Foreign-currency-exchange-questions

Foreign Currency Exchange Rates
NOTE: These are NOT commercial currency exchange rates.
These rates are calculated using the SAS program also available on this
page, and are intended for use only in calculating antidumping duties.

The Department of Commerce ("the Department") has revised its policy regarding currency conversions to conform to changes resulting from the Uruguay Round Agreements Act. We announced this change in methodology in the notice entitled, "Change in Policy Regarding Currency Conversion," published in the Federal Register at (61 FR 9434; March 8, 1996). The computer program used and the new official daily exchange rate files are available below.

This SAS Computer Program is written in SAS 9.11 for Windows.
For a specified country, the program converts a file of actual daily exchange rates to a file of "official" daily exchange rates. In this process, each actual daily exchange rate is classified as "normal" or "fluctuating." An extended pattern of appreciating rates defines a "sustained movement." Based on these classifications, the program assigns the appropriate official exchange rate for each day.

The program produces two types of official daily exchange rates for each country. For purposes of antidumping" ("AD") investigations, the program classifies the daily rates as "normal," "fluctuating," or "sustained movement." For purposes of AD administrative reviews, the program classifies the daily rates as "normal" or "fluctuating." Since the two types of daily exchange rates differ, use the exchange rate variable ending in an "I" for AD investigations and the exchange rate variable ending in "R" for AD administrative reviews.

Official Daily Exchange Rates: For the countries listed below, the actual daily exchange rates used in the program were acquired either from the Federal Reserve Statistical Release H.10 on the web, or from Dow Jones Reuters Business Interactive LLC (trading as Factiva) (a fee-based service). All currencies listed below are denominated in U.S. dollars per foreign currency unit. Exchange rates for additional countries will be made available by the Department as needed for AD purposes.

Exchange rate files are scheduled to be updated quarterly

Last Updated: October 17, 2008

• Effective October 1, 2005, IA will only update the Euro rates and will no longer update the exchange rates for the 12 individual countries now using the Euro. For historical purposes, we will continue to list through June 30, 2005, the separate national currency rates for these Euro countries. Luxembourg rates are not listed because there have been no cases for several years

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You'll need to learn from proven forex trading strategies and currency trading systems to become a good trader, but perhaps most important is to choose a system that is easy to understand and easy to use.  Otherwise, you might lose patience, and money, before the forex trading system has a chance to prove itself.

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