Friday, 06 August 2010
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Fiji Dollar Hits Four Month High Against US Dollar
5 August 2010
Global Round Up – Currencies
NBGRCU
English
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GLOBAL ROUND UP
CURRENCIES
The Fiji Dollar traded at its 79-day high of 52.64 US cents. The Fiji Dollar strengthened 0.18 US cents (or 0.3%) to close at 52.64 US cents.
Price Change % 1-day 1-mo 1-yr
FJD vs USD 0.3% 3.1% 4.4%
TECHNICAL ANALYSIS
Significant Uptrend
Price Trend: the exchange rate increased 1.7% in the last week and added 3.1% in the last month.
Relativities: today the percentile rank of the FJD in the Currency market was 88 (rank 10 out of 82). The Fiji Dollar has a 6-month relative strength of 82 (rank 15 out of 82) which means it is outperforming 82% of global peers. A rise combined with a high relative strength is a bullish signal.
Moving average price (MAP): the exchange rate to 200-day MAP ratio is 1.01, a bullish indicator. In the past 200 days this ratio has exceeded 1.01 15 times suggesting further upside. The Fiji Dollar is trading above both its MAPs at 52.0 US cents for the 200-day MAP and 51.0 US cents for the 50-day MAP, another bullish indicator.
Breakout: the Fiji Dollar traded at a four-month high of 52.64 US cents today. The bulls are maintaining control with open, high, low and close of the exchange rate exceeding yesterday's levels.
Support: the support price is hovering at the 50.41 US cents level. In the last one month the first low was at 50.41 US cents on Jul 07, the second at 50.87 US cents on Jul 08. The third decline halted at 50.94 US cents on Jul 09, the 4th at 51.08 US cents on Jul 06, the 5th at 51.22 US cents on Jul 20, the 6th at 51.24 US cents on Jul 14, the 7th at 51.25 US cents on Jul 12, the 8th at 51.29 US cents on Jul 13, the 9th at 51.35 US cents on Jul 21 and the 10th at 51.41 US cents on Jul 22
Rises to Falls: In the last three months the number of rises outnumbered falls 37:29 or 1.3:1.
CURRENCY DYNAMICS
Volatility: in the last week the Fiji Dollar traded between a high of 52.64 US cents on August 05 and a low of 51.94 US cents on August 02. In the last month the Fiji Dollar traded between a high of 52.64 US cents and a low of 50.41 US cents.
% Discount to high: the last price is at a discount of 2.6% to the 12-month high of 54.03 US cents nine months ago on 18 Nov, 2009.
% Premium to low: the last price is at a premium of 6.7% to the 12-month low of 49.32 US cents two months ago on 09 Jun, 2010.
INVESTOR RETURNS (FJD1000 invested in USD in the past)
Trailing five years: the value of FJD1000 invested in the USD five years ago was worth US$583 at the then exchange rate of 0.583 and converted back to FJD at today's exchange rate of 0.5264 is now worth FJD1,107, representing a capital gain of FJD107.
Currency Today 1 yr ago
Fiji Dollar 957 1,000
US dollar 504 504
FJD 1 = x USD 0.526 0.504
INVESTOR RETURNS (USD1000 invested in FJD in the past)
The US dollar last traded at FJD1.8997 or a fall of 0.65 Fijian cent (or 0.3%) in the last 24 trading hours. In the last week it was down by 3.15 Fijian cents (or 1.6%) and traded between a high of FJD1.9253 and a low of FJD1.8997. It is currently trading at a discount of 6.3% to the 12-month high of FJD2.0276 two months ago on 09 Jun, 2010 and at a premium of 285.3% to the 12-month low of 49.31 Fijian cents a year ago on 18 Aug, 2009.
Trailing one year: the value of USD1000 invested in the FJD a year ago was worth FJD1,983 at the then exchange rate of 1.983 and converted back to USD at today's exchange rate of 1.8997 is now worth US$1,044, representing a capital gain of US$44.
Trailing one month: the value of USD1000 invested in the FJD a month ago was worth FJD1,958 at the then exchange rate of 1.958 and converted back to USD at today's exchange rate of 1.8997 is now worth US$1,031, representing a capital gain of US$31.
GDP, CURRENT ACCOUNT DEFICIT, BUDGET SURPLUS & INFLATION
The GDP of Fiji is FJD6 billion (or US$3.1 billion) for 2009 - 2010. It grew at 2.08%. Annual inflation for 2009 - 2010 is running at 4.0%.
The GDP of United States of America is US$15,987 billion (or US$15,987 billion) for 2009 - 2010. It grew at -1.84%. The budget deficit for 2009 - 2010 was US$1,420 billion (or US$1,420 billion). Annual inflation for 2009 - 2010 is running at -0.15%. The unemployment rate for 2009 - 2010 is 8.87%.
MAJOR EXPORT PARTNERS FIJI (2008)
Major exports to: US 15.2%, UK 11.6%, Australia 10.2%, Samoa 5.2%, Tonga 4.6%, Japan 4.1%.
MAJOR EXPORT AND IMPORT PARTNERS UNITED STATES OF AMERICA (2008)
Total Exports: US$1,277 billion
Major exports to: Canada 20.1%, Mexico 11.7%, China 5.5%, Japan 5.1%, Germany 4.2%, UK 4.1%.
Total Imports: US$2,117 billion
Major imports from: China 16.5%, Canada 15.7%, Mexico 10.1%, Japan 6.6%, Germany 4.6%.
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