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Wayno
Big Wall climber
Seattle, WA
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Topic Author's Original Post - Oct 26, 2008 - 02:58pm PT
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My wife found some Phillipines paper money while out walking the dogs. 170 pesos. I thought maybe a sandwich and a beer, but it only goes at about $3.48. Damn it. I can't eat that cheap fast food. She also bought some Iraqi Dinars this summer just for the fun of it. I think she spent like fifty bucks or so. It's really well done printing. Kinda pretty. I think she figured that it can only get better over there. She's never been to Iraq but she has money from all the other places she's been. It's an interesting collection.
My little brother works in the financial arena as some kinda consultant and he once told me that currency exchange rates was where he trades and makes the most. I didn't understand but he does and does well.
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ß Î Ø T Ç H
climber
From: From: From: From:
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Oct 26, 2008 - 04:37pm PT
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The mexican peso spiked past 14 (to the dollar) last week . It's good to keep an eye on it , and send money when it's up if you got anything going on south of the border . http://www.forexdirectory.net/mxp.html
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tooth
Mountain climber
B.C.
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Oct 26, 2008 - 04:48pm PT
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Just made 10k this past month on the Canadian dollar dropping. Or was the the USD rising?
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Mighty Hiker
Social climber
Vancouver, B.C.
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Oct 26, 2008 - 05:01pm PT
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The Canadian and U.S. dollars were nearly at par until early September. Canadian dollar now at about US$0.80, a 20% decline. As most European currencies declined about 10%, it's thought that half the 20% is due to declining resource/oil prices (Canada exports oil = petrocurrency), half to the stampede to the US dollar. Canada's economy is overall in better shape, so chances are that our dollar will rise over the next 6 - 12 months.
About 1% of the coins in circulation in Canada are US.
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Ghost
climber
A long way from where I started
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Oct 26, 2008 - 06:01pm PT
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I don't know about FX trading as a way to wealth, but I'm leaving for Kuala Lumpur in a few days, so maybe the strengthening US dollar will get me a little more bang for my Ringgit.
To swivel this 180 degrees and turn it into a climbing thread, there's a 4,000 meter granite monolith -- Mt. Kinabalu -- in Malaysia. Unfortunately, I won't have time to get to it.
D
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