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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: skinowski who wrote (52707)	2/5/2006 12:19:48 PM
From: regli	Read Replies (1) of 110194

"I could never figure this one out. If I want to buy something priced in dollars, and all I have in my pocket is a bundle of Thai baht, the vendor will simply whips out the calculator. Currencies are instantly interconvertible this day and age. However, you might have lost a lot of money in the process if the dollar appreciated significantly against the Baht since you purchased Bhats. As a result you then might decide to establish a reserve of Dollars to guard against such an event. The more reserves, the higher the demand for dollars.

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