Interbank Market News Scan: Foreign exchange rates of interest to Atlanta’s immigrant community as of 7:50 am EDT…

Business News

EUR/USD=1.13649

GBP/USD=1.36048

USD/CAD=1.27003

USD/INR=74.9424

USD/NGN=415.459

USD/GHS=6.44983

USD/DOP=56.2751

USD/JMD=155.493

USD/GYD=200.426

USD/TTD=6.65983

USD/XCD=2.70

USD/BTC=0.00002

USD/ETH=0.00033

Source: OANDA

Dollar Index=95.81

Source: MarketWatch

Foreign exchange rates of interest to Atlanta’s immigrant community as 6:44 am EDT …

EUR/USD=1.13684

GBP/USD=1.35643

USD/MXN=20.3469

USD/GTQ=7.52098

USD/NGN=415.318

USD/GHS=6.47201

USD/INR=74.9746

USD/XCD=2.70

USD/DOP=56.479

USD/JMD=155.725

USD/GYD=200.6

USD/BTC=0.00002

USD/ETH=0.00032

Source: OANDA

Dollar Index=95.81

Source: MarketWatch

Foreign exchange rates of interest to Atlanta. Rupee, peso, and dong see some strength.

USD-MXN=20.7538

The Mexican peso has been strengthening against the U.S. dollar since 25 November 2021where the USD-MXN currency pair exchange rate fell from approximately 21.5600 to 20.7538 as of 2 January 2022. Mexicans make up the largest group of foreign-born Georgians, according to the site DataUSA.

USD-INR=75.5300

The Indian rupee has been strengthening against the US dollar since 15 December 2021 where the USD-INR currency pair exchange rate fell from 76.3600 to 75.5300 as of 2 January 2022. Indians make up the second largest group of foreign-born Georgians.

USD-VND=22,838.0

The Vietnamese dong has been strengthening against the US dollar since 7 December 2021 where the USD-VND currency pair exchange rate fell from 23,066.7 to 22,838.0. Vietnamese make up the third largest group of foreign-born Georgians.

Alton Drew

2.01.2022

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Disclaimer: The above is provided for informational purposes and should not be construed as financial or legal advice or as creating an agreement to provide financial or legal advice.

The outlook for the Atlanta-Sandy Springs-Roswell commercial real estate market …

According to the National Association of Realtors commercial real estate outlook for the Atlanta-Sandy Springs-Roswell, Georgia area, Q4 2020, the market is modest. The NAR found the following:

“The apartment sector is experiencing faster rent growth than nationally. There is a loss in office occupancy and office rent growth is weaker than nationally. In the industrial sector, the industrial vacancy rate is higher than nationally and more construction is underway than nationally. Its retail trade jobs are growing faster than nationally. In the hotel/lodging sector, leisure and hospitality jobs are shrinking. There is a higher share of business openings than nationally. In 2019, the area experienced net in-migration.

Commercial transactions are likely to pick up in the second half of 2021 and in 2022 as more people get vaccinated and more businesses open. Higher fiscal spending and monetary accommodation will boost growth nationally and in the area.”

Selected statistics:

Economic IndicatorQ4 2020Q3 2020Q4 2019
Apartment rent$1,265$1,248$1,232
Office asking rent per square foot$28.0$28.1$27.1
Multifamily rental vacancy rate7.7%5.8%5.9%
Industrial asking rent per square foot$4.9$4.6$4.5

Federal Reserve Bank of Atlanta creates commercial real estate index to assist risk assessment.

The Federal Reserve Bank of Atlanta yesterday announced the development of a new commercial real estate index designed to provide banks with a better assessment of momentum and risks in the commercial real estate market. The press release has been reproduced below.

Source: Federal Reserve Bank of Atlanta

9 November 2020

The Federal Reserve Bank of Atlanta announces the release of the U.S. Commercial Real Estate (CRE) Momentum Index which combines economic and real estate market data for more than 300 metro areas to provide insight into the momentum of change in CRE markets across the country.

A new interactive market analysis tool will enable users to track the CRE Momentum Index over time to identify CRE trends and assess market risks for the four major property sectors—apartment, office, retail, and industrial—as well as view the underlying variables that affect the index’s movement. One of the intended uses of the tool is to help small and medium-sized banks more quickly identify and accurately gauge risk as they are actively engaged in commercial real estate lending.

The CRE Momentum Index combines publicly available economic data such as employment, e-commerce, retail sales and others, with third-party, market-specific data such as occupancy trends and construction forecasts. The tool also provides a running quarter-to-date analysis as data are released in order to improve tracking in between quarterly data releases.

“Exploring both economic and commercial real estate dynamics in tandem helps users understand the movements in commercial real estate markets, and it is particularly helpful to look at these dynamics by property type,” said Lauren Terschan, senior data analytics and real estate specialist in the Atlanta Fed’s Supervision, Regulation, and Credit division, who helped develop the tool. “By looking at changes in overall market momentum, this tool will help users track market undulations and help identify potential risks.”

According to NAIOP Research Foundation, commercial real estate contributed more than $1.1 trillion to the U.S. GDP and supported nine million American jobs in 2019.

“Commercial real estate is a hugely important sector to the overall economy and contributes significantly to job creation, investment and lending,” said Brian Bailey, CRE subject matter expert in the Atlanta Fed’s Supervision, Regulation and Credit division, who developed the index’s methodology. “It is critical that industry participants, lenders and regulators have an excellent understanding of economic drivers and risks, and we believe the CRE Momentum Index will help with that understanding.”

The CRE Momentum Index is available in the Data and Tools section of the Atlanta Fed website.

Contact: Karen Mracek | 470-249-8348

Foreign exchange: How much will it cost to do business in Atlanta

As of 9:01 pm EST, here is the price of the U.S. Dollar in foreign currency of interest:

1 EUR= $1.18159

1 AOA (Angola)= $0.00154

1 ZAR (South Africa)= $0.06186

1 NGN (Nigeria)= $0.00262

1 INR (India)= $0.01355

1 KES (Kenya)= $0.00911

1 CNY (China)= $0.14906

1 XCD (Eastern Caribbean)= $.37037

*1 CHD (Canada)= $0.75876

*1 CHF (Switzerland)= $1.10171

*1 ISL (Israel)= $0.29454

*1 ARS (Argentina)= $0.01278

*1 BSD (The Bahamas)= $1.00

*1 ECS (Ecuador)= $0.00004

*1 BRL (Brazil)= $0.17703

*1 KRW (South Korea)= $0.00089

*1 HTG (Haiti)= $0.01577

*1 LRD (Liberia) = $0.00529

*1 MXN (Mexico) = $0.04777

*1 JPY (Japan) =$0.00956

*1 JMD (Jamaica) =$0.00678

Source: Bankrate

*Has a consulate office located in Atlanta

Foreign exchange rates as of 7:18 am EST

As of 7:42 am EST, here is the price of the U.S. Dollar in foreign currency of interest:

1 EUR= $1.18322

1 AOA (Angola)= $0.00154

1 ZAR (South Africa)= $0.06138

1 NGN (Nigeria)= $0.00262

1 INR (India)= $0.01357

1 KES (Kenya)= $0.00913

1 CNY (China)= $0.14976

1 XCD (Eastern Caribbean)= $.37037

*1 CHD (Canada)= $0.76044

*1 CHF (Switzerland)= $1.10252

*1 ISL (Israel)= $0.29503

*1 ARS (Argentina)= $0.01285

*1 BSD (The Bahamas)= $1.00

*1 ECS (Ecuador)= $0.00004

*1 BRL (Brazil)= $0.17850

*1 KRW (South Korea)= $0.00088

*1 HTG (Haiti)= $0.01578

*1 LRD (Liberia) = $0.00512

*1 MXN (Mexico) = $0.04740

*1 JPY (Japan) =$0.00955

*1 JMD (Jamaica) =$0.00680

Source: Bankrate

*Has a consulate office located in Atlanta