Tag: Exchange Rate
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Ringgit Climbs to Fresh 7-Year High Against the Dollar as Trading Week Opens
Ringgit closes at fresh 7-year peak against the dollar The Malaysian ringgit closed the trading session at its strongest level in seven years, finishing at around 3.9500/3.9555 per U.S. dollar, from 3.9615/3.9670 at yesterday’s close. This marks the highest closing level since the ringgit touched 3.9480 in May 2018, signaling renewed investor confidence in Malaysia’s…
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Korea’s Coffee Imports Break 2 Trillion Won Mark for the First Time in 2025
Overview: A Milestone for Korea’s Coffee Market Korea has crossed a historic milestone in 2025, with its coffee imports exceeding 2 trillion won for the first time. The surge, valued at roughly $1.38 billion, reflects a combination of higher global coffee prices and a weaker Korean won, which together pushed the cost of importing beans…
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Rupee Slumps to 91.28 Against the Dollar in Early Trade, Marking New Low
Rupee Dips to a Fresh Low in Early Trade The Indian rupee extended its depreciation on Wednesday, slipping 31 paise to reach 91.28 against the U.S. dollar in early trading sessions. The fresh lows add to a downward streak that has frustrated importers and policymakers alike, as the currency remains sensitive to global dollar strength…
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Cedi Depreciation: Ghana Cedi at GH¢10.75 per Dollar
Market snapshot: Cedi weakens to GH¢10.75 per US dollar The Ghana cedi opened the second week of January 2026 trading at about GH¢10.75 to the US dollar on the Bank of Ghana’s interbank market. Data released by the central bank showed the greenback buying at roughly GH¢10.74 on Thursday, January 15, 2026, signaling a broader…
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Ghana Cedi Slips Again: Interbank Rate Hits GH¢10.75 per Dollar as January 2026 Starts on a Weaker Note
February starts with a softer cedi against the dollar The Ghanaian cedi opened the second week of January 2026 weaker on the Bank of Ghana’s interbank foreign exchange market, trading at around GH¢10.75 to one US dollar. Data released by the central bank on Thursday, January 15, 2026, showed the dollar buying at GH¢10.74 at…
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Bessent Encourages Confidence in the Won as He Questions Its Decline
Introduction: A Rare Voice in a Volatile Market In a surprising move that caught traders off guard, Treasury Secretary Scott Bessent offered rare verbal support for South Korea’s won as it slumped toward its weakest level since 2009. The public endorsement, unusual for a senior U.S. official in the currency arena, touched off a brief…
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Pound Sterling Reverses Gains as GBP/USD Dips Near 1.3520 on Tuesday
Summary: A Reversal in the GBP/USD Narrative The Pound Sterling faced a sharp reversal against its peers on Tuesday, giving back earlier gains as the USD rebounded from intraday losses. In the European session, the GBP/USD pair traded down toward the 1.3520 region, underscoring renewed volatility in the currency market. Traders cited a combination of…
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BoG Ends 2025 with Record International Reserves of $13.8 Billion
BoG Concludes 2025 with Record Reserves The Bank of Ghana (BoG) finished 2025 with its international reserves standing at a record $13.8 billion, according to sources familiar with the central bank’s balance sheet. This milestone underscores a year of both strategic accumulations and selective outflows, reflecting the complexities of managing liquidity in a developing economy.…
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Mexican Peso Climbs as Dollar Weakens: Market Update
Market Snapshot The Mexican peso strengthened against the U.S. dollar on Tuesday, closing near 18.38 per dollar as traders priced in a softer greenback. The move comes as foreign exchange markets bet that the Federal Reserve may start cutting interest rates in December, a shift that tends to support riskier assets and emerging-market currencies like…
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Dollar To Naira Black Market Rate Today: November 25, 2025 Update
Overview: Dollar To Naira Black Market Rate Today The Nigerian naira faced a slight slip against the U.S. dollar in the parallel or black market on Tuesday, November 25, 2025. Traders cited rising festive-season demand for foreign currencies as a key driver behind the modest depreciation of the naira against the dollar. While the official…