US Dollars - yum! yum! (33)
I still think Europe is about 200 years too late!
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?
All I know is that I had a great time shopping with my Euros when I was in the States last May!!!
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.I forgot to mention Swiss francs - I believe you have a swiss forward option market on toblerones.....right?
Pretty Perishable market,those Toblerones.
Conrad73: Thought there was more to Swiss Chocolate than Toblerone.
Pretty Perishable market,those Toblerones.
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!
to be safe i'd invest in the srongest currency in the world... the Kuwaiti Dinar...
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?
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).
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?
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 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
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?
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!
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.
rusty_knight:
I hope I haven't confused you!
I hope I haven't confused you!
have to have a think about that!
shot3743: have to have a think about that!
I'm sure you're not confused....... just winding me up!
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.
Wonder how much George Soros raked in,speculating with the US-Dollar. 
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).
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.
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!
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..........
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?
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.
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.
Excellent
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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).