Foreign exchange rates of interest to Atlanta

The Vietnamese dong, Mexican peso, Indian rupee, and Nigerian naira ended relatively flat this week. These currencies are the home currencies of the Atlanta area’s largest immigrant groups. The dong closed .0007%. The naira was down .0003%. The rupee and peso were down .0019% and .0018%, respectively.

The Federal Reserve may have seen today’s jobs situation report as incentive to stay on course with its expected fed funds rate increases later this spring or summer. The unemployment rate fell to 3.9% with non-farm payrolls increasing by 199,000 workers. Historically, numbers like these are an indication of full employment and could be a threshold to wage inflation and a sign of increased economic activity. Increased economic activity may see the dollar become more expensive along with an increase in demand for dollar denominated assets.

The Federal Reserve was quiet today with no statements made by any members of the Board of Governors; likely the silent hangover from the holidays.

Call to action: To support this page, please visit our advertisers.

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.

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

Call to action: To support this page, please visit our advertisers.

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

Foreign exchange rates between U.S. and countries with diplomatic presence in Atlanta, Georgia

As of 10:22 pm EST, 28 October 2020, here is the price of the U.S. Dollar in foreign currency of interest:

1 EUR= 1.17556 USD   1 USD= .85056 EUR

1 XCD (Eastern Caribbean) = 0.37037 USD  1 USD= 2.70 XCD

*1 CHD (Canada)= 0.75430 USD  1 USD= 1.32555 CHD

*1 CHF (Switzerland)= 1.09853 USD   1 USD= 0.91014 CHF

*1 ISL (Israel)= 0.29366 USD     1 USD = 3.38572 ISL

*1 ARS (Argentina)= 0.01277 USD    1 USD = 78.2977 ARS

*1 BSD (The Bahamas) = 1.00 USD   1 USD = 1 BSD

*1 ECS (Ecuador)= 0.00004 USD    1 USD = 24,094 ECS

*1 BRL (Brazil)= 0.17464 USD   1 USD = 5.72242 BRL

*1 KRW (South Korea) = 0.00088 USD   1 USD = 1132.29 KRW

*1 HTG (Haiti)= 0.01576 USD   1 USD = 61.7696 HTG

*1 LRD (Liberia) = 0.00536 USD   1 USD = 186.687 LRD

*1 MXN (Mexico) = 0.04722 USD     1 USD = 21.1694 MXN

*1 JPY (Japan) = 0.00959 USD   1 USD = 104.30 JPY

*1 JMD (Jamaica) = 0.00678 USD   1 USD = 144.408  JMD

Source: Bankrate

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