Currencies

The Kenyan shilling exchanged at KSh 129.23 per US dollar on Thursday, May 22, compared to KSh 129.25 per US dollar on Thursday, May 15The shilling's strength was boosted by the increase in foreign exchange reserves, which rose from KSh 1.31 trillion on May 15 to KSh 1.33 trillion on May 22Against the Tanzanian shilling (TSh), the local currency slightly appreciated, strengthening from TSh 20.78 on May 16 to TSh 20.86 on May 22Japhet Ruto, a journalist at TUKO.co.ke, brings more than eight years of experience in finance, business, and...

New Delhi , May 24 (ANI): Asian currencies are likely to appreciate against the US dollar in the long term, according to a recent report by Jefferies.AdvertisementThe report highlighted that the gross national savings in emerging Asian countries are significantly higher than those in developed G7 nations, giving Asian economies a strong foundation for currency strength.It said, "The most likely currency bloc to enjoy long-term appreciation against the US dollar remains Asian currencies in what amounts to a reversal of the dynamic triggered by the Asian Crisis nearly 30 years...

RECENT headlines have been rife with speculation about the demise of the US dollar, fuelled by its 10 per cent decline since the start of 2025 and the US’ shifting stance on global trade, marked by increased tariffs. Some voices are even suggesting that US exceptionalism is over and that the greenback will soon be replaced, with global investors dumping US assets. However, this, in our opinion, is simply fearmongering.Rise of Asian currencies: A temporary phenomenonOne of the major factors fuelling this theory is the sharp appreciation of several Asian...

Binance co-founder Changpeng Zhao denied claims of acting as a facilitator for World Liberty Financial in Pakistan.WLFI co-founder Zak Folkman stated that the company's discussions with Pakistan government officials never revolved around foreign policies.The allegations stem from a Wall Street Journal article claiming that CZ facilitated conversations between WLFI and members of the Pakistani government.World Liberty Financial (WLFI) on Friday refuted claims by the Wall Street Journal (WSJ) that it leveraged Binance founder Changpeng Zhao (CZ) to facilitate discussions during a business trip to Pakistan. The crypto project also denied...

The Money Metals quarterly bar chart race on the evolution of global international reserves is out. Recently, gold overtook the euro, and soon will be challenging the dollar! In the video by world-renowned gold analyst at Money Metals, Jan Nieuwenhuijs, we explore world reserve currencies from 1950 to 2024.  Such currencies in this comprehensive analysis include gold, the US dollar, British sterling, the Deutsche mark, the French franc, the euro, the Chinese renminbi, the Japanese yen, and “other FX” (e.g., the Swiss franc). https://www.youtube.com/watch?v=mWSaEf-DTJc The race is off… and in...

Wall Street pundits and investors are schizophrenic about US assets. The dollar weakened after Moody’s cut the United States’ credit rating, citing the increasing fiscal deficit, as well as the rising interest costs on government debt.On the other hand, the S&P 500 not only recovered after US President Donald Trump’s April tariff shock, but is now less than 5 per cent off its record high in February. Nevertheless, 30-year US Treasury yields recently exceeded 5 per cent per annum, indicating investors’ nervousness about US deficits and debt sustainability.While Financial Times...

The UP Warriorz batter has been accused of defrauding the complainants of INR 25 lakh. Furthermore, it has been alleged that the cricketer unlawfully entered their apartment in Agra. Indian women's cricket team star Deepti Sharma has accused Delhi batter Arushi Goel of stealing valuable items from her residence in Agra, as reported by the Times of India. Arushi, a junior clerk with the Indian Railways, has previously played alongside Deepti for the UP Warriorz (UPW) in the Women's Premier League (WPL). Deepti alleges that Arushi deceived her out of...

MUMBAI: India’s foreign exchange reserves fell by $4.9 billion to a five-week low of $685.73 billion as of May 16, according to data released by the country’s central bank on Friday. The reserves had risen to a seven-month high by $4.5 billion in the prior week. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves. For the week ended May 16, the rupee notched its second consecutive weekly drop due to sustained dollar demand from local...

KUALA LUMPUR, May 23 — The ringgit closed higher against the US dollar and other major and regional currencies today as the greenback remained weak amid continued concerns over US fiscal policy.At 6pm, the local note jumped to 4.2285/2345 versus the US dollar from yesterday’s close of 4.2705/2765.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US House of Representatives’ approval for a sweeping tax and spending bill has added to worries over the credit outlook of the United States.“This corresponds with the recent sovereign rating...

Nepalese Rupee to United States Dollar NPR USD 1 NPR 0.007329 USD 5 NPR 0.036645 USD 10 NPR 0.07329 USD 25 NPR 0.183225 USD 50 NPR 0.36645 USD 100 NPR 0.7329 USD 500 NPR 3.6645 USD 1,000 NPR 7.329 USD 5,000 NPR 36.645 USD 10,000 NPR 73.29 USD 50,000 NPR 366.45 USD United States Dollar to Nepalese Rupee USD NPR 1 USD 136.444262519 NPR 5 USD 682.221312594 NPR 10 USD 1,364.442625188 NPR 25 USD 3,411.106562969 NPR 50 USD 6,822.213125938 NPR 100 USD 13,644.426251876 NPR 500 USD 68,222.131259381 NPR 1,000 USD...