This study employed daily exchange rates of US dollar (EXUSD), Euro (EXEUR), Japanese Yen (EXJPY) and Great British Pound Sterling
(EXGBP); and daily closing values of the Nigerian Stock Exchange - All Share Index (NSE-ASI) and Johannesburg Stock Exchange - All Share Index (JSE-ASI) for the period of January 4, 2010 to September 26, 2017; proving 2,017 daily observations.
He said since the end of 2012, the Dalasi had depreciated 11 per cent against the US Dollar, 12 per cent against the Euro and 9 per cent against the British Pound Sterling
The British pound sterling
is hostage to austerity's impact on economic growth and the perception that the incoming Bank of England governor Mark Carney's penchant for inflation targeting.
Chicago, IL, November 21, 2012 --(PR.com)-- The dollar has lost value against virtually all rivals: the euro, British pound sterling
, Chinese yuan, Japanese yen and Indian rupee.
We also saw the deflation in Britain stop after leaving the gold standard and because the British pound sterling
was now worth less, that meant that British goods were now cheaper to export to the rest of the world.
Barroso staunchly defended the Greek plan, lashing out at UK MEPs, who he said were "not going to spend one British pound sterling
to help Greece".
Karachi, July 14, 2011 (Balochistan Times): The Union of Small and Medium Enterprises (UNISAME) has cautioned SME exporters that USA and European economies are heading towards recession and the US Dollar, British Pound Sterling
and the Euro are likely to lose ground and the rate of exchange viz a viz the rupee are expected to fall.
While Sri Lanka rupee had been linked with British pound sterling
its foreign value remained in a stable condition until the official depreciation of British sterling pound in 1967, which action was subject to over valuing of Sri Lanka currency at the foreign exchange market creating possible disadvantages to export economy.
In view of the fact that the Indian economy has been expanding at a sustained high rate of growth, is steadily integrating with the global economy and India has emerged as a prime investment destination worldwide, it was decided to undertake an exercise for selecting a distinct and identifiable symbol for India Rupee (INR) like other major currencies such as US Dollar (USD), British Pound Sterling
(GBP), the Japanese Yen (JPY) and the European Union (EU) Euro.
"With this, Indian rupee will join the select club of currencies such as the US dollar, British pound sterling
, euro and Japanese yen that have a clear distinguishing identity," he said.
Had the exchange rate for the British pound sterling
remained unchanged, the REBITDA for frozen vegetables would have been 5.2 million euros, or 1.6 million higher than the previous year.
The Malawi President Bingu wa Mutharika (above) had strongly resisted pressure from local economists and the international donor community for a depreciation in the local currency--the Malawi kwacha--as a response to the recent world market dictates that have seen the devaluation of major currencies, such as the US dollar and the British pound sterling
, among others.