Sol makes 2 year low!

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Alpineprince
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Sol makes 2 year low!

Postby Alpineprince » Thu Aug 01, 2013 1:40 pm

The Sol hit a 2 year low today at 2.7995! :D


Philipc4u59
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Re: Sol makes 2 year low!

Postby Philipc4u59 » Sat Aug 03, 2013 8:49 pm

Where did you get that info from?
I watch the figure quoted in the top right of the Expatperu home page; but not as accurate.
What direction do you feel the sole is going?

Best wishes,
Philip :roll:
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Re: Sol makes 2 year low!

Postby Alpineprince » Sun Aug 04, 2013 2:27 pm

I use xe.com . I am like everyone else and do not know which way it will go. If the FED tapers in Sept (as expected) then I think it will continue to go down.
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Re: Sol makes 2 year low!

Postby koplinfamilia » Sun Aug 04, 2013 2:30 pm

It has been a lot lower than that this year... in the 2.5's.....
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sbaustin
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Re: Sol makes 2 year low!

Postby sbaustin » Sun Aug 04, 2013 3:10 pm

koplinfamilia wrote:It has been a lot lower than that this year... in the 2.5's.....


alpineprince is referring to the value of the sol against the dollar. 2.5 would mean the sol is close to a high..
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Re: Sol makes 2 year low!

Postby Philipc4u59 » Sun Aug 04, 2013 6:52 pm

Yes, sbaustin; glad you caught that!
You are doing quite well in your activities with expat.

Philip :roll:
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Postby koplinfamilia » Mon Aug 12, 2013 3:13 pm

Yes, you guys are right, I got that one backwards! I get it now :)
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chi chi
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Re: Sol makes 2 year low!

Postby chi chi » Tue Aug 13, 2013 8:39 am

1 EURO = 3.71 soles I haven't seen such a high rate since the middle ages.
Good news. I soon have to exchange a fistfull of EUROS.
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Re: Sol makes 2 year low!

Postby Philipc4u59 » Tue Aug 13, 2013 10:37 am

Chi Chi,

Did you win this money at a casino in Europe?

Best wishes,
Philip :|
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Re: Sol makes 2 year low!

Postby chi chi » Tue Aug 13, 2013 2:35 pm

Does anyone knows what the exchange rate is in Lima for euros?
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Re: Sol makes 2 year low!

Postby TShadow » Tue Aug 13, 2013 2:56 pm

@Philip, maybe he has a private production :-)

@chi chi how much do you need to change?
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Re: Sol makes 2 year low!

Postby Philipc4u59 » Tue Aug 13, 2013 3:08 pm

Chi Chi,

Make sure the ink is DRY on the euros you have; the last batch to me, I had "problems" to redeem.

Philip :roll:
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Re: Sol makes 2 year low!

Postby tupacperu » Wed Aug 14, 2013 1:49 pm

2.80 for $1.00 today.

Waiting for the GDP figures, they come out every 14th-15th of the month. There has been complete silence from the Financial Newspaper out of Peru. Drum-Roll.....................................
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Re: Sol makes 2 year low!

Postby Alpineprince » Wed Aug 14, 2013 2:30 pm

Been getting 2.8 on the street all week as the Gov't has been spending many millions to defend the 2.8 level.
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Re: Sol makes 2 year low!

Postby NYGiantsfan » Wed Aug 14, 2013 9:03 pm

i normally go to a casino in MF and change and walk out. much better rate than a bank and some money changers. although at casino Atlantic city you are not allowed to change and leave. i go to Fiesta down the street, no hassles there.

IMO i feel the FED will never "Taper" they have to keep buying treasuries and are printing themselves into a corner. or maybe they will just come up with a new system to fool the general public that they have stopped buying treasuries and create some new alphabet soup group to handle those responsibilities. All i know is that Ben Bernanke will not go down in history as the captain of the titanic, but he is most definitely responsible of the current course with the iceberg.
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Re: Sol makes 2 year low!

Postby Philipc4u59 » Thu Aug 15, 2013 8:55 am

At the casinos; do they give you a preferencial rate; as the pharmacies?
One time I changed a $50 at a pharm; they gave me 2.70 - when the best rate was 2.63!
Is this to encourage you to spend more; I like the idea - but the max. amount changed is $50 - too bad!!!

I feel the US will be OK; they are starting to take the deficit seriously now.
The entitlements have to change; when a person can live better on WELFARE than working - there is no incentive to be a contributor to the economy (ask Chi Chi about the situation in Belgium & Europe).

Don't EVER bet against the US; it has its' share of problems - but ALWAYS bounces back & will continue to do!
I am taking bets on the economy; please email me with your thoughts & we will wager...

Philip :|
PS - why is the US dollar so universally accepted & demanded; vs. any other currency?

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