July 28, 2013
What a U.S. dollar buys (in commercial trades; consumer rates may be lower). Country Jul 18 Year ago Australia (dollar) 1.09 0.99 Austria (euro) 0.76 0.82 Belgium (euro) 0.76 0.82 Britain (pound) 0.66 0.65 Canada (dollar) 1.04 1.02 Denmark (krone) 5.69 6.10 France (euro) 0.76 0.82 Germany (euro)
February 14, 2013 |
BRUSSELS - The Group of Seven leading industrial nations, which includes the United States, Japan, and Germany, warned Tuesday that volatile movements in exchange rates could adversely hit the global economy. There have been increasing concerns around the world that countries might manipulate their exchange rates through their domestic economic policies in order to gain an edge. A lower foreign exchange rate can make a country's exports cheaper, thereby boosting growth. But one currency can fall only if another rises - which in turn will create trade problems for other countries.