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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

East Timor Unemployment Rate at 9.80 Percent  
Unemployment Rate in East Timor increased to 9.80 percent in 2010 from 7.20 percent in 2004. Unemployment Rate in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Current Account to GDP at 40.00 Percent  
East Timor recorded a Current Account surplus of 40 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in East Timor is reported by the Central Bank of Timor-Leste.
East Timor Current Account at 1900.00 USD Thousand  
East Timor recorded a Current Account surplus of 1900 USD Thousand in 2013. Current Account in East Timor is reported by the Central Bank of Timor-Leste.
East Timor GDP Annual Growth Rate at 8.00 Percent  
The Gross Domestic Product (GDP) in East Timor expanded 8 percent in 2013 from the previous year. GDP Annual Growth Rate in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Balance of Trade at -35237.18 USD Thousand  
East Timor recorded a trade deficit of 35237.18 USD Thousand in February of 2014. Balance of Trade in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Imports at 37747.18 USD Thousand  
Imports in East Timor decreased to 37747.18 USD Thousand in February of 2014 from 99402.29 USD Thousand in January of 2014. Imports in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Exports at 2510.00 USD Thousand  
Exports in East Timor increased to 2510 USD Thousand in February of 2014 from 2243.40 USD Thousand in January of 2014. Exports in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Inflation Rate at 2.36 Percent  
The inflation rate in East Timor was recorded at 2.36 percent in February of 2014. Inflation Rate in East Timor is reported by the National Statistics Directorate, Timor.
East Timor Government Budget at -0.50 Percent of GDP  
East Timor recorded a Government Budget deficit equal to 0.50 percent of the country's Gross Domestic Product in 2012. Government Budget in East Timor is reported by the National Statistics Directorate, Timor.
East Timor GDP per capita at 690.83 USD  
The Gross Domestic Product per capita in East Timor was last recorded at 690.83 US dollars in 2012. The GDP per Capita in East Timor is equivalent to 6 percent of the worlds average. GDP per capita in East Timor is reported by the World Bank.
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LATEST NEWS

Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
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