The BSP registered FX rate
gains - which are realized gains from FX rate
fluctuations - of P9 billion end-June this year versus P21.51 billion same period in 2018.
Pharos Holding's head of research Radwa el-Sweifysays, "This liberal move is one of the key reasons behind the volatility in the FX rate
." Around $2.4 billion was invested in Egypt's Treasury bills (T-bills) in January 2019, according to the CBE data.
even affects price-controlled products like petrol.
FX Change and Restricted Cash: IHS's adoption of the Nigerian Autonomous Foreign Exchange Rate (NAFEX) of NGN360/USD results in the use of an 15.5% weaker FX rate
. With a majority of IHS's revenue denominated in US dollars, and major US dollar-linked customer contracts using the CBN rate, this change results in an increase in leverage metrics as reported revenue and EBITDA are reduced.
(billion yen) Full-year results (Apr - Mar.) FY2016 FY2017 (Actual) (Actual) Variance Retail volume 926 1,101 +175 (thousand units) Net Sales 1,906.6 2,192.4 +285.8 Operating Profit 5.1 98.2 +93.1 (Operating Margin) (0.3%) (4.5%) (+4.2P.P.) Ordinary Profit 8.9 110.1 +101.2 Net income (*1) -198.5 107.6 +306.1 (*1) Net income at tribut able to owners of the Parent FX rate
: 111 yen/ 1 USD, 130 yen/ 1 EUR 3.38 yen 1THB 2.
Main activities having an impact on customers are the following: (1) requirements of sufficient income or assets enabling repaying a loan in case of increasing of FX rate
; (2) requirements of collateral which value is higher to cover increased FX rate
Gains on FX rate
fluctuations rose to P12.79 billion from 2016's P8.7 billion.
Summary: The Central Bank left the one-week repo rate at 8.0% and the O/N funding rate at 8.5%; stating that it had yet to assess the impact of the FX rate
pass through and weak domestic demand.
$100,000 for the entire season, the seller will defer a portion of this license fee until a time when the FX rate
hits a certain "trigger." In this case the seller could be "deferring" 35 percent of the license fee.
A number of overseas governments sold their holdings in US Treasuries in December, the US Treasury Department reported, with the tendency likely to have continued into the new year as many emerging markets are facing FX rate
risks, forcing local central bank to step up their efforts to support their respective currencies.
It will also give an outright quote on USD/CNY offshore FX rate
, and will enable traders to settle in US Dollars.