Currencies

Published Fri, May 23, 2025 · 07:44 PM Indonesia is planning to sell bonds denominated in the Chinese yuan and Australian dollar for the first time ever, as the government seeks to diversify its debt portfolio. The government will “strongly consider” to sell dimsum and kangaroo bonds this year, subject to market conditions, Suminto, head of the finance ministry’s debt management office, told reporters on Friday (May 23). The move may help Indonesia lower its exposure to volatility in the US dollar, while potentially helping it strengthen financial ties with China –...

Euro to Iranian Rial EUR IRR 1 EUR 47,836.149794 IRR 5 EUR 239,180.74897 IRR 10 EUR 478,361.49794 IRR 25 EUR 1,195,903.74485 IRR 50 EUR 2,391,807.4897 IRR 100 EUR 4,783,614.9794 IRR 500 EUR 23,918,074.897 IRR 1,000 EUR 47,836,149.794 IRR 5,000 EUR 239,180,748.969999999 IRR 10,000 EUR 478,361,497.939999998 IRR 50,000 EUR 2,391,807,489.699999809 IRR Iranian Rial to Euro IRR EUR 1 IRR 0.000020905 EUR 5 IRR 0.000104523 EUR 10 IRR 0.000209047 EUR 25 IRR 0.000522617 EUR 50 IRR 0.001045235 EUR 100 IRR 0.002090469 EUR 500 IRR 0.010452346 EUR 1,000 IRR 0.020904692 EUR 5,000 IRR...

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The US Dollar Index struggles as traders adopt caution due to growing debt concerns in the United States.The House of Representatives has advanced Trump's “One Big Beautiful Bill” to the Senate floor.US 30-year bond yield retreated after hitting 5.15% on Thursday, the highest in 19 months.The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, depreciates toward two-week lows. At the time of writing, the DXY is trading around 99.60, remains under pressure as the 30-year yield on US Treasury bond is...

Japan’s Prime Minister Shigeru Ishiba said on Friday that there was no change in Japan's stance on US tariffs and its demand that they be eliminated.Key quotesNo change to our stance on U.S. tariffs.Discussed U.S. tariffs with President Trump.Discussed diplomacy, and security with Trump as well.There might be an occasion when I’ll visit the U.S. for in-person talks with President Trump.No change to our stance of demanding the elimination of tariffs.No change to our policy of talking with the U.S. about creating U.S. jobs.Market reaction   At the time of writing, USD/JPY is...

Asian currencies gained traction on Friday, buoyed by a weakening U.S. dollar and rising expectations of a Bank of Japan (BOJ) rate hike following strong inflation data. The U.S. Dollar Index dropped 0.3% during Asian trading hours and is on track for a 1% weekly decline, pressured by growing concerns over the U.S. fiscal deficit. Dollar Index Futures mirrored this trend, falling 0.3%. The Japanese yen led regional gains, with USD/JPY slipping 0.4%, setting the yen up for a 1.5% weekly gain. Japan's core consumer price index rose 3.5% in...

BEIJING, May 23, 2025 /PRNewswire/ -- A news report from Xinhuanet: A new publication highlighting the appearance of Chinese-built infrastructure on foreign currency was unveiled at a book launch and symposium in Beijing on May 19, underscoring China's global reach through its Belt and Road Initiative.The book, Chinese Imprints on World Currency, chronicles how infrastructure projects linked to China have been featured on coins and banknotes issued by countries around the world, casting these structures as enduring symbols of the country's international partnerships under the Belt and Road framework. Chinese-Built...

BENGALURU: The Thai baht surrendered early gains on Thursday after the commerce minister called for a weaker currency to bolster exports, while the Philippine peso lagged regional peers over mounting political uncertainty in the Southeast Asian country. Overall, Asian currencies gained on a weak dollar while equities fell. Thailand’s currency fell 0.3% to 32.825 per US dollar after rising 0.5% earlier in the day. Equities in Bangkok traded 0.3% lower. Pichai Naripthaphan, the country’s commerce minister, said he wanted a weaker baht to support exports and that a level of...

On March 6, 2025, U.S. President Donald Trump signed an executive order establishing a strategic Bitcoin reserve and digital asset stockpile for the United States government. Within this executive order, Trump refers to the notion that Bitcoin is akin to “digital gold.”  Cryptocurrency enthusiasts often refer to Bitcoin as “digital gold” and consider both as equal forms of sound money. In reality, gold and Bitcoin are quite different in asset quality and in terms of their hierarchy as sound money.  Digital assets vs real assets According to Investopedia, a digital asset, such as Bitcoin, is...

TRAVELERS from the Asia-Pacific region are more conscious of foreign exchange rate fluctuations compared to their Western counterparts, according to a new study by data and services group Mastercard Economics Institute. Its report, "Travel Trends 2025: Purpose-Driven Journeys," analyzed 24 major tourism markets which account for nearly 80 percent of global gross domestic product.Data showed that inbound tourism — particularly among travelers from Asia — tends to slow down when a destination's currency depreciates. "Travelers from Asia tend to be more sensitive to exchange rate shifts, as such movements can...