The calculation of foreign exchange position allows measuring the exposure to currency risk for an investor. The currency position is qualified long, since the assets held by an investor are greater commitments that it may have in that currency. Because of its position, the investor anticipates the increased valuation of the currency held. The […]
The pound/ dollar price Listing Pound / Dollar 1.49247 – Highest: 1.4981 – Lowest: 1.4893 – Opening: 1.49035 Dollar/British Pound is the value of the Pound Sterling expressed in dollars. British Pound / U.S. Dollar therefore denote the exchange rate of the Pound in Dollar, that is to say the value of […]
Transactions of currencies Convert Pounds to Dollars has launched the Currencies equivalence feature to facilitate payments between its users outside the United States. It is pleased to offer advantageous conversion rate compared to other service users. The latest information on the exchange rates is based on “interbank rate base.” Base rates are established in […]
Policies related to the pound are carried out jointly by the BoE (Bank of England) and the MPC (Monetary Policy Committee). Their main objective is to meet the inflation target Price commonly called Retail Index. For this, the MPC uses different tools and meets once a month to discuss the outline to follow. […]
This is in reference to a long cable under the Atlantic past tense, used to synchronize the exchange markets of London and New York, the pair GBP / USD (British pound / U.S. dollar) was nicknamed the “Cable”. Representing approximately 14% of the total volume of purchases and sales of foreign currency (if we compare […]
When traveling abroad, the credit card is often the safest method of payment, most convenient and least expensive in terms of exchange fees. But tourists should be wary of traders who are more likely to offer them to convert their purchases in their own currency. The “dynamic currency conversion” or DCC is particularly popular […]
In 1793, in the city of Philadelphia, seventeen years after the adoption of the Mint Act, the first American coins emerge. However, it seems that the famous greenback has made its debut on the financial scene in 1861. The U.S. dollar has boomed after the Second World War. Subsequently, thanks in part to its investment […]
The key points The main aspects of foreign operations: • Accounting for transactions denominated or settled in foreign currency. • The conversion of financial statements of foreign incorporated into account the consolidating parent company. Gains and losses on foreign exchange transactions should be recognized as income or expense of the year (except […]
Retail sales in the UK are expected to increase another 0.1% in December and the recovery in private consumption should support the pound by reducing the scope of the Bank of England to further expand its balance sheet. While the BoE sees inflation above the target on the political horizon, continuous improvement in household spending […]
The fall of the pound does not end. It’s now 1.50 $ against 1.6350 $ in the beginning of the year, currency British no longer interest traders. England no longer offers growth as interest rates are at 0.5%. The BoE may even increase its program of asset purchases to boost growth and thus to bear […]