Answers
What are the factors that are considered while calculating foreign exchange rate in Indian perspective?
Rather than reproduce what is done... Here is a good website that explains (1) what an exchange rate is, (2) why and how arbitrage affects rates, and (3) the forces that affect the supply and demand, the determinants, of exchange rates.
http://economics.about.com/cs/money/l/aa 022703a.htm
To determine the foreign exchange rate for different currencies, check the local paper for exchange rates, and pay attention to the inflation rate ...
How can we estimate foreign exchange rate between 2 countries for the next 6 months
thanks
look at the rate exchange(avg) between those two countries in the last 6months.you dont really have to look that far back if they are large stable countries(i know we really cant say that right now!!)who have a good trade history.
Pick a country and tell me about the exchange rate of the U.S. dollar versus that country. Has the exchange rate changed recently? Why?
In finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 123 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 123 is worth the same as USD 1. The foreign exchange market is one of the largest markets in the world. By some estimates, about 2 trillion USD worth of currency changes hands every day.
What is the foreign exchange rate for cash when we are trying to convert pound (UK) to Rupee (India)
1 GBP is worth about 77.89 Rupees on the exchange. When you're trying to exchange petty cash, obviously, the rates are going to be slightly worse. It really depends on the place where you're going to be changing them. Typically, the best rates are from ATM machines (if you ignore the ATM fee) and from credit cards, so if you can use either of those places, go for it. I'm not sure if they have Amex offices in India, but if they do have one, those are almost as good. Beyond that, it's kind of vague what the merchants are actually charging. I'm guessing you might get anywhere from 70ish to 75 Rupees.
I have been asked to find out The Post Office and Thomson (travel agent)'s current foreign currency exchange rate.
I am on work placement working with First Choice Holidays and they have asked me to research this but its very tedious as they said I would have to ring them for some reason but do you know what PO and Thomson's exchange rate is?
For Euro and US Dollar.
Helen C, I found a website of US foreign currency exchanges. http://www.whatisforextrading.com Try visiting one of them and see if they have a service representative that can assist you.
Dollar's Decline Makes Oil 'Too Cheap' at $80: Chart of the Day
By Jana Randow
Oct. 22 (Bloomberg) -- Oil is “too cheap” and should rise to $88 a barrel in coming months after the dollar’s decline against the euro, a DekaBank study suggests.
The CHART OF THE DAY shows how oil prices, in yellow, have moved in relation to the euro-dollar exchange rate, in blue. DekaBank says that at an exchange rate of $1.50, oil should cost $88 a barrel. The euro rose to $1.50 yesterday, a 14-month high, while oil cost $80 per barrel, the most in 12 months.
“Oil is too cheap at the moment,” said Christian Melzer , a Frankfurt-based foreign exchange analyst at DekaBank, which manages more than $240 billion in assets. The study shows that over the last 10 years “oil prices have adjusted to changes in the euro-dollar exchange rate,” he said.
The euro has gained 20 percent against the dollar since mid-February. In the same period, the oil price has surged 125 percent. Crude peaked at $147 a barrel in July 2008 before collapsing to $34 on Feb. 12.
Henkel - Henkel posts a strong third quarter
Sales spread of 3.0 percent to 3,358 million euros Robust methodical sales tumour of 6.0 percent Operating profit (EBIT): +12.0 percent to 359 million euros Net earnings for the territory: +12.9 percent to 245 million euros
“Developments during the third neighbourhood have brought us important big name. We were especially on cloud nine with our profound integral sales progress, to which once again all our problem sectors contributed, and with the abundant upswing in earnings. There was also further zealous flourishing in the sales generated in our development regions,” said Ulrich Lehner, Chairman of the Supervision Embark on of Henkel KGaA. “In seascape of this encouraging obligation play, we now foresee our biological sales broadening rate for 2007 to be in the go of 5 to 6 percent. We further forestall an spread in operating profit – adjusted for foreign exchange – in over-abundance of methodical sales evolvement.”
In the third spot of 2007, Henkel reported sales of 3,358 million euros, an flourish of 3.0 percent above the frank of the one-time-year term. Biotic sales crop, i.e. extension adjusted for foreign exchange and acquisitions/divestments, was a exceptionally gratifying 6.0 percent. All problem sectors again contributed to this clear-cut expansion. Laundry & Retreat Control posted a benign 4.3 percent in natural crop. Cosmetics/Toiletries continued its hard-nosed course, achieving a principally forceful 7.3 percent addition. And in the Adhesives Technologies trade sector, the systematic swelling rate was a heavy-duty 6.4 percent.
Operating profit (EBIT) was 359 million euros, an multiplication compared to the quondam-year phase of the moon of 12.0 percent, or 13.0 percent after adjusting for foreign exchange.
At 10.7 percent, recurrence on sales (EBIT) was 0.9 piece points above the supine of the earlier-year compassion. Recompense on wherewithal employed (ROCE)
News
BOC: Intervention in Foreign-Exchange Market 'An Option'Wall Street Journal - Oct 22, 2009
CBC.caBOC: Intervention in Foreign-Exchange Market 'An Option'OTTAWA -- Bank of Canada Governor Mark Carney said Thursday that intervention in the foreign-exchange market is "always an option" to lower Canada's Dollar Weakens as Bank Governor Says It's Too StrongCANADA FX DEBT-C$ lower as BoC warnings on strength lingerThe talking cure for the currencyall 1,271 news articles »
Bloomberg - Oct 22, 2009
Washington PostDollar's Decline Makes Oil 'Too Cheap' at $80: Chart of the DayThe CHART OF THE DAY shows how oil prices, in yellow, have moved in relation to the euro-dollar exchange rate, in blue. DekaBank says that at an exchange Crude falls as dollar rebounds, stocks dropWhy the oil price must rise as the $ falls.The United States: Land of the Setting Sunall 2,789 news articles »
Wall Street Journal - Oct 22, 2009
BRASILIA (Dow Jones)--Reacting to widespread speculation over the direction of foreign exchange policy, Brazil's central bank late Wednesday affirmed that a Brazil's New Investment Tax: A Political Perspectiveall 12 news articles »International Business Times - Oct 23, 2009
MiamiHerald.comPurchases jumped 9.4 percent to a 5.57 million annual rate, more than forecast and following a 5.09 rate in August. The greenback rallied against sterling Yuan Peg Spurs Exports, Luring Pimco as Dollar SinksOp-Ed Columnist The Chinese DisconnectOn the Dollar's Declineall 281 news articles »
Business Wire (press release) - Oct 22, 2009
Excluding the $41 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 29% and more »