Exchange rate

2022 - 9 - 27

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Image courtesy of "Syria Direct"

Syria's central bank adjusts exchange rates, lagging behind the ... (Syria Direct)

Damascus is reducing the gap between the official dollar exchange rate, which lags behind the widely used black market rate. The latter is the lodestar for ...

“The Syrian pound will continue to fall until there is a major turn in the course of political events in Syria,” Quman said. “The current increase in exchange rates is a response to increased black market rates,” he added. If the official exchange rate were lifted to equal the parallel market, every dollar being sent from outside Syria would be compensated with a larger number of pounds, increasing the amount of pounds in circulation and creating higher inflation.” Since March 2020, the gap between the official and parallel exchange rates of the Syrian pound to the dollar has widened significantly. “Some market workers avoid it, except those with ties to the regime.” The policy is also one of the ways the regime seeks to decrease the gap between the official and black market exchange rates. It did so again this past April, raising the rate to SYP 2,814, and again to SYP 3,015 on September 19. Thus, changes to the unofficial exchange rate affect the market as a whole more than central bank rates. “The difference provides food and drink for the household for 10 days,” Abu Muhammad said. The central bank also raised the exchange rate for foreign money transfers from SYP 2,800 to SYP 3,000 to the dollar. Market stability for both Abu Abdulhaq and consumers is tied to the unofficial value of the Syrian pound, which deteriorated significantly this year, losing more than In both cases, “I buy foreign currency from the black market, because the central bank only gives dollars at the rates it announces,” he said.

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Image courtesy of "BusinessKorea"

Speculators Fueling Rise in KRW-USD Exchange Rate (BusinessKorea)

Democratic Party of Korea lawmaker Hong Sung-kook said on Sept. 26 that non-residents' net purchase of non-deliverable forward (NDF) hit this year's high of ...

The lawmaker pointed out that a structural improvement is more urgent and important. According to the lawmaker, NDF trading is having a direct impact on the spot exchange rate. The South Korean government intervened in the market by selling the U.S.

Interim Dividend Exchange Rate (Yahoo Eurosport UK)

Gulf Keystone Petroleum Ltd (GKP) Interim Dividend Exchange Rate 28-Sep-2022 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS ...

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Image courtesy of "FrenchEntrée"

How the Fall of the Pound Could Affect your Property Purchase in ... (FrenchEntrée)

Those holding British Pounds and currently in the process of a property purchase in France will have felt the pressure of the pound falling to a record low ...

The sooner you get in contact with a specialist, the more time you have to plan your transaction, save money on the rate and remove the risk of currency fluctuations. This tool is very popular among property buyers as it allows them to fix the whole price of the property ahead of completion giving them the peace of mind and the certainty of how much they are going to pay for the property. One of the advantages of the market order is to ensure that the currency is bought at the desired level even if the market only touches that level very briefly – and this includes when the markets are closed for trading. - Spot contract– A spot contract is an agreement between you your FX provider to exchange money and buy foreign currency at the present exchange rate. She has 13 years’ experience in foreign exchange, and is a qualified European lawyer with experience in European transactions. With a Platinum Trusted Service Award 2020 from independent review site Feefo and 40 years of experience in the industry, FrenchEntree has been recommending moneycorp for more than 15 years. For those a little more risk averse and want certainty over your funds, you also have the option of locking a rate in advance. - Market order– you could target a rate of exchange and if that rate is then hit, we could either buy the funds for you automatically, or notify you for your permission to buy. Using a currency specialist opens the door to a multitude of options for you. They will understand your situation and support you by tracking the rate and guiding you on when is the best time to trade, making your money go further. During this period, the value of your £350,000 will have dropped from €394,278 to €379,260, potentially causing you to not be able to afford your property. In past 3 months we have seen a GBP/EUR at a high of 1.19564 and a low of 1.0836.

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Image courtesy of "FarmersWeekly"

Poor exchange rate limits Arla October milk price rise (FarmersWeekly)

A weaker sterling has cut the amount by which prices will rise for Arla's UK members in October. Arla's overall European farmgate member milk price is set.

This price also includes the guaranteed minimum supplementary payment, which will reduce from 1.339p/litre to 1.329p/litre. Arla’s Euro-based on-account organic price in October is technically not moving. The price for a standard organic liquid litre will reduce by 0.3p/litre to 53.57p/litre. Those on UK Arla Farmers Tesco contracts will see a price rise of 0.54p/litre to 50.38p/litre for October for a standard liquid litre. UK Arla Farmers Morrisons producers will be paid an October price of 50.35p/litre, while those on UK Arla Farmers Morrisons grazing contracts will be paid 50.58p/litre for a standard liquid litre. However, the reduction in the value of the pound means that after the co-op’s calculation of its currency smoothing mechanism, the price for an organic manufacturing standard litre will fall by 0.32p/litre to 55.69p/litre. A standard liquid litre of 4% butterfat and 3.3% protein increases by 0.54p/litre to 48.96p/litre for Arla producers. [Futures contracts: farmer views wanted](https://www.fwi.co.uk/business/markets-and-trends/crop-prices/futures-contracts-farmer-views-wanted) [Take the survey](https://www.fwi.co.uk/business/markets-and-trends/crop-prices/futures-contracts-farmer-views-wanted) In October, prices will be up by 14.23p/litre for the year to date and 18.29p/litre above October 2021 levels. Arla’s overall European farmgate member milk price is set to increase by one eurocent/kg in October but the co-op’s quarterly currency smoothing mechanism cuts the UK members’ price rise by 0.33p/litre to deliver a 0.55p/litre increase. Prices are based on a standard manufacturing litre price with 4.2% butterfat and 3.4% protein on every-other-day collection. A weaker sterling has cut the amount by which prices will rise for Arla’s UK members in October.

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