Exchange rate developments and the events behind them. Each report is dated so you can see when it was published.
These reports were published in April 2013. For current indicative exchange rates, use the currency converter.
Pound Sterling GBP/USD – Trading Higher After gaining yesterday following the Bank of England’s policy announcement, the Pound was little changed this morning prior to the release of a UK housing report. Sterling advanced…
Over the past four years the Krone has strengthened by more than 20 per cent against the Euro, and Norway’s central bank is finding it increasingly difficult to conduct fiscal policy as a result.…
With speculation mounting that the Bank of Thailand intends to halt the Baht’s appreciation through intervention, the Thai currency slid against the US Dollar. This year the Baht has been the best-performing Asian currency,…
Indian Rupee Close to Four-Week Low against Bullish US Dollar At the close of local trade the Indian Rupee was trading at its lowest level against the US Dollar for almost a month. After…
Pound Sterling GBP/USD – Trading lower The Pound slid against its US rival this morning prior to the Bank of England’s policy announcement. The central bank is largely expected to maintain its asset purchase…
Although Cyprus and the International Monetary Fund reached an agreement which will see the IMF bequeathing the struggling island nation 1 billion Euros, the stability of the Eurozone is far from assured. In recent…
Yesterday the Yuan strengthened to 6.1986 Yuan per US Dollar, the strongest level achieved since the Chinese government unified official and market exchange rates almost twenty years ago, at the close of 1993. The…
Over the past twelve months the Krona has advanced by 6 per cent on the Euro. Although some measures now rate the Krona as too expensive, there are industry experts who argue that the…
Pound Sterling GBP/USD – Close to two-week low After falling to a three-week low against the US Dollar yesterday following worse-than-anticipated UK manufacturing data, the Pound experienced a slight upward correction. However, Sterling later…
The Euro slumped to a five-week low against the safe-haven Yen after a string of less-than-impressive data releases for the 17-nation currency bloc. Of particular importance was the news that the unemployment rate in…
After gaining on the US Dollar for five days the Pound has lost ground against its American rival as manufacturing data for the UK failed to meet expectations. Although economists had forecast that a…
Pound Sterling GBP/EUR – Hit two-month high The fiscal crisis in Cyprus and continuing political uncertainty in Italy caused the Euro to broadly soften yesterday, allowing the Pound to briefly achieve a two-month high…