Our advice to speculators: If you like pure gambles, check out the foreign currency market.
The central bank had tried selling the currency at that level on the interbank market for foreign currency, which is how its exchange rate is normally determined, but gave up when no one would buy it.
But if their interventions in the foreign-exchange market drive the currency down, that may boost inflation.
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But it's to be decided by a package of foreign currency that is decided on the market.
Those with a bit of foreign currency to sell on the parallel market need to raise billions to fund these occasions.
The Euro currency deteriorated on the world foreign exchange market as traders sought out the U.S. dollar and U.S. Treasuries for safe-haven assets.
India, for example, seems not to have intervened much in the foreign-exchange market, but its currency has not moved much over the past year either.
The Euro currency is withering in the world foreign exchange market and traders are seeking out the U.S. dollar and U.S. Treasuries.
Rather than trying to increase market share by lowering their foreign-currency prices, exporters have rebuilt their profit margins.
The federal government supported a strong currency to facilitate our internal market and ensure foreign markets worked in our favor.
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With currency ETFs, investors can enjoy the benefits of the foreign exchange market without an actual forex account.
In the 1980s when Iran's foreign currency reserves dried up, licensed exchange bureaux closed down and the black market was run by the street money-changers of Tehran's Ferdowsi Street.
What would really help the market, and stocks like Canon, whose earnings are largely in foreign currency, is depreciation of the yen.
The economy is improving, but Jessica Hoversen, a foreign exchange and fixed-income futures analyst at MF Global, warns that the currency market may have already overextended itself in the short term, while long-term trends endanger the U.S. dollar.
In the trading strategy that has apparently been at the center of the moves over the past week, foreign funds seem to have been hedging their currency risks when making their initial share purchases by selling yen in the foreign-exchange market.
The Indian currency, the rupee, was inconvertible and high tariffs and import licensing prevented foreign goods reaching the market.
The theory holds that a depreciating currency allows exporters to cut the prices of their products as denominated in foreign currencies and thus gobble up market share.
The government has abolished jail terms for those caught dealing in foreign currency, offered extra incentives for private investment and brought the official exchange rate closer to the black-market one.
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