Nov
TABLE-Asian currencies set to remain sluggish
FORECASTS FOR EMERGING ASIA CURRENCIES AGAINST THE U.S.
DOLLAR BY END 2008:
INDIAN RUPEE
————
UBS 52.00
Kotak Mahindra Bank 52.00
Barclays 52.00
ICICI Securities 51.00
Bank of Baroda 49.50
JP Morgan Chase 49.00
Axis Bank 49.00
CRISIL 49.00
Standard Chartered Bank 48.50
Bank of India 48.00
Bank of Muscat 46.10
———————————
Median 49.00
INDONESIAN RUPIAH
—————–
Merrill Lynch 9,600
Nomura 9,700
Bank of America 9,800
Calyon 10,000
OCBC Bank 10,000
Standard Chartered Bank 10,200
CIMB Investment Bank 10,000
CLSA 10,000
BNP Paribas 11,000
Citigroup 11,000
———————————
Median 10,000
KOREAN WON
———-
DBS Bank 1,150
HSBC 1,160
Woori Investment & Secs 1,180
Goodmorning Shinhan Secs 1,200
Hana Daetoo Securities 1,200
JPMorgan Chase 1,200
HI Investment & Secs 1,220
Citigroup 1,250
Samsung Futures 1,250
SC First Bank 1,250
———————————
Median 1,200
MALAYSIAN RINGGIT
—————–
Action Economics 3.60
Bank Islam 3.50 (mid-point of 3.45-3.55 range)
Calyon 3.55
CIMB 3.60
Citigroup 3.60
HSBC 3.55
ING 3.535
JP Morgan 3.50
Nomura 3.50 (mid-point of 3.40-3.60 range)
RHB 3.65
TA Securities 3.50
——————————–
Median 3.55
NEW ZEALAND DOLLAR
——————
ANZ $0.620
ASB Bank $0.580
BNZ $0.530
Deutsche $0.530
Goldman JB Were $0.640
Infometrics $0.615
JPMorgan $0.530
UBS NZ $0.600
Westpac $0.550
4CAST $0.535
——————————–
Median $0.565
PHILIPPINE PESO
————
ATR-Kim Eng 42.0
BNP Paribas 51.0
Banco de Oro Unibank 46.0
Citigroup 48.5
Deutsche Bank 48.0
IDEAglobal 47.0
Informa Global 50.0
JPMorgan Chase 46.0
Macquarie Bank 49.5
Royal Bank of Scotland 47.0
Standard Chartered 48.25
UBS 50.0
——————————-
Median 48.1
SINGAPORE DOLLAR
—————-
Credit Suisse 1.45
Merrill Lynch 1.45
Calyon 1.48
Action Economics 1.49
Barclays 1.51
Deutsche Bank 1.50
OCBC 1.50
UOB 1.50
ABN Amro 1.53
ING 1.49
——————————–
Median 1.50
TAIWAN DOLLAR
————-
Chinatrust Commercial Bk 32.5
Standard Chartered 32.7
ING 32.8
Polaris Research Inst 33.0
Capital Securities 33.2
DBS 33.5
KGI Securities 33.5
Masterlink Securities 33.5
Jih Sun Securities 34.0
Credit Suisse 35.0
——————————-
Median 33.4
THAI BAHT
———
Action Economics 35.5
BNP Paribas 36.0
Capital Nomura Securities 34.5
DBS Bank 36.0
HSBC 36.0
ING 34.85
KasikornBank 34.0
Phatra Securities 34.5
SCB Securities 34.5
Stanchart 34.5
Tisco Securities 34.8
——————————-
Source: http://www.afxnews.com
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