Prime Benchmark Research

kamaco Research & Consultancy aims to offer objective advice to clients in order to help them make well-informed real estate related decisions and realise pre-defined goals.

10 10
Prime Benchmark, January 2016

22 February 2016

With an uncertain economic outlook and a deteriorating external sector, most of the Asian central banks have maintained low policy rates and weak currencies to boost their real economies and exports. The market impact of the one-off RMB devaluation announced by the PBOC in August 2015 and the Fed’s decision to raise rates at the end of 2015 have induced a new round of currency depreciation in the region. Except for Japan, which saw a slight currency appreciation, almost all Asian currencies depreciated against the US Dollar by between 1.0% and 13.4% over the second half of 2015.

 
 
10 10
Prime Benchmark, July 2015

31 July 2015

With a less positive economic outlook and lower interest rates in the region, most Asian currencies have depreciated against the US Dollar by between 1.3% and 8.3% over the first half of 2015. However, China and Taiwan have seen a slight currency appreciation against the Greenback, recording a 0.1% and 2% rise over the same period respectively.

 
 
10 10
Prime Benchmark, January 2015

30 January 2015

With a strengthening economic outlook and expectations of rising interest rates, the US Dollar appreciated against most Asian currencies by between 1% and 18% during the second half of 2014. This is reflected in the rental values of commercial buildings in Asia which have become relatively less costly in US dollar terms. However, a mild currency appreciation has been experienced in China, recording a 0.5% rise against the US dollar, compared with the first half of 2014.

 
 
10 10
Prime Benchmark, July 2014

08 August 2014

With a generally stable economic outlook, Asian currencies have appreciated mildly between 1% and 4% during the first half of 2014. However, currency devaluation has been experienced in China and Vietnam, recording a 0.9% and 1.0% local depreciation against the US dollar respectively, compared with the end of 2013. The Japanese government increased the consumption tax rate from 5% to 8% in April 2014, which is reflected in office and retail occupancy costs in Tokyo and Osaka.

 
 
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Prime Benchmark, January 2014

18 February 2014

Further currency devaluation has been experienced in Japan and Australia during the second half of 2013, recording a 6.6% and 3.5% local depreciation against the US dollar respectively, compared with the first half of the year.

 
 
 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

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