moulds

January 17, 2023 Today’s Economic and Trade Consulting

2023-01-17


1. In 2022, global foreign exchange reserves will be significantly reduced by 10%
Recently, according to the "Nihon Keizai Shimbun" report, the global foreign exchange reserves are decreasing significantly. According to the International Monetary Fund, as of the end of September 2022, global foreign exchange reserves will be US$11.5986 trillion, a decrease of 10% from the end of 2021 and the first time since the end of March 2020 that it has fallen below US$12 trillion.


2. Croatia: The currency kuna is officially out of circulation
According to the regulations of the Croatian government, from 00:00 on January 15 local time, the kuna, which has been in circulation as a legal tender for 28 years, will officially cease circulation, and the euro will completely replace the kuna as the only legal tender in Croatia. Croatia joined the eurozone on January 1 this year.


3. It once rose above 6.7, a new high in half a year
The exchange rate of RMB against the US dollar appreciated strongly to a new six-month high. On January 16, the spot exchange rate of RMB against the U.S. dollar rose above the 6.7 mark at the opening, which was the first time in half a year that it broke through this mark. At the same time, the exchange rate of offshore RMB against the US dollar, which more reflects the expectations of international investors, also rose strongly above the 6.7 mark, the first time since July last year. Entering 2023, the spot exchange rate of RMB against the US dollar has appreciated by more than 3.6%, and the exchange rate of offshore RMB against the US dollar has also appreciated by more than 3%.


4. U.S. container imports have fallen back to pre-pandemic levels
Recently, according to a report released by Descartes Data Corporation, U.S. ports handled 1,929,032 incoming containers (calculated in 20-foot equivalent units) in December last year, a decrease of 1.3% from November. The lowest level for imports after a surge in imports sparked by a coronavirus-fueled restocking spree.


5. Wanhai Shipping's revenue in December fell by half, down 50.7% year-on-year
Recently, Wan Hai Shipping released data showing that the company’s revenue in December 2022 was NT$11.458 billion, a year-on-year decrease of 50.7%; revenue in 2022 was NT$258.87 billion, a year-on-year increase of 13.54%. The company said the change in revenue in December was due to lower freight rates.
 

Related News