Philipc4u59 wrote:I realize the stronger dollar is only TEMPORARY, with all the ENTITLEMENT issues (money drain) of the US.
I have no control over this, even the politicians are afraid to take ACTION - but I can trade the rises & declines of the dollar on the Forex or other exchanges & make GOOD MONEY - just don't know what company to use.
PS - former stock broker with Merrill Lynch & others in US (experience in option trading, but not commodities)
chi chi wrote:The best thing is to have bankaccount in different currencies.
I have an account with Interbank in EUROS and in Soles.
When the Euro goes up, I withdraw from my Euro account. When the EURO goes down, I withdraw from my soles account.
I always have a few dollares laying around too. Handy in case, I travel to the US or like last week, to Ecuador.
Sergio Bernales wrote:I'm with you on this, Chi Chi, but the problem I face is source of income, which is in sterling or dollars and then the charges for transferring to a Peruvian bank account, or withdrawing from a foreign bank account at the ATM. Do you know a way to get round international bank charges?
vivaperusurf wrote:Looking at a recent graph of the dollar vs sol seems back in 2009 there was a big spike. For those of you who are financial types and have some history in Peru, may I ask if you know what caused the spike back then, and how conditions differ from then to now?
Alpineprince wrote:vivaperusurf wrote:Looking at a recent graph of the dollar vs sol seems back in 2009 there was a big spike. For those of you who are financial types and have some history in Peru, may I ask if you know what caused the spike back then, and how conditions differ from then to now?
That coincided with the "great recession" and stock market collapse which ended in March of 2009 and due to worldwide fear a rush to the Dollar which is viewed as the world's safest currency.
This time I suspect it was as a result of copper prices (-16% YTD) combined with what is seen as a possible/probable slowdown in the local economy.
sbaustin wrote:A nice little 3 year chart of the sol vs dollar:
http://www.wolframalpha.com/share/clip? ... r9dvi4of7e
ariel wrote:Great site. Thanks for the link.
sbaustin wrote:ariel wrote:Great site. Thanks for the link.
Wolfram Alpha is awesome for anything that can be computed. You'd be surprised what you can ask it.
crazytacoperu.com wrote:I am posting this on the 15th, yesterday my cambista gave me 2.72 but said no more. After the 14th it would be 2.70 because on the 15th soles are in demand (for payroll as stated above I guess). But by the 20th it should start rising again. He tells me this every month, so it seems to be. I am holding out for 2.80.
Hoping it gets to $3, my cambista told me to expect that by the end of the year if not sooner. Hope he's right.
I thought the dollar exchange rate was more tied to the US Economy than China's. But I would sure like to to be better informed.
Philipc4u59 wrote:Yes, I am not comfortable with the national debt; but DON'T BET AGAINST THE USA!
I have read about FISCAL PLANS, that would have "my country" debt free in 10 years or less.
It is a matter of:
1. Decrease the entitlements (too generous & too many government programs)
2. Increase taxation, while creating new jobs that add more taxes to the coffers
3. Stop defending the entire WORLD; the US needs to defend it's own people from hunger, foreclosures, etc.
The actual solution is much more complex; this is just what I subscribe to.
Alpineprince wrote:The holiday I believe is "Saint Rose of Lima".
panman wrote:Alpineprince wrote:The holiday I believe is "Saint Rose of Lima".
I think you'll find the holiday is St Peter's/Paul's day.
St Rosa's day is on 30th August.