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View Full Version : 15 Oct 06 Exch Rate...

Worfieus
10-15-2006, 09:18 AM
I saw this and thought I'd SS it

http://img237.imageshack.us/img237/5872/15oct06gl5.jpg

It's strengthened to 1470 from 1471
Gogovs
10-15-2006, 10:03 AM
I saw this and thought I'd SS it

http://img237.imageshack.us/img237/5872/15oct06gl5.jpg

It's strengthened to 1470 from 1471


I'm Rich.................... :happy64:
dreamer7
10-15-2006, 11:02 AM
it was 1470 on friday, no change
Worfieus
10-15-2006, 01:37 PM
Oh? - I had it up roughly an hour before the update and it listed Thursday's as the last exchange with 1471, oh well least it's on an upward trend :)
diva
10-15-2006, 02:52 PM
still if they are trying to reach 1345 by years end they're falling short
Tacmedic8
10-16-2006, 09:23 AM
if it went from 1470 to 1471...then it is losing value
iqd_now
10-16-2006, 10:06 AM
if it went from 1470 to 1471...then it is losing value

What? How in the world do you come up with that? :confused:
Swagger
10-16-2006, 10:07 AM
if it went from 1470 to 1471...then it is losing value

Look what Worfieus said CAREFULLY... TO 1470 FROM 1471... :lmao:
Worfieus
10-16-2006, 12:56 PM
if it went from 1470 to 1471...then it is losing value


When the USD can buy less units of another currency then that other currency is getting stronger so in this case the Iraqi currency is (I'm not gonna work out the percentage) is a little bit stronger than yesterday as it's more valuable
Fisherman
10-16-2006, 01:32 PM
... is a little bit stronger than yesterday as it's more valuable

Just barely. ;) It'll have to get a lot higher before I get excited. LOL
iqd_now
10-16-2006, 01:46 PM
What? How in the world do you come up with that? :confused:

Never mind .... I misread what was there. Sorry!
LongShot
10-16-2006, 05:13 PM
if it went from 1470 to 1471...then it is losing value


We are looking for the number to lower in order to make money. ;)
KnightsCharger
10-16-2006, 06:38 PM
Look what Worfieus said CAREFULLY... TO 1470 FROM 1471... :lmao:

I thought I would check the history of the auction prices at the CBI.
on Jan. 31 2004 the price settled at 1360 vol.of 100,000

The price began to rise and as of May 6, 2004 it settled at 1460 on a vol of 13.675 mil. it remained amazingly stable at that price for the remainder of the year and through to Mar. 28 2005 even as vol. rose to levels of 39.590 mil. to a 1 day high of 60.210 mill.

Beyond that it rose to levels between 1460 > 1478 and stablized in that range and vol. levels rose to 50>79.760 mill.

It seems that the dinar over-all is really pretty darn stable. I'm not sure were Im going with this but it seems were better of with this stability at the CBI. While they crunch the numbers in order to set the currency price on the open exchange!

Can anyone clean this up for me? I guess I'm thinking if the settled price tomorrow went back to 1475 +- then I would be OK with that at least until it is traded on the Forex.
wherbie
10-16-2006, 07:09 PM
ok knightscharger.......

how does a fool get his money?
KnightsCharger
10-16-2006, 08:05 PM
ok knightscharger.......

how does a fool get his money?

Well I won't be so arrogent to attempt to answer that, but your sig. Is a good place to start:)

I'll say this though, some say this play is like a lottery, others that it is a gamble. I think givin the people backing this model there's a better than 75% shot at a payoff short term (end of 06) and 90% shot long (2010).
No crystal ball here, just a gut shot draw! I think, as I said before .31 to .68 usd. Also I've got 80% of my gambling budget for 2006 invested, in other words I didn't bet anything I couldn't afford to lose! I'll do it again in 07-08-09 and 10 as long as there is a parlimentary government in Iraq and the rv doesn't price me out!:happy64: