Bank of Latvia Changes Table of Exchange Rates
OREANDA-NEWS. January 5, 2011. Bank of Latvia changes Table of Exchange Rates.
On the Estonian Krona
Due to the fact that starting from 1 January 2011
On the Maltese Lira and the
Due to the fact that starting from 1 January 2008
On Setting New Exchange Rates
As of 2 January 2008, the Bank of Latvia sets the exchange rates for eleven more currencies –
the Chinese yuan renminbi (CNY),
the Egyptian pound (EGP),
the Indian rupee (INR),
the
the South Korean won (KRW),
the Moroccan dirham (MAD),
the Tunisian dinar (TND),
the Turkish lira (TRY),
the new
the
the South African rand (ZAR).
For the Chinese yuan renminbi, the Egyptian pound, the Indian rupee, the Moroccan dirham, the Tunisian dinar, the Turkish lira, the new Taiwan dollar and the South African rand the foreign exchange rate is quoted as the Latvian lats per 1 (one) unit of the foreign currency. For the Iceland krona, the South Korean won and the Uzbekistan sum the foreign exchange rate is quoted as the Latvian lats per 100 (one hundred) units of the foreign currency.
On the Slovenian Tolar
Due to the fact that starting from 1 January 2007
On the Romanian leu
As of July 1, 2005, the Romanian national currency unit, the Romanian leu (ROL), will be replaced by a new currency unit, Romanian New Leu (RON), using the exchange rate 1 RON = 10000 ROL. This will bring changes in the quotation of the Bank of Latvia's exchange rates.
As of July 1, 2005, the Bank of Latvia will use the new international code RON for the new Romanian leu in its exchange rate quotations. Likewise, when quoting the new Romanian leu, the exchange rate will be translated as Latvian lats for 1 (one) Romanian leu (RON).
Pegging the Lats to the Euro
The Bank of Latvia on December 30, 2004, has fixed the peg rate of the lats and the euro at 1 EUR = 0.702804 LVL, in effect as of January 1,
On Setting New Exchange Rates
As of January 27, 2003, the Bank of Latvia sets the exchange rate of the Slovenian Tolar (SIT) against the Latvian lats (LVL).
On Exchange Rates
Due to the fact that as of March 1, 2002, the banknotes and coins of national currencies of the Eurozone countries no longer constitute legal tender, the Bank of Latvia has stopped setting the exchange rate of the Latvian lats against the national currencies of the 12 Eurozone countries (see the table below).
The fixed rates of these currencies against the euro will be respectively set as follows:
DEM German Mark |
1.95583 |
BEF Belgian Franc |
40.3399 |
LUF |
40.3399 |
ESP Spanish Peseta |
166.386 |
FRF French Franc |
6.55957 |
IEP Irish Punt |
0.787564 |
ITL Italian Lira |
1936.27 |
NLG |
2.20371 |
ATS Austrian Shilling |
13.7603 |
PTE Portuguese Escudo |
200.482 |
FIM Finnish Mark |
5.94573 |
GRD Greek Drachma |
340.75 |
On Exchange Rates
As of April 23, the Bank of Latvia will stop quoting the accounting exchange rates for the
On Exchange Rates
With reference to the announcement by the National Bank of the
Due to the changes in the denominations, the ISO code of the Belarussian ruble has also been replaced by a new code, BYR. The conversion rate of the Belarussian ruble is 1000 BYB = 1 BYR.
As of January 3, 2000, the exchange rate of the Belarussian ruble against the lats has been set in the following format: 1000 BYR = 0.--- LVL.
On Exchange Rates
As of October 25, 1999, the Bank of Latvia has started to publish exchange rates of foreign currencies and gold in a common table on a day-to-day basis. A weekly table for non-convertible currencies will no longer be provided. Five currencies included in the table of non-convertible currencies, i.e., the Azerbaijani manat (AZM), Belarussian rubel (BYB), Kazakh tenge (KZT), Ukrainian hryvnia (UAH), and Uzbek sum, have been moved to the common table. No quotations are available for the Armenian dram (AMD), Georgian lari (GEL), Tajik ruble (TJR) and Turkmen manat (TMM), as no financial and import-export transactions are conducted in these currencies in
The Bank of Latvia also sets the exchange rate for the Maltese lira (MTL) for the purposes of electronic data processing when preparing the balance of payments.
On Exchange Rates
As of July 12, 1999, the Bank of Latvia sets the exchange rate of the unconvertible currency Uzbekistan som (UZS) against the Latvian lats (LVL) at 1000 units for 1, i.e., UZS 1000 = LVL 1.
In view of the fact that the denomination of the Bulgarian leva has been changed from 1000 BGL to 1 BGN, from now on the Bank of Latvia exchange rate of the Bulgarian leva will be set at 1 BGN is = 0.--- LVL. The change in the code of the Bulgarian leva reflects its altered ISO code. Henceforth, the Bulgarian leva will be assigned the code BGN. These changes are in effect as of July 6.
On Setting New Exchange Rates
As of June 7, 1999, the Bank of Latvia has started setting the accounting (official) exchange rates for two more currencies - the Greek drachma (GRD) and the
Bank of
It is possible to receive the exchange rates for foreign currency and gold set by the Bank of Latvia by registering and submitting an e-mail address. The e-mail message will be sent automatically once a day.
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