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UN question Empty UN question

Post by lzenglish1969 Wed Feb 22, 2012 11:13 am

Bulldog said that the UN has not updated since Feb. 15th. Any idea what he is talking about? Thanks

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UN question Empty Re: UN question

Post by 1alaskan Wed Feb 22, 2012 11:16 am

I think the UN rates generaly update on the 15th and the 1st, of the month, other than that, none

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Post by lzenglish1969 Wed Feb 22, 2012 11:21 am

OK, but what is a UN rate? What does it refer to? Thanks

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UN question Empty Re: UN question

Post by 1alaskan Wed Feb 22, 2012 11:44 am

I think he is talking about the

United Nations Operational Rates of Exchange

http://www.un.org/Depts/treasury/

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Being defeated is often a temporary condition. Giving up is what makes it permanent.
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Post by therealbutterfly Wed Feb 22, 2012 12:08 pm

Its the operational rates which are for INTERNAL use only and they clearly state that its not a true record of value. I dont know why anyone even bothers lookin there for the rates because they can change AFTER a country changes rate but they wont show it before. Well not a major change like we are hoping for. Its basically just for record keeping and dues etc. The only rate that matters for us is whatever the central bank puts out. Plain and simple......

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UN question Empty Re: UN question

Post by 1alaskan Wed Feb 22, 2012 1:10 pm

TRB is correct, if they generaly only change twice a month, it could take up to two weeks after RV to show up at the UN, I for one will not be waiting for them to Update if I can sell at the RV'ed rate.


Last edited by 1alaskan on Wed Feb 22, 2012 7:57 pm; edited 2 times in total (Reason for editing : typos, what else?)

*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
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Yesterday would have been better, but today is a good day

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Post by MiddleClassMaiden Wed Feb 22, 2012 3:34 pm

1alaskan wrote:TRB is correct, if they generaly only change twice a month, it could take up to two after RV to show up at the UN, I for one will not be waiting for them to Update if I can sell at the RV'ed rate.

Apparently, the UN update is only an archive of rates at the time of update... Actual Rate on or after date of RV seems to be the only rates and dates that will affect or have significance to holders of foreign currencies at that time.

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