While short-term movements can seem unpredictable, currency values are ultimately shaped by a set of underlying economic forces that interact continuously. Rather than moving for a single reason, ...
Economists believe the central bank will be comfortable with the inflation rate where it is, for now, but are watching for ...
Our unique data on the currency composition of global foreign exchange reserves, COFER, track how much of the world’s reserves are held at central banks in different currencies—such as the US dollar, ...
Under dominant-currency pricing—where many export prices are set in dollars—the real exchange rate allocates export windfalls between producers and consumers. When the real exchange rate is stable, ...
After the publication of exchange rates, as of 06:30 p.m. Moscow time, the RTS index began to decline and reached 1,114.14 points, the MOEX index up to 2,766.65 points MOSCOW, December 30. /TASS/. The ...
The Nigeria Customs Service (NCS) has pushed back against allegations that it was applying inflated exchange rates when calculating import duties, insisting that all foreign exchange figures used in ...
After the publication of exchange rates as of 6:06 p.m. Moscow time, the RTS Index was down by 0.84% at 1,099.16 points, while the MOEX was up by 0.57% at 2,718.05 points MOSCOW, December 10. /TASS/.
The Nigeria Customs Service clarifies it does not fix forex rates. All rates for import valuation are officially set and ...