Attachment 1: Currency Pair Matrix
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Introduction of the Euro at the Bratislava Stock Exchange: the Most Frequently Asked Questions
Introduction of the Euro at the Bratislava Stock Exchange: The Most Frequently Asked Questions Starting from the day of the euro introduction, asset values denominated in the Slovak currency are regarded as asset values denominated in the euro currency. How is this stipulation reflected in the conversion of nominal value of shares that form registered capital as well as other securities? Similar to asset values in general, the nominal values of shares that form registered capital and other securities denominated in the Slovak currency are, starting from 1 January 2009, regarded as the nominal values and securities denominated in the euro, based on a conversion and rounding of their nominal values according to a conversion rate and other rules applying to the euro changeover. This condition, however, does not affect the obligation of legal entities to ensure and perform a change, conversion and rounding of the nominal value of shares that form registered capital as well as other securities from the Slovak currency to the euro, in a manner according to the Act on the Euro Currency Introduction in the Slovak Republic and separate legislation. What method is used to convert the nominal value of securities from the Slovak currency to the euro currency? Every issuer of securities denominated in the Slovak currency is obligated to perform the change, conversion and rounding of the nominal value of securities from the Slovak koruna to the euro currency. In the case of equity securities, the conversion of their asset value must be performed simultaneously with the conversion of registered capital. The statutory body of a relevant legal entity is entitled to adopt and carry out the decision on such conversion. -
THE IMPACT of the EURO ADOPTION on SLOVAKIA Thesis
THE IMPACT OF THE EURO ADOPTION ON SLOVAKIA Thesis by Anna Gajdošová Submitted in Partial Fulfillment of the Requirements for the Degree of Bachelor of Science in Business Administration State University of New York Empire State College 2019 Reader: Tanweer Ali Statutory Declaration / Čestné prohlášení I, Anna Gajdošová, declare that the paper entitled: The Impact of the Euro Adoption on Slovakia was written by myself independently, using the sources and information listed in the list of references. I am aware that my work will be published in accordance with § 47b of Act No. 111/1998 Coll., On Higher Education Institutions, as amended, and in accordance with the valid publication guidelines for university graduate theses. Prohlašuji, že jsem tuto práci vypracovala samostatně s použitím uvedené literatury a zdrojů informací. Jsem vědoma, že moje práce bude zveřejněna v souladu s § 47b zákona č. 111/1998 Sb., o vysokých školách ve znění pozdějších předpisů, a v souladu s platnou Směrnicí o zveřejňování vysokoškolských závěrečných prací. In Prague, 06.08.2019 Anna Gajdošová Acknowledgement I would like to express my special thanks to my mentor, Prof. Tanweer Ali, for his useful advice, constructive feedback, and patience through the whole process of writing my senior project. I would also like to thank my family for supporting me during this whole journey of my studies. Table of Contents Methodology .......................................................................................................................... 8 1. Historical Overview -
Introduction of the Euro in Slovakia Summary
The Gallup Organization Flash EB No 187 – 2006 Innobarometer on Clusters Flash Eurobarometer European Commission Introduction of the euro in Slovakia Summary Fieldwork: September 2008 Report: November 2008 The Gallup The Organization This survey was requested by Directorate General Economic and Financial Affairs and coordinated by Directorate General Communication This document does not represent the point of view of the European Commission.Analytical Report, page 1 Flash Eurobarometer 249 – 249 Eurobarometer Flash The interpretations and opinions contained in it are solely those of the authors. Flash EB Series #249 Introduction of the euro in Slovakia Survey conducted by The Gallup Organization, Hungary upon the request of the European Commission, Directorate-General “Economic and Financial Affairs” Coordinated by Directorate-General Communication This document does not represent the point of view of the European Commission. The interpretations and opinions contained in it are solely those of the authors. THE GALLUP ORGANIZATION Summary Flash EB No 249 – Introduction of the euro in Slovakia Introduction The EU’s new Member States1 can adopt the common currency, the euro, once they have fulfilled the criteria defined in the Maastricht Treaty. All of those Member States are expected to join the euro area in the coming years. Slovenia, Cyprus and Malta have already joined the euro area in 2007 and 2008 respectively, while Slovakia is currently preparing to changeover from the Slovak koruna, its national currency, to the euro in January 2009. Concerning the introduction of the euro in the new EU Member States, the European Commission is keeping track of general opinions, the levels of knowledge and information and the familiarity with the single currency among citizens of the respective countries. -
P Id E W O R K in G P a P E
PA K I S TA N I N S T I T U T E O F D E V E L O P M E N T E C O N O M I C S S R E P A P G 1 On Using Exchange Rate for 5 N Promoting Exports 1 I . o K N R O W Atiq-ur-Rehman E D I P August 2017 PIDE Working Papers No. 151 On Using Exchange Rate for Promoting Exports Atiq-ur-Rehman Pakistan Institute of Development Economics, Islamabad PAKISTAN INSTITUTE OF DEVELOPMENT ECONOMICS ISLAMABAD 2017 Editorial Committee Dr Abdul Qayyum Head Dr Durr-e-Nayab Member Dr Anwar Hussain Secretary All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means—electronic, mechanical, photocopying, recording or otherwise—without prior permission of the Publications Division, Pakistan Institute of Development Economics, P. O. Box 1091, Islamabad 44000. Pakistan Institute of Development Economics Islamabad, Pakistan E-mail: [email protected] Website: http://www.pide.org.pk Fax: +92-51-9248065 Designed, composed, and finished at the Publications Division, PIDE. CONTENTS Page Abstract v 1. Introduction 1 2. Trade Impacts of Depreciation 2 3. Debt Impacts of Depreciation 5 4. Exchange Rate, Budget Deficit and Current Account Deficit 6 5. Impact of Depreciation on Income Inequality 7 6. Summary and Conclusion 7 References 7 List of Figures Figure 1. Scatter Diagram of Growth in Exports versus Depreciation of Pakistani Rupee 4 Figure 2. Scatter Diagram of Growth in Exports versus Lagged Depreciation of Pakistani Rupee 5 ABSTRACT In recent years, Pakistani exports suffered large setback and especially textile exports decreased significantly. -
Clearstream Cash & Banking New Banking Services, Easing
Clearstream Cash & Banking Newsletter New banking services, easing global market access In today’s world, financial possibilities are endless. In a single click, you can travel from your desk to halfway across the globe, buying and selling, and making investments in currencies one had never heard of 20 years ago. Click again and translate that exotic currency into another that you, your 16 customers and their customers can comprehend and settle. / It may all sound rather complicated As a meeting place for financial but at Clearstream our objective is institutions, fund managers and to find simple solutions to help our corporate treasurers, the platform customers, wherever they may want delivers that instant currency 0 2 to go. We endeavour to deliver the translation global investors require. ideal processes and the best possible solutions, including enhanced foreign This new partnership has led us to exchange services for currency review our current FX offering with the settlement and income processing. idea to leverage the synergies between the two companies. This could lead A financial world traveller needs to be to improved deadlines and pricing, able to translate currencies: much as full lifecycle reporting, the launch of we need a translator when visiting a new FX products, FX direct dealing foreign country, whose language we do and straight-through-processing. In not speak. Clearstream and its parent, addition, Clearstream already delivers Deutsche Börse, continue to strive for new automated and on-demand excellence in the areas of trade and solutions in foreign exchange services post-trade services. across the majority of its settlement and income currencies. -
Currencies Come in Pairs
Chapter 1.2 Currencies Come in Pairs 0 GETTING STARTED CURRENCIES COME IN PAIRS You know the advantages of trading forex, and you are excited to start Everything is relative in the forex market. The euro, by itself, is neither trading. Now you need to learn what this market is all about. How does it strong nor weak. The same holds true for the U.S. dollar. By itself, it is work? What makes currency pairs move up and down? Most importantly, neither strong nor weak. Only when you compare two currencies together how can you make money trading forex? can you determine how strong or weak each currency is in relation to the other currency. Every successful forex investor begins with a solid foundation of knowledge upon which to build. Let’s start with currency pairs—the For example, the euro could be getting stronger compared to the U.S. building blocks of the forex market—and how you will be using them in dollar. However, the euro could also be getting weaker compared to the your trading. British pound at the same time. In this first section, we will explain the following to get you ready to place Currencies always trade in pairs. You never simply buy the euro or sell the your first trade: U.S. dollar. You trade them as a pair. If you believe the euro is gaining strength compared to the U.S. dollar, you buy euros and sell U.S. dollars at What a currency pair is the same time. If you believe the U.S. -
Devaluation of Currency
Devaluation of Currency Subject: Global Economic Issues Presented to: Mr. Kamran Abdullah Presented By: Abdul Hameed Baloch BM-25011 Institute of Business & Technology, Karachi Institute Of Business & Technology (BIZTEK) Page 1 DEVALUATION OF CURRENCY TABLE OF CONTENTS S. No.Description ACKNOWLEDGEMENT PREFACE CURRENCY Institute Of Business & Technology (BIZTEK) Page 2 1.1 What Is Currency 1.2 Pakistani Currency 1.3 Role Of SBP DEVALUATION 2.1 Introduction 2.2 Devaluation In Modern Economies 2.3 Types Of Exchange Rate Systems 2.4 Country Devaluation 2.5 Effects Of Devaluation EXCHANGE RATE 3.1 SBP’s Policy About Currency 3.2 Exchange Rates FACTORS CAUSING DEVALUATION OF PKR 4.1 Balance Of Payment 4.2 Pakistan’s Balance Of Payment 4.3 Measures For Correcting Adverse BoP 4.4 Suggestions To Improve BoP 4.5 Depleting Foreign Reserves 4.6 Decreased Credit Rating 4.7 Law And Order Situation 4.8 Situation In Northern Pakistan 4.9 Proposed Remedy 4.10 Domestic Issues GLOBAL ISSUES 5.1 OVERVIEW 5.2 SUBPRIME 5.3 US, WAR ON TERROR, FOOD CRISIS AND MORE 5.4 DOLLAR AND CHINA CONCLUSION REFRENCES PREFACE The purpose of this study is to analyze the sharp drop in the value of PKR. The international crisis following the events of September 11, 2001 and the ensuing US attack on Afghanistan caught Pakistan in the crossfire, came with serious Institute Of Business & Technology (BIZTEK) Page 3 economic and political consequences for the country. With increasing number of refugees crossing the border, adverse Balance of Payments and deteriorating law and order situation, Pakistan is loosing the battle to maintain the strength of its currency which is devaluating at a helpless rate. -
Relevant Market/ Region Commercial Transaction Rates
Last Updated: 31, May 2021 You can find details about changes to our rates and fees and when they will apply on our Policy Updates Page. You can also view these changes by clicking ‘Legal’ at the bottom of any web-page and then selecting ‘Policy Updates’. Domestic: A transaction occurring when both the sender and receiver are registered with or identified by PayPal as residents of the same market. International: A transaction occurring when the sender and receiver are registered with or identified by PayPal as residents of different markets. Certain markets are grouped together when calculating international transaction rates. For a listing of our groupings, please access our Market/Region Grouping Table. Market Code Table: We may refer to two-letter market codes throughout our fee pages. For a complete listing of PayPal market codes, please access our Market Code Table. Relevant Market/ Region Rates published below apply to PayPal accounts of residents of the following market/region: Market/Region list Taiwan (TW) Commercial Transaction Rates When you buy or sell goods or services, make any other commercial type of transaction, send or receive a charity donation or receive a payment when you “request money” using PayPal, we call that a “commercial transaction”. Receiving international transactions Where sender’s market/region is Rate Outside of Taiwan (TW) Commercial Transactions 4.40% + fixed fee Fixed fee for commercial transactions (based on currency received) Currency Fee Australian dollar 0.30 AUD Brazilian real 0.60 BRL Canadian -
SBI FOREX CARD RATES Date 30-09-2021 Time 10:00 AM
SBI FOREX CARD RATES Date 30-09-2021 Time 10:00 AM CARD RATES FOR TRANSACTIONS BELOW Rs. 10 LACS CURRENCY TT BUY TT SELL BILL BUY BILL SELL TC BUY TC SELL CN BUY CN SELL PC BUY UNITED STATES DOLLAR USD/INR 73.50 75.00 73.44 75.15 72.80 75.40 72.50 75.50 73.39 EURO EUR/INR 84.71 87.60 84.64 87.78 83.90 88.05 83.50 88.25 84.58 GREAT BRITAIN POUND GBP/INR 98.34 101.48 98.26 101.68 97.40 102.00 96.90 102.25 98.19 JAPANESE YEN JPY/INR 65.23 67.48 65.18 67.61 64.60 67.80 62.10 70.00 65.13 SWISS FRANC CHF/INR 78.11 80.99 78.04 81.16 77.35 81.40 74.35 84.05 77.99 AUSTRALIAN DOLLAR AUD/INR 52.44 54.64 52.40 54.75 52.40 54.90 50.40 56.70 52.36 NEW ZEALAND DOLLAR NZD/INR 50.20 52.39 50.16 52.49 0.00 0.00 47.80 54.35 50.12 CANADIAN DOLLAR CAD/INR 57.35 59.27 57.31 59.38 56.80 59.55 54.60 61.50 57.26 SINGAPORE DOLLAR SGD/INR 53.71 55.41 53.66 55.52 0.00 0.00 51.15 57.50 53.63 HONG KONG DOLLAR HKD/INR 9.38 9.69 9.37 9.71 0.00 0.00 8.90 10.05 9.35 DANISH KRONER DKK/INR 11.40 11.77 11.38 11.80 0.00 0.00 10.80 12.25 11.38 NORWEGIAN KRONER NOK/INR 8.34 8.62 8.33 8.63 0.00 0.00 7.95 8.95 8.31 SWEDISH KRONA SEK/INR 8.30 8.57 8.29 8.59 0.00 0.00 7.90 8.90 8.27 BAHRAINI DINAR BHD/INR 191.13 203.01 190.97 203.42 0.00 0.00 185.65 206.50 190.84 KUWAITI DINAR KWD/INR 238.76 254.17 238.57 254.68 0.00 0.00 231.90 258.55 238.40 UAE DIRHAM AED/INR 19.62 20.84 19.60 20.88 0.00 0.00 19.05 21.20 19.59 SAUDI ARABIAN RIYAL SAR/INR 19.21 20.40 19.19 20.44 0.00 0.00 18.65 20.75 19.18 SOUTH AFRICAN RAND ZAR/INR 4.76 5.06 4.75 5.07 0.00 0.00 4.55 5.15 4.74 CHINESE YUAN CNY/INR -
Recent Characteristics of FX Markets in Asia —A Comparison of Japan, Singapore, and Hong Kong SAR—
Bank of Japan Review 2020-E-3 Recent Characteristics of FX Markets in Asia —A Comparison of Japan, Singapore, and Hong Kong SAR— Financial Markets Department WASHIMI Kazuaki, KADOGAWA Yoichi July 2020 In recent years, turnovers of Foreign Exchange (FX) trading in Singapore and Hong Kong SAR have outweighed those of Japan, and the gap between the two cities and Japan continues to stretch. The two cities consolidate trading of G10 currencies by institutional investors and others by advancing electronic trading. Additionally, a number of treasury departments of overseas financial/non-financial firms are attracted to the two cities, contributing to the increasing trading of Asian currencies in tandem with expanding goods and services trades between China and the ASEAN countries. At this juncture, FX trading related to capital account transactions is relatively small in Asia partly due to capital control measures. However, in the medium to long term, capital account transactions could increase, which would positively affect FX trading. Thinking ahead on post-COVID-19, receiving such capital flows would positively impact on revitalizing the Tokyo FX market, thereby developing Japan’s overall financial markets including capital markets. to understand market structures and revitalize the Introduction Tokyo FX market, it would be beneficial to investigate recent developments in these centers. The Bank for International Settlements (BIS), in Based on above understanding, this paper compares cooperation with the world’s central banks, conducts the FX markets in Tokyo, Singapore, and Hong Kong the Triennial Central Bank Survey of Foreign SAR. The medium- to long-term outlook for Asian 1 Exchange and Over-the-counter Derivatives Markets . -
ASIFMA RMB Roadmap
RMB ROADMAP May 2014 CO AUTHORS ASIFMA is an independent, regional trade association with over 80 member firms comprising a diverse range of leading financial institutions fromboththebuyandsellsideincludingbanks,assetmanagers,lawfirms andmarketinfrastructureserviceproviders.Together,weharnesstheshared interests of the financial industry to promote the development of liquid, deep and broad capital markets in Asia. ASIFMA advocates stable, innovative and competitive Asian capital markets that are necessary to support the region’s economic growth. We drive consensus, advocate solutionsandeffectchangearoundkeyissuesthroughthecollectivestrength andclarityofoneindustryvoice.Ourmanyinitiativesincludeconsultations withregulatorsandexchanges,developmentofuniformindustrystandards, advocacyforenhancedmarketsthroughpolicypapers,andloweringthecost ofdoingbusinessintheregion.ThroughtheGFMAalliancewithSIFMAinthe US and AFME in Europe,ASIFMA also provides insights on global best practicesandstandardstobenefittheregion. ASIFMAwouldliketoextenditsgratitudetoallofthememberfirmsandassociationswho contributedtothedevelopmentofthisroadmap Table of Contents List of Charts .........................................................................................................................................................ii List of Break-Out Boxes ....................................................................................................................................... iii Introduction ........................................................................................................................................................ -
Relevant Market/ Region Commercial Transaction Rates
Last Updated: 31, May 2021 You can find details about changes to our rates and fees and when they will apply on our Policy Updates Page. You can also view these changes by clicking ‘Legal’ at the bottom of any web-page and then selecting ‘Policy Updates’. Domestic: A transaction occurring when both the sender and receiver are registered with or identified by PayPal as residents of the same market. International: A transaction occurring when the sender and receiver are registered with or identified by PayPal as residents of different markets. Certain markets are grouped together when calculating international transaction rates. For a listing of our groupings, please access our Market/Region Grouping Table. Market Code Table: We may refer to two-letter market codes throughout our fee pages. For a complete listing of PayPal market codes, please access our Market Code Table. Relevant Market/ Region Rates published below apply to PayPal accounts of residents of the following market/region: Market/Region list Vietnam (VN) Commercial Transaction Rates When you buy or sell goods or services, make any other commercial type of transaction, send or receive a charity donation or receive a payment when you “request money” using PayPal, we call that a “commercial transaction”. Receiving international transactions Where sender’s market/region is Rate Outside of Vietnam (VN) Commercial Transactions 4.40% + fixed fee Fixed fee for commercial transactions (based on currency received) Currency Fee Australian dollar 0.30 AUD Brazilian real 0.60 BRL Canadian dollar