Archive for the ‘Currencies’ Category

Where World Currency Names Come From

Posted by Tushar Mathur on February 20th, 2012

Have you ever wondered where the dollar got its name from? World currency names are as wide and varied as the cultures that possess them; indeed many are linked to their cultures too. It’s an interesting topic that many might not even realise or think twice about. Let’s go over the history of the world currency and money monikers to better understand how and why these names exist.
The Dollar
Let’s start off with the golden standard; the dollar is tied to pretty much all the currency rates in the world and is often used in more than the United States.

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World Currency Slang Terms and Their Origins

Posted by Tushar Mathur on February 20th, 2012

Slang terms for world currency often find their roots in the appearance or the shape of the money. Within a single currency community, the potential slang terms can be incredibly numerous and varied leading to some interesting commentary on the social and political situations around the world. If currency rates in the world don’t favour a specific currency, then that currency may gain a less than flattering slang term; it’s that simple. Why we use slang in the first place is a topic on itself altogether.
Slang Relating to Importance
Often world currency and money conversion is unrelated to the slang terms but it can have an effect on how much affection is shown toward the currency in question.

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Sterling strong against euro and dollar, Greek bailout deal approves next week

Posted by Tushar Mathur on February 20th, 2012

On Friday trade, the sterling was found to be strong and steady against dollar and euro. Nevertheless the investors were eagerly waiting for the Greek bailout deal that they believe it would turn out to be positive and signed approved in the upcoming week.

Pound is expected to be weak as the pressure was severe for it in selling the retail sales data. This steady status of the sterling is also because of the development by the Greece country. The risk is stated that the pound is underperforming against the dollar and outperforming against euro.

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Rupee sees nine week fall, ends at 49.40 to dollar

Posted by Tushar Mathur on February 15th, 2012

On Friday RBI (Reserve Bank India) however helped the rupee to recover from the losses but the currency reported to meet the nine week low value against dollar. This is the one of the biggest fall in 2 and half months (nine weeks). Traders said that this has regardless caused the wave to trigger the long dollar position.

Since January 30 according the Reuters data provided the low of 49.76 was not seen. Nevertheless on Friday the rupee ended at 49.40 to 49.41 against the dollar. The central bank has sold out with the dollars for about week.

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3 Factors That Will Affect the Exchange Rate between Two Currencies

Posted by Tushar Mathur on February 14th, 2012

Many factors affect the exchange rate between two currencies, the 3 most important ones are discussed here!!

With the rapid increase in globalization connecting different parts of the world the globe is getting smaller and smaller day by day. Gone are the times when the economy sustained itself by restricting trade within its boundaries. The picture of imports and exports is constantly jutting out. This makes the concept of “exchange rate” even more important.

Exchange rate between two currencies determines how much a country is required to pay for imported goods and also how much it is required to receive for the exports.

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Imagining a Single Currency Market

Posted by Tushar Mathur on February 6th, 2012

In the past, a currency market was divided largely by geography and technology. Even the ancient trade markets had barriers in language and transportation. Today we have so many different currencies since over time they evolved naturally into what we see today. Centuries of necessity and barriers that no longer exist; are we ready for a single currency money market? With the advent of the internet, the world is so intrinsically connected that it would be a simple task to get up to date news from the other side of the world instantly.

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Yuan – Mild appreciation, single day rise in month

Posted by Tushar Mathur on February 5th, 2012

Yuan scored greatest points by rising a single day for the entire month. This biggest score was marked on Yuan close on Tuesday against the dollar. In mid of the February the Chinese leader (Xi Jinping) has planned a visit to USA. Amid markets guaranteed that they would provide strength to have big base for the appreciation.

For fore coming weeks the Yuan will be marked to rise for 6.30 per dollar and then it would obtain the narrow range of rest for about the quarter. Impact will be from the euro debt crisis and weak global economy and not from anything else, the china reported.

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One African Currency

Posted by Tushar Mathur on January 27th, 2012

African currencies are hardly considered significant when it comes to forex trading and global markets, but with a single currency being proposed by the African Union for implementation in 2023, it’s worth speculating about what it could mean for the continent.

The hypothetical names being proposed are the Afro and the Afriq. Interestingly, the suggestion of a single currency, though rejected as impractical at the time of suggestion, was originally made by Muammar Gaddafi. The unpopular warmonger also wanted a single military force and passport system, but his monetary idea obviously planted a seed that’s been steadily growing.

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Yuan rose, weakening dollar, stronger GDP data

Posted by Tushar Mathur on January 23rd, 2012

A better GDP data is been marked up than expected. The dollar is therefore weakened when compared with that of the Yuan value raised. A stronger central bank mid point is been obtained due to the Yuan value raised with that of the Gross Domestic Product rate, on Wednesday.

The central bank has set the midpoint at 6, 3205 and on Wednesday the Yuan was at 6.3120. Nevertheless it is 30 pips higher than its previous days (Tuesdays) close. Yuan earned appreciation in its recent week with that of the fear in the economy slowing down.

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Sterling hits 17 month low against dollar, high against euro

Posted by Tushar Mathur on January 16th, 2012

On Friday, the sterling was high against the struggling euro. The euro for past week it was reported to be 16 month low against dollar however on Friday they said that euro has been at 17 month low.  Later on a day count the sources for the euro zone government informed that the Standard & Poor cut the ratings to low grade.

Warning was made on December regarding the cuts in the rates. This lower of rating has been across several countries and even the Germany was not included in the list.

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Yuan gradually down against dollar, Chinese trade in narrow range

Posted by Tushar Mathur on December 26th, 2011

PCB (People’s Bank of China) set the weaker midpoint and after that on the forex trade the Yuan has slipped or fell slightly against the dollar value. However Chinese traders have informed that they would mostly trade in a narrow range of value. Yuan seems to have some potential depreciation because the pressure of the bank has been terribly imposed on the Yuan which caused the pullback in the value of it.

Dealer from the Beijing bank reported that the trading value seems to be so volatile. There seemed a strong intention on the Yuan depreciation because when the Yuan hit the range of 6.35 and at that time the central bank intention was totally focused on bringing down the Yuan.

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Sigh of relief on euro debt crisis, euro holds steady

Posted by Tushar Mathur on December 3rd, 2011

Traders and investors on the euro debt crisis have breathed a sigh of relief as the euro holds strong against dollar and yen. The sales rate of the European bonds has raised their confidence level in the debt. Now it is $1.3456 and 104.68 yen per euro in the forex market trade in the afternoon in Tokyo.

Nevertheless on Thursday in the close on New York trade it was $1.3456 and 104.56 yen per euro. Dollar has risen for about 0.13 yen, which is 77.79 yen from 77.66 yen. The release of the US nonfarm payrolls data will make vast difference in the world’s biggest economy.

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Loss in Domestic equities, rupee fall

Posted by Tushar Mathur on November 27th, 2011

On Friday forex trade, Indian currency rupee fell with the loss in the domestic equities and euro debt crisis has been spiraling down in the dented lack of risk. However ECB (European Central Bank) will interfere in this crucial case and will see to the sharp slide in the rupee is limited to its drop.

On Thursday it was at 52.06 initially and as the day moved on it reached 52.46. On Friday, Rupee ended in the 0.3% weaker price range compared with the Thursday’s close and now it is at 52.23 per dollar.

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Euro rose against dollar with euro debt crisis and pressure on ECB

Posted by Tushar Mathur on November 20th, 2011

On Friday the euro has rosin against the dollar however few days back it was 5 week low against both the dollar and yen. However, the traders were not aware of its rise anyway. The fear of euro was intensifying before a week and it is not anymore. The investors who had their bet on this single currency “euro” have been unwounded and they have their profits in hands.

The thirst to sell the upticks has been increased with the debt crisis in the euro zone. Pressure is been resting upon the ECB (European Central Bank).

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