Limited Decline in Won/Dollar Exchange Rate in Early Trading Hours on September 25th

Limited Decline in Won/Dollar Exchange Rate in Early Trading Hours on September 25th

On the 25th, the won/dollar exchange rate showed a limited decline in the early trading hours. As of 9:32 a.m. in the Seoul foreign exchange market on this day, the won-to-dollar exchange rate is 1330.8 won, down 4.0 won from the previous day. The exchange rate is moving around 1330 won after opening at 1331.5 … Read more

“Korean Won to US Dollar Exchange Rate Rises on Weakening Asian Currencies”

“Korean Won to US Dollar Exchange Rate Rises on Weakening Asian Currencies”

On the 24th, the won/dollar exchange rate is on the rise in the early trading period. As of 9:05 am in the Seoul foreign exchange market on this day, the won-to-dollar exchange rate is 1330.5 won, up 2.3 won from the previous trading day. After opening at 1332.5 won, up 4.3 won, the exchange rate … Read more

“Ruble and Yuan Overtaking US Dollar in Russia: Impact and Implications”

“Ruble and Yuan Overtaking US Dollar in Russia: Impact and Implications”

Jakarta – The United States (US) currency, namely the dollar, is increasingly being pushed aside in Russia. The country led by Russian President Vladimir Vladimirovich Putin now receives a lot of its currency, the ruble and China’s currency, Yuan. The Chinese government indeed imports a lot of gas and crude oil from Russia. Deputy Prime … Read more

“Kasikorn Research Center: Baht Appreciates as Regional Currencies Move Up”

“Kasikorn Research Center: Baht Appreciates as Regional Currencies Move Up”

Ms. Kanchana Chokpaisarnsilp Research Administrator, Kasikorn Research Center Co., Ltd. reveal the baht today (April 18, 2023) turn around to appreciate, returning to close at 34.28 baht per dollar. Compared with yesterday’s closing level at 34.36 baht per dollar. The baht strengthened in line with the movements of most regional currencies. Which has benefited from … Read more

China’s Central Bank Ends Most Foreign-Exchange Intervention, but Reserves the Right to Intervene: Yi Gang

China’s Central Bank Ends Most Foreign-Exchange Intervention, but Reserves the Right to Intervene: Yi Gang

Bloomberg News Agency (Bloomberg) report the statement ofYi Kang (Yi Gang) Governorcentral bank of china (PBOC) in Washington, United States, today (April 16, 2023) that Beijing’s central government has ended most of its regular foreign-exchange intervention and pursued a more convenient policy for foreign currency users.yuanmore However, the authorities still reserve the right to intervene … Read more

“Putin” declares the adoption of Chinese yuan for commercial dealings with nations in Asia, Africa, and Latin America.

“Putin” declares the adoption of Chinese yuan for commercial dealings with nations in Asia, Africa, and Latin America.

Al-Marsad Newspaper: Russian President Vladimir Putin announced the use of the Chinese yuan in settlements and commercial transactions with Asian, African and Latin American countries. “We support the use of the Chinese yuan in settlements between the Russian Federation and the countries of Asia, Africa and Latin America,” he said during his talks with Chinese … Read more

Chinese developers receive more than 100 billion yuan in funding in December

Chinese developers receive more than 100 billion yuan in funding in December

Second ReutersChinese construction companies received 101.8 billion yuan ($14.9 billion) in financing in December, citing data from analyst firm CRIC. This is a third more than in December 2021. The agency notes that such an active growth in the volume of raised funds is associated with the launch of a state program to support China’s … Read more