Guinean Franc

The Guinean Franc remained unchanged at 7030 in April from 7030 in March of 2014. Guinean Franc averaged 4076.94 from 1998 until 2014, reaching an all time high of 7652.50 in March of 2011 and a record low of 1267.50 in December of 1998. The USDGNF spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDGNF spot exchange rate is quoted and exchanged in the same day, the USDGNF forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Guinean Franc - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7030.00 7030.00 7652.50 1267.50 7044.45 | 2014/05 1998 - 2014 Daily

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Guinean Franc
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Markets Last Previous Highest Lowest Forecast Unit
Currency 7030.00 2014-04-23 7030.00 7652.50 1267.50 7044.45 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

Guinea Interest Rate at 16.00 Percent  
The benchmark interest rate in Guinea was last recorded at 16 percent. Interest Rate in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Personal Income Tax Rate at 40.00 percent  
The Personal Income Tax Rate in Guinea stands at 40 percent. Personal Income Tax Rate in Guinea is reported by the Ministry of Economy and Finance.
Guinea Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Guinea stands at 35 percent. Corporate Tax Rate in Guinea is reported by the Ministry of Economy and Finance.
Guinea Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Guinea stands at 18 percent. Sales Tax Rate in Guinea is reported by the Ministry of Economy and Finance.
Guinea Balance of Trade at -103.83 USD Million  
Guinea recorded a trade deficit of 103.83 USD Million in the second quarter of 2013. Balance of Trade in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Current Account at -321.96 USD Million  
Guinea recorded a Current Account deficit of 321.96 USD Million in the second quarter of 2013. Current Account in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Government Budget at -1.40 Percent of GDP  
Guinea recorded a Government Budget deficit equal to 1.40 percent of the country's Gross Domestic Product in 2012. Government Budget in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Unemployment Rate at 22.30 Percent  
The unemployment rate in Guinea was last reported at 22.3 percent in 2009. Unemployment Rate in Guinea is reported by the INS, Guinea.
Guinea Inflation Rate at 10.30 Percent  
The inflation rate in Guinea was recorded at 10.30 percent in November of 2013. Inflation Rate in Guinea is reported by the Institut National de la Statistique de Guinée.
Guinea Current Account to GDP at -18.28 Percent  
Guinea recorded a Current Account deficit of 18.28 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Guinea is reported by the Central Bank of Republic of Guinea.
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