Burundi--Consultative Group Meeting Nov 17, 2009
With international commodity prices higher in the first half of 2008, 12-month inflation peaked at about 30 percent in June before declining to about 26 percent by year-end, which contributed to the 16 percent appreciation of the real effective exchange rate. Higher donor support helped build gross official reserves to about 6 months of imports. (IMF News)
Balance Of Payment Deteriorates Into Deficit CEPA Nov 11, 2009
The huge increase in imports according to CEPA was driven by strong domestic demand on account of increasing public expenditure and continuing appreciation of the real effective exchange rate of the cedi vis--vis currencies of major trading-partner countries. On the supply side, CEPA observed, Ghanas major export commodities gold, cocoa beans and products seemed to have benefited in 2008 from a more favourable external environment even in the midst of the global financial crisis and... (Ghana Web, Ghana)
Press Release: Statement of the IMF Mission on the 2009 Article IV Consultation Discussion with Algeria Nov 5, 2009
In addition, the Bank of Algeria is continuing to maintain the real effective exchange rate close to its equilibrium level. In this period of moderate world economic recovery, it is important to frame a concerted, well orchestrated strategy implementing policies that foster the emergence of a dynamic and competitive private sector. (IMF News)
Japan's exports slip as strong yen weighs Oct 22, 2009
The yen's real trade-weighted effective exchange rate compiled by the Bank of Japan strengthened 3. 1 per cent in September from August. (Sydney Morning Herald -- Business)
U.S. says China not currency manipulator Oct 16, 2009
"Since the end of the dollar peg in July 2005, the renminbi has appreciated a cumulative 21.2 percent against the dollar and 15.7 percent on a real effective basis, based on the BIS (Bank for International Settlements) measure, said the report. According to the BIS index, China's real effective exchange rate appreciated 13.3 percent between June 2008 and February 2009, it said. The report also said China has made notable contributions to the world economic recovery. China's "timely and... (Xinhuanet, China)
Positive news boosts ringgit Oct 9, 2009
It said in the medium term, the ringgits nominal effective exchange rate should appreciate broadly in line with other regional currencies, underpinned by a pick-up in economic growth to 5. 5% in 2010 from negative 2. (The Star Online, Malaysia -- Business)
Yen Effective Exchange Rate for September Rises to 6-Month High, BOJ Says Oct 2, 2009
Yen Effective Exchange Rate for September Rises to 6-Month High - Bloomberg ... Yen Effective Exchange Rate for September Rises to 6-Month High. (Bloomberg -- Asia)
* Perng says CPI is top concern Oct 1, 2009
Tigr Cheng ({), a strategist at Polaris Securities Co (_), said that according a statement the central bank prepared for lawmakers yesterday, the NT dollars real effective exchange rate X which factors in price level differences between trading partners X was more than 5 percent below its 36-month moving average. That means the currency is technically undervalued, Cheng said. (Taipei Times, Taiwan -- World Business)
Press Release: IMF Executive Board Approves US$21.5 Million PRGF Arrangement for the Union of the Comoros Sep 22, 2009
Real effective exchange rate (2000=100). 129. (IMF News)
Offerpal Media Launches Multivariate Testing Platform for Online Game Developers Sep 17, 2009
"Based on our experience having issued more than 30 billion virtual points, one of the clear needs we identified for our partners is helping them establish an effective exchange rate," said Anu Shukla, Founder & CEO of Offerpal Media. "This new product is designed to help developers easily identify the ideal exchange rate that monetizes effectively while delivering an optimum user experience.". (PR Newswire)
Press Release: Statement by an IMF Mission to Costa Rica Aug 26, 2009
In addition, the mission s analysis suggests that the current level of the real effective exchange rate is broadly in equilibrium. Performance under the Stand-By Arrangement has been commendable. (IMF News)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the Republic of Kazakhstan Jul 29, 2009
Real effective exchange rate (period average) 4. 3. (IMF News)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the People's Republic of China Jul 23, 2009
Since the middle of 2008, nominal exchange rate appreciation against the U.S. dollar has stopped although the nominal effective exchange rate has appreciated 5 percent ... Real effective exchange rate. (IMF News)
Press Release: IMF Executive Board Approves US$1.57 Billion Stand-By Arrangement for Bosnia and Herzegovina Jul 9, 2009
Real effective exchange rate (2000=100, increase=appreciation) 2. 87. (IMF News)
Mboweni unhappy with rand strength Jun 3, 2009
"In May the published transcript of a speech he [Mboweni] gave included comments that the Sarb forecasts the real effective exchange rate to weaken 4.5 percent over the rest of the year.". Cairns added that while the governor's comments were often "misinterpreted" by the markets, his latest rand comments seemed deliberate enough to be taken seriously. (Business Report, South Africa)
Rand slightly weaker on euro Jun 3, 2009
He noted that in May the published transcript of a speech he gave included comments that the Sarb forecasts the real effective exchange rate to weaken 4. 5 percent over the rest of the year. (Business Report, South Africa)
Mboweni explains inflation assumptions May 22, 2009
It estimated that the real effective exchange rate of the rand would remain unchanged next year, he added. The Reserve Bank has cut its benchmark interest rate four times since December, pushing it to 8. (Business Report, South Africa)
No reason for weakening Singapore dollar:MAS Apr 14, 2009
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Singapore dollar depreciated as contraction looms Apr 14, 2009
The Singapore dollar is traded against a basket of currencies of its major trading partners within an undisclosed trading band known as the nominal effective exchange rate. Details of the trading band are not made public to prevent speculation in the Singapore dollar. (Sydney Morning Herald -- Business)
Renewed strength of euro threatens economy Mar 21, 2009
It accounts for 21 percent of the E.C.B.'s nominal effective exchange rate, a weighted average of euro currency rates against its major trading partners. The dollar accounts for 24 percent. (International Herald Tribune)
Lebanon -- 2009 Article IV Consultation Mission, Mission Concluding Statement Mar 7, 2009
Moreover, although the recent strength of the U.S. dollar has led to some real appreciation of the Lebanese pound, the real effective exchange rate remains broadly in line with fundamentals ... Real effective exchange rate (annual average, percent change). (IMF News)
Press Release: IMF Executive Board Approves US$3.8 Million PRGF Arrangement for São Tomé and Príncipe Mar 4, 2009
Strengthening and deepening the financial sector and improving the investment climate should be given high priority," Mr. Portugal said. The PRGF is the IMF's concessional facility for low-income countries. PRGF-supported programs are based on country-owned poverty reduction strategies. These strategies are adopted after an inclusive process involving civil society and development partners and articulated in a Poverty Reduction Strategy Paper (PRSP). This is intended to ensure that... (IMF News)
Press Release: IMF Approves ?402.5 million Stand-By Arrangement for Serbia Feb 9, 2009
Real effective exchange rate (annual average change, in percent; + indicates appreciation). 6. (IMF News)
Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation withBolivia Feb 9, 2009
Executive Directors considered the real effective exchange rate level to be broadly appropriate. Many Directors believed that greater exchange rate flexibility, supported by an appropriate monetary policy framework, would help absorb possible negative external shocks stemming from adverse movements in commodity prices. (IMF News)
Public Information Notice: IMF Executive Board Concludes First Post-Program Monitoring Review with the Dominican Republic Feb 9, 2009
Directors took note of the staff assessment that the real effective exchange rate is broadly in line with fundamentals. With the substantial uncertainties in the global economic outlook, and in the event that sufficient financing for the external current account does not materialize, imports would need to contract and, in that scenario, the authorities were encouraged to consider a less tightly managed exchange rate to help cushion potential external shocks and to facilitate the conduct of... (IMF News)
