GBP/USD=1.3615
EUR/USD=1.1338
USD/NGN= 413.8000
USD/GHS=6.2302
USD/JMD=153.4570
USD/JPY=114.4110
USD/INR=74.3984
USD/MXN=20.4158
USD/WON=1,189.0900
USD/GTQ=7.5430
Source: OANDA
Tag: India
Foreign exchange rates of interest in Atlanta
Foreign exchange rates of interest in Atlanta, Georgia as of 4:06 pm EST
GBP/USD=1.3661
EUR/USD=1.1411
USD/NGN=413.784
USD/GHS=6.2371
USD/JMD=153.589
USD/JPY=114.502
USD/INR=74.1493
USD/MXN=20.3031
USD/WON=1,191.17
USD/GTQ=7.5471
Source: OANDA
Foreign exchange rates of interest …
USD-DXY=96.30
The US dollar index strengthened today versus its 2 January 2022 reading. On 4 January 2022, the USD-DXY was at 96.30, up from a reading of 95.73 on 2 January 2022.
USD-MXN=20.5131
The Mexican peso continued its strengthening against the US dollar. On 4 January 2022, the USD-MXN registered at 20.5131, down from the 2 January 2022 level of 20.7538.
USD-INR=74.2541
And like the peso, the Indian rupee also showed some strength over the prior two-day period. The USD-INR printed at 74.2541, down from the 2 January 2022 level of 75.5300.
USD-VND=22,830.2
The Vietnamese dong appeared flat over the 2-day period coming in today at USD-VND=22,830.2 versus the 2 January 2022 exchange rate of 22,838.
USD-NGN=410.627
Finally, Nigeria does not want to be left out of the strengthening game. Today the USD-NGN came in at 410.627, down from 411.450 on 2 January 2022.
Source: OANDA
Alton Drew
4.01.2022
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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.
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.
Interbank Market News Scan: Libor coming to an end. China’s RMB hopes to take out the dollar …
9 July 2021
Foreign exchange rates of interest …
| Currency pair | Exchange rate |
| USD/XCD | XCD 2.70 |
| USD/MXN | MXN 20.0188 |
| USD/JMD | JMD 148.6230 |
| USD/DOP | DOP 56.6164 |
| USD/HTG | HTG 92.0194 |
| USD/NGN | NGN 411.2120 |
| USD/GHS | GHS 5.9153 |
News links of interest …
Interbank. With the end near for the London Interbank Offered Rate (Libor), the Reserve Bank of India (RBI) on Thursday told banks and other financial institutions to stop using the benchmark as soon as possible and mandatorily by December 31 and move to any Alternative Reference Rates (ARR). https://www.business-standard.com/article/finance/rbi-to-banks-phase-out-libor-soon-move-to-alternative-reference-rates-121070900016_1.html
Interbank. The booming collateralized loan obligation market faces a chaotic end to 2021, when the benchmark London interbank offered rate is retired for new loan contracts. https://www.bloomberg.com/news/articles/2021-07-08/growing-clo-market-has-a-libor-transition-problem-on-horizon?sref=oriheOus Interbank. Sri Lanka’s central bank said it will dip into its foreign exchange reserves to partly repay $1 billion of bonds maturing later this month, seeking to allay investors’ concern about a possible default. https://www.bloomberg.com/news/articles/2021-07-08/sri-lanka-keeps-rate-on-hold-as-focus-shifts-to-debt-repayment?sref=oriheOus
Foreign exchange, China. 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: Market exchange rates in China — July 9 – Xinhua | English.news.cn (xinhuanet.com)
Foreign exchange. Could the RMB dislodge the dollar as the world’s reserve currency. Could the RMB Dislodge the Dollar As a Reserve Currency? – BRINK – Conversations and Insights on Global Business (brinknews.com)
Cryptocurrency. Why China wants to undermine Bitcoin. Currency and control: why China wants to undermine bitcoin (msn.com)
Cryptocurrency. The future is far from stateless. Cryptocurrencies’ dream of escaping the global financial system is crumbling | Quinn Slobodian | The Guardian
Interbank market scan: China’s interbank market rate drops; Bitcoin sees a little deceleration …
Links to news you should be following …
India’s foreign-exchange reserves surpassed Russia’s to become the world’s fourth largest, as the South Asian nation’s central bank continues to hoard dollars to cushion the economy against any sudden outflows. India FX Reserves Cross Russia to Become World’s 4th Biggest – Bloomberg
Currency tensions and currency crises are a side effect of many countries failing to manage in the new round of economic globalization that has taken place through increasing flows of multilateral trade and investments that have created a world of currency trades causing economies to depend on global reserve currencies, mainly the US Dollar. Science against Myth (msn.com)
During the past month, the total value locked (TVL) in the Bancor Protocol has more than doubled, surpassing the $1.6 billion mark. Bancor, which serves as a liquidity protocol that enables automated, decentralized exchange, reveals that it managed to break into the top 10 projects in terms of TVL and now generates “the fifth highest revenue” of any protocol on Ethereum (as of March 13, 2021). decentralized finance – Bing News
To add more value to the network’s end-users and keep FinNexus at the industry’s cutting edge, its team has been working extremely hard to introduce new features. FinNexus has been developing its ecosystem on all fronts, expanding an established partnership with ChainLink, striving to add a new decentralized product, and introducing an algorithmic stablecoin-based liquidity pool to its platform. FinNexus developments take its decentralized options platform to the next level | KnowTechie
The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, fell 10.5 basis points to 2.14 percent Tuesday.China’s overnight Shibor interbank rate falls Tuesday – Xinhua | English.news.cn (xinhuanet.com)
Cryptocurrency exchange rates as of 8:35 am EST …
BTC/USD=57,494.80 ETH/USD=1,792.44
BTC/EUR=48,177.40 ETH/EUR=1,501.96
BTC/GBP=41,325.00 ETH/GBP=1,288.34
BTC/AUD=74,221.30 ETH/AUD=2,313.90
BTC/CAD=71,715.70 ETH/CAD=2,235.79
BTC/CHF=53,398.50 ETH/CHF=1,664.74
BTC/JPY=6,274,470.00 ETH/JPY=195,611.00
BTC/CNY=373,759.00 ETH/CNY=11,652.20
Source: OANDA
Interbank market news scan: Cryptocurrency exchange rates. India moves closer to banning crypto…
Crypto-foreign exchange rates …
BTC/USD=57,204.20 ETH/USD=1,771.42
BTC/EUR=47,844.90 ETH/EUR=1,481.59
BTC/GBP=41,071.20 ETH/GPB=1,271.84
BTC/AUD=73,643.60 ETH/AUD=2,280.49
BTC/CAD=71,357.70 ETH/CAD=2,209.70
BTC/CHF=53,141.60 ETH/CHF=1,645.61
BTC/JPY=6,236,150.00 ETH/JPY=193,112.00
BTC/CNY= 372,220.00 ETH/CNY=11,526.40
Source: OANDA
What are we following? Follow the links….
India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class. India to Propose Cryptocurrency Ban, Penalising Miners, Traders (fxempire.com)
With the introduction of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, India has pivoted towards a complete ban on cryptocurrencies other than sovereign cryptocurrencies; a stark departure from the traditional laissez-faire stand towards regulating cryptocurrencies. Skipping Regulation & Banning Cryptocurrency: A Lackadaisical Legislation Without Legitimate Aim? (entrepreneur.com)
11:02 pm 15 November 2020, Foreign exchange rates between U.S. and select countries in East Africa, West Africa, the Caribbean, and Asia
As of 11:02 pm EST, 15 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 .76105 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 1.31301 CAD
CAD/USD=0.76105 USD/CAD=1.31301
CNH/USD= 0.15159 USD/CNH=6.59332
EUR/USD= 1.18326 USD/EUR=0.84472
DKK/USD =0.15884 USD/DKK=6.29161
NGN/USD= 0.00261 USD/NGN=377.495
JPY/USD=0.00955 USD/JPY=104.59
INR/USD=0.01340 USD/INR=74.3780
JMD/USD=0.00672 USD/JMD=145.859
GYD/USD=0.00469 USD/GYD= 204.822
GHS/USD=0.17046 USD/GHS= 5.81740
XCD/USD=0.37037 USD/XCD= 2.70
KES/USD = 0.00909 USD/KES= 108.341
Source: OANDA
Major political/legal event in the United States:
Reuters reporting that President Donald J. Trump has yet to concede the presidential election to presumptive president-elect Joseph R. Biden. Over the weekend President Trump appeared to conceded the election to the former vice-president but has since backtracked vowing to continue on with a number of state court challenges to the election.
Source: Reuters
12:59 pm 10 November 2020; Foreign exchange rates between U.S. and select countries in East Africa, West Africa, the Caribbean, and Asia
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 between U.S. and countries of interest to Baltimore …
As of 12:41 am EST, 2 November 2020:
1 CNY (China) = 0.14920 USD 1 USD = 6.68307 CNY
1 EUR (Belgium, Finland, Italy) = 1.16430 USD 1 USD = .85819 EUR
1 DKK (Denmark) =6.883 USD 1 USD= 0.15636 DKK
1 NGN (Nigeria) = 0.00262 USD 1 USD= 380.640 NGN
1 INR (India) = 0.01341 USD 1 USD = 74.3380 INR
1 JMD (Jamaica) = 0.00679 USD 1USD = 144.248 JMD
1 BRL (Brazil) = 0.17407 USD 1 USD = 5.73989 BRL
1 XCD (Eastern Caribbean) = 0.37037 USD 1 USD= 2.70 XCD
Source: Bankrate
Alton Drew 