| Currency Pairs | Rates as of 8:33 am EST 26 April 2021 |
| EUR/USD | 1.1895 |
| GBP/USD | 1.3782 |
| USD/CAD | 1.2568 |
| AUD/USD | 0.7625 |
| USD/JPY | 110.6250 |
| USD/NOK | 8.5245 |
| USD/CHF | 0.9421 |
| USD/SEK | 8.7274 |
| USD/MEX | 20.2953 |
| USD/XCD | 2.7000 |
| USD/JMD | 144.3720 |
| USD/DOP | 56.6000 |
| USD/HTG | 79.0903 |
Tag: Caribbean
As of 11:34 pm AST, the US dollar in terms of Caribbean currencies is flat to strengthening with some volatility …
| Pairs | OANDA as of 18 December 2020 | OANDA as of 23 December 2020 | Notes |
| USD/BBD | 2.00 | 2.00 | Pegged to the US dollar |
| USD/TTD | 6.6719 | 6.68062 | Dollar strengthening |
| USD/JMD | 141.803 | 141.973 | Over the last 30 days, exchange rate fell from 145.825 |
| USD/XCD | 2.70 | 2.70 | Pegged to the US dollar |
| USD/GYD | 205.239 | 205.570 | Although risen from 204.934 on 23 November, the rise has been accompanied by volatility. |
Source: OANDA
Legal/Political events impacting US-Caribbean foreign exchange
President Trump modifies Harmonized Tariff System to reflect extension of Caribbean Basin Initiative
On 22 December 2020, President Donald J Trump announced a modification of the Harmonized Tariff System for the purpose of including the extension of the Caribbean Basin Initiative signed into law last October. The proclamation read as follows:
“The Caribbean Basin Economic Recovery Act, as amended (the “CBERA”), (title II of Public Law 98-67, 97 Stat. 384 (19 U.S.C. 2701 et seq.)), instituted a duty preference program that applies to a product of a Caribbean Basin country that has been designated by the President as a beneficiary country. On October 10, 2020, the President signed into law the Extension of the Caribbean Basin Economic Recovery Act (Public Law 116-164, 134 Stat. 758), which extends certain preferential tariff treatment accorded under the CBERA to September 30, 2030. I have determined, pursuant to section 604 of the Trade Act, that it is necessary to modify the HTS to reflect the extension of the CBERA.”
According to the U.S. International Trade Commission, the Harmonized Tariff Schedule is made up of a hierarchical structure for describing all goods in trade for duty, quota, and statistical purposes.
Sources: Executive Office of the President; U.S. International Trade Commission
As of 9:36 am AST 3 December 2020, Foreign exchange rates between U.S., select countries in East Africa, West Africa, the Caribbean, and Asia, and BitCoin; Federal Reserve sees increased bank delinquencies in 2021 …
As of 9:36 am AST, 3 December 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 .77302 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 1.29344 CAD
CAD/USD=0.77302 USD/CAD=1.29344
CNH/USD= 0.15265 USD/CNH=6.54972
EUR/USD= 1.20787 USD/EUR=0.82781
DKK/USD =0.16225 USD/DKK=6.16157
NGN/USD= 0.00262 USD/NGN=377.841
JPY/USD=0.00957 USD/JPY=104.50
INR/USD=0.01357 USD/INR=73.5849
JMD/USD=0.00678 USD/JMD=144.553
GYD/USD=0.00469 USD/GYD= 204.916
GHS/USD=0.17049 USD/GHS= 5.82649
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00897 USD/KES= 109.505
BBD/USD = 0.50000 USD/BBD = 2.0000
TTD/USD = .14488 USD/TTD= 6.65179
BTC/USD= 17444.40 USD/BTC= 0.00006
Source: OANDA
Major political/legal event impacting foreign exchange:
Federal Reserve releases its Beige Book finding moderate, modest US expansion
Yesterday, the Board of Governors of the Federal Reserve System released its final Beige Book for 2020. The Federal Reserve determined that US economic expansion is either moderate or modest at best. A number of districts, including the Philadelphia district, have observed a slow down in growth with a spike in COVID-19 cases since early November. Banks expect the number of borrower delinquencies to increase in 2021.
Source: Board of Governors of the Federal Reserve System
Foreign exchange rates in light of Mnuchin, Powell testimony before the US Senate …
As of 11:23 am AST, 1 December 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 .77051 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 1.29766 CAD
CAD/USD=0.77051 USD/CAD=1.29766
CNH/USD= 0.15204 USD/CNH=6.57584
EUR/USD= 1.19642 USD/EUR=0.83573
DKK/USD =0.16075 USD/DKK=6.21944
NGN/USD= 0.00261 USD/NGN=378.336
JPY/USD=0.00960 USD/JPY=104.12
INR/USD=0.01351 USD/INR=73.8918
JMD/USD=0.00675 USD/JMD=145.028
GYD/USD=0.00469 USD/GYD= 205.043
GHS/USD=0.17028 USD/GHS= 5.82869
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00900 USD/KES= 109.047
BTC/USD= 16,987.20 USD/BTC= 0.00006
Source: OANDA
Major political/legal events impacting currencies:
Today, Steven Mnuchin, Secretary of the U.S. Department of the Treasury, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, are testifying before the U.S. Senate Committee on Banking, Housing and Urban Affairs. Questions are expected to seek clarification as to Secretary Mnuchin’s request that remaining funds from the CARES Act be sent back to the Congress’ general fund. Chairman Powell will reiterate the need for fiscal policy in the face of increasing COVID-19 infections and an economy that is still on the rebound.
Source: U.S. Senate Committee on Banking, Housing and Urban Affairs
As of 9:51 am AST 30 November 2020, Foreign exchange rates between U.S., select countries in East Africa, West Africa, the Caribbean, and Asia, and BitCoin
As of 9:51 am AST, 30 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 .76954 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 1.29852 CAD
CAD/USD=0.76954 USD/CAD=1.29852
CNH/USD= 0.15205 USD/CNH=6.57348
EUR/USD= 1.19622 USD/EUR=0.83576
DKK/USD =0.16071 USD/DKK=6.21851
NGN/USD= 0.00260 USD/NGN=377.445
JPY/USD=0.00960 USD/JPY=104.06
INR/USD=0.01351 USD/INR=73.7640
JMD/USD=0.00675 USD/JMD=145.165
GYD/USD=0.00468 USD/GYD= 205.117
GHS/USD=0.17037 USD/GHS= 5.82050
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00898 USD/KES= 108.719
BBD/USD = 0.50000 USD/BBD = 2.0000
TTD/USD = .14475 USD/TTD= 6.65695
BTC/USD= 16987.20 USD/BTC= 0.00006
Source: OANDA
Major political/legal event impacting foreign exchange:
On 27 November 2020, President Donald J. Trump nominated Brian P. Brooks as Comptroller of the Currency for a term of five years. As Comptroller, Mr Brooks would be responsible for administering the United States’ national banking system as well as the branches of foreign banks doing business in the United States. Mr Brooks is currently serving as acting Comptroller. His nomination must be confirmed by the U.S. Senate.
Source: Executive Office of the President
As of 12:04 pm AST 27 November 2020, Foreign exchange rates between U.S., select countries in East Africa, West Africa, the Caribbean, and Asia, and BitCoin
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
As of 12:53 pm AST 25 November 2020, Foreign exchange rates between U.S., select countries in East Africa, West Africa, the Caribbean, and Asia, and Bitcoin
As of 12:53 pm AST, 25 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 .76700 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 1.30361 CAD
CAD/USD=0.76700 USD/CAD=1.30361
CNH/USD= 0.15198 USD/CNH=6.57876
EUR/USD= 1.18665 USD/EUR=0.84261
DKK/USD =0.15941 USD/DKK=6.27148
NGN/USD= 0.00261 USD/NGN=379.186
JPY/USD=0.00957 USD/JPY=104.49
INR/USD=0.01350 USD/INR=73.9408
JMD/USD=0.00671 USD/JMD=145.984
GYD/USD=0.00468 USD/GYD= 205.237
GHS/USD=0.17068 USD/GHS= 5.82307
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00903 USD/KES= 108.669
BTC/USD= 18,846.90 USD/BTC= 0.00005
Source: OANDA
Major legal/political event:
First-time unemployment claims increase
The number of first time unemployment claimants is still high. This morning the U.S. Department of Labor reported that 778,000 Americans filed for unemployment insurance for the first time during the week of November 21st, an increase of some 30,000 claimants from last week. Since the peak of 5,790,250 in April 2020, the moving average of total insured claimants has been trending toward the moving average level pre-Covid-19 but is still more than three times its March 14, 2020 pre-Covid-19 moving average level of approximately 232,500. The labor market still has a way to go before getting back to that point.
Source: U.S. Department of Labor
As of 10:25 am AST 24 November 2020, Foreign exchange rates between U.S., select countries in East Africa, West Africa, the Caribbean, and Asia, and BitCoin
As of 10:25 am AST, 24 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 .76486 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 1.30725 CAD
CAD/USD=0.76486 USD/CAD=1.30725
CNH/USD= 0.15227 USD/CNH=6.56585
EUR/USD= 1.18633 USD/EUR=0.84284
DKK/USD =0.15930 USD/DKK=6.27554
NGN/USD= 0.00261 USD/NGN=378.884
JPY/USD=0.00961 USD/JPY=104.01
INR/USD=0.01348 USD/INR=74.0457
JMD/USD=0.00672 USD/JMD=145.825
GYD/USD=0.00469 USD/GYD= 204.934
GHS/USD=0.17100 USD/GHS= 5.81368
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00905 USD/KES= 108.605
BTC/USD= 18,431.20 USD/BTC= 0.00005
Source: OANDA
Major political/legal event in the United States:
Biden to nominate Janet Yellen for Treasury secretary
Axios reports that presumptive U.S. president-elect, Joseph R. Biden, will announce later today his choice of Janet Yellen as U.S. Secretary of the Treasury. Ms Yellen, 74, served as chairman of the Board of Governors of the Federal Reserve System from 2014 to 2018.
Source: Axios
As of 9:50 am AST 23 November 2020, Foreign exchange rates between U.S., select countries in East Africa, West Africa, the Caribbean, and Asia, and BitCoin
As of 9:50 am AST, 23 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 .76362 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 1.30914 CAD
CAD/USD=0.76362 USD/CAD=1.30914
CNH/USD= 0.15258 USD/CNH=6.55057
EUR/USD= 1.18551 USD/EUR=0.84331
DKK/USD =0.15913 USD/DKK=6.27877
NGN/USD= 0.00260 USD/NGN=378.095
JPY/USD=0.00962 USD/JPY=103.81
INR/USD=0.01348 USD/INR=73.9600
JMD/USD=0.00673 USD/JMD=145.650
GYD/USD=0.00469 USD/GYD= 204.889
GHS/USD=0.17074 USD/GHS= 5.80300
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00905 USD/KES= 108.539
BTC/USD= 18,581.00 USD/BTC= 0.00005
Source: OANDA
Major political/legal event in the United States:
“President Donald J. Trump participated in the second day of the virtual G20 Leaders Summit on November 22, 2020. President Trump discussed the economic model he has enacted through cutting taxes and regulations, promoting abundant and affordable energy, and negotiating trade agreements grounded in the principles of fairness and reciprocity. President Trump expressed the importance of policies that promote workers and families. He also discussed the historic achievements made in the United States and around the world in empowering and investing in women, and called on all countries to do more. President Trump thanked Saudi Arabia for its leadership during its G20 presidency and looked forward to working with Italy as incoming G20 president. He also encouraged the G20 to continue to work together to achieve security, prosperity, and peace for all nations.”
Source: Executive Office of the President of the United States
