Selling, general and administrative (SG&A) expenses decreased 4 percent com pared to the three months ended June 30, 2010, due primarily to reductions in head-count and other cost decreases partially offset by new acquisitions and the impact of foreign exchange rates
It is natural for foreign exchange rates
to move as they are traded in the market, but a sharp fluctuation is not desirable,'' Yosano said during a news conference when asked about the yen's current rise versus the U.
Foreign exchange rates
are of course influenced not only by interest rates but by other factors.
Finance Minister Sadakazu Tanigaki said Friday Japanese monetary authorities will continue to closely monitor foreign exchange rates
, indicating they are ready to step into the market to stem sharp appreciation of the yen if they decide it necessary to do so.
For updated information on conversion and foreign exchange rates
, as well as a breakdown of denominations, check the European Central Bank's Website at www.
It claims it can offer foreign exchange rates
up to 5 percent lower than bank-offered rates.
If foreign exchange rates
had remained constant, foreign sales would have increased 3.
Such factors include increasing price and product competition by foreign and domestic competitors, fluctuations in cost and availability of raw materials and energy, the ability to maintain favorable supplier relationships and arrangements, economic and political conditions in international markets, foreign exchange rates
and fluctuations in such rates, and the unpredictability of existing and possible future litigation, including litigation that could result if the asbestos settlement discussed in PPG's filings with the Securities and Exchange Commission does not become effective.
Global Banking News-March 25, 2014--Bank of Canada planning changes to foreign exchange rates