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Foreign Exchange Rate Specific links

Foreign Exchange Rate News

BSP foreign exchange swaps climb to $16 billion in first half

The Bangko Sentral ng Pilipinas (BSP) reported that its foreign exchange forwards or swaps totaled $16.11 billion as of end-June, up from May's $15 billion. The BSP has been unwinding its foreign exchange (FX) swap positions in the past months and buying dollars from the spot market to smooth exchange rate volatility. In June, the BSP purchased $831 million FX and sold $530 million.

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Yemen currency hits lowest exchange rate despite Central Bank continual injections

Yemen's rial hit a new record of low exchange rate against the U.S. dollar on Friday despite the latest of series of cash injection by the country's Central Bank in a bid to help ease the rapid depreciation of the rial, Yemen's currency, local traders said.

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China aims to make yuan convertible: chief currency regulator

The ultimate goal of China's exchange rate reform is to make the yuan a fully convertible currency, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday.

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French foreign exchange student fights off mugger while walking to New Brighton bus stop

22-year-old's nose was broken, but attacker fled without valuables

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Philippines Plans New Dollar Debt Swap for Older, Shorter Notes

The Philippines plans to exchange new longer-dated, dollar bonds for existing securities with shorter maturities in its first foreign-currency debt swap in four years, to free up more cash for economic stimulus.

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EU Unemployment Rate unchanged at 10% in June

FXstreet.com (Barcelona) - The unemployment rate in the European Union had no variations in June, after the Eurostat released a 10% jobless rate, identical to the previous reading in May.

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Rising yuan will not hurt trade, say bankers

There is no foundation for the yuan to move sharply and China can maintain a flexible exchange rate mechanism, making the currency stand at a basically reasonable and balanced level, a senior central bank official said on Friday.

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Chile Breaks Foreign Bond Drought at Record Yield

Chile sold its first international bond in six years at a record-low yield as investors demanded less than half the premium on comparable debt from higher-rated Italy.

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Foreign formula prices rise, consumers turn away

Dumex Vietnam has applied new prices for 17 of its products since July 19, 10 percent higher than previous prices. Dumex Mama Gold Step 0 now sells at 129,000 dong per 400 gram carton and Dulac Gold 1 is 184,000 dong, an increase of 17,000 dong, while Dupro Gold 2 price has risen by 16,000 dong.

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Chinas economy to grow more than 9% in 2010: chief currency regulator

Chinas gross domestic product (GDP) is expected to expand more than 9 percent in 2010, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday.

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