Posts Tagged ‘exchange rates’
Exchange Rate: Week from Friday 20 November to Friday November 27, 2009
Tags: dollar, euro, Exchange rate, exchange rates, yen
Types of Changes: Week from Friday 18 to Friday 25 September 2009
Tags: dollar, euro, Exchange rate, exchange rates, sun, yen
Types of Changes: Week from Friday 16 to Friday October 23, 2009
During the week ending Friday, 23 this month currency markets are maintained showing the trend the past three weeks, with the dollar depreciating against the euro and appreciated against the yen. So against the euro, the dollar depreciated by 0.69%, which totaled a decline of 7.00% so far this year, climbed as high as 0.6663 euros per dollar, the lowest level of the last 14 months. Against the yen in the week the dollar appreciated 1.32%, implying an appreciation of 1.29% so far this year, to Friday, 23 dollar price rose from 92 yen.
The dollar is showing an uneven evolution, showing a clear trend towards depreciation against the euro and other currencies and against the yen appreciation. The depreciation against the euro keeps consistency with economic fundamentals, aligned with the requirements of a more balanced trade relations between countries and with the appropriate balance between saving and consumption within countries. However, this alignment is not seen in the relationship between the dollar and the yen. Read the rest of this entry »
Tags: dollar, euro, Exchange rate, exchange rates, yen
Types of changes: Week of Friday, 9 to Friday October 16, 2009
During the week the dollar depreciated 1.18% against the euro and appreciated by 1.24% relative to the yen. Thus, at the end of the week, the dollar was quoted at 0.6709 euros and 90.86 yen. Similarly, the price of gold continued its upward trend, reaching in excess of U.S. $ 1.064 a troy ounce to close the week at U.S. $ 1053.30.
Thus, the behavior was maintained last week the U.S. currency weakness against the euro and some recovery in value against the yen. The recovery of value against the yen should not be taken as a trend, but as a fluctuation in general the dollar remains weak against all major currencies in the international economy. This week ended the American currency fell to a 14 months against major currencies amid speculation of a behind the U.S. economy in the recovery of their productive activity, compared to other economies, especially in relation to China and countries with strong trade links with it. There are fears that the U.S. labor market weakness and the slow recovery of economic activity in this country, keep interest rates low and accentuate the gap with rates in other countries, as the latter begins to elevate.
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Tags: dollar, euro, Exchange rate, exchange rates, yen
The main stages in the development of global financial market.
30-s XX century
The world financial crisis. Is the destruction of trade and economic ties. Thing of the past times, the rule of gold coin standard. By the mid 30′s London becomes the world’s financial center. British pound sterling at that time was the main currency for trade transactions and the establishment of foreign exchange reserves. Even then pound jargon called “Cable” ( “cable”). This name is connected with the fact that the means of communication with the transactions was the telegraph and the information transmitted by cable .
In 1930, the Swiss city of Basel was established Bank for International Settlements. The goal was financial support for young independent states and nations, is experiencing balance of payments deficit.
1944
In the United States was the Bretton Woods conference. It is believed the end of the US-British rivalry. The conference was attended by two major figures: John Maynard Keynes (England) and Harry Dexter White (USA). They managed to create and adopt a new order for the world financial system under the circumstances.
The main provisions of the Bretton Woods system
The International Monetary Fund has become a vital institution that monitors international financial and economic relations;
Declared the currency, playing the role of international reserves (the dollar and the de facto pound);
There are adjustable parities of currencies to the U.S. dollar (possibly rejecting – 1%);
dollar pegged to gold (ounce of gold – $ 35);
IMF members have the right to change parities only with the consent of the IMF;
Upon completion of the transition period, all currencies should be convertible;
to comply with this principle, all governments commit themselves to keep international reserves and, if necessary – to carry out intervention in currency markets. Members of the IMF makes contribution of currency and gold.
1947
To pause the onset of communism in the United States adopt a program of recovery of European economies. U.S. Secretary of State Marshall, in his report to outline a plan under which the European economy is healthy to a level where it can maintain its own military capabilities. One of the challenges is utolenie “dollar famine”. When in 1949 the U.S. dollar liabilities Europe accounted for 3.1 billion, then in 1959 they reached 10.1 billion dollars.
Tags: Currency Exchange in Europe, Eurodollar market., exchange rates, financial markets, Foreign borrowing, Foreign Exchange
