Exchange Rate in Brunei
Brunei - Exchange RateThe economy likely remained on feeble footing in the second quarter, after contracting in the first quarter. Merchandise trade data paints a mixed picture. While exports declined in May following a healthy print in April, robust capital goods imports in May suggests investment spending may have rebounded in the quarter. Turning to the third quarter, the extension of the oil production cuts in July bodes poorly for the energy sector and the government’s coffers. That said, Hengyi Petrochemical’s new refinery plant began trial operations in July and is expected to begin commercial production later this year. According to the Ministry of Energy, once at full production, the plant could boost Brunei's GDP by over USD 1 billion in the first year and create over 1,500 jobs.
Brunei - Exchange Rate Data
|Exchange Rate (vs USD)||1.66||1.68||1.53||1.53||1.56|
5 years of economic forecasts for more than 30 economic indicators.
Source: Thomson Reuters.
|Exchange Rate||1.38||0.0 %||Sep 04|
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