Exchange rate

Esker Q3 2020 Sales Activity

Retrieved on: 
Tuesday, October 13, 2020
Software, Internet, Finance, Electronic design automation, Data management, Professional services, Technology, Security, Esker, Exchange rate, Money, Economy, World economy

(4)Growth based on a constant exchange rate: 2020 exchange rates applied to 2019 figures

Key Points: 
  • (4)Growth based on a constant exchange rate: 2020 exchange rates applied to 2019 figures
    Esker Q3 2020 consolidated sales revenue amounted to 27.1 million euros, a 10% increase over Q3 2019 based on a constant exchange rates (7% based on current rates).
  • For the first nine months of 2020, Eskers sales growth increased 8% to reach 81.4 million euros (based on both current and constant exchange rates).
  • Despite the difficult economic situation, Esker recorded numerous signed projects in Q3 which will fuel the companys future growth.
  • Despite the uncertainties of how the global health and economic crisis will evolve, Esker expects to maintain close to 9% organic growth in 2020.

PriceSmart Announces September Net Merchandise Sales

Retrieved on: 
Wednesday, October 7, 2020
Foreign exchange market, Economy, Finance, Currency, International macroeconomics, Exchange rate, Rates, United States dollar, Hong Kong dollar, Functional currency

Foreign currency exchange fluctuations impacted net merchandise sales negatively by 3.5%, or $8.6 million, versus the same one-month period in the prior year.

Key Points: 
  • Foreign currency exchange fluctuations impacted net merchandise sales negatively by 3.5%, or $8.6 million, versus the same one-month period in the prior year.
  • "As we embark upon the new fiscal year, we experienced growth in net merchandise sales and positive comparable sales, despite 30 club days lost in the month of September.
  • We saw improvement in net merchandise sales in our Colombian market and experienced negative comparable net merchandise sales in some markets in Central America.
  • The term "currency exchange rates" refers to the currency exchange rates the Company uses to convert net merchandise and comparable net merchandise sales for all countries where the functional currency is not the U.S. dollar into U.S. dollars.

STERIS Expands Healthcare Consumables Offering with Acquisition of Key Surgical for approximately $850 million

Retrieved on: 
Tuesday, October 6, 2020
Currency, Foreign exchange market, Money, International macroeconomics, Economy, Exchange rate, Rates, Bureau de change, World economy

To measure the percentage organic revenue growth, the Company removes the impact of significant acquisitions and divestitures that affect the comparability and trends in revenue.

Key Points: 
  • To measure the percentage organic revenue growth, the Company removes the impact of significant acquisitions and divestitures that affect the comparability and trends in revenue.
  • The impact of changes in currency exchange rates is calculated by translating current year results at prior year average currency exchange rates.
  • References to products are summaries only and should not be considered the specific terms of the product clearance or literature.
  • Unless legally required,STERISdoes not undertake to update or revise any forward-looking statements even if events make clear that any projected results, express or implied, will not be realized.

Alchemy Pay to Integrate Chainlink Price Feeds to Power DeFi Products and Fair Crypto Payments

Retrieved on: 
Monday, September 28, 2020
Professional services, Data management, Technology, Software, Finance, Networks, Banking, Defi, Exchange rate, Money, Economy, Finance

Alchemy Pay, a pioneer in hybrid digital and fiat payment solutions, is integrating Chainlinks Price Feeds to help power DeFi products in its DeFi platform as well as set fair market exchange rates on its crypto payments gateway system.

Key Points: 
  • Alchemy Pay, a pioneer in hybrid digital and fiat payment solutions, is integrating Chainlinks Price Feeds to help power DeFi products in its DeFi platform as well as set fair market exchange rates on its crypto payments gateway system.
  • By integrating Chainlink, Alchemy is able to decentralize and expand its financial services, providing users with highly accurate and transparent decentralized price feeds to power more reliable payments and secure future financing and investment products across crypto and traditional assets.
  • However, amidst the DeFi boom, consumers are left clueless about what DeFi services are safe, available, or suitable for them.
  • As such, Alchemys hybrid payment system will begin using Chainlinks price feeds to help determine exchange rates for crypto payments.

DGAP-News: LEG Immobilien AG: Adjustment of the conversion price for the convertible bond of LEG Immobilien AG in the amount of EUR 550 million due on 30 June 2028 (ISIN DE000A289T23)

Retrieved on: 
Monday, September 7, 2020
Financial markets, Finance, Foreign exchange market, Money, Dividends, Shareholders, Bond, Exchange rate

The conversion price for the bond has been adjusted as a result of dividend payments for financial year 2019 in accordance with 10 of the terms and conditions of the bond, effective 7 September 2020.

Key Points: 
  • The conversion price for the bond has been adjusted as a result of dividend payments for financial year 2019 in accordance with 10 of the terms and conditions of the bond, effective 7 September 2020.
  • The conversion price is now EUR 155.0663 (previously: EUR 155.2500).
  • The reference dividend has been adjusted to EUR 3.5957 (previously: EUR 3.6000).
  • 07.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.

DGAP-News: LEG Immobilien AG: Adjustment of the conversion price for the convertible bond of LEG Immobilien AG in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)

Retrieved on: 
Friday, September 4, 2020
Finance, Economy, Financial markets, Convertible bond, Corporate finance, Currency, Bond, Exchange rate, Euro

LEG Immobilien AG: Adjustment of the conversion price for the convertible bond of LEG Immobilien AG in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)

Key Points: 
  • LEG Immobilien AG: Adjustment of the conversion price for the convertible bond of LEG Immobilien AG in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)
    The issuer is solely responsible for the content of this announcement.
  • Adjustment of the conversion price for the convertible bond of LEG Immobilien AG in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)
    The conversion price for the bond has been adjusted as a result of dividend payments for financial year 2019 in accordance with 10 of the terms and conditions of the bond, effective 4 September 2020.
  • The conversion price is now EUR 116.3349 (previously: EUR 117.2547).
  • The reference dividend has been adjusted to EUR 2.71 (previously: EUR 2.73).

The Bulgarian lev and the Croatian kuna in the exchange rate mechanism (ERM II)

Retrieved on: 
Friday, August 7, 2020
Economy, Foreign exchange market, International trade, European Exchange Rate Mechanism, Croatian kuna, Exchange rate regime, Kuna, Floating exchange rate, Currency board, Exchange rate, Fixed exchange rate system, Euro

Prepared by Ettore Dorrucci, Michael Fidora, Christine Gartner and Tina Zumer The Bulgarian lev and the Croatian kuna were included in the exchange rate mechanism (ERMII) on 10 July 2020.

Key Points: 
  • Prepared by Ettore Dorrucci, Michael Fidora, Christine Gartner and Tina Zumer The Bulgarian lev and the Croatian kuna were included in the exchange rate mechanism (ERMII) on 10 July 2020.
  • ERMII was introduced in 1999 as one of the ways to assess a countrys convergence with the euro area.
  • ERMII is a multilateral arrangement of fixed, but adjustable, exchange rates which provides for a central exchange rate between participating currencies and the euro and a fluctuation band with a standard width of 15% around the central rate.
  • Experience shows that ERMII can accommodate different exchange rate regimes, as is now the case with those of Bulgaria and Croatia.
  • At the same time, the mechanism may incorporate, as a unilateral commitment, tightly managed or pegged exchange rate regimes, and even currency board arrangements.
  • Hrvatska narodna banka maintains the stability of the exchange rate of the kuna against the euro in order to achieve its primary objective of price stability, but does not commit to a fixed exchange rate.
  • The Bulgarian lev and the Croatian kuna were included in ERMII with their current exchange rate levels.
  • The Bulgarian lev has been included in ERMII with a central exchange rate of 1.95583 levs per euro, which corresponds to the fixed exchange rate under Bulgarias currency board arrangement.
  • The Croatian kuna has been included in ERMII with a central exchange rate of 7.53450 kuna per euro, which corresponds to the prevailing market rate at the time of its inclusion on 10 July 2020.
  • For more than two decades (Bulgarian National Bank) has operated a currency board arrangement under which it commits to exchange levs against the euro at a fixed exchange rate.
  • Hrvatska narodna banka has maintained a managed floating exchange rate regime under which the kuna fluctuates within a relatively narrow range around its average exchange rate against the euro.
  • Conversely, the global financial crisis brought about some correction of price and cost levels in both Bulgaria and Croatia.

IPG Photonics Announces Second Quarter 2020 Financial Results

Retrieved on: 
Tuesday, August 4, 2020
Economy, IPG Photonics, Valentin Gapontsev, Gapontsev, IPG, Depreciation, Exchange rate, Universal McCann, Money, Finance

"Despite the continued challenges to our business from the COVID-19 pandemic, we delivered second quarter results above our guidance range on better-than-expected performance in China and strength in new products," said Dr. Valentin Gapontsev, IPG Photonics' Chief Executive Officer.

Key Points: 
  • "Despite the continued challenges to our business from the COVID-19 pandemic, we delivered second quarter results above our guidance range on better-than-expected performance in China and strength in new products," said Dr. Valentin Gapontsev, IPG Photonics' Chief Executive Officer.
  • Currency depreciation relative to the exchange rates assumed in our second quarter guidance reduced revenue by approximately $2 million.
  • During the second quarter, IPG generated $73 million in cash from operations.
  • For the third quarter of 2020, IPG expects revenue of $280 million to $310 million.

Schlumberger Reports on Payments to Governments for the Year Ended 31 December 2019

Retrieved on: 
Tuesday, June 30, 2020
Oil, Gas, Energy, Oil companies, Foreign exchange market, Economy, Petroleum industry, Currency, Exchange rate, Purchasing power, Rates, Schlumberger, Royalty payment

Conversion of EUR to USD based on a rate of EUR 1 = $1.119820829 and of GBP 1 = 1.2772 USD.

Key Points: 
  • Conversion of EUR to USD based on a rate of EUR 1 = $1.119820829 and of GBP 1 = 1.2772 USD.
  • Royalty payments and production entitlements are paid in cash, except where noted.
  • The value of production entitlements made in kind are calculated with reference to market rates at the time of payment.
  • Schlumberger Limited has executive offices in Paris, Houston, London and The Hague, and reported revenues of $32.92 billion in 2019.

International use of the euro broadly stable in 2019

Retrieved on: 
Wednesday, June 10, 2020
Economy, European Union, Eurozone, Foreign exchange market, Economy of the European Union, Currency, Euro, Exchange rate, Central bank, International status and usage of the euro, Reserve currency

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    International use of the euro broadly stable in 2019

    9 June 2020

    The euros international role remained overall stable in 2019.

  • This was one of the principal findings in the latest annual report on The international role of the euro, published today by the European Central Bank (ECB).
  • Adjusting for exchange rate valuation effects, the share of the euro in outstanding international loans was 1 percentage point higher at the end of 2019 than at the end of 2018, at 15.4%.
  • The share of the euro in global foreign exchange reserves and in outstanding international deposits remained broadly stable, as did the share of the euro as an invoicing currency for extra-euro area transactions in goods and the stock of euro banknotes circulating outside the euro area.