A country's foreign exchange rate provides a window to its economic stability, which is why it is constantly watched and analyzed. If you are thinking of sending or receiving money from overseas, you need to keep a keen eye on the currency exchange rates. The exchange rate is defined as "the rate at which one country's currency may be converted into another. For these reasons; when sending or receiving money internationally, it is important to understand what determines exchange rates.
Abbreviationswhich includes all abbreviations and acronyms used in the Factbook, with their expansions. Acronyms An acronym is an abbreviation coined from the initial letter of each successive word in a term or phrase.
In general, an acronym made up of more than the first letter of the major words in the expanded form is rendered with only an initial capital letter Comsat from Communications Satellite Corporation; an exception would be NAM from Nonaligned Movement. Administrative divisions This entry generally gives the numbers, designatory terms, and first-order administrative divisions as approved by the US Board on Geographic Names BGN.
Changes that have been reported but not yet acted on by the BGN are noted. Geographic names conform to spellings approved by the BGN with the exception of the omission of diacritical marks and special characters.
Age structure This entry provides the distribution of the population according to age. Information is included by sex and age group as follows: The age structure of a population affects a nation's key socioeconomic issues.
Countries with young populations high percentage under age 15 need to invest more in schools, while countries with older populations high percentage ages 65 and over need to invest more in the health sector.
The age structure can also be used to help predict potential political issues. For example, the rapid growth of a young adult population unable to find employment can lead to unrest.
Agriculture - products This entry is an ordered listing of major crops and products starting with the most important. Airports This entry gives the total number of airports or airfields recognizable from the air.
The runway s may be paved concrete or asphalt surfaces or unpaved grass, earth, sand, or gravel surfaces and may include closed or abandoned installations. Airports or airfields that are no longer recognizable overgrown, no facilities, etc.
Note that not all airports have accommodations for refueling, maintenance, or air traffic control. Airports - with paved runways This entry gives the total number of airports with paved runways concrete or asphalt surfaces by length.
For airports with more than one runway, only the longest runway is included according to the following five groups - 1 over 3, m over 10, ft2 2, to 3, m 8, to 10, ft3 1, to 2, m 5, to 8, ft4 to 1, m 3, to 5, ftand 5 under m under 3, ft.
Only airports with usable runways are included in this listing. Not all airports have facilities for refueling, maintenance, or air traffic control.
The type aircraft capable of operating from a runway of a given length is dependent upon a number of factors including elevation of the runway, runway gradient, average maximum daily temperature at the airport, engine types, flap settings, and take-off weight of the aircraft.
Airports - with unpaved runways This entry gives the total number of airports with unpaved runways grass, dirt, sand, or gravel surfaces by length.
Appendixes This section includes Factbook-related material by topic. Area This entry includes three subfields. Area - comparative This entry provides an area comparison based on total area equivalents.
Most entities are compared with the entire US or one of the 50 states based on area measurements revised provided by the US Bureau of the Census. Background This entry usually highlights major historic events and current issues and may include a statement about one or two key future trends.
Birth rate This entry gives the average annual number of births during a year per 1, persons in the population at midyear; also known as crude birth rate. The birth rate is usually the dominant factor in determining the rate of population growth. It depends on both the level of fertility and the age structure of the population.
Broadband - fixed subscriptions This entry gives the total number of fixed-broadband subscriptions, as well as the number of subscriptions per inhabitants. Fixed broadband is a physical wired connection to the Internet e.
Broadcast media This entry provides information on the approximate number of public and private TV and radio stations in a country, as well as basic information on the availability of satellite and cable TV services.
Budget This entry includes revenues, expenditures, and capital expenditures. These figures are calculated on an exchange rate basis, i. Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
Countries with high budget deficits relative to their GDPs generally have more difficulty raising funds to finance expenditures, than those with lower deficits. Capital This entry gives the name of the seat of government, its geographic coordinates, the time difference relative to Coordinated Universal Time UTC and the time observed in Washington, DC, and, if applicable, information on daylight saving time DST.
Where appropriate, a special note has been added to highlight those countries that have multiple time zones. Carbon dioxide emissions from consumption of energy This entry is the total amount of carbon dioxide, measured in metric tons, released by burning fossil fuels in the process of producing and consuming energy.
Central bank discount rate This entry provides the annualized interest rate a country's central bank charges commercial, depository banks for loans to meet temporary shortages of funds.
Children under the age of 5 years underweight This entry gives the percent of children under five considered to be underweight. Underweight means weight-for-age is approximately 2 kg below for standard at age one, 3 kg below standard for ages two and three, and 4 kg below standard for ages four and five.
This statistic is an indicator of the nutritional status of a community.Foreign exchange rates of major world currencies. Compare key cross rates and currency exchange rates of U.S. Dollars, Euros, British Pounds, and others.
Date Total Trade Total Volume Total Value in Taka (mn) Total Market Cap. in Taka (mn) Foreign exchange Market is a place in which foreign exchange transactions take place.
In other word, foreign exchange transaction is a market where foreign money were brought and sold. It is a part of money market in financial centre.
Function of foreign exchange market: The basic and primary /5(12). The Foreign Account Tax Compliance Act (FATCA) is a United States federal law requiring all non-U.S. ('foreign') financial institutions (FFIs) to search their records for customers with indicia [clarification needed] of 'U.S.-person' status, such as a U.S.
place of birth, and to report the assets and identities of such persons to the U.S.
Department of the Treasury. Exchange rates of Taka for inter-bank and customer transactions are set by the dealer banks, based on demand-supply interaction. Bangladesh Bank (BB) is not in the market on a day-to-day basis, and undertakes USD purchase or sale transactions with dealer banks at prevailing inter-bank exchange rates only as needed to maintain orderly market conditions.
Foreign Exchange Market The foreign exchange market is one of the most important financial markets. It affects the relative price of goods between countries and so can affect trade.
It means that it affects the price of imports and so affects a country’s price level (inflation rate).