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VND WAS TRADING AT $2.19 OVERNIGHT, 15 OCT
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VND WAS TRADING AT $2.19 OVERNIGHT, 15 OCT
NETDANIA UPDATE: SHOWING YOU THAT VND WAS TRADING AT $2.19 OVERNIGHT, 15 OCT
http://netdania.com/Products/FullQuote/FullQuote.aspx?symbol=USDVND...
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HezekiaH- VIP Member
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Re: VND WAS TRADING AT $2.19 OVERNIGHT, 15 OCT
Hmmm Maybe I should buy more VNN.
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HezekiaH- VIP Member
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Re: VND WAS TRADING AT $2.19 OVERNIGHT, 15 OCT
Or not ... I see no change in exchange rates ...
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Kevind53- Super Moderator
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Re: VND WAS TRADING AT $2.19 OVERNIGHT, 15 OCT
http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=VND
Cascadian- VIP Member
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Re: VND WAS TRADING AT $2.19 OVERNIGHT, 15 OCT
Dang...I missed cashing in!!!!
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Horizon- Super Moderator
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Re: VND WAS TRADING AT $2.19 OVERNIGHT, 15 OCT
Well it did not go way up.That's good!! Gives us more time to BUY,Buy,Buy
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Wealth is what you have when all your money is gone!!!
HezekiaH- VIP Member
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Re: VND WAS TRADING AT $2.19 OVERNIGHT, 15 OCT
Well I did some research and overnight positions are defined thus:
So then the table/info shown is a representation of interest difference earned, and has little, if any relation to the currency's actual values. Plus, when I try to replicate their screen I get an error saying it is not a valid instrument. Like many currencies, the VND has been trending down against the USD since May. So the information above is about as useless as a guru.
Investopedia wrote:Overnight positions represent all open long and short positions that a forex trader possesses as of 5:00pm EST, which is consider the end of the forex trading day.
The new trading day is considered to occur right after 5:00pm EST. At that point in time, the trader's account either pays out or earns interest on each position depending on the two currencies' underlying interest rates, which is called rollover. For example, a trader has bought Canadian dollars and is selling U.S. dollars. If the Canadian interest rate is at 3.00% and the U.S. interest rate is at 2.50%, the trader will then receive a payment that equals 0.50% into his account.
The 5:00pm EST deadline is a very strict division. If a trader entered into a position on Monday at 4:59pm EST and closes it on the same Monday at 5:03pm EST, this will still be considered to be held overnight because it was held past 5:00pm EST and then is subject to rollover. Likewise, a position opened on Monday at 5:01 pm EST will not be considered an overnight position unless it remains open past the following Tuesday at 5:00pm EST.
So then the table/info shown is a representation of interest difference earned, and has little, if any relation to the currency's actual values. Plus, when I try to replicate their screen I get an error saying it is not a valid instrument. Like many currencies, the VND has been trending down against the USD since May. So the information above is about as useless as a guru.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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