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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: The Vet who wrote (66707)7/17/2007 8:51:15 PM
From: mishedlo  Read Replies (1) of 116555
 
My guess is the bigger the order the smaller the pip charge. For importers/exporters the pip charge is essentially meaningless.

Of course that is IF there is a pip charge in the first place. After all why should two parties pay pip charges?

If Iran will take Yen and Japan wants to pay in Yen there is no pip charge at all. I have no doubt that Iran conducts transactions in Euros as well.

There is no need for either side to convert in many cases. Even when they do, the amounts are essentially meaningless. That may not be the case for the small guy, but it is for major transactions and that is where oil trades.

Mish
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