| Other Currencies | ||||
| Currency | Symbol | Units per USD | USD per Unit | |
 Afghanistan Afghanis | AFN | 43.025 | 0.0232 |  |
 Albania Leke | ALL | 103.13 | 0.0097 | |
 Algeria Dinars | DZD | 73.13 | 0.0137 | |
 Argentina Pesos | ARS | 4.015 | 0.2491 | |
 Bahamas Dollars | BSD | 1 | 1 | |
 Bahrain Dinar | BHD | 0.377 | 2.6522 | |
 Bangladesh Taka | BDT | 71.3 | 0.014 | |
 Barbados Dollars | BBD | 2 | 0.5 | |
 Bermuda Dollars | BMD | 1 | 1 | |
 Brazil Reais | BRL | 1.6655 | 0.6004 | |
 Bulgaria Leva | BGN | 1.4343 | 0.6972 | |
 CFA BCEAO Francs | XOF | 481.0418 | 0.0021 | |
 CFA BEAC Francs | XAF | 481.0418 | 0.0021 | |
 Chile Pesos | CLP | 479.25 | 0.0021 | |
 China Yuan | CNY | 6.5585 | 0.1525 | |
 Colombia Pesos | COP | 1867.5 | 0.0005 | |
 Comptoirs Francais du Pacifique Francs | XPF | 87.5112 | 0.0114 | |
 Costa Rica Colones | CRC | 496.8 | 0.002 | |
 Croatia Kuna | HRK | 5.4261 | 0.1843 | |
 Czech Republic Koruny | CZK | 17.6215 | 0.0567 | |
 Danish Krone | DKK | 5.4673 | 0.1829 | |
 Dominican Republic Pesos | DOP | 37.4 | 0.0267 | |
 East Caribbean Dollars | XCD | 2.7 | 0.3704 | |
 Egypt Pounds | EGP | 5.877 | 0.1702 | |
 Estonia Krooni | EEK | 3.6731 | 0.2722 | |
 Fiji Dollars | FJD | 1.8295 | 0.5466 | |
 Hong Kong Dollar | HKD | 7.7838 | 0.1285 | |
 Hungary Forint | HUF | 197.6131 | 0.0051 | |
 Iceland Kronur | ISK | 115.75 | 0.0086 | |
 IMF Special Drawing Rights | XDR | 0.6392 | 1.5644 | |
 Indian Rupee | INR | 45.06 | 0.0222 | |
 Indonesia Rupiahs | IDR | 8920 | 0.0001 | |
 Iran Rials | IRR | 10378 | 0.0001 | |
 Iraq Dinars | IQD | 1175.5 | 0.0009 | |
 Israel New Shekels | ILS | 3.655 | 0.2736 | |
 Jamaica Dollars | JMD | 84.6 | 0.0118 | |
 Jordan Dinars | JOD | 0.7095 | 1.4094 | |
 Kenya Shillings | KES | 81.2 | 0.0123 | |
 Kuwaiti Dinar | KWD | 0.279 | 3.5849 | |
 Lebanon Pounds | LBP | 1503.5 | 0.0007 | |
 Malaysian Ringgit | MYR | 3.0365 | 0.3293 | |
 Mauritius Rupees | MUR | 28.8 | 0.0347 | |
 Mexico Pesos | MXN | 12.0454 | 0.083 | |
 Morocco Dirhams | MAD | 8.2249 | 0.1216 | |
 NewZealand $ | NZD | 1.2959 | 0.7717 | |
 Norwegians Krone | NOK | 5.7652 | 0.1735 | |
 Omani Riyal | OMR | 0.3851 | 2.597 | |
 Peru Nuevos Soles | PEN | 2.766 | 0.3615 | |
 Philippines Pesos | PHP | 43.4099 | 0.023 | |
 Poland Zlotych | PLN | 2.8534 | 0.3505 | |
 Qatari Riyal | QAR | 3.642 | 0.2746 | |
 Romania New Lei | RON | 3.1189 | 0.3206 | |
 Russia Rubles | RUB | 29.2649 | 0.0342 | |
 Saudi Riyal | SAR | 3.7503 | 0.2666 | |
 Singapore Dollar | SGD | 1.2723 | 0.786 | |
 Slovakia Koruny | SKK | 3.6731 | 0.2722 | |
 South Africa Rand | ZAR | 7.2063 | 0.1388 | |
 South Korea Won | KRW | 1103.4316 | 0.0009 | |
 Sri Lanka Rupees | LKR | 110.94 | 0.009 | |
 Sudan Pounds | SDG | 2.57 | 0.3891 | |
 Swedish Korona | SEK | 6.4288 | 0.1555 | |
 Swiss Franc | CHF | 0.9639 | 1.0374 | |
 Taiwan New Dollars | TWD | 28.8153 | 0.0347 | |
 Thai Bhat | THB | 30.6886 | 0.0326 | |
 Trinidad and Tobago Dollars | TTD | 6.33 | 0.158 | |
 Tunisia Dinars | TND | 1.4169 | 0.7058 | |
 Turkey New Lira | TRY | 1.5755 | 0.6347 | |
 Venezuela Bolivares Fuertes | VEF | 4.3 | 0.2326 | |
 Vietnam Dong | VND | 19495 | 0.0001 | |
 Zambia Kwacha | ZMK | 4785 | 0.0002 | |
Tuesday, February 8, 2011
Currencies
Top 10 currency traders
| Rank | Name | Market share |
|---|---|---|
| 1 |  Deutsche Bank | 18.06% |
| 2 |  UBS AG | 11.30% |
| 3 |  Barclays Capital | 11.08% |
| 4 |  Citi | 7.69% |
| 5 | Royal Bank of Scotland | 6.50% |
| 6 | JPMorgan | 6.35% |
| 7 | HSBC | 4.55% |
| 8 | Credit Suisse | 4.44% |
| 9 | Goldman Sachs | 4.28% |
| 10 | Morgan Stanley | 2.91% |
Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to TheCityUK estimates has increased its share of global turnover in traditional transactions from 34.6% in April 2007 to 36.7% in April 2010. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price. For instance, when the IMF calculates the value of its SDRs every day, they use the London market prices at noon that day.
Foreign exchange market
Forex" redirects here. For the football club, see FC Forex Braşov.
The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.[1]
The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business's income is in US dollars. It also supports speculation, and facilitates the carry trade, in which investors borrow low-yielding currencies and lend (invest in) high-yielding currencies, and which (it has been claimed) may lead to loss of competitiveness in some countries.[2]
In a typical foreign exchange transaction, a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market began forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.
The foreign exchange market is unique because of
The $3.98 trillion break-down is as follows:
Main foreign exchange market turnover, 1988–2007, measured in billions of USD.The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, institutional investors, currency speculators, corporations, governments, other financial institutions, and retail investors. The average daily turnover in the global foreign exchange and related markets is continuously growing. According to the 2010 Triennial Central Bank Survey, coordinated by the Bank for International Settlements, average daily turnover was US$3.98 trillion in April 2010 (vs $1.7 trillion in 1998).[3] Of this $3.98 trillion, $1.5 trillion was spot foreign exchange transactions and $2.5 trillion was traded in outright forwards, FX swaps and other currency derivatives.
Trading in London accounted for 36.7% of the total, making London by far the most important global center for foreign exchange trading. In second and third places respectively, trading in New York City accounted for 17.9%, and Tokyo accounted for 6.2%.[4]
Turnover of exchange-traded foreign exchange futures and options have grown rapidly in recent years, reaching $166 billion in April 2010 (double the turnover recorded in April 2007). Exchange-traded currency derivatives represent 4% of OTC foreign exchange turnover. FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts.
Most developed countries permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges. All these developed countries already have fully convertible capital accounts. A number of emerging countries do not permit FX derivative products on their exchanges in view of controls on the capital accounts. The use of foreign exchange derivatives is growing in many emerging economies.[5] Countries such as Korea, South Africa, and India have established currency futures exchanges, despite having some controls on the capital account.[1]
| Foreign exchange |
|---|
| Exchange rates Currency band Exchange rate Exchange rate regime Fixed exchange rate Floating exchange rate Linked exchange rate |
| Markets Foreign exchange market Futures exchange Retail forex |
| Products Currency Currency future Non-deliverable forward Forex swap Currency swap Foreign exchange option |
| Historical agreements Bretton Woods Conference Smithsonian Agreement Plaza Accord Louvre Accord |
| See also Bureau de change / currency exchange (office) |
The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business's income is in US dollars. It also supports speculation, and facilitates the carry trade, in which investors borrow low-yielding currencies and lend (invest in) high-yielding currencies, and which (it has been claimed) may lead to loss of competitiveness in some countries.[2]
In a typical foreign exchange transaction, a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market began forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.
The foreign exchange market is unique because of
- its huge trading volume, leading to high liquidity;
- its geographical dispersion;
- its continuous operation: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday;
- the variety of factors that affect exchange rates;
- the low margins of relative profit compared with other markets of fixed income; and
- the use of leverage to enhance profit margins with respect to account size.
The $3.98 trillion break-down is as follows:
- $1.490 trillion in spot transactions
- $475 billion in outright forwards
- $1.765 trillion in foreign exchange swaps
- $43 billion currency swaps
- $207 billion in options and other products
Contents[hide] |
[edit] Market size and liquidity
Trading in London accounted for 36.7% of the total, making London by far the most important global center for foreign exchange trading. In second and third places respectively, trading in New York City accounted for 17.9%, and Tokyo accounted for 6.2%.[4]
Turnover of exchange-traded foreign exchange futures and options have grown rapidly in recent years, reaching $166 billion in April 2010 (double the turnover recorded in April 2007). Exchange-traded currency derivatives represent 4% of OTC foreign exchange turnover. FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts.
Most developed countries permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges. All these developed countries already have fully convertible capital accounts. A number of emerging countries do not permit FX derivative products on their exchanges in view of controls on the capital accounts. The use of foreign exchange derivatives is growing in many emerging economies.[5] Countries such as Korea, South Africa, and India have established currency futures exchanges, despite having some controls on the capital account.[1]
OPEN MARKET FOREX RATES
OPEN MARKET FOREX RATES
Updated at: 9/2/2011 5:16 AM (PST)
Updated at: 9/2/2011 5:16 AM (PST)
Remittance | Buying | Selling | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| International Market Rates |
Wednesday, February 2, 2011
Bolly Wood Film Phas Gaye Re Obama – Review
Film: Phas Gaye Re ObamaCast: Rajat Kapoor, Neha Dhupia, Amol Gupte, Amit Sial, Sanjay Mishra, Manu Rishi among others
Rating:
Director: Subhash Kapoor
Bollywood has proved yet again that it is not always an ensemble star cast and a big budget that works for a film. Phas Gaye Re Obama is the perfect example of a film where it is the content made better through superb performances that wins the hearts of not only the audience but also the critics. It may be recalled here that many films hitting theaters in 2010 were critically acclaimed movies in spite of the fact that they were made at a paltry budget (read Udaan, Tere Bin Laden, Love Sex Aur Dhokha).
Phas Gaye Re Obama begins from where we see the NRI character Om completely bankrupt in the recession hit America. Om, played by Rajat Kapoor, returns to India to acquire the necessary amount of money required to keep his house in the US. But as soon as he lands on Indian soil, Om is kidnapped by underworld dons. The gang who has kidnapped Om are of the idea that he is still a rich man and therefore he will give them money to cope the recession. Phas Gaye Re Obama is the first film which deals with the innovative subject of recession hitting a terrorist gang! And it is this subject which makes the film a must watch.
Something that all film connoisseurs can look forward to is the brilliant screenplay of Phas Gaye Re Obama. Though the cast is nothing to boast about, their acting skills completely overshadow their image. The editing of the Subhash Kapoor project which hits theaters today falls short of expectations at certain places, but the story and performances make up for minor glitches.
Subscribe to:
Posts (Atom)