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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

Palestine Inflation Rate at 2.58 Percent  
The inflation rate in Palestine was recorded at 2.58 percent in March of 2014. Inflation Rate in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Balance of Trade at -303.30 USD Million  
Palestine recorded a trade deficit of 303.30 USD Million in November of 2013. Balance of Trade in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Industrial Production at -6.90 Percent  
Industrial Production in Palestine decreased 6.90 percent in January of 2014 over the same month in the previous year. Industrial Production in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Unemployment Rate at 25.20 Percent  
Unemployment Rate in Palestine increased to 25.20 percent in the fourth quarter of 2013 from 23.70 percent in the third quarter of 2013. Unemployment Rate in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Current Account at -298.90 USD Million  
Palestine recorded a Current Account deficit of 298.90 USD Million in the third quarter of 2013. Current Account in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Imports at 388.30 USD Million  
Imports in Palestine decreased to 388.30 USD Million in November of 2013 from 394.90 USD Million in October of 2013. Imports in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine Exports at 85.00 USD Million  
Exports in Palestine increased to 85 USD Million in November of 2013 from 71.60 USD Million in October of 2013. Exports in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine GDP Annual Growth Rate at 2.60 Percent  
The Gross Domestic Product (GDP) in Palestine expanded 2.60 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Palestine is reported by the Palestinian Central Bureau of Statistics.
Palestine GDP per capita at 1653.00 USD  
The Gross Domestic Product per capita in Palestine was last recorded at 1653 US dollars in 2012. The GDP per Capita in Palestine is equivalent to 13 percent of the worlds average. GDP per capita in Palestine is reported by the Palestine Monetary Authority.
Palestine GDP at 6.80 USD Billion  
The Gross Domestic Product (GDP) in Palestine was worth 6.80 billion US dollars in 2012. The GDP value of Palestine represents 0.01 percent of the world economy. GDP in Palestine is reported by the World Bank.
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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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