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In September 2011 the Swiss National Bank surprised currency traders by pledging that "it will no longer tolerate a euro-franc exchange rate below the minimum rate of 1.20 francs", effectively weakening the Swiss franc. This is the biggest Swiss intervention since 1978.
Using a mechanism known as the "snake in the tunnel", the European Exchange Rate Mechanism was an attempt to minimize fluctuations between member state currencies—initially by managing the variance of each against its respective ECU reference rate—with the aim to achieve fixed ratios over time, and so enable the European Single Currency (which became known as the euro) to replace national ...
The official exchange rate stood at Bs.F 248,832 to US$1 as of August 10, 2018, making it the least-valued circulating currency in the world based on official exchange rates. [ 31 ] In June 2018, the government authorized a new exchange rate for buying, but not selling, currency.
10.1 Historical exchange rates. 10.2 Current exchange rates. ... although today, ... Historical Currency Converter;
Beginning in 2022 the yen/dollar rate has become increasingly weaker with each passing month. By July 2024, the price fell to upper ¥161 per $1, marking the lowest exchange rate for the yen in 37.5 years on a nominal effective exchange rate [80] and the lowest real effective exchange rate since the start of statistics by the Bank of Japan in 1970.
The largest transactions with involvement of Austrian companies [170] have been: the acquisition of Bank Austria by HypoVereinsbank for 7.8 billion EUR in 2000, the acquisition of Porsche Holding Salzburg by Volkswagen Group for 3.6 billion EUR in 2009, [171] and the acquisition of Banca Comercială Română by Erste Group for 3.7 billion EUR ...
The exchange was incorporated as a closed joint-stock company on December 30, 1993, under the name Kazakhstan Inter-Bank Currency Exchange. On March 3, 1994, the exchange was re-registered under the name Kazakhstan Interbank Currency Exchange due to the need to match the exchange's name to the current legislation.