forex

Chile Central Bank Won't Rule Out Increasing Foreign Exchange Reserves

2010-12-25T01:57:00.000-08:00

SANTIAGO (Dow Jones)--The president of the Central Bank of Chile reiterated Tuesday he can't rule out increasing the bank's foreign currency reserves, but noted that current levels are "adequate."
With the peso trading at 31-month highs against the dollar, which exporters claim cuts into their competitiveness abroad, currency market participants say the bank could intervene if the peso continues to firm.
"We don't rule out anything ... but we are fairly satisfied with current reserve levels," bank president Jose De Gregorio told business leaders gathered at a conference where he commented on the bank's Monetary Policy Report released earlier this week.
As of Dec. 7, the central bank had $25.64 billion in foreign currency reserves.
The last time the central bank intervened in the local market was in 2008 when it announced programmed daily dollar purchases that lasted for several months.
Before it began its 2008 intervention, the peso was trading at 10-year highs against the dollar.
The central bank also reiterated that in real terms, the peso is trading at the lower end of the central bank's tolerance levels.
"We are at the minimum levels that are coherent with fundamentals," he said, reiterating similar comments made earlier in the month.
The monetary authority bases its decisions on the peso's real exchange rate, which is the nominal rate corrected for prices.

Foreign Exchange for Business

2010-12-25T01:55:00.003-08:00

At Axia Fx we understand that your company’s foreign exchange needs are unique. Our experts in corporate foreign exchange are trained to listen to your requirements, understand your business and help you develop bespoke strategies to maximise your profits and make the most of money market movements. This is done through:

A dedicated Personal Account Manager
Competitive exchange rates to save you money
A fast and straightforward payment to your suppliers
Hedging tools to protect your business against currency fluctuation
An easy to set-up direct debit facility to speed up your transactions and save you time
Up-to-the-minute market knowledge to help you make informed decisions

Universal Currency Converter

2010-12-25T01:55:00.001-08:00

erform currency and foreign exchange calculations using live, mid-market rates. The Universal Currency Converter® contains the top 85 currencies listing the top 10 first. Special units & precious metals are listed alphabetically and at the end. For every world currency, use the Full Universal Currency Converter. Learn about currency codes, or view our list of currency symbols. For help, read our instructions Instructions

Foreign exchange help may be required in 2011 by users of "fragile" pound

2010-12-25T01:54:00.001-08:00

Firms in the UK that use the pound when dealing with companies from across the world may be in need of foreign exchange rates specialist help in 2011, as the outlook for their currency is poor.

Reuters reports the British money is looking "fragile" as the new year approaches and the future is bleak.

Despite this, sterling managed to strengthen its position against the US dollar by 0.3 per cent in early-morning trading today (December 24th).

The positive day came on the back of sustained demand from Asia, although the news source notes the money still hovered close to its three-month low.

Takes place from 22nd November 2010 to 24th December 2010

2010-12-25T01:52:00.002-08:00

Conditions:

Prizes: 1st Place – $500 cash, deposited to the real trading account at Forex-Metal.com. 2nd place – $250. 3rd – $100.
Plus EVERY participant even if he is not a winner will receive a cash prize at the end of the competition.
Anyone is able to participate. Everyone is welcome. It is assumed that the participant will use an expert advisor of his/her choice to help in trading.
The client can open 1 account only.
For the purposes of the competition the accounts can be denominated in USD only.
Competitors may use any instruments for trading, i.e. forex, metals, Oil, Index and share CFDs. Can open as many trades as necessary, as long as free margin in the account allows to do so.

Foreign investors: repatriation of profit..

2010-12-25T01:52:00.000-08:00

KARACHI : The repatriation of profit and dividend by the foreign investors registered a slight increase of 3 percent during the first five months of the current fiscal year. The repatriation of profit was constantly on decline during the initial months of the current fiscal year as global meltdown had hit the profitability of companies, resulting the repatriation of profit and dividend was on decline. However, repatriation of profit and dividend is on surge as foreign investors have repatriated some $288 million on account of profit and dividend during July-November of fiscal year 2010-2011 as against $279 million in the same period of last fiscal year. Sources said that government has allowed 100 percent transfer of profit or dividend to the foreign investment aimed to boost foreign investment in the country.

For each program, Global Nomads will provide participating schools with:

2010-12-25T01:51:00.001-08:00

A lesson plan and learning resources for students and teachers;
Sample questions for students to ask in order to participate in the class;
Advice on teaching with video conferencing and interactive media;
Access to GNG¹s existing network of partner schools in the U.S. and in
other countries;
Sign-ups, scheduling, and coordination of students and schools;
Facilitation of the videoconferences;
Experts in relevant areas when appropriate;
Post conference resources for students to learn more or to stay in contact
with each other;
Technical support

Interactive Programs

2010-12-25T01:50:00.001-08:00

Global Nomads Group aims to bring the world into the classroom. In doing so, its programs are interactive, innovative, and global. GNG organizes programs for schools and students year round with a focus on 10 thematic areas:

* Arts, Culture and Media
* Conflict and Human Rights
* Earth Science
* Environment and Climate Change
* Faith and Society
* Global Development
* Global Politics
* Health and Well-Being
* HIV/AIDS
* Sustainable Communities