Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Post new topic   Reply to topic
Share | 
 

 What is an exotic currency

Go down 
AuthorMessage
nwrichard
Forum Friend
Forum Friend
avatar

Posts : 144
Join date : 2011-07-27

PostSubject: What is an exotic currency   Wed Jul 25, 2012 6:14 pm

There seems to be a new buzz word used now. It is "exotic currency" As though this is something magical. I took the liberty to cut and past a couple of websites definitions and examples of exotic currencies to others will not be spellbound when they hear the term, I hope it helps.

from Investopedia:
"Investopedia explains 'Exotic Currency'
Exotics are not considered major currencies because they are not easily traded in a standard brokerage
account. Major currencies include the U.S. dollar, Euro, Canadian
dollar and Swiss franc. Examples of exotic currencies include the Thai
baht, Uruguay peso or Iraqi dinari.

From Onanda :
"


Exotic Currencies












We receive very few price points (one price point per week
for some currencies) from our data suppliers for some emerging market
currencies.

The following is a representative list of these exotic currencies. It is not necessarily complete.



  • AFN Afghanistan Afghani
  • AMD Armenian Dram
  • AWG Aruban Florin
  • AZN Azerbaijan New Manat
  • BHD Bahraini Dinar
  • BWP Botswana Pula
  • BYR Belarusian Ruble
  • CDF Congolese Franc
  • DZD Algerian Dinar
  • EGP Egyptian Pound
  • EEK Estonian Kroon
  • ETB Ethiopian Birr



  • GEL Georgian Lari
  • GYD Guyanese Dollar
  • IDR Indonesian Rupiah
  • IQD Iraqi Dinar
  • IRR Iranian Rial
  • JOD Jordanian Dinar
  • KGS Kyrgyzstanian Som
  • LBP Lebanese Pound
  • LRD Liberian Dollar
  • MAD Moroccan Dirham
  • MNT Mongolian Tugrik
  • MUR Mauritius Rupee
  • MWK Malawi Kwacha



  • MYR Malaysian Ringgit
  • MZN Mozambique new Metical
  • OMR Omani Rial
  • QAR Qatari Rial
  • SLL Sierra Leone Leone
  • TJS Tajikistani Somoni
  • TMT Turkmenistan new Manat
  • TZS Tanzanian Schilling
  • UZS Uzbekistan Som
  • WST Samoan Tala
  • XAF CFA Franc BEAC (1)
  • XOF CFA Franc BCEAO (2)





Notes


  1. CFA Franc BEAC (XAF) is the currency for Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon.
  2. CFA Franc BCEAO (XOF) is the currency of Benin, Burkino Faso, Cote D'Ivoire, Mali, Niger, Senegal and Togo.
  3. You may see the message, "Estimated price based on daily US dollar
    rates." This message is displayed for currency pairs where relatively
    little data is available, and means that the exchange rate for the
    converted currencies was computed from cross rates with the US dollar.



Read more: http://www.investopedia.com/terms/e/exotic_currency.asp#ixzz21ftL22h2 "

From World Currency Watch :
"Trading Exotic Currencies



The Quickest Way to Grab Profits from Emerging Markets: Currencies.


Right now, the biggest opportunities by far are in the emerging
market currencies (also known in the business as “exotic currencies”).

These are the currencies of countries like Poland, the Czech
Republic, Thailand, South Korea and South Africa, to name just a few.

These countries are a generation or so behind the major developed
economies like the. But they are growing much faster and making up for
lost time with a vengeance.

Take Brazil for example. Just a few decades ago, the country was a
mess. Brazil had very high unemployment rate, hyperinflation, political
instability, you name it.

Today, Brazil has an all-time low unemployment rate, record consumer confidence, and an uncontested thriving economy.

Brazil is not alone. Many other emerging market nations are going
through the same experience. What happened to them? They simply learned
from their past mistakes.

During the 1990s, there was no better place to find economic turmoil
than emerging markets. The Mexican peso crisis in 1994, the Asian crisis
in 1997, and the Russian debt default in 1998 were some of that
decade’s highlights.

Surviving a crisis is a harsh lesson for everyone involved. Naturally
after enduring a crisis, most emerging markets wanted to ensure it
never happened again. So leaders started making some serious reforms.

Today most emerging markets are collecting the fruits of those
reforms. Most are sitting on piles of cash. That’s one of the reasons
most emerging markets recovered so quickly from the recent global
recession especially compared to the big developed nations like the U.S.
and E.U.

In fact, this all creates volatile moves that you can exploit by trading foreign currencies in the $4 trillion spot market.

An Easy Way to Make a Killing, Shorting the Dollar

It’s also amazing how much money is flowing into these emerging
markets. These capital flows are very important to currency traders
because it practically guarantees these countries’ currencies will move
quickly against the dollar.

They create very profitable trends for those who are trading in the
spot market, especially when there’s a well defined trend in the dollar.

As a currency trader, you can simply pair these stronger emerging
market or “exotic” currencies with the U.S. dollar for some decent
gains.

During the last weak dollar trend in the summer of 2010, our editor Evaldo Albuquerque helped his Exotic FX Alert subscribers pair the weak dollar with the stronger Mexican peso and Polish zloty for gains of 46% and 108% (among others).

It’s a simple strategy. But it really is as easy as watching where
the capital flows will head next and being ready to jump on these
opportunities in the spot Forex market.

For more recent examples of emerging market trades, check out our research service, Exotic FX Alert.
This service is designed to help you trade currencies from the emerging
markets in the spot Forex market. You’ll receive timely
recommendations, along with elite analysis on these “hard-to-reach”
markets, videos and timely answers to your questions in monthly Q&A
issues. To learn more, see Exotic FX Alert.

Disclaimer: Futures, Options, and
Currency trading all have large potential rewards, but they also have
large potential risk. You must be aware of the risks and be willing to
accept them in order to invest in these markets. Don’t trade with money
you can’t afford to lose. This is neither a solicitation nor an offer
to Buy/Sell futures, options, or currencies. No representation is being
made that any account will or is likely to achieve profits or losses
similar to those discussed on this web site. The past performance of
any trading system or methodology is not necessarily indicative of
future results.

CFTC Rule 4.41 – These results are
based on simulated or hypothetical performance results that have
certain inherent limitations. Unlike the results shown in an actual
performance record, these results do not represent actual trading.
Also, because these trades have not actually been executed, these
results may have under-or over-compensated for the impact, if any, of
certain market factors, such as lack of liquidity. Simulated or
hypothetical trading programs in general are also subject to the fact
that they are designed with the benefit of hindsight. No representation
is being made that any account will or is likely to achieve profits or
losses similar to these being shown.

It should not be assumed that the
methods, techniques, or indicators presented in this product will be
profitable or that they will not result in losses. Past results of any
individual or trading strategy published by The Sovereign Society are
not indicative of future returns by that individual or strategy, and
are not indicative of future returns which could be realized by you. In
addition, the indicators, strategies, columns, articles and all other
features of The Sovereign Society’s products (collectively, the
“Information”) are provided for informational and educational purposes
only and should not be construed as investment advice. Such set-ups are
not solicitations of any order to buy or sell. Accordingly, you should
not rely solely on the Information in making any investment. Rather,
you should use the Information only as a starting point for doing
additional independent research in order to allow you to form your own
opinion regarding investments. You should always check with your
licensed financial advisor and tax advisor to determine the suitability
of any investment. "




Back to top Go down
View user profile
Terbo56
VIP Member
VIP Member
avatar

Posts : 13610
Join date : 2011-06-18
Age : 62
Location : Central Florida-

PostSubject: Re: What is an exotic currency   Wed Jul 25, 2012 7:03 pm

nwrichard- An exotic currency would probably be the type that you would see in a bar in 'Jamaica Mahn'- Laughing You know, the money from another country that when they make their first dollar, or whatever, they always put it in a picture frame, and then hang it on the wall behind the counter that the 'till' sits on- {cash register}-Very Happy :cheers:


Last edited by terbo56 on Wed Jul 25, 2012 7:23 pm; edited 1 time in total
Back to top Go down
View user profile
nwrichard
Forum Friend
Forum Friend
avatar

Posts : 144
Join date : 2011-07-27

PostSubject: Re: What is an exotic currency   Wed Jul 25, 2012 7:15 pm

Terb056, I've been lookin' for a long time for that one, if you see her be sure to give her my number. :cheers:
Back to top Go down
View user profile
Terbo56
VIP Member
VIP Member
avatar

Posts : 13610
Join date : 2011-06-18
Age : 62
Location : Central Florida-

PostSubject: Re: What is an exotic currency   Wed Jul 25, 2012 7:18 pm

Laughing I'll do that!
Back to top Go down
View user profile
 
What is an exotic currency
Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Dinar Daily :: THE FAMILY ROOM :: THE COFFEE SHOP-
Post new topic   Reply to topicJump to: