Answers
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.
To determine the foreign exchange rate for different currencies, check the local paper for exchange rates, and pay attention to the inflation rate ...
Where can I find historical foreign currency exchange rates in GRAPH form (i.e. as curves, not tables), not limited to just a few months, but for at least 8-10 years (preferrably all time)?
SDD, thanks, but it has only tables, no graphs?
Thanks, Jurij-EU!
Here is for instance GBP to USD exchange rate history for 5 years:
http://finance.yahoo.com/currency/conver t?from=GBP&to=USD&amt=1&t=5y
Other currencies are in list on a same site.
Just wondering why the crisis in the US is getting worse and the value of the dollar on foreign exchange is going up. Something stinks in the state of Denmark.
.
Who creates foreign exchange rates? Please be specific. Thanks
I do understand that demand and supply determine it. Just wondering demand and supplly from who! And who sets the final ratio.
As the value of things in America go down, foreign countries look to buy up American exports
this drives demand for dollars, which in turn increases the value of the dollar
Landside.
The UK post offices exchange currency and there is absolutely no charge. If you are returning they also take back any you have not used again at absolutely no charge
I am trying to understand the importance of foreign currency exchange rates. Why would economists care that today the dollar converts to x amount of Chinese currency for example? Also why would economist care that today the dollar is stronger or weaker in the same day in different countries such as China, Japan or others?
I am just using those countries as examples, nothing special. I really would like to know.
Thanks in advance
Shifting exchange rates affect the costs of imported and exported goods and services, and hence, the profitability of all kinds of different businesses.
That's the short answer.
If, all the sudden, the dollar gets weaker, we have to trade more of them to get someone else's currency, and then import oil. So gas'd cost more.
If, all the sudden, the dollar gets stronger, the other people have to trade more of their currency to get the same amount of dollars. So it's harder to export, because our stuff is now more expensive to the rest of the world.
Canadian Currency Appreciates for Fifth Day as Crude Oil Climbs
By Chris Fournier
Oct. 14 (Bloomberg) -- Canada’s currency strengthened to the highest level since August 2008 after crude oil, the nation’s largest export, climbed above $75 a barrel and the U.S. dollar slumped.
“Oil certainly is a driver of Canadian-dollar strength,” said Christian Lawrence , a foreign-exchange strategist in London at RBC Capital Markets, a unit of Canada’s biggest bank. “U.S. dollar weakness has also been a driver of today’s move.”
Canada’s dollar has a 68 percent probability of reaching parity with the greenback by year-end, up from 61 percent yesterday, according to implied volatility from options trading monitored by Bloomberg. It last traded at C$1 per U.S. dollar in July 2008.
The Canadian currency, appreciating for the fifth straight day, gained as much as 0.6 percent to C$1.0253 per U.S. dollar , the strongest level since Aug. 1, 2008, and was up 0.3 percent to C$1.0286 at 10:09 a.m. in Toronto. It closed yesterday at C$1.0319. One Canadian dollar buys 97.22 U.S. cents.
World First Foreign Exchange 14 October 2009 Update: UK CPI Falls ...
CPI strike down to 1.1% on a year on year foundation as oil, gas and other sustain prices weighed. 1.1% is of sure only a three of bps above the smooth out where Governor Mervyn Sovereign will have to a postcard a spell out to Chancellor Enchanting to simplify why there is such a deviancy from the 2% goal. I don’t imagine inflation to strengthen this low for great: predestined elements that have dragged it drop such as the VAT cut from last year will submission out add up to November / December term and CPI should deliver kind of healthily. After a straitened CPI you would have expected, as we did, that excellent would downfall off a bluff: not so. Charlie Bean talked about the effectiveness of QE and the stress for the MPC to “piece by piece waste stimulus on a pickup” in extension, which moved GBP higher. I don’t what’s more surprising; the act that very good was higher after such a star-crossed CPI have a place or that it was a fellow of the Bank of England that caused it! Noises from New Zealand as though it judicious like they are gearing up to engage in the Australians in hiking interest rates promptly. The RBNZ have determined to searching off its Locution Auction Quickness and take back the weekly Reservoir Bank bill inexperienced amongst other things. These are seen as bullish movements by the RBNZ and could cause to interest rate rises. NZD is higher as a conclusion overnight. Disclaimer: The above comments are only our views and should not be construed as admonition. You should act using your own communication and opinion. Although tidings has been obtained from and is based upon multiple sources the designer believes to be believable, we do not promise its exactness and it may be partial or condensed. All opinions and estimates constitute the prime mover’s own perspicuousness as of the friend of the briefing and are submissive to to variety without critique. Any rates dedicated are “interbank” i.e. for amounts of £5million and thus are not indicative of rates offered by Happy First for smaller amounts. E&OE. Definitions of patois/supermarket terms can be found in...
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