Today’s Corporate Foreign Exchange Rates

The Daily FX Update provides opening indicative spot exchange rates and relevant market news. You can have the Daily FX Update delivered to your email inbox when you sign up for our mailing list.


Foreign Exchange Update

December 19, 2014Interbank mid-market spot exchange rate indications for transaction amounts greater than US $1 million equivalent - Rates reflect North America Eastern Time opening levels.

CountryCurrencyExchange Rate
AustraliaDollar$.8185
CanadaDollar1.1591
Czech RepublicKoruna22.4875
DenmarkKroner6.0525
EurolandEuro$1.2297
JapanYen119.0000
MexicoPeso14.5125
New ZealandDollar$.7790
NorwayKroner7.3327
South AfricaRand11.5743
SwedenKrona7.6995
SwitzerlandFranc.9785
UKPound$1.5675

News & Events

December 19, 2014
The Euro approached 28 month lows vs the US Dollar following reports that European Central Bank officials were nearing a move to inact a fully fledged government buying program to help kickstart the economy. The ECB, however, has declined to comment. In contrast to the ECB, the US Federal Reserve is expected to start raising interest rates by mid 2015. The gap between US 2year bonds and their German counterpart hit its highest in almost 8 years and helped support the US currency. Traders said the Swiss National Bank's decision to implement negative rates on the day the ECB next meets on Jauary 22 also triggered talk that the ECB would take action then. Separately, data showed combined direct and portfolio investments into the Euro Zone fell sharply in October, which has added more pressure on the single currency. The Euro is on track for posting its biggest weekly loss in more than a year. The Bank of Japan kept monetary policy unchanged, as expected. The BoJ offered a more upbeat view on the economy and offered no insight towards an expansion of stimulus. The Japanese Yen fell, however, on a revival of global risk sentiment after battered oil prices and Russia's rouble stabilised. The English Pound recouped some of its losses this week following a stronger than expected retail sales report. The Canadian Dollar fell lower against its southern neighbor after data showed the country's annual inflation rate eased unexpectedly in November. US stock futures point to a higher open on Wall Street. Russia and the political events in Greece pose the main potential risks to a market that is thinning out before the Christmas Holidays. This marks the final FX update for the year. The opening rates, however, will continue to be updated into the New Year. Thank you for all your support and we are truly appreciative for all our relationships. Wishing everyone a joyful Holiday Season and a New Year filled with good cheer.  
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