Foreign Exchange Market Quotes

It does not mean of course that the pound here in Britain in your pocket has been devalued .

When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike.

Any country whose currency is used as a reserve enjoys tremendous benefits because those currencies gain a significant discount to financing costs.

Despite Russia's move to raise interest rates this week, the value of the ruble has continued to crash. Russia's economy is so bad, Edward Snowden had to put government secrets on Craigslist.

Exchange rate understandings are of little use on their own.

We book our exports forward for more than a year, and so we have a fixed rate. We do not get the spot rate that we see in the market every day.

Is a currency worth anything if no one wants it? We used to buy shoes in Italy. Remember?

After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.

The yen is trading where it's trading because people are guessing about people's future interest rates, dollar and yen and about the future growth potential of the economies. And, if this policy works, then the yen will probably strengthen.

A stronger dollar increases U.S. dollar purchasing power.

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.

Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way.

Once you change your currency to another dominant nation's currency you become dependent, you stop being the master of your economy. You submit yourself to the rules and regulations of another country.

What there is no dispute about is whether or not China is a currency manipulator. They are a currency manipulator. They actively intervene every single day to keep the value of their currency less than it would be against the dollar than if it floated freely. We think. Even China barely disputes that.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

Rupee fluctuation is not so significant compared with the other currencies. Fluctuations in currencies has been fairly steady. As the finance minister often says, fluctuation is the new normal.

We've seen the volatility at dollar-yen, U.S. Treasurys, JGBs (Japanese government bonds), German bunds.

If the dollar weakens, then presumably all the things that we make in the United States - Buicks, for instance - can be sold cheap all over the world, and everyone will be buying our goods, and we'll get all sorts of yen-denominated, or yuan-denominated, or euro-denominated securities, and then everybody else will be worried.

Printing currency for foreigners to buy is the best racket a government can get into.

I read that yesterday, the Mexican peso hit its lowest point since March of 2009. In fact, things got so bad, it was seen leaving a bar with the American dollar.

When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.

The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many.

The Pound is sinking, the Peso's failing, the Lira's reeling, and feeling quite appalling.

The Chinese government does not like people betting against the yuan.