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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

Kuwait Crude Oil Production at 2650.00 Thousands Barrels per Day  
Crude Oil Production in Kuwait remained unchanged at 2650 Thousands Barrels per Day in October of 2013 from 2650 Thousands Barrels per Day in September of 2013. Crude Oil Production in Kuwait is reported by the U.S. Energy Information Administration.
Kuwait Capital Flows at -9338.00 KWD Million  
Capital Flows in Kuwait decreased to -9338 KWD Million in 2010 from -7293 KWD Million in 2009. Capital Flows in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Consumer Spending at 11348.80 KWD Million  
Consumer Spending in Kuwait increased to 11348.80 KWD Million in 2012 from 10319 KWD Million in 2011. Consumer Spending in Kuwait is reported by the Central Bank of Kuwait.
Kuwait GDP Constant Prices at 19245.40 KWD Million  
GDP Constant Prices in Kuwait increased to 19245.40 KWD Million in 2011 from 18104.20 KWD Million in 2010. GDP Constant Prices in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Government Budget Value at -6066.30 KWD Million  
Kuwait recorded a government budget deficit of 6066.30 KWD Million in March of 2013. Government Budget Value in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Government Spending at 7775.40 KWD Million  
Government Spending in Kuwait increased to 7775.40 KWD Million in 2012 from 6626.40 KWD Million in 2011. Government Spending in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Gross Fixed Capital Formation at 7746.40 KWD Million  
Gross Fixed Capital Formation in Kuwait increased to 7746.40 KWD Million in 2012 from 7261.60 KWD Million in 2011. Gross Fixed Capital Formation in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Producer Prices at 123.40 Index Points  
Producer Prices in Kuwait decreased to 123.40 Index Points in December of 2013 from 123.90 Index Points in November of 2013. Producer Prices in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Remittances at 4412.00 KWD Million  
Remittances in Kuwait increased to 4412 KWD Million in 2012 from 3660 KWD Million in 2011. Remittances in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Tourist Arrivals at 5729.00 Thousand  
Tourist Arrivals in Kuwait increased to 5729 Thousand in 2012 from 5574 Thousand in 2011. Tourist Arrivals in Kuwait is reported by the The Statistical, Economic and Social Research and Training Centre for Islamic Countries.
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LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
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.
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