Alton Drew

Informing the forex market about government

Tag: Eastern Caribbean

Price of the Eastern Caribbean Dollar …

Posted by on in Africa, Caribbean, ChinaLeave a comment

How to read the chart:

XCD/USD: If you come to the United States with one Eastern Caribbean Dollar (XCD)and wish to sell it for a US dollar (USD), the market price is 0.37037 USD.

USD/XCD: If you take a US dollar (USD) to a participating Eastern Caribbean nation and wish to sell it for a Eastern Caribbean Dollar (XCD), the market price is 2.70 XCD.

As of 6:40 am AST this is the price of the Eastern Caribbean Dollar in various currencies:

XCD/USD=0.37037 USD/XCD=2.70

XCD/GBP=0.27581 GBP/XCD=3.62517

XCD/EUR=0.30526 EUR/XCD=3.27557

XCD/PLN=1.36501 PLN/XCD=0.73179

XCD/TRY=2.89327 TRY/XCD=0.34509

XCD/JPY=38.57 JPY/XCD=0.02592

XCD/XAF=200.284 XAF/XCD= 0.00499

XCD/TTD=2.46504 TTD/XCD=0.39101

XCD/BBD=0.74074 BBD/XCD=1.35000

XCD/JOD=0.26259 JOD/XCD=3.80818

XCD/CHN=2.42224 CHN/XCD=0.41276

Source: OANDA

Political/Legal Events impacting Eastern Caribbean Dollar:

U.S. awaits release of unemployment report

The U.S. Department of Labor is scheduled to release today its jobs situation report which will provide the U.S. and economies trading with the U.S. with insights into the American economy and its ability to consume exports.

Source: U.S. Department of Labor

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

Posted by on in Africa, Asia, bitcoin, Caribbean, Eastern Caribbean, foreign exchangeLeave a comment

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

12:59 pm 10 November 2020; Foreign exchange rates between U.S. and select countries in East Africa, West Africa, the Caribbean, and Asia

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As of 12:59 pm EST, 10 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 .76934 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 1.29964 CAD

CAD/USD=0.76934   USD/CAD=1.29964

CNH/USD= 0.15178   USD/CNH=6.58714

EUR/USD= 1.18614    USD/EUR=0.84297

DKK/USD =0.15921     USD/DKK=6.27914

NGN/USD= 0.00261    USD/NGN=381.557

JPY/USD=0.00958       USD/JPY=104.36

INR/USD=0.01352       USD/INR=73.8335

JMD/USD=0.00674      USD/JMD=145.335

GYD/USD=0.00478       USD/GYD= 209.215

GHS/USD=0.17142       USD/GHS= 5.82570

XCD/USD=0.37037        USD/XCD= 2.70

KES/USD = 0.00910       USD/KES= 107.944

Source: OANDA

Major political/legal event in the United States: 

Yesterday, the Federal Reserve Bank of New York’s Center for Microeconomic Data released the October 2020 Survey of Consumer Expectations, which shows a decline in income and spending growth expectations. Changes in labor market expectations were mixed showing declines in both average job loss and job finding expectations. Median inflation expectations declined at the short-term horizon, while remaining unchanged at the medium-term horizon. Uncertainty and disagreement about future inflation decreased slightly but remained at an elevated level.

Source: Federal Reserve Bank of New York

Foreign exchange rates in countries of interest …

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As of 9:48 pm EST, here is the price of the U.S. Dollar in foreign currency of interest:

1 EUR= $1.18550

1 AOA (Angola)= $0.00154

1 ZAR (South Africa)= $0.06165

1 NGN (Nigeria)= $0.00260

1 INR (India)= $0.01353

1 KES (Kenya)= $0.00913

1 CNY (China)= $0.14933

1 XCD (Eastern Caribbean)= $.37037

*1 CHD (Canada)= $0.76154

*1 CHF (Switzerland)= $1.10492

*1 ISL (Israel)= $0.29533

*1 ARS (Argentina)= $0.01280

*1 BSD (The Bahamas)= $1.00

*1 ECS (Ecuador)= $0.00004

*1 BRL (Brazil)= $0.17789

*1 KRW (South Korea)= $0.00089

*1 HTG (Haiti)= $0.01578

*1 LRD (Liberia) = $0.00512

*1 MXN (Mexico) = $0.04784

*1 JPY (Japan) =$0.00955

*1 JMD (Jamaica) =$0.00679

Source: Bankrate

*Has a consulate office located in Atlanta

Foreign exchange: For businesses and individuals buying the US …

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As of 9:02 AM EST, here is the price of the US dollar in particular foreign currencies:

1 Euro= $1.19 USD

1 Angolan Kwanza= $0.0015 USD

1 South African Rand=$0.061 USD

1 Nigerian Naira= $0.0026 USD

1 Indian Rupee = $0.014

1 Kenyan Shilling = $0.0092

1 Chinese Yuan= $0.15

1 Eastern Caribbean Dollar=$.37

Source: Morningstar