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What is the exchange rate and why the value of the rupee fluctuates against the US dollar
Fluctuations in the value of the rupee against the dollar are a daily occurrence. The value of the rupee, like any other currency, changes almost daily. This concept of currency fluctuation is part of the larger forex market. To…
Revolut digital banking platform explains how consumers can save on cross-border transfers
Digital banking platform Revolution notes in a blog post that, as you may already know, sending funds abroad with traditional banks can be quite expensive and very slow. The fees can be very high and transactions can often take at least…
FOREX-US dollar drops for day 2, but outlook remains positive
* U.S. data mixed as growth seen stalling in Q3
* Commodity currencies rise
* Sterling licking wounds, heads for worst week in a month
* Graphic: World FX rates tmsnrt.rs/2RBWI5E
(Recasts, adds new comment, U.S. data, FX…
… takes the exchange rate war to the streets
BY SHAME MAKOSHRI
RESERVE Bank of Zimbabwe (RBZ) Governor John Mangudya said apex bank will continue its crackdown on black market kingpins to rid the market of delinquent behavior.
In an interview with the Zimbabwe Independent In…
Dollar Hits Year High As Fed Tightens, Iron Ore Prices Rise Aussie
LONDON (Reuters) - The dollar hit a new one-year high against a basket of peers on Thursday on the growing prospect that the Federal Reserve will cut its monetary stimulus from November, while a rebound in ore prices of iron boosted…
Who is driving the parallel market rates up?
By Dr Tim Rainhard
Over the past 18 months, Zimbabwe's economy has rebounded, helped by better performance in the agriculture and mining sectors, an improvement in the balance of payments and the position of the external sector, as…
FOREX-Dollar at 2021 Highs Even as US Government Shutdown Looms
* Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E (Price updates)By Iain WithersLONDON, Sept. 29 (Reuters) - The dollar soared on Wednesday and peaked in 2021 against rival currencies, even as disputes in Washington over the US debt…