Republic of the Congo Currency

The Republic of the Congo Currency decreased to 475.11 in April from 475.94 in March of 2014. Republic of the Congo Currency averaged 496.26 from 2009 until 2014, reaching an all time high of 542.79 in July of 2012 and a record low of 436.53 in November of 2009. The USDXAF spot exchange rate specifies how much one currency is currently worth in terms of the other. 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 - Republic of the Congo Currency - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
475.11 475.94 542.79 436.53 481.41 | 2014/05 2009 - 2014 Daily

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Republic of the Congo Currency
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Markets Last Previous Highest Lowest Forecast Unit
Currency 475.11 2014-04-16 475.94 542.79 436.53 481.41 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

Republic of the Congo GDP Annual Growth Rate at 4.90 percent  
The Gross Domestic Product (GDP) in Republic of the Congo expanded 4.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Balance of Trade at 4092.35 CFA Franc Billion  
Republic of the Congo recorded a trade surplus of 4092.35 CFA Franc Billion in 2010. Balance of Trade in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Interest Rate at 3.25 Percent  
The benchmark interest rate in Republic of the Congo was last recorded at 3.25 percent. Interest Rate in Republic of the Congo is reported by the Bank of Central African States.
Republic Of The Congo Personal Income Tax Rate at 45.00 percent  
The Personal Income Tax Rate in Republic Of The Congo stands at 45 percent. Personal Income Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic Of The Congo Corporate Tax Rate at 34.00 percent  
The Corporate Tax Rate in Republic Of The Congo stands at 34 percent. Corporate Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic Of The Congo Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Republic Of The Congo stands at 18 percent. Sales Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic of the Congo Current Account at -1163.30 CFA Franc Billion  
Republic of the Congo recorded a Current Account deficit of 1163.30 CFA Franc Billion in 2010. Current Account in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Inflation Rate at 3.40 percent  
The inflation rate in Republic of the Congo was recorded at 3.20 percent in September of 2013. Inflation Rate in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Current Account to GDP at 0.30 percent  
Republic of the Congo recorded a Current Account surplus of 0.30 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Government Budget at 2.40 Percent of GDP  
Republic of the Congo recorded a Government Budget surplus equal to 2.40 percent of the countrys Gross Domestic Product in 2012. Government Budget in Republic of the Congo is reported by the CNSEE, Congo.
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