What is the exchange rate

What is the exchange rate for Hongkong dollars into Sterling?

1.00 HKD = 0.0685800 GBP

Here is a great website for exchange rates

http://www.xe.com/ucc/

What is the exchange rate in Israel today?

$=NIS

What is the exchange rate in Israel today?

The current exchange rate is 3.99 NIS for 1 $. You can follow it on www.themarker.com

What is the exchange rate in Israel today?

1$=about 4 NIS

What is the exchange rate in Israel today?

About 4 shekels to a US dollar.

What is the exchange rate in Israel today?

On May 18th, the official shekel-dollar rate was 3.9960 shekels for a dollar.

The trend is ascendent, although the dollar has gone down dramatically lately.

How is an exchange rate decided?

Exchange rates are set via two different ways: fixed rate and floating.

Fixed rates are set at... errr... a fixed rate. Usually through a policy called dollarization. This is where every currency unit is backed by an equal amount of US dollars in reserves. For example, if a Smolgarian Ziggli (I made that up) is fixed at 4.0 Ziggli to the US dollar and the Smolgarian Central Bank has printed 400 billion Ziggli, they need to have 100 billion US dollars to dollarize. So if somebody buys/sells a ziggli for dollars, the central bank can accomodate the sale with no impact.

The floating exchange rate is much more difficult. The exchange rate is set by a triangle arbitrage called the %26quot;interest rate arbitrage theory%26quot;. The monetary system is all intertwined through three legs.

Leg 1. Current Exchange rate. Currently there are 116 Japanese Yen to the dollar (around that, but just humor me for now if I%26#039;m off a bit).

Leg 2. There are interest rates. You can deposit the Yen in Japanese accounts for essentially zero interest (due to extremely low interest rates in Japan - which actually went negative for a while, but I digress). For argument%26#039;s sake, let%26#039;s say 0%. In the US the interest rates for a 1 year CD are about 5%.

Leg 3. Currency futures. Currency futures perfectly align what the future exchange rate should be. Otherwise, there is an arbitrage opportunity. For example, if I borrow 116m Yen, turn it into US$ 1m dollars and deposit it at 5%, wait one year, then exchange it back to yen to pay off the 116m yen debt. If the Japanese yen currency markets did not factor in a 5% depreciation of the yen, you would have an arbitrage opportunity. That is, you could borrow an infinite amount of money in Japan, deposit it in the US and make an infinite amount of profit.

I live in Singapore and the same thing applies to me. Local CDs earn about 2-3% compared to my US dollars which earn about 5%. Why don%26#039;t I shift all my money to the US? Because the Singapore dollar is expected to strengthen against the US dollar about 2-3% per year. Hence, I%26#039;ve got no reason to shift my money out of Singapore.

Now, the currency futures market is mostly reactive to the interest rate market - which means most of the changes in interest rate expectations (disparity in borrow/lend rates, changing interest rate curves and change in local inflation) mostly affects the exchange rate.

The above is a function part of exchange rate dynamics. But why 4.0 Ziggli instead of 4,000? The PPP theory (as previously described) does partially explain this. However, it breaks down for countries that are dollarized (which used to be a huge amount of countries after the 1997 Asian currency crisis and the Argentinian financial meltdown in the 1990s).

How is an exchange rate decided?

5 bearded guys from the ghetto sit together every saturday night around a table in a dingy room and they decide.

How is an exchange rate decided?

exchange rate is basically decided by the purchasing power parity theory - interdependant on may factors such as GDP,

Political stability, economic conditions etc

What is the exchange rate betwen american and canadian dollar?

how much can I receive in canadian dollar for one american dollar

What is the exchange rate betwen american and canadian dollar?

http://xe.com/

What is the exchange rate betwen american and canadian dollar?

Use yahoo finance, currencies.

Use the table.

convert

What was the exchange rate for the Kuwait Dinar during and after the Gulf War?

I had heard that a lot of people made tons of money on the Dinar after the war. I heard they bought it for almost nothing then sold for a lot.

What was the exchange rate for the Kuwait Dinar during and after the Gulf War?

The Kuwaiti Dinar got as low as $0.10 (ten US cents ) per dinar during the Gulf War. Currently the Kuwaiti Dinar is worth around $3.46.

What was the exchange rate for the Kuwait Dinar during and after the Gulf War?

i heard clinton balanced the budget buy cashing out kuwaiti dinars.? Report It

What was the exchange rate for the Kuwait Dinar during and after the Gulf War?

i think you mean Iraqi Dinar..and here is why:

http://www.edinarfinancial.net/why_inves...

http://www.edinarfinancial.net/history.p...

and about your Question about the Kuwaiti dinar rates during 1990 - 1991 i did a search about the Kuwait dinar exchange rates history and it return with no satisfying result.

What is the exchange rate of the Russia ruble to the US dollar?

I keep this site on my %26quot;Favorite Places%26quot; when I have questions like yours.

http://www.x-rates.com/calculator.html

The x-Rates stands for exchange rates. It will be ok to open it with tour children, parents or paster in the room. ;-)

What is the exchange rate of the Russia ruble to the US dollar?

not important

What is the exchange rate of the Russia ruble to the US dollar?

Go to this website: http://www.xe.com/ucc/

YOu%26#039;ll find currency exchange from any country

Why is the exchange rate for money always changing?

Supply and demand. It works much like stock market trading. The value of foreign currency differs from country to country, and such value may change the whole time foreign exchange trading is open in that country (a good part of a working day). Exchange rates don%26#039;t change on weekends and holidays. The higher the demand for a foreign currency in a country is, the lower its local currency will trade against such foreign currency, and vice-versa.