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  2. Pakistani rupee - Wikipedia

    en.wikipedia.org/wiki/Pakistani_rupee

    The Pakistani rupee depreciated against the United States dollar until the turn of the century when Pakistan's large current account surplus pushed the value of the rupee up against the dollar. The State Bank of Pakistan then stabilized the exchange rate by lowering interest rates and buying dollars, to preserve the country's export ...

  3. Interbank foreign exchange market - Wikipedia

    en.wikipedia.org/wiki/Interbank_foreign_exchange...

    The interbank market is an important segment of the foreign exchange market. It is a wholesale market through which most currency transactions are channeled. It is mainly used for trading among bankers. The three main constituents of the interbank market are: the spot market; the forward market

  4. Exchange rate - Wikipedia

    en.wikipedia.org/wiki/Exchange_rate

    For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...

  5. ‘De-dollarization is happening’: Are countries ditching the ...

    www.aol.com/finance/dollarization-happening...

    Meanwhile, the Chinese yuan — which many think is the biggest threat to the dollar — accounted for just 2.37% of reserves in the same period, with a high proportion of that being held by ...

  6. European stocks perk up as markets slow for Thanksgiving - AOL

    www.aol.com/news/asian-stocks-subdued-dollar...

    LONDON/SINGAPORE (Reuters) -European shares ticked up on Thursday after falling the previous day, while Asian stocks slipped, as trading volumes thinned ahead of the U.S. Thanksgiving holiday.

  7. Currency swap - Wikipedia

    en.wikipedia.org/wiki/Currency_swap

    A cross-currency swap's (XCS's) effective description is a derivative contract, agreed between two counterparties, which specifies the nature of an exchange of payments benchmarked against two interest rate indexes denominated in two different currencies.

  8. Foreign-exchange reserves of India - Wikipedia

    en.wikipedia.org/wiki/Foreign-exchange_reserves...

    India was forced to sell dollars to the extent of close to US$35 billion in the spot markets in Financial Year 2009 due to 22% depreciation in rupee (against the dollar) in the same fiscal year 2009. In 2009, India purchased 200 tonnes of gold from the International Monetary Fund, worth US$6.7bn (€4.57bn, £4.10bn). [15]

  9. 10 Foods That Famous Chefs Refuse To Eat - AOL

    www.aol.com/10-foods-famous-chefs-refuse...

    3. Truffle Oil – Martha Stewart. Truffle oil is your ingredient to make food instantly classy—or, more accurately, expensive. However, its rather pungent flavor isn’t for everyone, and it ...