Answers
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.
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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
www.fairfx.com - Stephen Heath, Chief Executive of the company behind the FairFX Travel Money Card calls for greater transparency in the foreign ...
I will be traveling outside of the US and was not sure if banks here will offer foreign currency in exchange for dollars, otherwise where can I get it?
foreign exchange or a bank. You are guaranteed to be able to change American($)dollars or Sterling(£)pounds in any country in the world
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.
I have some foreign coins like Canadian $1 and $2 coins. Anyone know if any currency exchange booths at LAX will exchange coins?
Yes but I believe they may only be located within the international terminal, in which case you would need to be a ticketed passenger. I suggest you try your bank. If they won't do it simply google currency exchange for your area then call around to make sure they accept coins.
My flight will arrive past 12 midnight via budget carrier. I need to change US$ into SG$. Does Changi Airport have a foreign currency exchange counter or bank? Do they operate 24 hours a day or at least operate up to 1am?
Yes, I understand it's not good rates. I just want to change enough to pay for the fare from the airport to the hotel.
How about the budget terminal? My flight is Tiger Airways which uses the budget terminal.
Yes there are 24/7 forex counters in all the Changi airport terminals including the Budget terminal.
RHB Bank is the forex counter operator in Budget Terminal
American Express (+65 6880 1111) and UOB Bank is the forex counter operators in Changi
Dollar Slump 'Mega-Bullish' for Euro Corporate Bonds, BNP Says
By Caroline Hyde
Oct. 13 (Bloomberg) -- The shift out of dollar into euro- denominated assets by central banks around the world will help extend the rally in European corporate bonds, according to analysts at BNP Paribas SA.
The yield premium investors demand to buy lower-rated notes in euros instead of government bonds will tighten, BNP Paribas forecasts, boosting the record 13 percent returns that corporate bonds in the region earned this year. European company debt yields 1.82 percentage points over benchmarks compared with 4.63 in March, Merrill Lynch & Co. index data show.
“This is a mega-bullish indicator,” Mehernosh Engineer , a credit strategist at BNP Paribas in London, wrote in a note to investors. “This is a new technical bid for European fixed- income assets in its infant state and probably at the beginning of a very large trend.”
Central banks are snubbing dollars on concern asset values will be eroded as the Treasury sells debt to fund its mounting budget deficit. The dollar’s share of foreign exchange reserves fell to 62.8 percent at the end of the second quarter, the lowest level since 1999, according to the International Monetary Fund. Almost two-thirds of new foreign-currency holdings were invested into euros and yen in the second quarter, Barclays Capital data show.
World First Foreign Exchange NZD / AUD Update: 12 October 2009 ...
What started as a hundred-metre sprint has turned into a four hundred-metre interference for the AUD, in February this year, the currency was at levels of AUD/USD 0.6300 and the Aussie hasn’t been masterful to curb itself since.
The week started off the back of down non-croft die payrolls being recompense by Goldman Sachs announcing it was bullish on hazardous assets and with the G7 preferring to ‘not’ criticise USD bent over the weekend, all uncontested for the AUD.
Then came Tuesday. The RBA advertisement that the overnight gelt berate would be increased (25constituent points) to get interest rates off the 49 year beat to 3.25% shocked almost all economists surveyed as Governor Glenn Stevens and Co. tightened the mother country’s financial programme belt, the first in the G20 to do so.
The RBA live has maintained a hawkish upon on the mightiness of the townswoman curtness saying there was no longer a ‘gamble of serious trade contraction’. The status hike boosted commodities, in especially Gold (18month apex; $1,063/ounce) and Oil ($71.66/barrel), which both put on millstone from USD bent.
Statistics get wise to, the unemployment individual unexpectedly prostrate for Australia (5.7%), 40,000 jobs were gained rather than the anticipated 10,000 frantic, supporting a turnaround in the resident saving and the class hike two days earlier.
Clobber stimulus over the extended course, which doesn’t detract from unsocial sector cultivation, unemployment, domination in hock levels and monetary organization resolve will be key measures of achievement for governments and essential banks akin. This week however, the Australians took the outstrip in the worldwide currency movements.
The week in front in Australia The NZD started the week performing well off the back of a convincing abroad high-mindedness deal in dispatch, and Subsidize Preacher Bill English has been lamenting over the change the stronger Kiwi is having on exports trade it ‘definitely a contest’.
The mercantile facts was sure for the advance in New Zealand with ANZ Commodity Prices (6.8%), NZIER Duty Coolness (36) and Accept Practical joker Spending 0.7% all sport than expected which helped shoulder the currency higher against the GBP, EUR and USD.
...News
UPDATE 2-China says FX reserve diversification is long-termReuters - Oct 26, 2009
BEIJING, Oct 26 () - Diversification of China's $2.27 trillion stockpile of foreign exchange reserves is a long-standing policy that aims to avoid Dollar Falls on PBOC Official's Call to Adjust Reserves(Over)Excitement About China's ReservesDollar Declines as Recovery Optimism Reduces Demand for Safety - -all 384 news articles »
Reuters - Oct 26, 2009
Unlike other off-exchange retail foreign currency brokers, Interbank FX has distinguished itself among industry leaders with its unique multi bank liquidity and more »Bloomberg - Oct 26, 2009
The figures reflect holdings in currency- futures contracts at the Chicago Mercantile Exchange. “Sentiment for sterling is extremely negative,” said Nigel and more »Forbes - Oct 26, 2009
The insurer's foreign currency exposure was broadly steady compared to the end of March this year, at roughly 2.6 percent of its overall assets of about 5.7 and more »Reuters - Oct 26, 2009
Canoe.ca"The whole world got very unsafe very quickly this morning," said Steve Butler, director of foreign exchange trading at Scotia Capital. Canadian Dollar Depreciates Most in Month on Carney's CommentsCarney in the HouseRupee losing fast against regional currencies - -all 349 news articles »