a provider of solutions that enable eBusinesses to sell in foreign currencies
easily and without currency risks, today announced that Tourico Holidays, a Web travel marketplace for tour operator and wholesalers worldwide, would incorporate E4X's "TREX" solution onto its Website.
Our solution is a straight-forward application that enables online companies to sell in foreign currencies
and thus expand globally and increase their international sales, " said Yuval Tal, CEO of E4X, Inc.
Angell and Hoskins also were concerned that substantial increases in the authorized limits on holdings of foreign currencies
by the Federal Reserve System for the U.
dollar as compared with the foreign currencies
of the countries in which MicroTel has operations may have a positive effect on the financial contribution of those subsidiaries.
By integrating E4X REX, vendors simplify the complexities of managing foreign currencies
by streamlining such processes as: maintaining conversion rates online, sales forecasting in multiple currencies, and banking procedures.
During March, the ESF "warehoused" $2,000 million equivalent of foreign currencies
with the Federal Reserve, bringing the total of warehoused funds to $9,000 million equivalent.
Track Data Corporation (Nasdaq: TRAC) today announced that trading in foreign currencies
is available through its retail and institutional trading platforms.
Chiefly as a result of intervention, the combined Federal Reserve and Treasury net position in foreign currencies
increased to $38 billion equivalent at the end of 1989 valued at historical cost, as shown in chart 3.
Also the explosive increase in value of foreign currencies
due to the U.
Approximately 70% of debt is denominated in foreign currencies
, with the remainder denominated in reais.
5 million equivalent of foreign currencies
monetary authorities' forward dollar purchases against foreign currencies
- which, as previously reported, were initiated in June and July to adjust the foreign currency reserves of the Federal Reserve and Exchange Stabilization Fund (ESF) - took place during the period.