Equatorial Guinea Currency

The Equatorial Guinea Currency decreased to 475.45 in April from 475.94 in March of 2014. Equatorial Guinea Currency averaged 493.87 from 2009 until 2014, reaching an all time high of 542.79 in July of 2012 and a record low of 436.52 in November of 2009. The USDXAF spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the XAF. While the USDXAF spot exchange rate is quoted and exchanged in the same day, the USDXAF forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Equatorial Guinea Currency - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
475.45 475.94 542.79 436.52 474.76 | 2014/05 2009 - 2014 Daily

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Equatorial Guinea Currency
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Markets Last Previous Highest Lowest Forecast Unit
Currency 475.45 2014-04-22 475.94 542.79 436.52 474.76 2014-05-31 [+]
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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

Equatorial Guinea Crude Oil Production at 293.00 Thousands Barrels per Day  
Crude Oil Production in Equatorial Guinea remained unchanged at 293 Thousands Barrels per Day in December of 2013 from 293 Thousands Barrels per Day in November of 2013. Crude Oil Production in Equatorial Guinea is reported by the U.S. Energy Information Administration.
Equatorial Guinea Interest Rate at 3.25 Percent  
The benchmark interest rate in Equatorial Guinea was last recorded at 3.25 percent. Interest Rate in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Equatorial Guinea stands at 35 percent. Personal Income Tax Rate in Equatorial Guinea is reported by the Ministry of Finance.
Equatorial Guinea Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Equatorial Guinea stands at 35 percent. Corporate Tax Rate in Equatorial Guinea is reported by the Ministry of Finance.
Equatorial Guinea Government Debt To GDP at 4.70 Percent  
Equatorial Guinea recorded a Government Debt to GDP of 4.70 percent of the country's Gross Domestic Product in 2011. Government Debt To GDP in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea GDP Annual Growth Rate at 5.50 Percent  
The Gross Domestic Product (GDP) in Equatorial Guinea expanded 5.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Equatorial Guinea stands at 15 percent. Sales Tax Rate in Equatorial Guinea is reported by the Ministry of Finance.
Equatorial Guinea Balance of Trade at 2723.70 CFA Franc Billion  
Equatorial Guinea recorded a trade surplus of 2723.70 CFA Franc Billion in 2010. Balance of Trade in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Current Account at -352.70 CFA Franc Billion  
Equatorial Guinea recorded a Current Account deficit of 352.70 CFA Franc Billion in 2010. Current Account in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Inflation Rate at 3.10 Percent  
The inflation rate in Equatorial Guinea was recorded at 3.10 percent in 2013. Inflation Rate in Equatorial Guinea is reported by the Bank of Central African States.
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