Why Countries Hold Foreign Exchange Reserves

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First Time in Indian History Forex reserves touched $500 billion mark. Today India overtook Russia & Korea to become 3rd largest forex reserve holder after China and Japan as the robust foreign funds inflow amid a raging Pandemic drives the country towards a momentous Landmark.

First Time in Indian History Forex reserves touched $500 billion mark. Today India overtook Russia & Korea to become 3rd largest forex reserve holder after China and Japan as the robust foreign funds inflow amid a raging Pandemic drives the country towards a momentous Landmark. submitted by BigSurround2 to IndiaSpeaks [link] [comments]

Forex reserves up from $8.5bn to $12.5bn, current account deficit cut from $20bn to $3bn in 2 years, cabinet told

Forex reserves up from $8.5bn to $12.5bn, current account deficit cut from $20bn to $3bn in 2 years, cabinet told submitted by iampakistan to pakistan [link] [comments]

Weekly Forex & Currency Update #23 (August 28, 2020): Forex Reserves in SBP - $12.71 Billion (+0.57%); USD/PKR - 165.87 (-0.886%)

I missed a week there, sorry about that.
The percentage changes in the title are compared to the previous week.

Size of the Forex Reserves of Pakistan since July 30

Date Foreign Exchange Reserves in the SBP Week-on-Week Percentage Change (In SBP) Month-on-Month Percentage Change(In SBP)** Total Foreign Exchange Reserves Week-on-Week Percentage Change (Total) Month-on-Month Percentage Change (Total)**
July 30*, 2020 $12.5422 Billion +4.73% +4.16% $19.5629 Billion +3.44% +4.11%
August 07, 2020 $12.4693 Billion -0.58% +3.44% $19.5183 Billion -0.23% +2.98%
August 13*, 2020 $12.6084 Billion +1.12% +4.02% $19.6555 Billion +0.70% +3.19%
August 21, 2020 $12.6408 Billion +0.26% +5.55% $19.7224 Billion +0.34% +4.28%
August 28, 2020 $12.7127 Billion +0.57% +1.36% $19.8428 Billion +0.61% +1.43%
*July 31, 2020 and August 14, 2020 were public holidays.
**A month refers to four weeks, as the data is released on a weekly basis.

USD/PKR Mid-Market Daily Average Exchange Rate since July 30

Date USD to PKR Exchange Rate Week-on-Week Percentage Change Month-on-Month Percentage Change**
July 30, 2020* 167.57230 +0.0888% +0.4328%
August 07, 2020 167.89815 +0.1945% +0.9398%
August 13, 2020* 167.99815 +0.0596% +0.4358%
August 21, 2020 168.21480 +0.1290% +0.4726%
August 27, 2020* 167.35600 -0.5105% -0.1291%
September 04, 2020 165.87335 -0.8859% -1.2060%
*July 31, 2020 and August 14, 2020 were public holidays. Data for August 28, 2020 is not available.
**A month refers to four weeks to keep consistent with the last chart
Foreign Exchange Reserve Size Source
Forex Data archived on September 06, 2020
USD/PKR Exchange Rate Source
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submitted by AAAbbasi786 to pakistan [link] [comments]

Weekly Forex & Currency Update #24 (September 11, 2020): Forex Reserves in SBP - $12.82 Billion (+0.10%); USD/PKR - 165.78 (-0.115%)

I missed a week again. If it happens again I'll put Biweekly in the title.
The percentage changes in the title are compared to the previous week.

Size of the Forex Reserves of Pakistan since August 13

Date Foreign Exchange Reserves in the SBP Week-on-Week Percentage Change (In SBP) Month-on-Month Percentage Change(In SBP)** Total Foreign Exchange Reserves Week-on-Week Percentage Change (Total) Month-on-Month Percentage Change (Total)**
August 13*, 2020 $12.6084 Billion +1.12% +4.02% $19.6555 Billion +0.70% +3.19%
August 21, 2020 $12.6408 Billion +0.26% +5.55% $19.7224 Billion +0.34% +4.28%
August 28, 2020 $12.7127 Billion +0.57% +1.36% $19.8428 Billion +0.61% +1.43%
September 04, 2020 $12.8078 Billion +0.75% +2.71% $19.9613 Billion +0.60% +2.27%
September 11, 2020 $12.8204 Billion +0.10% +1.54% $19.9590 Billion -0.01% +1.54%
*August 14, 2020 was a public holiday.
**A month refers to four weeks, as the data is released on a weekly basis.

USD/PKR Mid-Market Daily Average Exchange Rate since August 13

Date USD to PKR Exchange Rate Week-on-Week Percentage Change Month-on-Month Percentage Change**
August 13, 2020* 167.99815 +0.0596% +0.4358%
August 21, 2020 168.21480 +0.1290% +0.4726%
August 27, 2020* 167.35600 -0.5105% -0.1291%
September 04, 2020 165.87335 -0.8859% -1.2060%
September 11, 2020 165.96950 +0.0459% -0.0173%
September 18, 2020 165.77935 -0.1146% -1.4478%
*August 14, 2020 was a public holiday. Data for August 28, 2020 is not available.
**A month refers to four weeks to keep consistent with the last chart
Foreign Exchange Reserve Size Source
Forex Data archived on September 18, 2020
USD/PKR Exchange Rate Source
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submitted by AAAbbasi786 to pakistan [link] [comments]

When I divide India's total currency from its all forex reserve then 1 USD value comes 40INR Why in reality it's almost 80INR?

submitted by shahebazkhan99 to economy [link] [comments]

Forex reserves climb $11.9 billion to all-time high of $534.5 billion

Forex reserves climb $11.9 billion to all-time high of $534.5 billion submitted by Fdsn to IndiaSpeaks [link] [comments]

[Business] - Forex reserves rises to record $545.038 billion | Times of India

[Business] - Forex reserves rises to record $545.038 billion | Times of India submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - Forex reserves rises to record $545.038 billion

[Business] - Forex reserves rises to record $545.038 billion submitted by AutoNewsAdmin to TIMESINDIAauto [link] [comments]

[Business] - Russia continues stockpiling gold, raising forex reserves to near all-time high

submitted by AutoNewsAdmin to RTauto [link] [comments]

Weekly Forex & Currency Update #18 (July 17, 2020): Forex Reserves in SBP - $12.12 Billion (+0.55%); USD/PKR - 167.42 (+0.092%)

The percentage changes in the title are compared to last week.

Size of the Forex Reserves of Pakistan since June 19

Date Foreign Exchange Reserves in the SBP Week-on-Week Percentage Change (In SBP) Month-on-Month Percentage Change(In SBP)** Total Foreign Exchange Reserves Week-on-Week Percentage Change (Total) Month-on-Month Percentage Change (Total)**
June 19, 2020 $9.9612 Billion -1.44% -17.50% $16.7301 Billion -0.27% -10.04%
June 26, 2020 $11.2310 Billion +12.75% +8.39% $17.9710 Billion +7.42% +6.07%
July 03, 2020 $12.0416 Billion +7.22% +19.27% $18.7901 Billion +4.56% +12.48%
July 10, 2020 $12.0549 Billion +0.11% +19.27% $18.9526 Billion +0.86% +12.98%
July 17, 2020 $12.1216 Billion +0.55% +21.69% $19.0473 Billion +0.50% +13.85%
**A month refers to four weeks, as the data is released on a weekly basis.

USD/PKR Mid-Market Daily Average Exchange Rate since June 19

Date* USD to PKR Exchange Rate Week-on-Week Percentage Change Month-on-Month Percentage Change**
June 19, 2020 166.85800 +1.3985% +3.8389%
June 26, 2020 167.49310 +0.3806% +2.5611%
July 03, 2020 166.85015 -0.3839% +2.1757%
July 10, 2020 166.33500 -0.3088% +1.0806%
July 17, 2020 167.26925 +0.5617% +0.2465%
July 24, 2020 167.42360 +0.0923% -0.0415%
**A month refers to four weeks to keep consistent with the last chart
Foreign Exchange Reserve Size Source
Forex Data archived on July 24, 2020
USD/PKR Exchange Rate Source
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submitted by AAAbbasi786 to pakistan [link] [comments]

Weekly Forex & Currency Update #21 (August 07, 2020): Forex Reserves in SBP - $12.47 Billion (-0.58%); USD/PKR - 168.00 (+0.0596%)

The percentage changes in the title are compared to last week.

Size of the Forex Reserves of Pakistan since July 10

Date Foreign Exchange Reserves in the SBP Week-on-Week Percentage Change (In SBP) Month-on-Month Percentage Change(In SBP)** Total Foreign Exchange Reserves Week-on-Week Percentage Change (Total) Month-on-Month Percentage Change (Total)**
July 10, 2020 $12.0549 Billion +0.11% +19.27% $18.9526 Billion +0.86% +12.98%
July 17, 2020 $12.1216 Billion +0.55% +21.69% $19.0473 Billion +0.50% +13.85%
July 24, 2020 $11.9756 Billion -1.20% +6.63% $18.9122 Billion -0.71% +5.24%
July 30*, 2020 $12.5422 Billion +4.73% +4.16% $19.5629 Billion +3.44% +4.11%
August 07, 2020 $12.4693 Billion -0.58% +3.44% $19.5183 Billion -0.23% +2.98%
*July 31, 2020 was Eid ul-Adha, a public holiday.
**A month refers to four weeks, as the data is released on a weekly basis.

USD/PKR Mid-Market Daily Average Exchange Rate since July 10

Date USD to PKR Exchange Rate Week-on-Week Percentage Change Month-on-Month Percentage Change**
July 10, 2020 166.33500 -0.3088% +1.0806%
July 17, 2020 167.26925 +0.5617% +0.2465%
July 24, 2020 167.42360 +0.0923% -0.0415%
July 30, 2020* 167.57230 +0.0888% +0.4328%
August 07, 2020 167.89815 +0.1945% +0.9398%
August 13, 2020* 167.99815 +0.0596% +0.4358%
*July 31, 2020 and August 14, 2020 were public holidays.
**A month refers to four weeks to keep consistent with the last chart
Foreign Exchange Reserve Size Source
Forex Data archived on August 16, 2020
USD/PKR Exchange Rate Source
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submitted by AAAbbasi786 to pakistan [link] [comments]

Weekly Forex & Currency Update #22 (August 13, 2020): Forex Reserves in SBP - $12.61 Billion (+1.12%); USD/PKR - 168.21 (+0.129%)

The percentage changes in the title are compared to the previous week.

Size of the Forex Reserves of Pakistan since July 17

Date Foreign Exchange Reserves in the SBP Week-on-Week Percentage Change (In SBP) Month-on-Month Percentage Change(In SBP)** Total Foreign Exchange Reserves Week-on-Week Percentage Change (Total) Month-on-Month Percentage Change (Total)**
July 17, 2020 $12.1216 Billion +0.55% +21.69% $19.0473 Billion +0.50% +13.85%
July 24, 2020 $11.9756 Billion -1.20% +6.63% $18.9122 Billion -0.71% +5.24%
July 30*, 2020 $12.5422 Billion +4.73% +4.16% $19.5629 Billion +3.44% +4.11%
August 07, 2020 $12.4693 Billion -0.58% +3.44% $19.5183 Billion -0.23% +2.98%
August 13*, 2020 $12.6084 Billion +1.12% +4.02% $19.6555 Billion +0.70% +3.19%
*July 31, 2020 and August 14, 2020 were public holidays.
**A month refers to four weeks, as the data is released on a weekly basis.

USD/PKR Mid-Market Daily Average Exchange Rate since July 17

Date USD to PKR Exchange Rate Week-on-Week Percentage Change Month-on-Month Percentage Change**
July 17, 2020 167.26925 +0.5617% +0.2465%
July 24, 2020 167.42360 +0.0923% -0.0415%
July 30, 2020* 167.57230 +0.0888% +0.4328%
August 07, 2020 167.89815 +0.1945% +0.9398%
August 13, 2020* 167.99815 +0.0596% +0.4358%
August 21, 2020 168.21480 +0.1290% +0.4726%
*July 31, 2020 and August 14, 2020 were public holidays.
**A month refers to four weeks to keep consistent with the last chart
Foreign Exchange Reserve Size Source
Forex Data archived on August 22, 2020
USD/PKR Exchange Rate Source
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submitted by AAAbbasi786 to pakistan [link] [comments]

China’s August forex reserves rise to $3.165 trillion

China’s August forex reserves rise to $3.165 trillion submitted by LiterallyStonkler to StonkFeed [link] [comments]

[Business] - China’s forex reserves rose to US$3.165 trillion in August, but increase less than expected | South China Morning Post

[Business] - China’s forex reserves rose to US$3.165 trillion in August, but increase less than expected | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Laos faces sovereign default as forex reserves dip below $1bn

Laos faces sovereign default as forex reserves dip below $1bn submitted by LiterallyStonkler to StonkFeed [link] [comments]

China’s August forex reserves rise to $3.165 trillion

China’s August forex reserves rise to $3.165 trillion submitted by thefeedbot to OneAmericaNews [link] [comments]

Laos faces sovereign default as forex reserves dip below $1bn

Laos faces sovereign default as forex reserves dip below $1bn submitted by alper to FT_comments [link] [comments]

[Business] - China’s forex reserves rose to US$3.165 trillion in August, but increase less than expected

[Business] - China’s forex reserves rose to US$3.165 trillion in August, but increase less than expected submitted by AutoNewsAdmin to SCMPauto [link] [comments]

China’s August forex reserves rise to $3.165 trillion

China’s August forex reserves rise to $3.165 trillion submitted by dreammanalishi to ConservativeNewsWeb [link] [comments]

Weekly Forex & Currency Update #19 (July 24, 2020): Forex Reserves in SBP - $11.98 Billion (-1.20%); USD/PKR - 167.57 (-0.089%)

The percentage changes in the title are compared to last week.

Size of the Forex Reserves of Pakistan since June 26

Date Foreign Exchange Reserves in the SBP Week-on-Week Percentage Change (In SBP) Month-on-Month Percentage Change(In SBP)** Total Foreign Exchange Reserves Week-on-Week Percentage Change (Total) Month-on-Month Percentage Change (Total)**
June 26, 2020 $11.2310 Billion +12.75% +8.39% $17.9710 Billion +7.42% +6.07%
July 03, 2020 $12.0416 Billion +7.22% +19.27% $18.7901 Billion +4.56% +12.48%
July 10, 2020 $12.0549 Billion +0.11% +19.27% $18.9526 Billion +0.86% +12.98%
July 17, 2020 $12.1216 Billion +0.55% +21.69% $19.0473 Billion +0.50% +13.85%
July 24, 2020 $11.9756 Billion -1.20% +6.63% $18.9122 Billion -0.71% +5.24%
**A month refers to four weeks, as the data is released on a weekly basis.

USD/PKR Mid-Market Daily Average Exchange Rate since June 26

Date USD to PKR Exchange Rate Week-on-Week Percentage Change Month-on-Month Percentage Change**
June 26, 2020 167.49310 +0.3806% +2.5611%
July 03, 2020 166.85015 -0.3839% +2.1757%
July 10, 2020 166.33500 -0.3088% +1.0806%
July 17, 2020 167.26925 +0.5617% +0.2465%
July 24, 2020 167.42360 +0.0923% -0.0415%
July 30, 2020* 167.57230 +0.0888% +0.4328%
*July 31, 2020 was Eid ul-Adha, a public holiday.
**A month refers to four weeks to keep consistent with the last chart
Foreign Exchange Reserve Size Source
Forex Data archived on July 30, 2020
USD/PKR Exchange Rate Source
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submitted by AAAbbasi786 to pakistan [link] [comments]

India's forex reserves surge by $3.62 bn to fresh all-time high

India's forex reserves surge by $3.62 bn to fresh all-time high submitted by TrueIndologyBot to DDnews [link] [comments]

Unathi Kwaza RT from mike schussler: Today I am happy to be informed by @BuddyWells1 that we are rich. SA has $58 trillion in forex reserves. That's R174 million for each man, woman & child. We can just all buy government debt at 8.5% and spend R1,4 million each year. @MagnusHeystek I see lots of...

Unathi Kwaza RT from mike schussler: Today I am happy to be informed by @BuddyWells1 that we are rich. SA has $58 trillion in forex reserves. That's R174 million for each man, woman & child. We can just all buy government debt at 8.5% and spend R1,4 million each year. @MagnusHeystek I see lots of... submitted by TweetArchiveBot to LibertyRSA [link] [comments]

FOREX RESERVE ARE AT ALL TIME HIGH - what does it means ... What is Foreign Exchange Reserves? India’s forex reserves ... Top 10 Countries 2018 (foreign exchange) - YouTube Forex Reserve - YouTube Forex Reserves in Hindi UPSC  IAS - YouTube

FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. The rising forex reserves give a lot of comfort to the government and the Reserve Bank of India in managing India’s external and internal financial issues at a time when the economic growth is set to contract by 1.5 per cent in 2020-21. The top 10 nations in terms of foreign currency reserves had combined reserve assets of $8.9 trillion as of January 2020, more than 40% of which was accounted for by China and Hong Kong. Article ... Introduction of a Second Foreign Exchange Auction System for Small and Medium Enterprises .pdf [1.7 MB]; Introduction of a Foreign Exchange Auction Trading System .pdf [104 KB]; Exchange Control Directive RV175/2020 .pdf [100 KB]; Applicant Foreign Currency Bid Form .xlsx [410 KB]; Authorised Dealer Foreign Currency Bid Form .xlsx [409 KB]; FOREIGN EXCHANGE AUCTION RESULTS: SMEFX08/2020 & MAIN ... The Reserve Bank of India doesn't seem to be in a mood to give the currency a free run even as most of its regional peers have rebounded from the virus-induced selloff. India's Forex Reserves Soar ...

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FOREX RESERVE ARE AT ALL TIME HIGH - what does it means ...

India’s foreign exchange (forex) reserves surged by $3.883 billion to touch a lifetime high of $541.431 billion in the week ended August 28, Reserve Bank of ... Why Countries Keep Forex Reserves. Jayant Manglik, President of Retail Distribution at Religare Securities Limited, answers this question in this video. Visi... Foreign-exchange reserves (also called Forex reserves) are the foreign-currency deposits held by national central banks and monetary authorities it also incl... Click here https://bit.ly/2wJs0SV to Download our Android APP to have access to 1000's of #Smart_Courses covering length and breadth of almost all competitiv... Click here https://bit.ly/2wJs0SV to Download our Android APP to have access to 1000's of Smart Courses covering length and breadth of almost all competitive...

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