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EU prices are higher because of VAT, which is baked into the cost of RP in Europe. No such similar tax applies elsewhere. If you factor in VAT, EUW RP prices are actually slightly cheaper than NA.
(It's also not particularly fair to compare buying 8250 RP at a time to 15000 RP at a time; of course it'd be cheaper to buy 15000 at a time.)
> In EUW, we've been paying 10€ for 1580RP since some years. So expensive - we've thought the first months after the price got increased by 10%. Right now nobody remembers this, that you could get 1780RP with just 10€. Riot said that it was due to the crisis of the euro, it made sense. However they haven't reduced the price now that the euro has recovered from the crisis.
https://www.xe.com/currencycharts/?from=EUR&to=USD&view=10Y
It went from 1.5 to 1.0 and now back up to 1.1. I'd hardly call that recovering from the crisis.
Can someone explain to me why is he claiming, that USD costs 120 000 rials?
I'm 100% serious, what am I missing?
EDIT: Fixed number of zeroes. Also, some less... involved? answer would be nice.
Both Iran and Turkey are on suicide watches, literally. Their currencies (Turkish Lira and Iranian Rial) are crashing toward all time low against US Dollar. It's a matter of when, not if, before MASSIVE social unrests happen, hopefully overthrowing the current Islamofascist fanatic theocracies to set up new secular governments.
Peace in Korea, done.
Peace in Iran, pending. Peace in Turkey pending!
Please keep up the pressures & sanctions, President Trump! These fascist regimes can pop and unravel anytime now.
https://www.xe.com/currencycharts/?from=IRR&to=USD&view=10Y
https://www.xe.com/currencycharts/?from=TRY&to=USD&view=10Y
MAGA = Winning Bigly!
Turkey's comprehensive isolation in the international arena is the topic of this article by veteran journalist Semih Idiz. It looks at the Erdogan/Bahceli regime's motivation for their longstanding jingoist foreign policies, to please Islamist and ultranationalist domestic audiences, and at the lonely place to which these policies have taken Turkey.
With the accelerating decline of the Turkish currency, soaring inflation, ever worse polling numbers for the regime and elections upcoming within 18 months at the latest, the regime is desperate for anything it could present as a foreign policy success.
Inciting its core constituencies with another war of aggression by choice is one of the options considered in Ankara. However, economic reprieve can only be obtained by softening the international isolation of the country, an option entertained for a year now in Ankara. The article looks at the dilemma of the regime between these two options.
Very bad. This just adds to the unhinged performance both Erdogan and Albayrak just gave.
https://www.xe.com/currencycharts/?from=USD&to=TRY&view=12h
Erdogan and Albayrak started speaking when the USD was worth 6 TL. Trump tweeted somewhere in the middle of it. Markets lost all confidence in the Turkish government's ability or willingness to get out of the crisis.
As much as I'd love cheaper RP, the pound against the euro hasn't really changed much since they made the price adjustment:
https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=1Y
And the pound vs USD has only gradually recovered, and still not quite back to the 1.45-1.55 it was hovering before the referendum.
https://xe.com/currencycharts/?from=GBP&to=USD&view=1Y
Should it continue trending upwards and stabilise above 1.5usd/gbp I think you would have a case, but for now I don't think we're going to see a reverse.
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=ILS
I mean, technically a nickel is only worth 0.17 shekels, so he's being generous, if anything
If you read the Turkish media you would be under the impression Turkey is flourishing. If you actually look at the value of their money you would realize it's crumbled >30% in a single year . This is looking like the next Venezuela-style currency collapse.
El dolar esta bajando, yo esperaba que pasara lo contrario. Mañana a ver como nos amanece.
https://www.xe.com/es/currencycharts/?from=USD&to=MXN&view=12h
> Presumably he stopped by to watch the sanctum for a bit so that Dr Strange can go out for a lunch break, then tried to get a (comparatively expensive) NY lunch out of it.
Trivia for those who haven't traveled overseas for strong currency value differences:
I was in India some years ago for work, and the exchange rate at the time was about 60:1 in favor of the USA, aside from other considerations of costs being cheaper there than the USA, and especially as I'm used to living in a fairly expensive part of the USA (Pacific Northwest). I remember buying a fairly fabulous meal at the hotel when I arrived that would have been a fabulous meal at any Indian fine dining experience in the USA. Here, that meal would have easily ran $30+ with a tip for myself (no alcohol). In India that day, I think that I paid like $4 USD equivalent.
The exchange rate was 65:1 or so when Wong asked for his tuna melt. Wong had 200 Rupees, which would have been about $3.07. In real life, the closest deli to 177A Bleecker Street in Greenwich Village, NYC, is actually literally on the corner of the street where the Sanctum would be, so let's use them. Their tuna melt is say $8.80 USD with tax. Wong needed to borrow around $5.70 or so from Stephen.
Jesus we need Endgame already...
A beat up story. As a traveller I wagtch the dollar daily.
It has been hoverinhg around this level since last October, sometimes going up to just over $0.73, more often near $0.71 and occasionally dropping under $0.70.
https://www.xe.com/currencycharts/?from=AUD&to=USD&view=1Y
SEK (Swedish krona) is the official currency of Sweden.
Both Iran and Turkey are on suicide watches, literally. Their currencies (Turkish Lira and Iranian Rial) are crashing toward all time low against US Dollar. It's a matter of when, not if, before MASSIVE social unrests happen, hopefully overthrowing the current Islamofascist fanatic theocracies to set up new secular governments.
Peace in Korea, done.
Peace in Iran, pending. Peace in Turkey pending!
Please keep up the pressures & sanctions, President Trump! These fascist regimes can pop and unravel anytime now.
https://www.xe.com/currencycharts/?from=IRR&to=USD&view=10Y
https://www.xe.com/currencycharts/?from=TRY&to=USD&view=10Y
Iranians show that they are willing to get rid of the current Islamofascist theocracy in exchange for better economic condition. Women have been taking off their hijabs.
https://www.google.com/search?q=iran+before+1979&tbm=isch
Iranians were secular not too long ago (before 1979 when Khomenei took over Shah of Iran), and also as Persians before Persia became infected by Islamic plague in 15th century.
Islamofacist Turkey could be more resistant to reversion back to secular, as the last secular government ended not too recently but in 1938 when Ataturk died, though Turkey has had military coups every decade since 1960, with the most recent (failed) one in 2016.
MAGA = Winning Bigly!
https://www.xe.com/currencycharts/?from=EUR&to=HUF&view=10Y
2008 július: 230
2009 március: 312
2010 április 11 (választások): 265
I don't know where they get $125.70 from...
AT monthly pass is $215
Which is $140 USD
£6.5m (€7.5m) for Taiwo Awoniyi is a good deal for LFC.
He was valued half that less than a year ago, spent six seasons on loan, and never played a game at Liverpool.
https://www.transfermarkt.com/taiwo-awoniyi/profil/spieler/295313
https://www.xe.com/currencyconverter/convert/?Amount=6.5&From=GBP&To=EUR
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=EUR
It's $1.18/1 euro.
It's been as low as $1.05 / 1 euro as recently as 2017.
(shrug)
Once you add US sales taxes (anywhere from 0% in Alaska to 10%+ in Chicago and Long Beach) it's basically on par.
This calculator says that's about 27.63 USD or 3,000 yen. That's pretty bad.
Also {High School Fleet} /u/Roboragi
Salut,
> Au minimum 10% de rendement annuel assuré
> Risqué ?
La première règle en matière d'investissement c'est : "Si un placement délivrant sans risque un rendement très supérieur aux autres placement existait, tout le monde investirait dedans".
Investir dans l’immobilier en Thaïlande t'expose au moins à :
- Risque de surpayer le bien. Connais-tu le marché en Thaïlande ? Comment savoir le prix réel ? Une pratique courante des promoteurs c'est de surfacturer le bien (genre le double de la valeur) pour ensuite financer une partie des loyers avec cet argent. Au final tu as un bien invendable.
- Risque de change. Le taux de change Bath / Euro est assez volatil. Sur 10 ans on en est à +50% quand même. Si le taux de change évolue encore dans le mauvais sens tu peux perdre 50%.
- Risque politique. La Thaïlande n'est pas réputée pour être un pays stable. Les insurrections semblent assez fréquentes. Que se passera-t-il en cas de révolution ou si ton appartement est détruit dans une émeute ?
- Risque naturel. Surtout si ton appartement est en bord de mer tu ne peux pas juste supposer que tu seras couvert par une assurance en cas de nouveau tsunami, tu dois vérifier le contrat d'assurance (en Thai).
- Risque d'arnaque. Connais-tu les lois locales ? Sais-tu qu'il faut au moins 51 % de propriétaires Thai dans chaque résidence ? Comment peux-tu t'assurer que tu seras vraiment le propriétaire de l'appartement et pas un prête-non Thai ? Pourras-tu lire le contrat d'achat en Thai ?
> ... GBP/USD still looks the same to me long term.
Are you on drugs or something? The exchange rate shat itself in 2008, wobbled about a bit between then and mid-2014, then starts on a downward trend before shitting itself some more when the ref results came in in 2016. It's climbed a bit since then but is still at a level lower than the lowest it got to post '08 crash.
As a Cypriot and neighbor to Turkey, it's always been the argument that a democratic turkey is the best turkey. Pushing them towards the EU was especially beneficial to us. But at some point we as a community will need to make the decision that Turkey is not an ally anymore and is working towards an Islamist agenda.
The only thing that may turn them around is financial ruin (which is around the corner The situation in Turkey is dire and nobody seems to be batting an eye about it. All these supposed "gullenists"are about to get murdered.
Looking at the exchange rate for the Turkish Lira, it seems clear that in this currency, Bitcoin's bull market is back in full swing again:
https://www.xe.com/currencycharts/?from=XBT&to=TRY&view=10Y
I have no idea what options the Turkish government and central bank have, but if there were straightforward and relatively unpainful solutions, those would have been implemented already. The situation will likely spiral further out of control. While I have no idea about the popularity of and knowledge about Bitcoin in Turkey, at some point, going into crypto will not become a investment or lifestyle choice for a few eccentric fellows or rich investors, but a matter of financial necessity for a growing percentage of the middle class.
Some more detail on the danish tax system
It works like a layer cake basically, there's a base tax rate that's undeductable of 8%, and then additionally a 13% national tax that on all income over your deductions that goes to the central government, and a local municipial tax that goes from 22 to 25% depending on your municipality.
This gives a total tax rate on the last earned krone of 46%, but do consider that there's a personal deduction of 48k($7.7k) kroner per year, plus an additional job deduction that scales with income up to a max deduction of 40k($6.4k) a year.
In addition to this, all income over 544k($87k) kroner a year is taxed with the "topskat" (top-tax) of 15%. That makes a maximal marginal tax rate of 61% But there's an additional rule, the tax-ceiling, which is at 52%. This means that you can at MOST pay a total of 52% of your total income in taxes, even if you make enough that
TLDR: The meme is theoretically correct, as long as the prize money is high enough that the money taxed at the top marginal rate of 61% outweighs the money taxed at the lower 46%, and ofc the deductions. So you'd need to make well over $100k to have the government take 52%. But you will never see the government take more than 60%.
Also dunno where that 1.2 times average income comes from. The topskat boundry is a political decision, beyond regulating it to keep up with inflation. The averge income is 338k kroner($54k), and 1.2 times that only gives you 405k, a solid 139k($22k) below the actual amount.
Source: Danish tax ministry: https://skat.dk/skat.aspx?oid=2035568 Average income: https://www.statistikbanken.dk/INDKP101 Currency conversions for the americans: https://www.xe.com/
>heavy losses suffered by the Taiwan dollar
"Heavy" is apparently a loss of 1.8% from the daily high to the daily low, and it closed back within 0.6% of where it was over the weekend.
Just a weeeeee bit of an exaggeration.
Right now it seems to be about who can manipulate the markets the most.
Look at this chart for the last week for bitcoin and tell me it's not being manipulated.
No soy experto pero estoy viendo el intercambio dolar americano a peso y no veo nada super raro, si hubo una subida medio drástica esta mañana de 20.60 a 20.90, pero viendo la grafica histórica como que subidas y bajadas de ese tamaño a esa velocidad parecen suceder todo el tiempo. Hace 2 dias bajamos de 20.87 a 20.60, y el 25 de Febrero subimos de 20.40 a 20.90.
Chequense esta grafica, no se ve nada especial el dia de hoy. Raro lo que sucedió Marzo del año pasado, ahi si subió cabrón, probablemente por Covid.
So I have a little more than my econ 101, and that's not how it works. At all.
That doesn't change who pays for the tariffs. What it can do is improve US consumer purchasing power, but CNY is about where it was when the trade war began.
https://www.xe.com/currencycharts/?from=CNY&to=USD&view=5Y
Econ 101 indeed.
Here is the exchange rate for the past 2 years:
https://www.xe.com/currencycharts/?from=USD&to=EUR&view=2Y
One USD is currently 0.84205 EUR. Exactly one year ago it 0.95832 EUR. The USD has steadily weakened compared to the EUR over the past year. If all else remains equal, a strong economy will strengthen your currency. The fact that it has weakened while the economy boomed, can only really be explained by less usage/need for the USD on a global scale, meaning countries around the world have started trading more in EUR.
As a side note, the dollar weakening compared to the EUR is actually in favor of the US since it makes export cheaper. It's not a bad thing, just an indicator.
This is a little bit sensationalist just yet imho...
If you look at it at a larger timeframe nothing much is happening...
1 Year:
https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=1Y
Lokking back at two years the GBP is actually looking pretty good:
https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=2Y
Imho, it's too early to call just yet, but I'm interested in seeing just how this will develop over the next week or so...
Here's what the AUD looks like:
https://www.xe.com/currencycharts/?from=AUD&to=USD&view=1M
And here's the Euro:
https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1M
1 month is really too small a timeframe, AUD is considered pretty stable but look at it jump around.
Nah that’s a money symbol, used in Mexico, Canada, Colombia, Chile, Australia, Argentina, and Singapore in addition to the United States (There’s more). But yeah, post mezcal, probably not the most appropriate sub to post in.
When the AUD makes strong gains against the USD, VGAD will pay currency movement gains (thanks to the hedging) out in the distribution. See the chart here and zoom into last financial year: https://www.xe.com/currencycharts/?from=AUD&to=USD&view=5Y
For more info, read these threads (or search for “VGAD tofa”)
https://www.reddit.com/r/fiaustralia/comments/o9y0y3/request_to_vanguard_to_consider_using_tofa_for/
DKK is sort of pegged to the euro in an agreement. Over 10 years the exchange rate is nearly constant https://www.xe.com/currencycharts/?from=DKK&to=EUR&view=10Y. Same with Bulgaria and Croatia (since 2020).
To avoid economic collapse. The curve in the Lira is scary, especially because it's added to the already steep depreciation in the last few months over investor's distrust of Erdogan's economic vision.
https://www.xe.com/currencycharts/?from=USD&to=TRY&view=1Y
You can simply google '1000000 vnd to usd'
The current exchange rate (which you would get less than) is less than $44.
A more depressing view is the 10 year view:
https://www.xe.com/currencycharts/?from=VND&to=USD&view=10Y
10 years ago, it was worth $62 which means it has continuously lost value over the last 10 years.
> Trumps outburst on twitter tanked the Canadian dollar a few months ago.
When was that?
Looking at a chart of the CAD-to-USD rate over the last year, the main feature is how much stronger the Canadian dollar has become against the US dollar in the last 5 months, with no big moves in the 7 months before that.
I agree with you that Trump's words have much more power than thought behind them, but in this particular case the numerical data does not appear to show the effect you're suggesting.
It’s been rising steadily since the spring and the “dropped like a rock” and “surged” around Nov 3rd were 1-2% up or down. Nothing out of the ordinary. Check for yourself.
https://www.xe.com/currencycharts/?from=CNY&to=USD&view=1Y
Är det någon som har en realistisk projektion över en framtid där Sverige kan ha råd att fortsätta med stor offentlig (dvs. centralplanerad) sektor av ekonomin, som vi haft sedan kriget?
En osvensk invandrad befolkning på ungefär 50% där extremt många nu får assistans från staten, och de som arbetar generellt inte är väldigt produktiva (lön = mått på produktivitet, dvs det pris någon vill betala för de tjänster du gör). Samtidigt har svenskarna blivit 1/3 fattigare senaste tiden. För fem år sedan fick man 0,15 SEK/USD, nu får man bara 0.10 (källa).
Det enda scenario jag kan se om Sverige inte kraftigt byter riktning ang. socialism och mångkultur är ett där man betalar sin egen sjukförsäkring, kör sin egen bil, betalar för sina barns skolgång till den skolan man tycker är värd (och har råd med).
Om det är någon som har tro på ett lyckligt tjugotal för Sverige så skulle jag gärna ta del av era projektioner!
He's right.
You can actually see the moment the referendum happened
GBP to EUR was trading at 1.3108 on Jun 24 2016 (The day after the referendum.)
It is currently trading at 1.16
1.31-1.16=0.15
0.15/1.31 = .1145 * 100% = 11.45%
This is from Morningstar and is not an official indicator. Other sites have it stable at the usual exchange rate:
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=LBP
https://markets.businessinsider.com/currencies/usd-lbp
The Lebanese lira is pegged vs. the dollar and the Central Bank will typically indicate any significant fluctuation.
Dollarn går ju bra mot alla valutor just nu, tex upp 5% mot euron senaste månaden: https://www.xe.com/sv/currencycharts/?from=EUR&to=USD&view=1M#
Det är en större anledning än att Sverige är i kaostillstånd.
> It's currently roughly where it was for much of 2009 to 2014.
So it's currently where it was at immediately after the worst financial recession in three decades?
And the moment it started to recover, Brexit knocked it back down?
Interesting.
Also, the GBP to USD chart paints a very different picture from the one you're trying to convey.
$4.80? I'd have thought the reward would be a bit bigger than that.
In the link you have used Zambia instead of Zimbabwe.
Anyway it's from 2008 so you need to remove 12 zeroes as well:
"On 2 February 2009, the RBZ announced that a further 12 zeros were to be taken off the currency, with 1,000,000,000,000 third Zimbabwe dollars being exchanged for 1 new fourth dollar"
https://www.xe.com/currencyconverter/convert/?Amount=100&From=ZWD&To=USD
USD/EUR rate ranges from 0.7 to 0.96 over the last 10 years.
BTC/EUR rate ranges from 53 to 53,000 over the last 10 years.
I don't see stability.
This is abhorrently false. Hyperinflation leading to a currency crash is identical.
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=PKR
Explicația e simplă (grafic):
- 2013: 1 € = 2,34 lire
- 2018: 1 € = 5,98 lire (2,55x)
Dacă aveai salariu de 2000 lire acum 5 ani, era echivalentul a 854€, acum dacă ai același salariu ai doar 334€.
Because international trade of oil happens in dollars. Its called petro dollar. If you look at currencies which has been mentioned as strong in that report like yuan, had a bigger fall in last week compared to indian rupee which pretty much makes whatever said in that link you posted invalid.
> wtf is sh39M ?
I was also curious about this, so I first looked up currencies that use sh:
https://www.allacronyms.com/SH/Currency
I'm not sure if this list is either accurate or exhaustive, but it only had 5 results so I checked them to find an exhange rate that approximated what the article listed.
https://www.xe.com/currencyconverter/convert/?Amount=10000&From=USD&To=UGX
10,000 USD =38,430,485.84UGX
So, yeah, it seems highly probable that's the Ugandan Shilling and this is a Ugandan newspaper.
£0.30 IEP ~ €0.38 and that would be worth €4.53 today after inflation.. That's $5.33 USD or £3.84 GBP.
I found some random pub outside Dublin that posts its prices online - they charge €4.95 for a Jameson today. Modern Irish shots are 35ml and the machine dispenses 1/4 gill, which is 35.5ml, so I think it's a fair match.
So all in all, not too bad!
Well... 1 VEF = 186,204.95 VES
And if I am remembering it correctly, you can only exchange to USD via the black market. This means the official exchange rates aren't actually the rates to use.
It is 69.5 now
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=INR
​
Was around 71 in 2018
When it was written AUD was at parity with USD. In fact in 2013 AUD had just finished exceeding USD, but we were still being charged twice as much as the Yanks.
Explain that.
I mean this is the stability Erdogan can offer: https://www.xe.com/currencycharts/?from=usd&to=try&view=10Y
It's going exponentially, and now it's going to get worse if they don't make any reforms (and they likely won't or it won't be enough) because the hot $$ is going back to the mainland.
I think the most crazy scenario (like, without a doubt) would be Erdogan becoming president, but losing the parliament majority. This might start a shit storm and another early election. In this case, no reforms, no nothing, just another spike.
If Ince / Aksener wins, depends on how they are perceived, and the immediate actions, (they say the first actions will be removing state of emergency, and setting central bank free) should at least keep the TL stable for a while. And since we're in the summer, it might even effect tourism immediately in the positive way (not sure how significant that might be) and we can see improvements.
Now, I can't foresee what happens on the AKP-side if Erdogan loses to be honest. I don't have the slightest clue what his reaction would be or how his supporters take the loss. If they leave silently, all good and dandy. But the alternative looks scary tbh. TL would be least of my worries.
Strange times ahead, no matter which side. I guess that's why my initial comment was so vague.
Providing a single crude example to illustrate your broader point for /u/lardyblabla
According to xe.com the exchange rate of Mongolian Tugrik (MNT) to USD has dropped from 0.00070 USD per Mnt down to 0.00042 in the past five years.
This is a 40% drop in value in five years, which is like losing 10% value per year (not 8% because compounding)
If you get 15% interest but lose 10% value vs the dollar, you would have done just as well earning 5% interest on USD investments.
Obviously this is a single example and past performance is no guarantee of future performance, but I wanted to illustrate /u/Econ0mist 's point with an example.
If it's in USD; you need to look also at the exchange rate.
Dollar was appreciating against the Euro in that timeframe, losing around ~20% from 2010 until about mid 2017. It was ~1.35 at the start of 2010; and hovered around 1.10 for most of 2016. The Euro now appreciating against the dollar (while the EU economies continue growing) so 2017 data when it's published will show a big jump (measured in USD).
Holy crap. I used to visit Argentina a fair bit. Back then, you'd walk along Calle Florida to change your US dolars on the blue market (El dolar azul). The generally accepted rate (with a bit of haggling) was a "Messi" - 10 pesos to the dollar. That was about 2x-3x what you'd get offcially, and you could live like a king with that.
https://www.xe.com/currencycharts/?from=USD&to=ARS
The rate has now topped 100 pesos to the dollar. Absolutely insane.
Despite all the "Malvinas Argie Bargy", Argentina is a wonderful country. BA is a gorgeous city, with the right mix of safety, edginess, culture and architecture (compared to other big cities on the continent). Great food, amazing countryside, superb wine, beautiful women and competes with Peru for best spoken Spanish.
It's a real shame to see it constantly go down the shitter. I'd often talk to taxi drivers about how the country is going, and I think a lot of them see right through the Malvinas sabre rattling, but they just seem to elect corrupt incompetents on both sides of the political divide.
i just looked at the Indian rupee relative to the CAD $ that's where i am from,
2yrs ago the rupee was 54.7 to 1 cdn $
today its 59.4 that 5 rpn on 54 or 10% , there has been a lot volatility, the cdn has risen due to commodity spike, not with any real leadership coming out of Canada
so i think this is more of trading currency then the other persuasion, me thinks
> Do you recommend investing on it?
No. God No.
eNaira is just a digital token representing normal naira which is created by the nigerian government. Look at how the price of naira compared to the dollar has fallen over the last 10 years : https://www.xe.com/currencycharts/?from=NGN&to=USD&view=10Y
Used to be 150 naira = 1 dollar, now it's 400+ , and if you're listening to news in nigeria, it's probably going to get worse considering how much debt nigeria is in which it's dilligently trying to print its way out of.
Nigerians are trying to find ways to get away from naira before we become the next venezuela (which I think is a major reason so many are going into crypto). Stay away from this imho
EUR has been cheap for years, but it has never been 1 EUR = 3 USD at least in the last 10 years: https://www.xe.com/currencycharts/?from=EUR&to=USD&view=10Y
also:
The EUR/USD reached an all time high of 1.6038 in July 2008 and a record low of 0.8231 in October 2000.
Easy answer: It didn't plunge.
Look at larger time-frames. It's a normal dip, there were many like it in the past, some worse than this.
Exagerezi. Euro e pe un trend de zeci de ani. Ia si da-i zoom out. https://www.xe.com/currencycharts/?from=EUR&to=RON&view=10Y
Covidul e pe val indiferent de ce tara, guvern vorbim.
Daca esti psdist in momentul asta, e apocalipsa si prapad in toata tara.
Daca esti pnlist e dezmat si bunastare dar stai sa vezi ca o sa fie de 100 de ori mai mult.
Deca esti usrist apreciezi ca exista un partid cu cateva scopuri clare si principii, chiar daca are 5% sau 15%.
Daca esti aurist, tre sa-ti iei tara inapoi din mainile sorosistilor neomarxisti.
Daca esti depresiv nimic din ce e mai sus nu conteaza.
10 Türk Lirası (TRY) şu anda 11.7 isveç kronu (SEK) yapar, sence lira şu anda krondan daha mı değerli ? Sence Türkiyedeki ortalama vatandaşın alım gücü isveçtekinden daha mı iyi? veya 5 yıl önce daha mı iyi idi? oran bire bir olunca eşit mi olacak?
demek istediğini anlıyorum ama "birim" zihniyetin yanlış.
Alım gücü, asgari ücret, açlık sınırı, gelir dağılımı daha önemli ve doğru göstergeler.
$215/$125.70 = 0.5846 It hasn't been at that level for more than 10 years.
Here's the Deutsche bank raw data
Αν πάτε εδώ θα δείτε ότι μέσα σε ένα χρόνο η τουρκική λίρα έχασε το 30% της αξίας της (από 0.1€/λίρα σε 0.7), ενώ μέσα σε 10 χρόνια έχασε 82.5% της αξίας της (από 0.4€)
Im from the US but live here and never exchange money. Might be worth checking your banks foreign transaction fee. If I need cash from my US account I’ll usually just pull out a big amount from an ATM at once. Withdraw and select “without conversion” then your bank will figure out the rate and hit you with one fee per withdrawal. Might be worth checking an actual bank when you get here and see if they do exchanges vs a currency exchange place.
https://www.xe.com/currencyconverter/
Is usually pretty accurate for exchange rates as far as I know
So you are correct that it’s 10 billion EVF but your conversion isn’t correct.
More math: 100 bills per stack at $100 EVF / bill would give you a value of $10,000 VEF per stack aka 0.000000032213 USD per stack. Since you have a million stacks multiply that by a million and you get 0.032213 USD aka 3 cents.
Shortcut: just type in 10,000,000,000 into a currency converter
At current rates, that's USD$14.53 according to https://www.xe.com/currencyconverter/convert/?Amount=12&From=EUR&To=USD so roughly tracking their US rates.
https://www.cnbc.com/2021/04/28/amazon-to-hike-wages-for-over-500000-workers-to-up-to-3-an-hour.html
> Amazon announced Wednesday it will raise wages by between 50 cents and $3 an hour for more than half a million of its U.S. operations employees.
...
> Amazon in 2018 raised its minimum wage to $15 an hour for all U.S. employees, following pressure from politicians and worker advocacy groups.
Fake news
10 IRR = 1 Toman
So "black market" (street rate) is 138,000 USD/IRT (1 IRT (Toman) = 10 IRR).
Thus with the price on LocalBitcoins of 1,022,908,320 BTC/IRR, that is actually equivalent to a BTC/USD price of $7,412.
The "official" (and irrelevant) rate is here:
You can get very high interest rates in many developing countries. There are two risks priced into that- (1) bank default risk and (2) currency risk.
The banks may be less stable and government guarantees may be lower than in developed countries. And even if the guarantee is there the government's own creditworthiness, to make good on that, may be less than in developed countries. So there is a risk with these that the bank goes bust and you lose some or all of your deposit. This risk was very real in Ireland coming up to 2008, and you see what happened in Cyprus where certain bank deposit holders DID have to take a haircut. So the point is, all deposits are not equally secure.
The second issue is currency risk. If you look at the ZAR to USD chart for the last ten years, you'll see that the rand was worth as much as 15c back in 2011 but is worth only 7c today. So it has lost half its value. So even with this 10% interest, you would still be down in real terms if you stuck your money in this in 2011. This isn't totally coincidental either, there usually is a correlation between high interest rates, high inflation and a devaluing currency. Not so much that you can say 100% if a bank is offering you 10% the currency is collapsing, but there is a much higher than even chance that it is.
>Those countries eliminated them because they never allowed such inequality as we have in the US to happen.
Another false Reddit meme. Denmark's wealth Gini is worse than the US and Sweden's is pretty close. Both abolished their wealth taxes because of the negative effects.
>Our wealth tax would raise a significant amount of funds
1.5% of GDP is not a significant amount of funds. You'd get something similar out of a VAT of 2% or 3%.
Your point on debt burden increasing purchasing power doesn't make sense, markets aren't abandoning dollars due to the US debt load. If anything they're seeking it out and the USD is becoming stronger due to uncertainties elsewhere in the world.
Depends on your bank, but it's almost always a better deal than airport FX.
Remember, there are two ways to charge for FX, explicit charges and spread. Often they'll claim zero commission and make it up with a lousy rate.
E.g,. Travelex are quoting right now 1.7835 GBPAUD while the wholesale rate is 1.84
> Can’t believe I’m getting charged exchange rate on a digital in game currency.
Why wouldn't they apply the exchange rate? Fifty Canadian dollars are worth less than fifty American dollars; it wouldn't make sense for them to give a 25% discount just because the two different currencies are both called "dollars."
Imagine they were a Canadian company that did use Canadian dollars by default, and a Honk Kong player was unhappy about the exchange rate; Fifty Hong Kong dollars are about eight bucks Canadian.
So, what is going on with the dollar right now? The dollar-swedish kronor exchange rate is at one of the highest levels since 2008
https://www.xe.com/sv/currencycharts/?from=USD&to=SEK&view=10Y
With around 50% of my portfolio being US stock, traded in dollar I'm doing very well atm.
The most direct answer to this is that international currency markets want more dollars and fewer rupees.
This change is typically caused by two factors:
*Oil prices: When oil becomes more expensive in dollars (as it is now) Indians need to sell more rupees to buy more dollars to get that oil.
*Changes in foreign investment: When foreign investors feel good about Indian investment opportunities, they sell dollars to buy rupees to invest in India. When foreign investors think they can do better elsewhere, they sell their Indian investments, then sell those rupees for dollars they can use elsewhere in the world.
I can't find it now, but I have read that foreign investors have been selling some of their Indian investments and taking the money back home. A couple billion here or there makes a big difference in the currency markets.
Most recently, the rupee was at its strongest to the dollar on May 19, 2014 when the rupee was 58.4 to the dollar. The currency markets were reflecting interest in Indian investments after the results of the general election.
Are those charts in equivalent currencies? I don't know shit about shit, but could the housing prices in Canada be rising because the value of the currency has fallen?
This is incredible.
About 20 years ago 1 Argentine Peso was worth 1 USD.
In 20 years it went from $1 to $0.01
It's the 10 year graph that really shows the impact of Brexit on how the pound tanked in 2016.
https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=10Y
That said, on this larger scale this little blip this article is talking about still doesn't amount to a whole lot...
All the real damage has already been done way earlier, so I'll stay with my opinion for now, that this article doesn't really show anything relevant for the moment.
The Lira has been falling for 10 years. It's been exacerbated only recently with Trump vs Erdogan over Andrew Brunson being a political hostage.
What economic achievements did Erdogan get elected on? As an outsider that has been following Turkish politics for awhile, the whole country is enthralled with Erdogan and his mission to recreate their former Ottoman glory. I've posted numerous times in r/Europe about the stupidity of Erdogan's economy and how he's sinking the Lira almost purposefully. And the response I usually hear back is that I'm exaggerating and I simply can't know because I don't have my two feet down in Turkey.
Sorry, but I respectfully disagree that he got elected for economic reasons. It's most obvious turks are voting with ideological reasons, not economic.
Anyone holding 25000 USDs(let approximate! a halfcoiner) are a billionaire in Iran.
https://www.xe.com/currencyconverter/convert/?Amount=25%2C000&From=USD&To=IRR
> I just looked the symbols up, and I can’t seem to find the symbol that he has.
Same here. I honestly still think it's the Rupee. It's not exact, but it's by far the closest of all symbols. Add in the added information from the name and I reckon it's the best bet by far.
Dec 17th, 2017 (when bitcoin was at it's ATH) the USD/ZAR was ~13.
At $20K on Dec 17th, 2017 (BitSTAMP was a little lower, ... like $19,670 or something like that) the BTC/ZAR exchange rate would have been: R260,000 ZAR (20,000 * 13).
So BTC/ZAR ATH occurred earlier this past month.
Here's a chart that shows it as well:
- https://research.arcane.no/performance-from-dec-17-ath <-- Looks like I can't see this in Chrome incognito mode, but otherwise loads OK.
- https://pbs.twimg.com/media/EnR9_GuXcAAQ1M2?format=jpg
Not a couple though. The 1:1 ratio was crossed in 2013, 6 years ago. And it never went to 170:210 ratio, not even close. The highest it went was 1: 1.1 (so 170AUD = $187)
https://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y
Regular fiat currency symbols are far from completely covered by Unicode already, so this is Excel-specific rendering (or a custom MS font, in case you're exporting such a worksheet to PDF?) that will also stop working if you open such a file in an on-premises release such as Excel 2016. Bitcoins have been traditionally approximated using the symbol of the Thai Baht.
If they did a currency short I can guarantee you they've already cashed out.
https://www.xe.com/currencycharts/?from=GBP&to=USD&view=5Y
Take a look at the graph, the lowest GBPUSD went after the vote was 1.20, its currently at just above 1.30, it strengthened to about 1.46 leading up to the referendum, so maximum profit if they bought Dollars at 1.46 and sold at 1.20.
This is how I just don't see how people think the pound can crash much more, it's strengthened back up throughout the uncertainty..
Still cheaper in the US, even after taking into consideration the exchange rate.
1 gallon of gas in Toronto ($1.34CAD/L, 3.78 L per gallon) = $5.07CAD/gal
1 gallon of gas in Buffalo, NY ($2.70USD/gal, $1.00USD = $1.28CAD) = $3.47CAD/gal
https://www.gasbuddy.com/GasPrices/New%20York/Buffalo
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=CAD
https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=5Y
You can't just go around the Interwebs and lie about stuff like that
That pound/dollar chart though - it's more than a little misleading, given that if you compared the pound to other currencies, it has stayed relatively flat:
YEN:
https://www.xe.com/currencycharts/?from=JPY&to=GBP&view=2Y
Euro:
https://xe.com/currencycharts/?from=GBP&to=EUR&view=2Y
The pound rising against the dollar is more about the dollar falling, which you can see if you compare the dollar to other currencies:
https://www.xe.com/currencycharts/?from=USD&to=EUR&view=2Y
> The Czech currency actually appreciated significantly to the euro in the last 5 years
Because of the central bank artificially depreciating CZK back then. Look at the 10y graph: https://www.xe.com/currencycharts/?from=EUR&to=CZK&view=10Y
Actually, CZK was the strongest in 2008.
> and Czechia has a stronger trade surplus and a higher government surplus/lower gvt deficit and a healthier banking system than a lot of the eurozone members.
We don't have government surplus, see https://cs.wikipedia.org/wiki/St%C3%A1tn%C3%AD_dluh_%C4%8Ceska for absolute numbers and GDP percentage.
500,000.00 US Dollars =
682,653.29 Australian Dollars
423,104.16 Euros
361,645.39 British Pounds
633,820.66 Canadian Dollars
583,833,280 South Korean Won
54,642,228 Japanese Yen
3,216,161.22 Chinese Yuan Renminbi
Source: https://www.xe.com
I wish there was a bot that did this.
I’m genuinely not trying to be rude but why would neither of those figures for conversion be $1 CAD nor £1 GBP… I’m not doubting your reason, I just can’t fathom it so I’m curious. xe.com says that’s roughly £40 for those interested.
1 CAD = 0.572016 GBP
1 GBP = 1.74820 CAD
Nope, u/DeadInMyCar is right,
(https://www.xe.com/currencyconverter/convert/?Amount=1000&From=BRL&To=USD)
What you're describing as "price inflation" should be thought of as "price volatility", which is to say that the price of Bitcoin compared to USD goes up and down a lot. This is true and nobody is denying that. However, we could also argue that the price of USD compared to Bitcoin goes up and down a lot! In fact, USD has fallen somewhere around 98% over 10 years compared to BTC! Ouch!! But I digress.
Yes, it is not ideal for an asset to fluctuate in value rapidly. However it is to be expected given that the asset is completely new and revolutionary (revolutionary in the sense that Bitcoin is the first instance of 'digital scarcity' that humanity has ever known). Bitcoin's price volatility is likely to continue for quite some time, in part because it is still growing rapidly, and also because we all insist on comparing it to the US Dollar, which also fluctuates compared to other assets.
Contrast this with monetary inflation. We know that there will only ever be 21 Million bitcoins in existence. I can provide you with a very precise estimate of how many bitcoin will exist in the year 2072 because the monetary supply is algorithmically controlled. But, how many US Dollars will exist 5 or 10 years from now? We already know that supply was arbitrarily increased by ~500% over the past year, but how many dollars will exist in a decade? The simple fact is that nobody has a clue, except to say that it's very likely to be "more than today". If I had $100k in a savings account since 2010, and since then there are now 9 additional dollars in existence for every dollar I have in savings, does that mean my $100k is worth more, or less?
In summary, "price inflation/volatility" is to be expected for emerging new asset classes, whereas "monetary inflation" of fiat currencies is political, arbitrary and unpredictable.
https://www.xe.com/currencycharts/?from=TRY&to=USD&view=10Y
Roughly 600% drop over 10 years (if that is how math works). So, a game that cost 60 back then should cost 360 now, but if its 700 instead that means games have doubled in price in Turkey. 700 is about 80$, which does seem on the high side.
A 'bureau de change' - Israeli Shekels are a current currency
50 ILS would be about £10.90 or $15.38
https://www.xe.com/currencyconverter/convert/?Amount=50&From=ILS&To=GBP
> Right now the Candian dollar is worth more than the USD.
one canadian dollar is worth 78 cents of american money.
> Linus Tech Tips said someting about it since they sell stuff in USD but are Canadian, and I believe they have some employees that they pay in USD too since those employees are in the US.
you likely misunderstood whatever they were saying.
> Deal. 1 billion zimbabwe dollars!
Hum... 1 000 000 000 zimbabwe dollars = (right now) 2 763 194 USD .... hum.
Are you really really ... ^really sure for this deal... ?
> Am happy hour la o banca
Incepe cu Uni si se termina cu Credit? O astept si eu. Ma enerveaza mult limita aia zilnica (dar inteleg de ce e acolo).
Te poti uita pe xe. Vad ca acolo e updated.
https://www.xe.com/currencycharts/?from=EUR&to=RON&view=1W
No - I'm very British I'm afraid, although in all honest I have spent most of the last 50 years not living here so culturally I might be a bit foreign.
>Most of the people I know who either run or manage businesses are floundering ect
I don't know many shop keepers or retailers. Most of the businesses I know and work with are either exporters or manufactures. Most of them will import a product from the EU, do something with it here and then export it back to the EU to wholesalers. The deflation in the pound has hit them very hard.
>The pound is failing against the Euro...
OK for the last couple of months it has stabilised at a low rate I'll give you that, but on a longer 5 year outlook are you seriously trying to tell me this is a good trend? Look it up your self if you want but it's even worse against the Dollar.
>Hate crimes are up
Hate crime charges fall despite reports doubling (Umm... Just a heads up here - Google trends is a marketing tool and counts up how many times people have used a search time on Google. It's not something that analyses UK police or court data)
Anyway, just because you had a bad time in China, doesn't mean that it's OK if we are not as racist here. It deflects your argument and seems you are using a "what about" argument.
Anyway - after that I kinda lost the gist of what your were trying to say and to me it looked as though you were getting a bit confused or something about Cameron, the banking crisis and Ukrainians?
Have fun trolling away but I'm disengaging now.