As of 12:04 pm AST, 27 November 2020:
How to read the chart:
CAD/USD: If you come to the United States with one Canadian dollar (CAD)and wish to sell it for a US dollar (USD), the market price is .76870 USD.
USD/CAD: If you take a US dollar (USD) to Canada and wish to sell it for a Canadian dollar (CAD), the market price is 1.30069 CAD
CAD/USD=0.76870 USD/CAD=1.30069
CNH/USD= 0.15229 USD/CNH=6.56495
EUR/USD= 1.19144 USD/EUR=0.83922
DKK/USD =0.16007 USD/DKK=6.24556
NGN/USD= 0.00261 USD/NGN=378.872
JPY/USD=0.00959 USD/JPY=104.28
INR/USD=0.01355 USD/INR=73.7012
JMD/USD=0.00673 USD/JMD=145.545
GYD/USD=0.00469 USD/GYD= 204.941
GHS/USD=0.17070 USD/GHS= 5.83161
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00901 USD/KES= 108.870
BTC/USD= 17368.40 USD/BTC= 0.00006
Source: OANDA
Major political/legal event impacting foreign exchange:
Basel Committee amends capital requirements for non-performing loan securitisations
The Basel Committee on Banking Supervision yesterday published the technical amendment Capital treatment of securitisations of non-performing loans. The rule, which the Committee started developing before the onset of the Covid-19 pandemic, closes a gap in the Basel framework by setting out prudent and risk sensitive capital requirements for non-performing loan securitisations.
The Committee consulted publicly on the technical amendment in June 2020. In contrast to the consultative proposal, the final rule permits banks to apply the external ratings-based approach to non-performing loans securitisation exposures, without the 100% risk weight floor. In addition, the final rule include discounts on tranche sales in the definition of discount incurred by the originating bank that factors in the capital requirements.
Committee jurisdictions agreed to implement the technical amendment by no later than January 2023. The Committee would like to thank all those who contributed time and effort to express their views during the consultation process.
Source: Bank of International Settlements
Alton Drew, Consiglieri 