The Africa Play …

This morning I decided to take a look at how the U.S. dollar is faring this week against the Ghanaian, Nigerian, and Kenyan currencies in comparison to the Swiss franc, Chinese yuan (offshore), and the British pound. In my opinion the United States hasn’t demonstrated that it wants to be a significant trading partner with the African continent, but with a new administration and China’s well documented economic forays on the Continent, that may change.

Pairs4 January 20215 January 20216 January 20217 January 2021Notes
CNH/KES16.787916.840516.837316.8373.3% increase in exchange rate
USD/KES108.391108.461108.500108.500.1% increase in exchange rate
GBP/KES147.768147.472147.723147.723Flat
CHF/KES122.931123.285123.497123.497.5% increase in exchange rate
Source: OANDA
Pairs4 January 20215 January 20216 January 20217 January 2021Notes
CNH/NGN59.620659.264058.808258.80821.3% decrease in exchange rate
USD/NGN384.938381.690378.964378.9641.5% decrease in exchange rate
GBP/NGN524.784518.974515.960515.9601.7% decrease in exchange rate
CHF/NGN436.578433.856431.344431.3441.2% decrease in exchange rate
Source: OANDA
Pairs4 January 20215 January 20216 January 20217 January 2021Notes
CNH/GHS0.90640.90940.90740.90740Flat
USD/GHS5.85245.85695.84735.84735Flat
GBP/GHS7.97857.96357.96127.96118.2% decrease in exchange rate
CHF/GHS6.63756.65746.65566.65558.3% increase in exchange rate
Source: OANDA

Federal Reserve releases select exchange rates as of 11 December 2020

Atlanta 14 December 2020, 9:43 PM EST

The Board of Governors of the Federal Reserve System today released the foreign exchange rates for the following foreign exchange pairs. Compare with exchange rates quoted by foreign exchange broker OANDA as of 9:59 PM EST:

Federal Reserve OANDA

EUR/USD = 1.2112 EUR/USD = 1.21443

GBP/USD = 1.3197 GBP/USD = 1.33503

USD/CAD = 1.2767 USD/CAD = 1.27508

USD/JPY = 103.880 USD/JPY = 103.93