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Posts Tagged ‘currency’

Serbian currency weakens against euro

The Serbian dinar (RSD) weakened against the euro on Monday by 39 paras. This set the official middle exchange rate at RSD 104.6051 for one euro, announced the National Bank of Serbia (NBS).

Serbian currency strongest this year

The Serbian dinar (RSD) gained 42 paras in value against the euro on Thursday, setting the official middle exchange rate at RSD 104.1572. This is the highest value for the Serbian currency so far this year.

Serbian currency again gains ground

The Serbian dinar has strengthened by 19 paras on Monday, setting the official middle exchange rate at RSD 104.7584 for one euro (EUR). In 2011, the Serbian currency was the strongest on January 19 (104.2150), and weakest on January 6 (106.4947).

Central bank buys hard currency

The Serbian dinar (RSD) has continued to strengthen against the euro for the seventh consecutive day. On Tuesday its value increased by 56 paras, thus setting the official middle exchange rate at RSD 104,3460, announced the National Bank of Serbia.

Serbian currency continues to recover

The Serbian dinar (RSD) has continued to strengthen against the euro for the fourth consecutive day. On Thursday its value increased by 40 paras or 0.38 percent, thus setting the official middle exchange rate at RSD 105,2982, announced the National Bank of Serbia.

Serbian currency continues to recover

The Serbian dinar (RSD) gained 0.19 percent against the euro (EUR) on Tuesday. The official middle exchange rate is today at RSD 106.1811, announced the National Bank of Serbia.

Currency to make slight recovery

The Serbian dinar will on Monday, January 10, strengthen against the euro by 11 paras, or by 0.1 percent. The official middle exchange rate after the holidays will be RSD 106.3839 per euro, the National Bank of Serbia (NBS) said on Thursday.

Serbian currency continues slide

The Serbian dinar weakened against the euro by 47 paras on Wednesday, the central bank has announced. The official middle exchange rate today is RSD 106.485 for one euro.

Michael Hudson: Average Stock Held for 22 Seconds and Average Foreign Currency Position Held for 30 Seconds

Michael Hudson is a highly-regarded economist. He is a Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Trai…

Estonia prepares to adopt euro

A currency changing cow is helping to mark Estonia’s historic New Year entry into the euro zone.

Installed in the capital Tallinn, the robotic beast allows people to change their money at an advantageous exchange rate.

Is Gold – Or Fiat Currency – In a Bubble?

It is easy to argue that gold is in a bubble.But as I pointed out last month:Deutsche Bank’s head commodities researcher [Michael Lewis] wrote in September:Gold prices would need to surpass USD 1,455/oz to be considered extreme in real terms and hit …

Serbian currency to lose 0.2 percent

The Serbian dinar (RSD) will continue to weaken against the euro on Tuesday for the second day in a row. Today the home currency will lose 0.2 percent of its value, despite the central bank’s intervention worth EUR 20mn.

Serbian currency again weakens

The Serbian dinar (RSD) lost 0.74 percent of its value on Monday against the euro (EUR). The official middle exchange rate today stands at RSD 105.8786 per euro, the National Bank of Serbia said.

Serbian currency loses more value

The Serbian dinar lost 94 paras of its value gainst the euro on Tuesday. The official middle exchange rate is now RSD 106,5390 for one euroe, announced the National Bank of Serbia (NBS).

Serbian currency in week of recovery

The Serbian dinar (RSD) will continue to rise against euro on Friday for the seventh day in a row. The home currency will strengthen by 0.48 percent, thus setting the official middle exchange rate at RSD 104.3355, the National Bank of Serbia (NBS) stated in a release.

“Serbian currency recovery temporary”

The value of the Serbian dinar (RSD) against the euror (EUR) has increased since last Friday, but experts say this is temporary. Currently, the middle exchange rate is at RSD 106.09 for one euro.

Singapore currency intervention totalled US$17b, DBS says

Singapore’s central bank spent an estimated US$17 billion ($22.2 billion) buying foreign currencies in October as capital inflows rose at the fastest pace since March 2008, according to DBS Group Holdings.

The island is attracting more capital than other economies in Asia because its interest rates are probably “too high given the currency regime in place,” David Carbon, head of economic and currency research at DBS Bank in Singapore, wrote in a report yesterday. The Monetary Authority of Singapore spent about US$8.2 billion in spot-market intervention and US$8.6 billion in forward-market intervention, he said.

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Currency weakens despite intervention

The Serbian dinar (RSD) will weaken on Tuesday by 11 paras, setting the official middle exchange rate at RSD 107.1945 for one euro.
The National Bank of Serbia (NBS) announced that this comes after it sold EUR 20mn on the interbank foreign exchange market to alleviate excessive daily fluctuations in the exchange rate.

C. bank sells more hard currency

The Serbian dinar (RSD) will weaken 0.08 percent or eight paras against the euro (EUR) On Friday.
Thus the official middle exchange rate is RSD 106.8124 for one euro.

Singapore forecasts record expansion in 2010; currency climbs

Singapore said its economy will expand a record 15% this year, the fastest pace in Asia, even as slowing global growth threatens to damp export demand. The island’s currency rose.

Gross domestic product will grow 4% to 6% in 2011, the trade ministry said in a statement. The economy, vulnerable to swings in demand for its drugs and electronics, shrank less than previously estimated in the third quarter. The nation, which has had three recessions in the past decade, won’t experience one this year, the government said today.

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