Latest news with #exchangeRate
Bloomberg
14 hours ago
- Business
- Bloomberg
Taiwan Sets Up Task Force to Help Companies Manage Currency Risk
Taiwan has formed a task force to help exporters and small- and medium-sized enterprises mitigate the impact of the local dollar's sharp appreciation, reflecting growing concern about a surging currency. 'We hope to assist SMEs in coping with exchange rate fluctuations through government support and help them explore the available hedging tools in the current financial environment,' deputy minister Ho Chin-tsang of the Ministry of Economic Affairs said at a briefing Wednesday.
Zawya
15 hours ago
- Business
- Zawya
USD continues to slip against EGP at Egyptian banks on Tuesday
Arab Finance: The US dollar traded at EGP 49.41 for buying and EGP 49.51 for selling at Banque Misr, the National Bank of Egypt (NBE), and the Commercial International Bank Egypt (CIB) on Tuesday. The exchange rate stood at EGP 49.45 for buying and EGP 49.55 for selling at the Suez Canal Bank. At both the United Bank and Al Baraka Bank Egypt, the USD recorded EGP 49.40 for purchasing and EGP 49.50 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Bloomberg
2 days ago
- Business
- Bloomberg
Malaysia's Central Bank Says Ringgit Is Market-Determined
Bank Negara Malaysia said the ringgit's exchange rate is market-determined and that the central bank's derivative positions are used to manage liquidity conditions. 'BNM's short forward positions reflect the central bank's activities in managing the liquidity needs of the domestic financial market for effective financial intermediation,' the central bank said in an emailed statement. 'These positions are utilized to manage liquidity conditions and not to influence exchange rates in the foreign exchange market.'
Bloomberg
2 days ago
- Business
- Bloomberg
ECB's Guindos Says Euro Gain Past $1.20 Would Be Complicated
European Central Bank Vice President Luis de Guindos said an advance in the euro beyond $1.20 could prove tricky for policymakers but current levels aren't cause for concern. In rare remarks by an ECB official on the common currency's exchange rate, Guindos told Bloomberg TV that the speed of the euro's ascent is more worrying than its current level.
Zawya
3 days ago
- Business
- Zawya
USD exchange rates below EGP 50-mark at Egyptian banks on Sunday
Arab Finance: The exchange rate of the US dollar to the Egyptian pound retreated on Sunday. At the Suez Canal Bank, the dollar recorded EGP 49.65 for buying and EGP 50.75 for selling by 3:53 pm. The US dollar traded at EGP 49.64 for buying and EGP 49.74 for selling at the Commercial International Bank Egypt (CIB), Banque Misr, and the National Bank of Egypt (NBE). The exchange rate hit EGP 49.63 for buying and EGP 49.73 for selling at Al Baraka Bank Egypt. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
