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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.


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Guinea Bissau Inflation Rate at -2.10 percent  
The inflation rate in Guinea Bissau was recorded at -2.10 percent in February of 2014. Inflation Rate in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Current Account to GDP at -6.30 Percent  
Guinea Bissau recorded a Current Account deficit of 6.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Balance of Trade at -34.65 CFA Franc Billion  
Guinea Bissau recorded a trade deficit of 34.65 CFA Franc Billion in 2010. Balance of Trade in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Interest Rate at 3.50 percent  
The benchmark interest rate in Guinea Bissau was last recorded at 3.50 percent. Interest Rate in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Current Account at -35.05 CFA Franc Billion  
Guinea Bissau recorded a Current Account deficit of 35.05 CFA Franc Billion in 2010. Current Account in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau Government Budget at -2.30 Percent of GDP  
Guinea Bissau recorded a Government Budget deficit equal to 2.30 percent of the country's Gross Domestic Product in 2012. Government Budget in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
Guinea Bissau GDP per capita at 423.38 USD  
The Gross Domestic Product per capita in Guinea Bissau was last recorded at 423.38 US dollars in 2012. The GDP per Capita in Guinea Bissau is equivalent to 3 percent of the worlds average. GDP per capita in Guinea Bissau is reported by the World Bank.
Guinea Bissau GDP per capita PPP at 1027.70 USD  
The Gross Domestic Product per capita in Guinea Bissau was last recorded at 1027.70 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Guinea Bissau, when adjusted by Purchasing Power Parity is equivalent to 5 percent of the worlds average. GDP per capita PPP in Guinea Bissau is reported by the World Bank.
Guinea Bissau Population at 1.66 million  
The total population in Guinea Bissau was last recorded at 1.7 million people in 2012 from 0.6 million in 1960, changing 159 percent during the last 50 years. Population in Guinea Bissau is reported by the World Bank.
Guinea Bissau GDP at 0.89 USD Billion  
The Gross Domestic Product (GDP) in Guinea Bissau was worth 0.89 billion US dollars in 2012. The GDP value of Guinea Bissau represents less than 0.01 percent of the world economy. GDP in Guinea Bissau is reported by the World Bank.
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LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
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