|Product Name||Interbank Rate|
|Region/Countries for which Data is available||
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Post-Sale Analyst Support||360-degree analyst support after service delivery|
Request for Real Time Prices: https://www.procurementresource.com/resource-center/interbank-rate-price-trends/pricerequest
The rate that banks utilise when transacting with one another in large amounts of foreign currency is referred to as the interbank rate. The average person participating in smaller money transfers is likely to be offered a marked-up rate because this rate is essentially reserved for banks and major financial organisations, allowing the organisation involved in exchanging to turn a profit.
Numerous agencies (including Reuters) offer the interbank rate status at any given moment; however, these rates are subject to numerous minute factors and may change at any time.
The leading regions for interbank rates are Switzerland, Spain, Japan, Austria, Greece, Belgium, Germany, Italy, and the Netherlands.
Key Details About the Interbank Rate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the interbank rate price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Interbank rate Price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Interbank Rate Price Trend:
Interbank Rate price trend is prompted by its industrial applications comprising calculations for the demand and supply for an exact currency, foreign exchange rates, and transactions between banks in different countries.
Key Market Players:
- JP Morgan Chase (based in the United States)
- HSBC (based in Asia)
- Deutsche Bank (based in Germany
News and Events:
- September 27, 2022: A tool namely the exchange rate query tool was introduced which allows the data from IMF Rates databases to retrieve exchange rates data.
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- Land Cost Price Trend – https://www.procurementresource.com/resource-center/land-cost-price-trends
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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