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WELLS FARGO, LOOK CLOSELY

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Post by DOUBLE B 65 Mon Sep 12, 2011 9:27 pm

THE RATE OF $4.12 IS WHAT WELLS FARGO WILL SELL YOU KWD FOR, NOT BUY !!!!!!!!!!!!!!!

ALL OTHERS ARE EXACTLY THE SAME RATE AS THIS MORNING !!!

https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate

HAD ME EXCITED FOR A FEW !

SOMEBODY DEBUNK IF YOU CAN, PLEASE !

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Post by openmind Mon Sep 12, 2011 9:33 pm

thanks for the link.

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Post by DOUBLE B 65 Mon Sep 12, 2011 9:38 pm

openmind wrote:thanks for the link.

NOBODY WANTS TO COMMENT ON THE TRUTH I SEE, OH WELL, NUFF SAID !

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Post by Azure Mon Sep 12, 2011 9:40 pm

you can see what the rates are from April here, yes I agree that there seems to
be a quick jump this month upward,as the Trend has been downward but as you can see its still below what it has been at its peak, it all is for the most part pretty normal looking.(and maybe that's they way they are going to do it)
Now if it continues to climb within the next few days keeping the trend that we see this month that maybe very well what we are looking for.

http://www.forex.tradingcharts.com/chart/US%20Dollar_Kuwait%20Dinar.html
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Post by topspin2 Mon Sep 12, 2011 9:53 pm

Well something is wrong. You can buy a Canadian $ for 4cents over forex rate and a KWD is 50cents over the established forex rate. You tell me you or anyone would pay that spread....Please...Makes no sense.....

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Post by fpark121 Mon Sep 12, 2011 9:59 pm

Topspin, You are %100 correct, The KWD has RV, I have never seen a spread of 50 cents, There is usually
a 2 to 7 cent spread..In trading forex...Lets wait on Okie's Intel for the confirmation of the IQD being
RV now..We know the KWD has revalued Now let's see the IQD on Forex...Heck give me a 50 cent RV
on the IQD, I will be very happy.. But, I do beleive it will be close to the KWD Value..We Shall See??
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Post by sn1pe Mon Sep 12, 2011 10:01 pm

topspin2 wrote:Well something is wrong. You can buy a Canadian $ for 4cents over forex rate and a KWD is 50cents over the established forex rate. You tell me you or anyone would pay that spread....Please...Makes no sense.....

I agree and, even if the Canadian dollar was worth 4 - 1 of the USD and the spread was 16 cents, that is a far cry from a 50 cent spread.

S.

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Post by silvertongue Mon Sep 12, 2011 10:03 pm

fpark121 wrote:Topspin, You are %100 correct, The KWD has RV, I have never seen a spread of 50 cents, There is usually
a 2 to 7 cent spread..In trading forex...Lets wait on Okie's Intel for the confirmation of the IQD being
RV now..We know the KWD has revalued Now let's see the IQD on Forex...Heck give me a 50 cent RV
on the IQD, I will be very happy.. But, I do beleive it will be close to the KWD Value..We Shall See??

KWD rate had not changed on Kuwait Central Bank website.

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Post by DOUBLE B 65 Mon Sep 12, 2011 10:05 pm

fpark121 wrote:Topspin, You are %100 correct, The KWD has RV, I have never seen a spread of 50 cents, There is usually
a 2 to 7 cent spread..In trading forex...Lets wait on Okie's Intel for the confirmation of the IQD being
RV now..We know the KWD has revalued Now let's see the IQD on Forex...Heck give me a 50 cent RV
on the IQD, I will be very happy.. But, I do beleive it will be close to the KWD Value..We Shall See??

THAT IS ABSOLUTELY NOT TRUE, AT ALL ! THE KWD HAS NOT RV'ED, AND WHETHER OR NOT YOU HAVE SEEN A SPREAD LIKE THAT BEFORE, DOES NOT PERTAIN TO THIS CONVERSATION.

THERE IS NO OTHER SITE, THAT YOU CAN POST A LINK TO THAT SHOWS A KWD RV, PERIOD !!!!!

NUFF SAID,

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Post by revenuerog Mon Sep 12, 2011 10:06 pm

I'm just HAPPIER THAN DAMNIT that ANYDAMNTHING is happening!!!!! Laughing Laughing Laughing Very Happy Wink bounce bounce 🤡 groupdance groupdance groupdance bigsmile :happyjoy: :happyjoy: :happyjoy: :happyjoy:

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Post by DOUBLE B 65 Mon Sep 12, 2011 10:06 pm

silvertongue wrote:
fpark121 wrote:Topspin, You are %100 correct, The KWD has RV, I have never seen a spread of 50 cents, There is usually
a 2 to 7 cent spread..In trading forex...Lets wait on Okie's Intel for the confirmation of the IQD being
RV now..We know the KWD has revalued Now let's see the IQD on Forex...Heck give me a 50 cent RV
on the IQD, I will be very happy.. But, I do beleive it will be close to the KWD Value..We Shall See??

KWD rate had not changed on Kuwait Central Bank website.

THANK YOU SIR, INTELLIGENCE IS AN IMPORTANT PART OF CHECKING OUT THE TOTAL MISINFORMATION BEING POSTED.

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Post by RedEyeJedi Mon Sep 12, 2011 10:09 pm

DOUBLE B 65 wrote:THE RATE OF $4.12 IS WHAT WELLS FARGO WILL SELL YOU KWD FOR, NOT BUY !!!!!!!!!!!!!!!

ALL OTHERS ARE EXACTLY THE SAME RATE AS THIS MORNING !!!

https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate

HAD ME EXCITED FOR A FEW !

SOMEBODY DEBUNK IF YOU CAN, PLEASE !

DOUBLE B

dude, its not on the forex yet because rates are published world wide by the UN effective dates, if you look, you will see that the publishing date will be tomorrow...that means we will have a look of the offical exchange rate tomorrow before it is active on the forex....then on the 15th, it will be effective...so you will see it on the forex on the 15th

please don't post unless you know how the system works :geek:

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Post by DOUBLE B 65 Mon Sep 12, 2011 10:13 pm

Azure wrote:you can see what the rates are from April here, yes I agree that there seems to
be a quick jump this month upward,as the Trend has been downward but as you can see its still below what it has been at its peak, it all is for the most part pretty normal looking.(and maybe that's they way they are going to do it)
Now if it continues to climb within the next few days keeping the trend that we see this month that maybe very well what we are looking for.

http://www.forex.tradingcharts.com/chart/US%20Dollar_Kuwait%20Dinar.html

PLEASE SHOW WHERE YOU SEE THE RATES ARE FROM APRIL FROM THE LINK I POSTED.

I WENT TO WELLS FARGO, AFTER SEEING THE RV BS, HOW DO YOU THINK THEY SHOW THIS 5 MONTHS IN THE REAR ???

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Post by DOUBLE B 65 Mon Sep 12, 2011 10:16 pm

RedEyeJedi wrote:
DOUBLE B 65 wrote:THE RATE OF $4.12 IS WHAT WELLS FARGO WILL SELL YOU KWD FOR, NOT BUY !!!!!!!!!!!!!!!

ALL OTHERS ARE EXACTLY THE SAME RATE AS THIS MORNING !!!

https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate

HAD ME EXCITED FOR A FEW !

SOMEBODY DEBUNK IF YOU CAN, PLEASE !

DOUBLE B

dude, its not on the forex yet because rates are published world wide by the UN effective dates, if you look, you will see that the publishing date will be tomorrow...that means we will have a look of the offical exchange rate tomorrow before it is active on the forex....then on the 15th, it will be effective...so you will see it on the forex on the 15th

please don't post unless you know how the system works :geek:

DUDE, LOL, I POST WHAT AND WHEN I WANT, IF I WANT A QUESTION ANSWERED OR, IF I WANT TO ASK A QUESTION.

EXCUSE ME MR FOREX, I SHOULD HAVE NOTICED YOUR CERTIFIED MOD STATUS. IT HAS YET TO BE PROVEN THAT YOU KNOW HOW THE SYSTEM WORKS.

DUDE, IS THAT ALL YOU GOT ???

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Post by Shipngold Mon Sep 12, 2011 10:16 pm

This is the Link to WF exchange, if you are selling it is $4.12

If you are buying it is $4.12 and then they add a shipping and handling cost of $15.00 but the rate is still $4.12

I put in $100.00 to buy and $100.00 to sale they both came up at $4.12 !!!
they do add shipping and handling but that is seperate from the rate! look for yourself!!! IT HAS RV'D



https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate
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Post by RedEyeJedi Mon Sep 12, 2011 10:21 pm

[quote="DOUBLE B 65
DUDE, LOL, I POST WHAT AND WHEN I WANT, IF I WANT A QUESTION ANSWERED OR, IF I WANT TO ASK A QUESTION.

EXCUSE ME MR FOREX, I SHOULD HAVE NOTICED YOUR CERTIFIED MOD STATUS. IT HAS YET TO BE PROVEN THAT YOU KNOW HOW THE SYSTEM WORKS.

DUDE, IS THAT ALL YOU GOT ???

DOUBLE B[/quote]

The best way to show you intelligence, is to mock someone

i don't need to be a mod to know about forex!! what does being a mod on an OAKIE (OKIE) site have to do with anything???

i don't need to PROVE anything, if you know how to use a computer and the internet you can find the information you seek....rather than spending you time mocking those who are intellictually superior to you

stay OAKIE!

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Post by DOUBLE B 65 Mon Sep 12, 2011 10:23 pm

Shipngold wrote:This is the Link to WF exchange, if you are selling it is $4.12

If you are buying it is $4.12 and then they add a shipping and handling cost of $15.00 but the rate is still $4.12

I put in $100.00 to buy and $100.00 to sale they both came up at $4.12 !!!
they do add shipping and handling but that is seperate from the rate! look for yourself!!! IT HAS RV'D



https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate


Today's Sell Rate 1 dinar (KWD) = 4.1224 U.S. dollar (USD)
Amount Currency type U.S. dollar (USD) dinar (KWD)

I HOPE AND PRAY THAT YOU ARE CORRECT. HOWEVER, THIS COPIED AND PASTED FROM WF, I DO NOT SEE WHERE IT SAYS TO BUY, ALL I SEE IS THE SELL RATE.

I WOULD APPRECIATE YOUR HELP WITH WHERE YOU ARE PUTTING IN TO BUY.

THANKS,

DOUBLE B

IN FACT, AFTER YOUR STATEMENT, I DID FIND IT. I HAVE NEVER BEEN TO WF CURRENCY, EVEN THOUGH THAT IS WHERE I BANK AND HOPE TO CASH OUT.

THANK YOU SO MUCH FOR YOUR INPUT, AND HELPING ME TO SEARCH HARDER.

AGAIN, THANK YOU VERY MUCH !

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Post by therealbutterfly Mon Sep 12, 2011 10:29 pm

sn1pe wrote:
topspin2 wrote:Well something is wrong. You can buy a Canadian $ for 4cents over forex rate and a KWD is 50cents over the established forex rate. You tell me you or anyone would pay that spread....Please...Makes no sense.....

I agree and, even if the Canadian dollar was worth 4 - 1 of the USD and the spread was 16 cents, that is a far cry from a 50 cent spread.

S.


The difference is that KWD is an exotic currency and is at a higher rate to buy it than others. BOA sells it for $4.08 and ezforex sells it for $4.10. Doesnt mean it rv'd, just they are rippin you off to purchase it. They will buy it back at a much lower rate. Someone posted their spread from some bank they go to and its a HUGE difference between the buy and sell rate. Remember how much more you paid for your dinar thru a dealer vs a bank. Same thing here. Tryin to squeeze as much profit out of it as possible.
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Post by therealbutterfly Mon Sep 12, 2011 10:31 pm

RedEyeJedi wrote:
DOUBLE B 65 wrote:THE RATE OF $4.12 IS WHAT WELLS FARGO WILL SELL YOU KWD FOR, NOT BUY !!!!!!!!!!!!!!!

ALL OTHERS ARE EXACTLY THE SAME RATE AS THIS MORNING !!!

https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate

HAD ME EXCITED FOR A FEW !

SOMEBODY DEBUNK IF YOU CAN, PLEASE !

DOUBLE B

dude, its not on the forex yet because rates are published world wide by the UN effective dates, if you look, you will see that the publishing date will be tomorrow...that means we will have a look of the offical exchange rate tomorrow before it is active on the forex....then on the 15th, it will be effective...so you will see it on the forex on the 15th

please don't post unless you know how the system works :geek:

And where are you getting your info that forex gets their rates from the UN OPERATIONAL RATE site? You do know that the UN Operational rate is updated AFTER a rate change and can be updated at any time. If you didnt, I suggest you read the main page of the UN site. Maybe you dont know how the system works afterall????
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Post by Padrev Mon Sep 12, 2011 10:38 pm

WF bank:
BUYS KWD for $3.62
SELLS to you for $4.12

They MAKE $.5 on each dollar.

It's called commission, not an RV.

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Post by gillsdinar Mon Sep 12, 2011 10:40 pm

So let me get this strait you all are saying that all the gurus are full of bs? And the KWD did not rv.just checking
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Post by Shipngold Mon Sep 12, 2011 10:47 pm

FROM WELLS FARGO

Today's Sell Rate 1 dinar (KWD) = 4.1224 U.S. dollar (USD)
Amount Currency type U.S. dollar (USD) dinar (KWD)
Conversion Amount 24.26 dinar (KWD) = 100.00 dollar (USD)

Buy RATE

Your Order
Currency Amount Cost (USD) Availability Actions
dinar (KWD) 24 $98.94 5 business days delete | edit
Subtotal $98.94
Shipping and Handling Fee $15.00
Waived for orders over $1,000 USD
Order Total (USD) $113.94 Estimated Delivery Date:
Tuesday, September 20, 2011
All items in order will be sent in one shipment,
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Post by therealbutterfly Mon Sep 12, 2011 11:11 pm

Shipngold wrote:FROM WELLS FARGO

Today's Sell Rate 1 dinar (KWD) = 4.1224 U.S. dollar (USD)
Amount Currency type U.S. dollar (USD) dinar (KWD)
Conversion Amount 24.26 dinar (KWD) = 100.00 dollar (USD)

Buy RATE

Your Order
Currency Amount Cost (USD) Availability Actions
dinar (KWD) 24 $98.94 5 business days delete | edit
Subtotal $98.94
Shipping and Handling Fee $15.00
Waived for orders over $1,000 USD
Order Total (USD) $113.94 Estimated Delivery Date:
Tuesday, September 20, 2011
All items in order will be sent in one shipment,



crazyspin crazyspin crazyspin Seriously, I think you need to read the comments before posting anymore.....
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Post by revenuerog Mon Sep 12, 2011 11:14 pm

I already pulled all my hair out butterfly...your turn Rolling Eyes
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Post by Feisty136 Mon Sep 12, 2011 11:16 pm

Bank of America has Kuwait Dinar at$4.08

https://www4.bankofamerica.com/foreigncurrency/convcharts.action


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Post by clayf Mon Sep 12, 2011 11:20 pm

Im saying I dont think so http://www.oanda.com/cgi/fxlookup/CurrencyInfo.pl?currencyCode=KWD
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Post by Shipngold Tue Sep 13, 2011 6:32 am

I may be wrong, SORRY, I had to walk away from the computer befor it sank in! This showing on WF does not mean it RV'd but that is a large spread.

I was wrong with trying to prove with this example.
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Post by rvmonday Tue Sep 13, 2011 8:25 am

topspin2 wrote:Well something is wrong. You can buy a Canadian $ for 4cents over forex rate and a KWD is 50cents over the established forex rate. You tell me you or anyone would pay that spread....Please...Makes no sense.....

A KWD is considered an exotic currency and therefore harder to acquire than Canadian money. Typically you will pay a much higher spread for an exotic currency.

Sorry, there has been no RV of either the KWD or the IQD.

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Post by rvmonday Tue Sep 13, 2011 8:28 am

gillsdinar wrote:So let me get this strait you all are saying that all the gurus are full of bs? And the KWD did not rv.just checking

Pretty much, yeah.

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Post by DOUBLE B 65 Tue Sep 13, 2011 8:51 am

rvmonday wrote:
topspin2 wrote:Well something is wrong. You can buy a Canadian $ for 4cents over forex rate and a KWD is 50cents over the established forex rate. You tell me you or anyone would pay that spread....Please...Makes no sense.....

A KWD is considered an exotic currency and therefore harder to acquire than Canadian money. Typically you will pay a much higher spread for an exotic currency.

Sorry, there has been no RV of either the KWD or the IQD.

I ACTUALLY STARTED THIS THREAD. I WAS CURIOUS AS TO WHETHER OR NOT ANYONE KNEW FOR A FACT THAT THIS DID MEAN THAT THE KWD DID RV. ONE OF THE SMARTER GURU'S IN A POST EARLIER, BASICALLY EXPLAINED TO ME THAT IN FACT I WAS IGNORANT, AND NEEDED TO LEARN THE GAME BEFORE POSTING.

NOW, YOUR POST MAKES A LOT OF SENSE BEING THAT IT IS AN EXOTIC CURRENCY. I AM NOT A GURU, HAVE NEVER PROFESSED TO BE, AND WAS ONLY TRYING TO VERIFY, IF, THE WF CONVERTOR WAS MAYBE A LITTLE BIT OF PROOF THAT IT HAD RV'ED. I ASSUME THE SAGA WILL CONTINUE, BUT THANK YOU FOR YOUR INPUT.

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Post by DOUBLE B 65 Tue Sep 13, 2011 8:59 am

therealbutterfly wrote:
RedEyeJedi wrote:
DOUBLE B 65 wrote:THE RATE OF $4.12 IS WHAT WELLS FARGO WILL SELL YOU KWD FOR, NOT BUY !!!!!!!!!!!!!!!

ALL OTHERS ARE EXACTLY THE SAME RATE AS THIS MORNING !!!

https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate

HAD ME EXCITED FOR A FEW !

SOMEBODY DEBUNK IF YOU CAN, PLEASE !

DOUBLE B

dude, its not on the forex yet because rates are published world wide by the UN effective dates, if you look, you will see that the publishing date will be tomorrow...that means we will have a look of the offical exchange rate tomorrow before it is active on the forex....then on the 15th, it will be effective...so you will see it on the forex on the 15th

please don't post unless you know how the system works :geek:

And where are you getting your info that forex gets their rates from the UN OPERATIONAL RATE site? You do know that the UN Operational rate is updated AFTER a rate change and can be updated at any time. If you didnt, I suggest you read the main page of the UN site. Maybe you dont know how the system works afterall????

VERY WELL PUT !!!!!!! AND, thank you for what appears to be a little bit of a defense for his rude comment. People like yourself that do know how the system works, are who I was originally looking for to see, if, what I had seen was maybe, just maybe, a step foward in in the RV process.

Thank you,

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Post by topspin2 Tue Sep 13, 2011 9:24 am

Double B just a heads up. The forex DOES Not now or has it ever controlled the Currency market. I not sure if that is what your saying but if it is you are wrong. The UN is a lot closer to the magician than forex is.....that I can assure you....

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Post by drewski321 Tue Sep 13, 2011 9:31 am

Everyone, there IS and Always have been ALOT greater spread at the banks. This is why you need to cash out somewhere else.....Check out below the difference between the buy and sell of ALL currencies....

Rates For 09/13/2011 09:31:03

Currency ID Buy From
(Customer Rate) Sell

Australia Dollar AUD 0.9527500000 1.1184000000
Canada Dollar CAD 0.9255200000 1.0865000000
Denmark Krone DKK 0.1688300000 0.1981900000
European Union Euro EUR 1.2575000000 1.4763000000
Hong Kong Dollar HKD 0.1179700000 0.1384900000
Japan Yen JPY 0.0119450000 0.0140230000
New Zealand Dollar NZD 0.7575300000 0.8892700000
Northern Ireland Pound NIP 1.4582000000 1.7118000000
Norway Krone NOK 0.1634900000 0.1919300000
Scotland Pound SCP 1.4582000000 1.7118000000
Singapore Dollar SGD 0.7453000000 0.8749200000
Sweden Krona SEK 0.1376300000 0.1615700000
Switzerland Franc CHF 1.0440000000 1.2256000000
United Kingdom Pound GBP 1.4582000000 1.7118000000
United States Dollar USD 1.0000000000 1.0000000000


--------------------------------------------------------------------------------


Afghanistan Afghani AFN 0.0127240000 0.0286520000
Argentina Peso ARS 0.2014200000 0.2750100000
Aruba Florin AWG 0.4625700000 0.6636800000
Bahamas Dollar BSD 0.7360000000 1.0800000000
Bahrain Dinar BHD 2.2939000000 2.9507000000
Bangladesh Taka BDT 0.0105150000 0.0166990000
Barbados Dollar BBD 0.4393000000 0.5562000000
Belize Dollar BZD 0.3260800000 0.5687100000
Bermuda Dollar BMD 0.8372000000 1.1016000000
Bolivia Boliviano BOB 0.1246800000
Brazil Real BRL 0.4860000000 0.6751200000
Brunei Dollar BND 0.6710500000 1.0066000000
Bulgaria Lev BGN 0.5785800000 0.8678700000
Cayman Islands Dollar KYD 1.0322000000 1.3632000000
Chile Peso CLP 0.0018363000 0.0024052000
China Yuan CNY 0.1368400000 0.1775500000
Colombia Peso COP 0.0004572400 0.0006858000
Costa Rica Colon CRC 0.0017112000 0.0022421000
Croatia Kuna HRK 0.1514400000 0.2172900000
Czech Republic Koruna CZK 0.0485710000 0.0636220000
Dominican Republic Peso DOP 0.0205090000 0.0303070000
East Caribbean Dollar XCD 0.3214800000 0.4255700000
Egypt Pound EGP 0.1391900000 0.1997000000
Fiji Dollar FJD 0.4673200000 0.6461200000
Gibraltar Pound GIP 1.4096000000 1.7572000000
Guatemala Quetzal GTQ 0.1110300000 0.1467900000
Guernsey Pound GGP 1.4145000000 1.7631000000
Honduras Lempira HNL 0.0462930000 0.0612080000
Hungary Forint HUF 0.0040075000 0.0055404000
Iceland Krona ISK 0.0070601000 0.0097610000
India Rupee INR 0.0177110000 0.0247190000
Indonesia Rupiah IDR 0.0000956800 0.0001339200
Iraq Dinar IQD 0.0006666300 0.0000000000
Isle of Man Pound IMP 1.4145000000 1.7631000000
Israel Sheqalim ILS 0.2301600000 0.3050500000
Jamaica Dollar JMD 0.0101060000 0.0133780000
Jersey Pound JEP 1.4145000000 1.7631000000
Jordan Dinar JOD 1.2201000000 1.5847000000
Kenya Shilling KES 0.0086682000 0.0124370000
Korea, South Won KRW 0.0008031600 0.0010530000
Kuwait Dinar KWD 3.1383000000 4.0760000000
Latvia Lats LVL 1.5071000000 2.2895000000
Lebanon Pound LBP 0.0004885200 0.0007894800
Lithuania Litas LTL 0.3095300000 0.4702300000
Malaysia Ringgit MYR 0.2715200000 0.3789500000
Mexico Peso MXN 0.0715950000 0.0848870000
Morocco Dirham MAD 0.1007900000 0.1446100000
Nepal Rupee NPR 0.0103490000 0.0164380000
Netherlands Antilles Gulden ANG 0.4649000000 0.6549100000
Nicaragua Cordoba NIO 0.0345390000 0.0548550000
Oman Rial OMR 2.2463000000 2.9174000000
Pakistan Rupee PKR 0.0089415000 0.0142010000
Papua New Guinea Kina PGK 0.3289900000
Paraguay Guarani PYG 0.0001867600
Peru Nuevo Sol PEN 0.3163700000 0.4188000000
Philippines Peso PHP 0.0202290000 0.0272840000
Poland Zloty PLN 0.2729900000 0.3579700000
Qatar Riyal QAR 0.2374900000 0.3084500000
Romania New Leu RON 0.2737300000 0.4105900000
Russia Ruble RUB 0.0286200000 0.0382440000
Samoa Tala WST 0.3276700000
Saudi Arabia Riyal SAR 0.2305600000 0.2994500000
South Africa Rand ZAR 0.1167700000 0.1545700000
Sri Lanka Rupee LKR 0.0071042000 0.0112830000
Syria Pound SYP 0.0155280000 0.0262030000
Tahiti Franc CFP 0.0099369000 0.0132790000
Taiwan Dollar TWD 0.0293710000 0.0392470000
Tanzania Shilling TZS 0.0005529200
Thailand Baht THB 0.0287790000 0.0380970000
Trinidad and Tobago Dollar TTD 0.1302900000 0.1801400000
Tunisia Dinar TND 0.5501200000 0.8737200000
Turkey Lira TRY 0.4844800000 0.6413500000
Ukraine Hryvnia UAH 0.1034600000
United Arab Emirates Dirham AED 0.2354600000 0.3087500000
Uruguay Pesos Uruguayos UYU 0.0408350000 0.0648560000
Venezuela Bolivar Fuerte VEF 0.1071100000 0.2766200000
Vietnam Dong VND 0.0000377200 0.0000594000


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Post by therealbutterfly Tue Sep 13, 2011 10:08 am

drewski321 wrote:Everyone, there IS and Always have been ALOT greater spread at the banks. This is why you need to cash out somewhere else.....Check out below the difference between the buy and sell of ALL currencies....





The banks will not be any different than the dealers. Trust me on that one. They will meet or beat the dealer rate and you wont have to wait for an appt, give your info over to some stranger that was hired for a temp office, not worry about your wire being reversed or held up, etc. JMHO
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Post by revalued824 Tue Sep 13, 2011 10:52 am

Okay, just to be clear, I am not adding to anyone's arguments here, just sharing some information that I have come across.. Smile

On the main page of the Wells Fargo Foreign Exchange Overview, https://www.wellsfargo.com/foreignexchange/, there is a link for you to click on that states the following:
"Currency Converter Want to know how much you'll get for your money? See what the US dollar is worth in other currencies."....I don't translate this statement to mean ANYTHING about a "spread".


When you click on the currency converter link, you are taken to their next page which shows "Today's Rates",
https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate.

Today's "sell" rate for the KWD is 1 KWD=4.12 USD

In another post yesterday, I saw someone had stated that Bahrain and Saudi Arabia also "RV'd" yesterday, so I thought I would check out the rates on them as well.

The BHD (Bahrain Dinar) has been very comfy at 1 BHD=2.65 USD for quite some time, HOWEVER, NOW it is showing at 1 BHD=2.98 USD, which is a difference of 0.33 USD!!

For the past few months, I have been watching the currencies in the Middle East and yes, they would change slightly here and there by a few cents to the USD, but NEVER this much!
(I have a copy of the Wall Street Journal from last week right next to me, so I am using that for reference in regards to the previous exchange rates.) :study:

In regards to Saudi Arabia, they have been at 1 SAR=.2667 USD for a few months and today it is listed at 1 SAR=.2996 USD, which tells me that they have NOT RV'd their currency.

I decided to check on a few other currencies in the Middle East, just to address the "spread" theory that some have been discussing and here is what I found:

1 JOD (Jordanian dinar)=1.62 USD (previously 1 JOD=1.41 USD, difference of .21 USD!)
1 ILS (Israel shekel)=.3165 USD (previously 1 ILS=.2838 USD)
1 ZAR (South Africa rand)=.1552 USD (previously was 1 ZAR=.1444 USD)


ALL of these are considered "exotic" currencies, so please explain to me how there would be a 1-3 cent spread on some and then a 21 cent, 33 cent and a 47 cent spread on others!! scratch

It looks to me that yes, Kuwait, Bahrain and Jordan all revalued their currencies this past weekend...so the question of the day is will the IQD be next???

:?: :?: :?:

bigsmile


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Post by TheBeav Tue Sep 13, 2011 11:07 am

Revalue824: GOOD JOB - Thanks :cheers:
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Post by Brysonite Tue Sep 13, 2011 11:11 am

I just went to forexpros and scrolled down the page where you have the two traders who leave a remark every now and then. The one on the bearish market is saying something different today. He is saying please show the new rate!!! Would someone leave a comment on this for me. In the past he posted, just push the button Shabibi.

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Post by DOUBLE B 65 Tue Sep 13, 2011 11:52 am

topspin2 wrote:Double B just a heads up. The forex DOES Not now or has it ever controlled the Currency market. I not sure if that is what your saying but if it is you are wrong. The UN is a lot closer to the magician than forex is.....that I can assure you....

Do you see anything that implies that I said the forex controlled the Currency market ? No, you do not.

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