Currency Pair | 14 March 2022 | 15 March 2022 | 16 March 2022 | 17 March 2022 | 18 March 2022 |
USD/NGN | 415.34 | ||||
USD/GHS | 7.0324 | ||||
USD/ZAR | 15.0241 | ||||
USD/GMD | 53.2904 | ||||
USD/AOA | 465.372 | ||||
USD/UGX | 3,589.46 | ||||
USD/RWF | 1,006.38 | ||||
USD/KES | 113.301 | ||||
Dollar Index | 98.93 |
Tag: cedi
The Interbank Market News Scan: Jobs report adds to the argument that the U.S. is at full employment.
Interbank, Kazakhstan, tenge. “The Kazakh tenge KZT= weakened 2.6% to 509.70 per dollar on the interbank market on Friday, Eikon Refinitiv data showed.” See article here. Source: Nasdaq.
Interbank, China, foreign exchange. “The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System.” See article here. Source: Xinhuanet.
Interbank, Russia, stock market. “A Russian stock market analyst pulled out a bottle and drank to the death of Russia’s stock market during an interview live on local television. The clip went viral Thursday, a week into the Russian invasion of neighboring Ukraine and as Russia’s economy is hammered with Western sanctions.” See article here. Source: CNBC.
Interbank, blockchain, bitcoin. “Dr. Eswar Prasad, professor of Trade Policy at Cornell University and author of ‘The Future of Money: How the Digital Revolution is Transforming Currencies and Finance,’ discusses the pros and cons of Bitcoin as a currency.” See article here. Source: CNBC.
Interbank, money markets. “A closely-watched measure of money-market stress and dollar funding conditions rose again on Friday to its highest level since May 2020, as the knock-on effects of the war in Ukraine rippled out globally.” See article. Source: Reuters.
Interbank, United States, labor, jobs report. Non-farm payrolls rose by 678,000 in February while the unemployment rate fell to 3.8%. See report here. Source: U.S. Bureau of Labor Statistics.
Foreign exchange rates and dollar index as of 9:40 am AST
EUR/USD=1.10805
GBP/USD=1.33712
USD/CAD=1.26463
USD/MXN=20.6664
USD/NGN=415.42
USD/GHS=6.80185
USD/INR=75.7279
USD/JPY=115.606
USD/CNY=6.31788
USD/BTC=0.00002
Source: OANDA
Dollar Index-98.58
Source: MarketWatch
Foreign exchange rates seen by Atlanta’s immigrant community as of 8:29 am EDT …
EUR/USD= 1.1321
GBP/USD= 1.3508
USD/MXN= 20.5328
USD/GTQ= 7.5281
USD/NGN= 414.8780
USD/GHS= 6.2033
USD/VND= 22,664.2000
USD/JPY= 113.8100
USD/INR= 74.4818
Source: OANDA
Foreign exchange rates of interest in Atlanta as of 10:42 am EDT…
EUR/USD= 1.1343
GBP/USD = 1.3553
USD/MXN = 20.4529
USD/GTQ = 7.5334
USD/NGN = 414.4500
USD/GHS = 6.1718
USD/VND = 22,626.8000
USD/JPY = 113.6800
USD/INR = 74.2180
Source: OANDA
As Africa embarks on a new trade bloc, time to take closer look at its currencies …
Pairs | OANDA as of 4 January 2021 | OANDA as of 5 January 2021 | Notes |
USD/KES | 108.391 | 108.391 | Dollar weakening |
USD/NGN | 384.938 | 384.938 | Dollar strengthening |
USD/GHS | 5.8524 | 5.85238 | Dollar weakening |
USD/CDF | 1950.61 | 1950.61 | Dollar flat |
USD/AOA | 648.310 | 648.310 | Dollar weakening |
USD/ZAR | 14.6309 | 14.6309 | Dollar flat |
Political/Regulatory/Legal News Impacting US-Africa Foreign Exchange Pairs
No information to share at this time
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
11:42 am 12 November 2020, Foreign exchange rates between U.S. and select countries in East Africa, West Africa, the Caribbean, and Asia
As of 11:42 am EST, 12 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 .76641 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 1.30461 CAD
CAD/USD=0.76641 USD/CAD=1.30461
CNH/USD= 0.15127 USD/CNH=6.60956
EUR/USD= 1.17895 USD/EUR=0.84811
DKK/USD =0.15834 USD/DKK=6.31400
NGN/USD= 0.00262 USD/NGN=380.460
JPY/USD=0.00949 USD/JPY=105.38
INR/USD=0.01344 USD/INR=74.2553
JMD/USD=0.00673 USD/JMD=145.540
GYD/USD=0.00475 USD/GYD= 207.614
GHS/USD=0.17139 USD/GHS= 5.80752
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00909 USD/KES= 107.904
Source: OANDA
Major political/legal event in the United States:
Federal Reserve Vice-chair Quarles testifies before House Financial Service committee today
Randal K. Quarles, vice-chair for supervision for the Federal Reserve, will testify today before the U.S. House Committee on Financial Services. His testimony will focus on the Federal Reserve’s supervisory activities in the context of the ongoing pandemic.
The Democratic Party will maintain control of the financial services committee in the next Congress. There will likely be signals as to where committee chairwoman, U.S. Representative Maxine Waters, Democrat of California, would like Congress and the Biden administration to focus legislative and regulatory initiatives.
Source: Federal Reserve