Skip to main content

US Dollars - yum! yum! (36)

Oct 25, 2008 6:12 AM CST US Dollars - yum! yum!
rusty_knight
rusty_knightrusty_knightGozo, Malta254 Threads 4 Polls 10,684 Posts
The Euro/dollar exhange rate closed yesterday at euros 1.2584 to the dollar..... that means a dollar is now worth 79.46598 euro cents.

On 15th July the dollar was worth slightly less than 63 euro cents.

Let's say a dollar is worth 79 euro cents; that means it is now worth 16 eurocents per dollar more and that's an increase of:

16/63 x 100 = 25.39682%

Some so-called experts are predicting that the dollar will reach 'parity' with the euro - i.e. that one dollar would equal one euro

(originally when the euro first appeared out of the melting pot of EU thingybobism it was actually worth a lot less than the dollar).

I think that either now or in the very near future would be a good time to convert some dollars to euros - a couple of euros in the hand is worth more than a few dollar coins in the bush; and quite a lot of negative US economic data due out this coming week.

What are your thoughts?

Do you have a yen for the yen? Would you like to Putin a few roubles? Would you run from rupees? Do you have a ying for the Chinese yang?

Sterling - is the pound sterling going to die? (I reckon the UK will be part of the eurozone within half a decade, but not within the next couple of years).
Oct 25, 2008 6:14 AM CST US Dollars - yum! yum!
I still think Europe is about 200 years too late!dunno uh oh hole
Oct 25, 2008 6:18 AM CST US Dollars - yum! yum!
rusty_knight
rusty_knightrusty_knightGozo, Malta254 Threads 4 Polls 10,684 Posts
Conrad73: I still think Europe is about 200 years too late!


for what?

I forgot to mention Swiss francs - I believe you have a swiss forward option market on toblerones.....right? grin
Oct 25, 2008 6:22 AM CST US Dollars - yum! yum!
jbibiza
jbibizajbibizaIbiza, Balearic Islands Spain133 Threads 6 Polls 7,679 Posts
All I know is that I had a great time shopping with my Euros when I was in the States last May!!!
Oct 25, 2008 6:24 AM CST US Dollars - yum! yum!
rusty_knight: for what?

I forgot to mention Swiss francs - I believe you have a swiss forward option market on toblerones.....right?
Thought there was more to Swiss Chocolate than Toblerone.rolling on the floor laughing
Pretty Perishable market,those Toblerones.laugh
Oct 25, 2008 6:28 AM CST US Dollars - yum! yum!
rusty_knight
rusty_knightrusty_knightGozo, Malta254 Threads 4 Polls 10,684 Posts
Conrad73: Thought there was more to Swiss Chocolate than Toblerone.
Pretty Perishable market,those Toblerones.


Perish the thought of spending all my dollars on toblerones and then finding them all eaten up by voracious CS ladies while I wasn't looking!

moping rolling on the floor laughing
Oct 25, 2008 6:32 AM CST US Dollars - yum! yum!
X_REBEL
X_REBELX_REBELNorth Shore, Auckland New Zealand9 Threads 1,263 Posts
to be safe i'd invest in the srongest currency in the world... the Kuwaiti Dinar...
Oct 25, 2008 6:36 AM CST US Dollars - yum! yum!
rusty_knight
rusty_knightrusty_knightGozo, Malta254 Threads 4 Polls 10,684 Posts
X_REBEL: to be safe i'd invest in the srongest currency in the world... the Kuwaiti Dinar...


Cool idea!

I don't know enough about the Kuwaiti Dinar, but aren't some arab oil states currencies linked to the dollar? dunno
Oct 25, 2008 6:42 AM CST US Dollars - yum! yum!
shot3743
shot3743shot3743Vidin, Bulgaria36 Threads 3 Polls 822 Posts
rusty_knight: The Euro/dollar exhange rate closed yesterday at euros 1.2584 to the dollar..... that means a dollar is now worth 79.46598 euro cents.

On 15th July the dollar was worth slightly less than 63 euro cents.

Let's say a dollar is worth 79 euro cents; that means it is now worth 16 eurocents per dollar more and that's an increase of:

16/63 x 100 = 25.39682%

Some so-called experts are predicting that the dollar will reach 'parity' with the euro - i.e. that one dollar would equal one euro

(originally when the euro first appeared out of the melting pot of EU thingybobism it was actually worth a lot less than the dollar).

I think that either now or in the very near future would be a good time to convert some dollars to euros - a couple of euros in the hand is worth more than a few dollar coins in the bush; and quite a lot of negative US economic data due out this coming week.

What are your thoughts?

Do you have a yen for the yen? Would you like to Putin a few roubles? Would you run from rupees? Do you have a ying for the Chinese yang?

Sterling - is the pound sterling going to die? (I reckon the UK will be part of the eurozone within half a decade, but not within the next couple of years).



I don't get it Rusty.
The dollar gained 25% in value in the last 3 months.
It's predicted to gain another 25% some time soon, you say. I.e. from 79 to 100 euro cents.
You're saying, exchange your dollars for Euros and watch these Euros lose value?

And will any of this affect my overdraft?
Oct 25, 2008 6:46 AM CST US Dollars - yum! yum!
X_REBEL
X_REBELX_REBELNorth Shore, Auckland New Zealand9 Threads 1,263 Posts
rusty_knight: Cool idea!

I don't know enough about the Kuwaiti Dinar, but aren't some arab oil states currencies linked to the dollar?


I dont know that much about other arab countries, what i do know is that a friend of mine gets paid in the Kuwaiti Dinar...needles to say, no matter where he travels in the world...he alsways smiles wine
Oct 25, 2008 6:47 AM CST US Dollars - yum! yum!
rusty_knight
rusty_knightrusty_knightGozo, Malta254 Threads 4 Polls 10,684 Posts
shot3743: I don't get it Rusty.
The dollar gained 25% in value in the last 3 months.
It's predicted to gain another 25% some time soon, you say. I.e. from 79 to 100 euro cents.
You're saying, exchange your dollars for Euros and watch these Euros lose value?

And will any of this affect my overdraft?


I live in the eurozone. I spend money in euros. I'm just saying that I'd rather take a decent profit now, than be greedy in the HOPE that ther experts are right... what I'll probably do is sell SOME dollar investments to make a profit and reinvest in euro investments - that way my income (in euros) will go up.

These kinds of profits are only on paper - you neither make a gain or a loss until you sell... but my INCOME is something I need because we all need income to live on - son making a profit to generate an increased income in the currency you live on makes sense.

I hope I haven't confused you!

wine
Oct 25, 2008 6:49 AM CST US Dollars - yum! yum!
Sommerauer71
Sommerauer71Sommerauer71Salzburg, Austria164 Threads 4 Polls 19,249 Posts
X_REBEL: I dont know that much about other arab countries, what i do know is that a friend of mine gets paid in the Kuwaiti Dinar...needles to say, no matter where he travels in the world...he alsways smiles


The Bahraini Dinar is pegged against the US Dollar.
Oct 25, 2008 7:02 AM CST US Dollars - yum! yum!
shot3743
shot3743shot3743Vidin, Bulgaria36 Threads 3 Polls 822 Posts
rusty_knight:

I hope I haven't confused you!


have to have a think about that! beer
Oct 25, 2008 7:35 AM CST US Dollars - yum! yum!
rusty_knight
rusty_knightrusty_knightGozo, Malta254 Threads 4 Polls 10,684 Posts
shot3743: have to have a think about that!


I'm sure you're not confused....... just winding me up! beer
Oct 25, 2008 8:06 AM CST US Dollars - yum! yum!
shot3743
shot3743shot3743Vidin, Bulgaria36 Threads 3 Polls 822 Posts
rusty_knight: I'm sure you're not confused....... just winding me up!


Yeah right. I'll pretend I agree with that!

Don't own any stocks, shares, bonds, currencies, what have you. Just a little overdraft that I can call my own.
And my house of course, into which I sink my monthly moolah.

Still hoping my bank (online) goes bust and the administrators try to contact me by phone, and I'll pretend to be a call centre.rolling on the floor laughing
Oct 25, 2008 8:15 AM CST US Dollars - yum! yum!
Wonder how much George Soros raked in,speculating with the US-Dollar.uh oh mumbling hole
Oct 25, 2008 8:28 AM CST US Dollars - yum! yum!
rusty_knight: The Euro/dollar exhange rate closed yesterday at euros 1.2584 to the dollar..... that means a dollar is now worth 79.46598 euro cents.

On 15th July the dollar was worth slightly less than 63 euro cents.

Let's say a dollar is worth 79 euro cents; that means it is now worth 16 eurocents per dollar more and that's an increase of:

16/63 x 100 = 25.39682%

Some so-called experts are predicting that the dollar will reach 'parity' with the euro - i.e. that one dollar would equal one euro

(originally when the euro first appeared out of the melting pot of EU thingybobism it was actually worth a lot less than the dollar).

I think that either now or in the very near future would be a good time to convert some dollars to euros - a couple of euros in the hand is worth more than a few dollar coins in the bush; and quite a lot of negative US economic data due out this coming week.

What are your thoughts?

Do you have a yen for the yen? Would you like to Putin a few roubles? Would you run from rupees? Do you have a ying for the Chinese yang?

Sterling - is the pound sterling going to die? (I reckon the UK will be part of the eurozone within half a decade, but not within the next couple of years).


The dollar should keep jumping up in the next 6 to 18 months. I'm holding on to my dollars for now. Converting dollars to euros would not be my gameplan. If you have millions to play with, than I can see the merits of converting dollars to euros, otherwise I would hold off for a few more months when the dollar peaks before it goes back down again....a lot of factors depend on this of course. Interestingly enough, cash reserves around the world has gone up recently.
Oct 25, 2008 8:47 AM CST US Dollars - yum! yum!
StressFree: The dollar should keep jumping up in the next 6 to 18 months. I'm holding on to my dollars for now. Converting dollars to euros would not be my gameplan. If you have millions to play with, than I can see the merits of converting dollars to euros, otherwise I would hold off for a few more months when the dollar peaks before it goes back down again....a lot of factors depend on this of course. Interestingly enough, cash reserves around the world has gone up recently.
I am still holding on to a Couple of K in US-$.
Better if I spend them In Country,than exchange them.
Why let the Bank have the Profit?
Dollars will be handy in 2010 in San Anton!thumbs up thumbs up grin yay
Oct 25, 2008 9:02 AM CST US Dollars - yum! yum!
rusty_knight
rusty_knightrusty_knightGozo, Malta254 Threads 4 Polls 10,684 Posts
StressFree: The dollar should keep jumping up in the next 6 to 18 months. I'm holding on to my dollars for now. Converting dollars to euros would not be my gameplan. If you have millions to play with, than I can see the merits of converting dollars to euros, otherwise I would hold off for a few more months when the dollar peaks before it goes back down again....a lot of factors depend on this of course. Interestingly enough, cash reserves around the world has gone up recently.


I hope you are right.......... thumbs up grin

I'm just talking the difference between making a known profit and the risk that if it goes the other way one could lose just for the sake of hanging on for a larger expected profit..... however, I lack judgement; I am probably wrong and the experts right.

Millions to play with would be nice; no - not millions, but a considerable sum...........

I have another factor to consider when making a short-term decision; an investment will mature early next year. If I sell now, before it matures, I'll make a small percentage loss (not a lot, but over two thousand dollars).

Right now I could reinvest cheaply, increase my income AND make a nice big capital gain when the new investment matures - if I wait until early next year investments might not be bargains they appear to be right now.... get my drift?

confused
Oct 25, 2008 10:47 AM CST US Dollars - yum! yum!
phoenix
phoenixphoenixparis, Ile-de-France France103 Threads 4 Polls 5,247 Posts
shot3743: Yeah righth.

Still hoping my bank (online) goes bust and the administrators try to contact me by phone, and I'll pretend to be a call centre.


Excellentrolling on the floor laughing rolling on the floor laughing rolling on the floor laughing
Post Comment - Post a comment on this Forum Thread

Stats for this Thread

1,034 Views
35 Comments
by rusty_knight (254 Threads)
Created: Oct 2008
Last Viewed: Feb 24
Last Commented: Mar 2009

Share this Thread

Post Comment back to top
We use cookies to ensure that you have the best experience possible on our website. Read Our Privacy Policy Here