5. Paragraphs 17 to 19 of the performance report provide information on the reduced requirements of 27.6 million resulting from favourable exchange rate fluctuations.

The equivalent in euros of contributions paid in US is calculated at the most favourable rate of exchange (normally the market buying rate) available to the Tribunal on the date of payment.

The favourable exchange rate for major donor currencies to the United States dollar also contributed significantly to the nominal income of UNICEF during the period.

Currency exchange rate

Currency exchange rate

Exchange rate fluctuation

(f) Exchange rate

Those additional requirements had been met within the current level of appropriations, in view of the continuing favourable exchange rate performance of the United States dollar.

The Exchange Rate Delusion

B. Exchange rate fluctuations

Normally, short run and long run exchange rate trends point in the same direction. Indeed, a huge body of research shows that for most major currencies, the best forecast of next week s exchange rate, next month s exchange rate, or even next year s exchange rate is simply today s exchange rate.

What's the exchange rate today?

Accounting for exchange rate fluctuations

Fluctuation in the exchange rate.

What's the rate of exchange?

What is the exchange rate today?

(n) Reserve for exchange rate fluctuations

a December 1996 rate of exchange.

b December 1997 rate of exchange.

VI. Contingencies and exchange rate fluctuation

1. Trade and exchange rate policies

a December 1997 rate of exchange.

c November 1998 rate of exchange.

47. However, possible earnings from exchange rate fluctuations during 1997 were more or less hypothetical and it was impossible to accurately quantify them before the year ended, since there were no guarantees that the favourable exchange rates would be maintained.

After the restructurings, almost all debtor countries experienced an economic recovery and regained external viability (also due to real exchange rate depreciation), although in a context of more favourable global economic conditions.

Exchange rate euro to United States dollar

(a) Changes in exchange rate assumptions (49.3)

A. Currency exchange rate 99 102 26

Is that a fair rate of exchange?

The existing exchange rate arrangements in most ESCWA member countries incorporate negative aspects of the two extremes of exchange rate regimes.

a Based on December 2005 rate of exchange.

Exchange rate of assessed contributions paid in US

This included 1.5 million in exchange rate gains.

There was no automated exchange rate control over transactions coming from field offices, which entails a risk of posting the wrong exchange rate.

The increase in this category is attributable to the impact of changes in inflation ( 2,152,800), offset by the favourable rate of exchange ( 867,700) of the United States dollar, primarily against the Tanzanian shilling and the Rwanda franc, during the period from January to November 2005 and the application of the November exchange rate for December 2005.

b Combined effect of inflation and exchange rate changes.

e Exchange rate for September 1997 1.00 SwF 1.49.

The assumed exchange rate is US 1 DM 1.69.

Exchange rate with Italian lt 1,545 (22 Apr 1997).

exchange rate with Italian lt 1,545 (22 Apr 1997)

Exchange rate with Italian lt 1,545 (22 Apr 1997)

d Combined effect of inflation and exchange rate changes.

In short, because the RTSS made cross border capital movements much easier, short term flows have become a major factor in determining the RMB s exchange rate. External shocks affect the offshore exchange rate first, and then feed through to the onshore exchange rate.

a The exchange rate used (0.753) is the average rate for the period January March 2005.

d The exchange rate used (0.753) is the average rate for the period January March 2005.