-18T05:00:00Z Lebanon’s initial economic boom in the post-civil-war years was eroded by conflict, political paralysis and corruption, while financial maneuvers that kept the exchange rate artificially low for years eventually collapsed. Lebanon sets new exchange rate, dramatically devalues pound 2023-02-01T05:00:00Z Total revenue growth at constant exchange rates was 7% for the quarter. Experian third-quarter revenue rises on steady demand for loans 2023-01-17T05:00:00Z Egypt promised it would shift to a “durably flexible” exchange rate when it reached an agreement with the IMF for a $3 billion financial support package in October. Foreign investors pour $925 million into Egypt since Wednesday 2023-01-16T05:00:00Z “They wanted me to pay in dollars at a terrible exchange rate,” he recalls. Advice | The great booking debate: Is direct better than a third-party site? "As exchange rates stabilise, that kind of moving of inflation from one country to another is likely to abate." Does easing US inflation point the way for the world? 2023-01-12T05:00:00Z The Finance Ministry already adjusted the customs exchange rate to 15,000 pounds for the dollar in December. Lebanon sets new exchange rate, dramatically devalues pound 2023-02-01T05:00:00Z Petroleo Brasileiro SA, as the company is formally known, updates natural gas prices on a quarterly basis, pegging them to international oil prices and foreign exchange rates. Brazil's Petrobras to cut natural gas prices by 11.1% 2023-01-10T05:00:00Z "Even if the depreciation pressure has diminished, two-way volatility in the yuan exchange rate will still be the norm in 2023," the Securities Times said. China state media warn of two-way volatility for yuan in 2023 2023-01-10T05:00:00Z For nine consecutive months, consumer price inflation was in the single digits thanks to strict policies implemented by President Nicolas Maduro's government, anchoring the exchange rate, limiting public spending and increasing taxes. Venezuela inflation accelerating, heightening risk of return to hyperinflation -economists 2023-01-05T05:00:00Z If the Fed is forced to take a tougher stance than expected, that could affect exchange rates - and borrowing costs in other countries, as other central banks feel pressure to follow suit. Does easing US inflation point the way for the world? 2023-01-12T05:00:00Z Tax collection, balance sheets of the struggling Lebanese banks are now to adjust their exchange rates, and eventually the 2023 state budget. Lebanon sets new exchange rate, dramatically devalues pound 2023-02-01T05:00:00Z A rush of COVID-19 vaccinations and testing helped results last year, and currency exchange rates hurt in the recent quarter. Opioid legal charge pushes Walgreens to $3.7B fiscal 1Q loss 2023-01-05T05:00:00Z The central bank increased the official exchange rate from 3,015 to 4,522 on Monday, apparently trying to entice people to use the official rate rather than trade in the black market. EXPLAINER: Why has Syria’s economic crisis hit a new low? 2023-01-04T05:00:00Z Cash flow into the country has dropped amid an exchange rate storm, with the government pausing cash payments in dollars to some suppliers, affecting the public sector. Venezuela inflation accelerating, heightening risk of return to hyperinflation -economists 2023-01-05T05:00:00Z Earlier this year, the official exchange rate was once 15.6 to the dollar. As Egypt’s economic crisis deepens, an affordable meal is hard to find 2022-12-26T05:00:00Z “This is not how you unify an exchange rate,” he added. Lebanon sets new exchange rate, dramatically devalues pound 2023-02-01T05:00:00Z Croatia joined the EU in 2013, but to adopt the euro the country had to fulfil a set of strict economic conditions, including having a stable exchange rate, controlled inflation and sound public spending. Croatia rings in New Year as fully integrated EU member 2022-12-31T05:00:00Z Former Petrobras CEO Joaquim Silva e Luna, who also served under Bolsonaro, recalled Prates as a harsh opponent of the current fuel pricing policy which pegs local fuel to international prices and foreign exchange rates. Petrobras' next CEO seen overseeing strategic shift with renewables focus 2022-12-30T05:00:00Z The budget assumed next fiscal year's exchange rate at 137 yen to the dollar, the weakest since 2010, in calculating fiscal 2023 budget spending for defence and diplomacy, the officials said. Japan unveils record budget in boost to military capacity 2022-12-23T05:00:00Z To adopt the euro, the country had to fulfill a set of strict economic conditions, including having a stable exchange rate, controlled inflation and sound public spending. On a roll: Croatia set for new currency, borderless travel 2022-12-22T05:00:00Z Organizers do not disclose the exchange rate they use for payments denominated in dollars. Audit finds Tokyo Olympic costs 20% higher than announced 2022-12-22T05:00:00Z "Insurance firms will be most affected by falling bond prices, whereas pension funds have most to lose from a stronger exchange rate. However, we doubt that lower investment returns carry systemic risks." Asia shares join Wall St bounce, yen keeps climbing 2022-12-22T05:00:00Z "The dollar exchange rate is likely to be very volatile today." Supreme Court ruling allows Brazil's Lula to proceed with increased welfare payments 2022-12-19T05:00:00Z Hiking the rate at which the customs fee is calculated, officials say, will boost state revenues and is a step towards unifying various exchange rates. Tariff hike squeezes struggling Lebanese as reforms stall 2022-12-18T05:00:00Z According to the IMF, the package will introduce wide-sweeping economic reforms, including a ‘’durable shift to a flexible exchange rate regime” and a ‘’monetary policy aimed at gradually reducing inflation.” IMF approves deal with Egypt for $3 billion support package 2022-12-17T05:00:00Z The exchange rate also is under pressure and Ghana has lost access to international capital markets, provoking a drawdown in foreign exchange reserves, she said. IMF agrees to give Ghana $3 billion debt bailout 2022-12-13T05:00:00Z This follows surprisingly weak trade and relatively soft inflation figures last week, and was enough to help push stocks and the exchange rate lower. Morning bid: China's loan danger 2022-12-12T05:00:00Z But she warns that inflation may offset the price declines — meaning higher prices at home could neutralize the amount of money you save on a more favorable exchange rate. 7 travel mistakes to avoid in 2023 2022-12-12T05:00:00Z "The last devaluation brought the Egyptian pound to fair value," said Charles Robertson of Renaissance Capital, adding that his model might not reflect the exchange rate as accurately immediately after a devaluation. Egypt's pound keeps falling on black market ahead of IMF meeting 2022-12-09T05:00:00Z Belarus' central bank said on Thursday it will remove the euro from its currency basket used to calculate the official exchange rate for the Belarusian' rouble. Pakistan FX reserves held by central bank fall to $6.7 bln 2022-12-08T05:00:00Z The anti-establishment candidate for Nigeria's presidency will reform its system of costly subsidies and unify the local naira currency's multiple exchange rates if elected in February, his manifesto released on Sunday showed. Analysis: South Africa's Ramaphosa still ANC's best hope despite scandal 2022-12-07T05:00:00Z Adjusting prices country by country and managing foreign exchange rates will be made easier, Apple said. Apple Expands Pricing for Apps 2022-12-06T05:00:00Z The dollar fell almost 1%, and if that weakness is replicated and maintained in the weeks ahead, a renewed slide in the yuan's exchange rate is one less thing Beijing has to worry about. Morning bid: Waiting on Beijing 2022-11-30T05:00:00Z In a statement issued by the cabinet on Friday, Kouchouk reiterated that the agreement with the IMF aimed to achieve a flexible exchange rate. Egypt's pound keeps falling on black market ahead of IMF meeting 2022-12-09T05:00:00Z Bustling WhatsApp groups discuss the informal exchange rate, which provides more pesos per dollar or euro than the official bank rate. Cuba’s informal market finds new space on growing internet 2022-11-27T05:00:00Z Using gold would prevent the exchange rate from directly impacting fuel or utility prices as domestic sellers would no longer need foreign exchange to import oil products, he explained. Ghana plans to buy oil with gold instead of U.S. dollars 2022-11-24T05:00:00Z "The strategy of lowering prices with the exchange rate frozen is not working," said economist Jose Guerra, who predicted that inflation in November could possibly return to double digits. Venezuela's anti-inflation efforts dealt blow as currency tumbles 2022-11-24T05:00:00Z The Swiss fund's statues indicate that disbursements will be for macroeconomic purposes, such as foreign exchange rate and price stabilisation. Swiss-based trust fund for frozen Afghan assets meets in Geneva 2022-11-21T05:00:00Z This deepens the problems that Asian markets and policymakers have been facing all year - historically low exchange rates, FX market intervention, rising inflationary pressures, and raising domestic interest rates into weak growth. Don't doubt the dollar 2022-11-20T05:00:00Z “China’s failure to publish foreign exchange intervention and broader lack of transparency around key features of its exchange rate mechanism make it an outlier among major economies and warrants Treasury’s close monitoring,” the report said. Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20 2022-11-12T05:00:00Z Malmqvist said because much of Polestar's cost base is in China, unfavourable exchange rates hit the company in the third quarter and will continue in the fourth. Polestar Q3 loss narrows, expects hit from rising costs 2022-11-11T05:00:00Z Both economists said the government may be fine with letting the exchange rate slide a little more, if it allows them to spend again. Venezuela's anti-inflation efforts dealt blow as currency tumbles 2022-11-24T05:00:00Z But the government, seeking to protect the central bank’s dwindling supply of U.S. dollars, requires importers obtain authorization to buy goods using the tightly controlled official exchange rate. Argentina mining sector threatened by shortage of key imports, industry group says 2022-11-10T05:00:00Z But Uchida said a volatile exchange rate was more of a risk because of Nissan’s widespread global operations. Nissan’s quarterly profit falls amid computer chip crunch 2022-11-09T05:00:00Z "The exchange rate tension returned earlier than expected." Argentina's reserves under pressure again after soy export bonanza ends 2022-11-08T05:00:00Z If either or both sell Treasuries outright to support their exchange rates, U.S. yields could spike up, tightening U.S. and global financial conditions. Morning Bid: Attention intervention 2022-11-07T05:00:00Z Poland's biggest retailer, has said it plans to raise prices by 7% to 19% to compensate for rising costs and exchange rate effects. Analysis: Runaway prices have central Europe on the ropes 2022-11-07T05:00:00Z “There was no feeling of an elephant in the room,” he said, adding that most attendees were more interested in global inflation and exchange rate risks, as well as economic upturn and downturn cycles. With slogans and CEOs, Hong Kong tries to recapture the spotlight 2022-11-04T04:00:00Z The exchange rate — around 75% — is inviting to U.S. tourists this fall, too. The Northwest’s 20 best wines for under $20 2022-11-04T04:00:00Z Days after she arrived in Europe in August, the euro fell to a one-to-one exchange rate with the dollar, a 20-year low, making it easier to compare prices, she said. As Dollar Strengthens, U.S. Students in Europe Feel the Benefits 2022-11-03T04:00:00Z This would be a rare and welcome bit of good news from China following months of negative headlines on the country's exchange rate, housing sector, financial markets and political outlook. Morning Bid: Full steam a-Fed 2022-11-01T04:00:00Z Fourth, the global economy is everywhere challenged by rising U.S. interest rates and a dollar exchange rate at record levels against some key currencies. Opinion | Curbing inflation comes first, but we can’t stop there 2022-10-31T04:00:00Z "The business environment is changing dramatically such as the rapid changes of foreign exchange rates, raising interest rates, soaring materials prices, and more," Toyota's chief accounting officer Masahiro Yamamoto told analysts. Toyota posts 25% profit slide, cuts FY output target to 9.2 mln 2022-11-01T04:00:00Z The exchange rate: Four or five free items — mainly topical quips and juicy morsels of gossip — earned you one item mentioning a client. Sy Presten, Press Agent So Old-Fashioned He Was News, Dies at 98 2022-10-30T04:00:00Z Kishida said Friday that the government was vigilantly monitoring movements in exchange rates. Japan Cabinet OKs $200B spending plan to counter inflation 2022-10-27T04:00:00Z Egypt's pound slid about 14.5% to a record low against the dollar on Thursday as authorities announced a $3 billion International Monetary Fund deal with a commitment to a "durably flexible exchange rate regime". Ukraine economy to shrink by almost 32% in 2022 - central bank 2022-10-27T04:00:00Z Because of exchange rates and rising energy prices, the amount of money it spent on imports last month jumped by 46%. Sliding yen: What is happening to the Japanese currency? 2022-10-27T04:00:00Z Taking out the impact of changes in foreign exchange rates, Amazon says sales increased 19%. Amazon stock has double-digit drop as it prepares to ‘tighten its belt’ 2022-10-27T04:00:00Z Allowing exchange rate flexibility, the bank said in its statement, “will serve as a catalyst for the rejuvenation of economic activity in the medium term.” With Economy Reeling from Ukraine War, Egypt Secures $3 Billion I.M.F. Loan 2022-10-27T04:00:00Z The bank also must keep an eye on the euro’s sagging value against the U.S. dollar, although the ECB says it does not target any particular exchange rate. Europe likely to see another jumbo interest rate increase 2022-10-27T04:00:00Z The company on Tuesday forecast current-quarter sales below Wall Street estimates after missing third-quarter earnings expectations, dented by higher operating costs and a hit from foreign exchange rates. Skechers says escorted Ye out of LA office after rapper arrived 'unannounced' 2022-10-26T04:00:00Z Combined with the good exchange rate, it makes a trip here attractive even to lower earners, because their money goes a long way. Lebanon: Iraqi tourists provide unlikely boost for failing economy 2022-10-25T04:00:00Z Is the central bank losing its ability to control the exchange rate? Morning Bid: This is the yuan 2022-10-25T04:00:00Z The currency fell further this morning after the People’s Bank of China set the onshore exchange rate against the dollar at a 14-year low. Adidas Cuts Ties With Kanye West 2022-10-25T04:00:00Z Reasons for the dropping exchange rate include higher U.S. interest rates that attract money into investments priced in dollars and, more broadly, the dwindling prospects for Europe’s economy. Europe likely to see another jumbo interest rate increase 2022-10-27T04:00:00Z Air Liquide confirmed its outlook for the year, of a further increase in its operating margin, and recurring net profit growth at constant exchange rates. Air Liquide flags slowing demand in Europe as Q3 sales slightly beat expectations 2022-10-25T04:00:00Z In constant currencies, which removes the impact of exchange rate swings, sales was down 7%. Logitech's quarterly sales down 12%, CFO to depart 2022-10-25T04:00:00Z The official exchange rate was 2,100 kyats per dollar on Friday. Myanmar downplays blacklisting by money laundering watchdog 2022-10-24T04:00:00Z Egypt since March has been negotiating a financial support package with the International Monetary Fund, which has long urged it to adopt a more flexible exchange rate. Egypt to develop new currency indicator to wean people off U.S. dollar 2022-10-23T04:00:00Z “But I didn’t notice the exchange rate and the markup.” Advice | Using the wrong ATM in Europe could cost you hundreds of dollars "Most of the supplies for independent beer producers are imported, so the rising exchange rate is a problem and also the supplies are expensive due to shortages." Mexican craft beer to gain ground despite soaring costs, says trade group 2022-10-22T04:00:00Z A Tinubu government would also review the existing exchange rate regime that has seen the premium between the naira's official and parallel rate widen this year. Nigeria's Tinubu: Will remove fuel subsidy, deregulate gas prices if elected 2022-10-21T04:00:00Z American carriers also have a lower exposure to exchange rate risks as the bulk of their revenue tends to be dollar-denominated. U.S. carriers add transatlantic flights for travel-hungry consumers 2022-10-21T04:00:00Z Revenues also grew in North America, the company's biggest market, where it posted sales of 3.01 billion, a 3.4% rise at constant exchange rates. Ray-Ban maker EssilorLuxottica's sales rise as Asia-Pacific rebounds 2022-10-21T04:00:00Z It requires an in-person visit, and your bank may also offer a less favorable exchange rate when you buy foreign currency. Advice | Using the wrong ATM in Europe could cost you hundreds of dollars Because of the worsening exchange rate, he can't afford to buy books and paper from his suppliers, he said. Ghana traders close shops to protest worsening economy 2022-10-20T04:00:00Z The blossoming of parallel foreign exchange rates has gained pace in recent weeks, becoming the target of memes online, one calling the array a "tutti-frutti". In Argentina, controls spawn soybean and 'Netflix' currency rates 2022-10-19T04:00:00Z Half of Malawi's IMF quota is equivalent to about $54.4 million at current exchange rates on the fund's website, and would be the maximum it can request for this emergency financing. Malawi close to sealing $54 mln IMF emergency funding for economic shock 2022-10-18T04:00:00Z The collective exchange rate hit, including on companies in the United States, Canada and Mexico, was a whopping $34.25 billion in the second quarter of this year. Currency hit to N. American companies seen 'bad' after rough Q2 -report 2022-10-18T04:00:00Z Mine was to head to a bank ATM, which may give you a better exchange rate. Advice | Using the wrong ATM in Europe could cost you hundreds of dollars Georgieva told a news conference that the two sides were still working on smaller technical details, but these were not trivial matters and involved Egyptian exchange rate policies. IMF chief Georgieva says 'big policy issues' resolved in talks with Egypt 2022-10-15T04:00:00Z "All these different exchange rates shows a political desperation for dollars," said Eduardo Maehler, 37, a self-employed worker in Buenos Aires. In Argentina, controls spawn soybean and 'Netflix' currency rates 2022-10-19T04:00:00Z With the might of the government behind them, Japanese firms went on a shopping spree in the 1980s, encouraged by the favourable exchange rate. Fujitsu: How a Japanese firm became part of the Post Office scandal 2022-10-13T04:00:00Z The dollar’s exchange rate has been rising against other currencies due to the Fed’s rate hikes and recession fears. Asian stocks fall ahead of US inflation update 2022-10-12T04:00:00Z Many customers also fail to notice unfavorable exchange rates that allow some companies to cash in. Advice | Using the wrong ATM in Europe could cost you hundreds of dollars The central bank said it has ample policy room, many tools and "rich experience in effectively managing market expectations, and safeguarding exchange rate stability". China central bank says will 'resolutely' curb big currency swings 2022-10-11T04:00:00Z But there was a big increase even after adjusting for nominal exchange rate changes in the yen, he said. Japanese foreign currency deposits rise at fastest rate since 2015 2022-10-11T04:00:00Z “We are also very aware that the cross-border effects of unexpected movements in interest rates and exchange rates, as well as worsening external imbalances, in some cases could interact with financial vulnerabilities,” she noted. Fed’s Vice Chair Nods to Global Risks but Stays Focused on Inflation 2022-10-10T04:00:00Z The prompted expectations Japan’s central bank might intervene again to prop up the yen’s exchange rate following an earlier intervention in September. Asian stocks fall ahead of US inflation update 2022-10-12T04:00:00Z I routinely hear from readers who report fees and surcharges that almost make the exchange rate from the ATM in Greece look like a bargain. Advice | Using the wrong ATM in Europe could cost you hundreds of dollars With favorable exchange rates, some are purchasing condos in the multi-storied towers that soar up the verdant slopes. Medellín, Colombia: From murder capital to growing tourist draw 2022-10-10T04:00:00Z She said G7 wealthy democracies have "committed to market-determined exchange rates. But we are attentive to the political consequences of exchange rate movements." Yellen calls for World Bank revamp to tackle global challenges 2022-10-06T04:00:00Z The exchange rate is fixed to the pound at a specific level - so the cap is not affected by the recent reduction in the value of sterling. FIA delays publication of its budget cap inquiry 2022-10-05T04:00:00Z Many Asian central banks that used to keep their exchange rates in line with the greenback now allow them to fluctuate with market forces. Businesses Brace for Currency Chaos in Asia, a Region With a History of Crisis 2022-10-04T04:00:00Z Although the exchange rate didn’t look great, he didn’t run the numbers before accepting his withdrawal. Advice | Using the wrong ATM in Europe could cost you hundreds of dollars Russian businesses say a strong currency dents their competitiveness and the government favours an exchange rate of 70-80 against the dollar. Russian business lobby calls for c. bank to accelerate yuan reserves 2022-09-30T04:00:00Z The exchange rate is fixed at $1.2961 to the pound - so the cap is not affected by the recent reduction in the value of sterling. Budget cap breach 'speculation' say Red Bull 2022-09-30T04:00:00Z “I thought he was clever about currencies and exchange rates, but it turned out he’d been doing other things,” she explains. Review | ‘The Complicities’ tackles the large and small ways we ignore misdeeds 2022-09-24T04:00:00Z While that means more volatile exchange rates, it also relieves some pent-up pressure that can trigger a collapse. Businesses Brace for Currency Chaos in Asia, a Region With a History of Crisis 2022-10-04T04:00:00Z "There are so many variables at play - energy, freight, employment, tax, economic migration, exchange rates... Today, more than ever, it is not possible to predict the future on the basis of the past," he said. Next warns weaker pound could prolong cost of living pressures 2022-09-29T04:00:00Z The government also announced a raft of tax cuts and help on energy costs for both consumers and businesses, but the pound/U.S. dollar exchange rate has fallen to almost parity, raising the price of imports. UK's Next cuts profit forecast as shoppers feel the squeeze 2022-09-29T04:00:00Z The sterling/dollar exchange rate – which slumped to a record low this week – has reduced the affordability of the already pricey Golden Gate City for the couple, forcing them to economize on some holiday luxuries. Breakfast in, shopping out: tourists to the U.S. hit by soaring dollar 2022-09-29T04:00:00Z "We can also save in roubles, but then there will be no impact on exchange rate ratios," Siluanov said. Russia sets new budget rule, may resume FX interventions this year -FinMin 2022-09-28T04:00:00Z To shore up the exchange rate, Beijing cut the amount of foreign currency deposits Chinese banks are required to hold as reserves to 6% from 8% as of Sept. 15. China’s yuan slides to 14-year low after US rate hikes 2022-09-28T04:00:00Z Chinese regulators have asked banks to revive a counter-cyclical factor in their daily fixing rates for the yuan exchange rate, which could help slow the currency's decline. Contagion stations 2022-09-27T04:00:00Z On Monday, the pound dropped to a record low against the U.S. dollar, and analysts began to predict it would soon reach parity, or a one-to-one exchange rate. British Central Bank Will Have ‘Significant’ Response to Government’s Fiscal Plans 2022-09-27T04:00:00Z "The exchange rate has been the biggest topic of conversation since we got here," said Jeff Skipper, 50, an electrician. Breakfast in, shopping out: tourists to the U.S. hit by soaring dollar 2022-09-29T04:00:00Z "We of course as exporters do not want a strong exchange rate, but we don't want sharp fluctuations either." Russia sets new budget rule, may resume FX interventions this year -FinMin 2022-09-28T04:00:00Z That increases the amount of dollars and other foreign currency available to buy yuan, which should push up the exchange rate. China’s yuan slides to 14-year low after US rate hikes 2022-09-28T04:00:00Z The source, who is familiar with the yuan rate-setting process, said monetary authorities were prodding banks to include the so-called counter-cyclical factor in their daily fixings for the tightly-managed exchange rate. Exclusive: China prepares to tweak yuan fixing process to slow its fall -source 2022-09-27T04:00:00Z “The incentive to not having enough money in the market is that your exchange rate stays high against the U.S. dollar,” Zaland said. Afghanistan's money is crumbling to pieces, just like its economy 2022-09-27T04:00:00Z "I have been here four weeks. The change in exchange rate is round about 5% so I will get 5% more. It enables me to buy another pint," he said, with a wry smile. A tale of two cities as Londoners mourn, tourists cheer pound's slide 2022-09-26T04:00:00Z Officials view the approval of a higher exchange rate for imports as a move that would be unpopular with their constituencies in the heavily import-dependent country. Lebanon parliament passes 2022 budget that falls short of IMF reform 2022-09-26T04:00:00Z Poor countries often have no choice but to repay loans in dollars, no matter what the exchange rate was when they first borrowed the money. The Dollar Is Strong. That Is Good for the U.S. but Bad for the World. 2022-09-26T04:00:00Z She was previously an academic who focused on emerging markets, exchange rates and trade, and also was a director at the Chicago Fed for nine years. Fed's Collins sees inflation fight costing jobs; recession not inevitable 2022-09-26T04:00:00Z "Currency exchange rates ... are now violent in their moves," said David Kotok, chairman and chief investment officer at Cumberland Advisors. Analysis: After feverish week, global investors lick wounds and brace for more chaos 2022-09-25T04:00:00Z Many people don't think about exchange rates until it's time to swap money for a foreign holiday. Exchange rates: Why has the value of the pound tumbled? 2022-09-23T04:00:00Z The local currency also looks set for the biggest annual loss since 1994, when China unified official and market exchange rates. Explainer: What's inside China's toolbox to rein in excess yuan weakness? 2022-09-21T04:00:00Z On Monday, Syria further weakened its official exchange rate to the U.S. dollar by roughly seven percent. Exclusive: Climate change, conflict decimate Syria's grain crop 2022-09-20T04:00:00Z Global household wealth expanded 12.7% in 2021, the fastest annual rate ever recorded excluding exchange rate factors, according to a report issued by Credit Suisse on Tuesday. Household wealth saw record growth in 2021, expected to slow in 2022: Credit Suisse 2022-09-20T04:00:00Z It's not just the levels many key bond yields and exchange rates find themselves at, it is how fast they have gotten there. Morning Bid: Rates, rates, rates 2022-09-18T04:00:00Z When people talk about the pound rising or falling, it means it can buy more or less of a foreign currency because the exchange rate has changed. Exchange rates: Why has the value of the pound tumbled? 2022-09-23T04:00:00Z "The yuan exchange rate level itself is not the most important, the nature of the issue is whether China's cross-border capital flows remain stable," said Zhong Zhengsheng, chief economist at Ping An Securities. Explainer: What's inside China's toolbox to rein in excess yuan weakness? 2022-09-21T04:00:00Z The banks have forced depositors with U.S. dollar accounts to withdraw their money in Lebanese pounds instead and at an exchange rate far below the market rate. Desperate Clients Hold Up Lebanese Banks to Get Their Own Cash 2022-09-16T04:00:00Z The central bank recently called lenders to ask about exchange rates, considerd one of the final steps before a currency intervention. Take Five: A central bank bonanza 2022-09-16T04:00:00Z Yet, no mention of exchange rates found its way into the very single-issue communique. Column: G7 could give FX more attention: Mike Dolan 2022-09-16T04:00:00Z Much of the daily fluctuation in the exchange rate is because of these actions of the speculators and their confidence in a country's economic prospects. Exchange rates: Why has the value of the pound tumbled? 2022-09-23T04:00:00Z Men look at an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar and Nikkei share average in Tokyo, Japan September 14, 2022. Analysis: 'It's a car with broken brakes': investors see unrelenting yen descent 2022-09-16T04:00:00Z "We don't take our decisions, especially mid- and long-term decisions based on the foreign exchange rate," he said. Foreign exchange doesn't determine long-term planning, Nissan COO says 2022-09-15T04:00:00Z Employees of the foreign exchange trading company Gaitame.com are reflected on monitors displaying the Japanese yen exchange rate against the U.S. dollar at its dealing room in Tokyo, Japan September 7, 2022. Japan's solo FX intervention won't be that effective - ruling party official 2022-09-15T04:00:00Z A screen shows the Brazilian real-U.S. dollar and several other foreign currencies exchange rates in Rio de Janeiro, Brazil March 12, 2020. Brazilian ministry plans target for foreign reserves -sources 2022-09-14T04:00:00Z Employees of the foreign exchange trading company Gaitame.com work in front of monitors displaying the Japanese yen exchange rate against the U.S. dollar at its dealing room in Tokyo, Japan September 7, 2022. Explainer: What would Japan's currency intervention to combat a weak yen look like? 2022-09-14T04:00:00Z However, the rate of inflation rose again in August due to higher public spending and the depreciation of the local bolivar currency, countering government efforts to tame inflation by stabilizing the exchange rate, analysts said. Venezuela inflation accelerates to 8.2% m/m in August 2022-09-14T04:00:00Z It said the company was expected to incur an “additional loss” of up to 550 million euros, depending on the euro-ruble exchange rate. Volkswagen truck units selling Russia business activities 2022-09-13T04:00:00Z "If there is more volatility in the exchange rate there will be more volatility in the fuel price," Maroun Chammas, a member of the Association of Petroleum Importing Companies, told Reuters. Lebanon central bank stops providing dollars for gasoline imports 2022-09-12T04:00:00Z This would directly interfere with the exchange rate policy that is entirely the responsibility of the central bank. Brazilian ministry plans target for foreign reserves -sources 2022-09-14T04:00:00Z But the central bank is independent and by law obliged to attend to inflation and the state of the economy, not the exchange rate. Analysis: BOJ is nowhere near shifting monetary policy to support yen 2022-09-12T04:00:00Z Poll participants also expected the average official exchange rate in Argentina in December to reach 170.11 pesos per U.S. dollar, though Argentine traders have increasingly turned to black market foreign exchange. Argentina's inflation rate expected to hit 95% this year 2022-09-09T04:00:00Z Sales have spiked this week to some 3.6 million tonnes since the new exchange rate, dubbed the "soy dollar", came into effect on Monday. With carrot and stick, Argentina government drives soy sale bonanza 2022-09-09T04:00:00Z On Sunday, Economy Minister Sergio Massa set a preferential exchange rate for soybean producers, sending soybean exports surging earlier this week. Argentine soy farmers who hoard stock to face higher financing costs, central banks says 2022-09-08T04:00:00Z A central bank source criticized the idea, saying the exchange rate was "an external variable, you have no control over it." Brazilian ministry plans target for foreign reserves -sources 2022-09-14T04:00:00Z |
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