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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: JZGalt who wrote (5427)	8/27/1998 4:37:00 AM
From: Bruce A. Bowman	Read Replies (1) of 18928

Hi Dave- The Canadian dollar is getting mauled right now, as are the Australian and NZ dollars: Today's Change U.S.$ in Fgn.Curr. ------------------ COUNTRY - CURRENCY Fgn.Curr. in U.S.$ Fgn.Curr. in U.S.$ ------------------ -------- -------- -------- -------- Argent Peso 1.000 1.00010 0.000 0.00000 Australia Dollar 1.771 0.56480 0.037 -0.01200 Austria Schilling 12.699 0.07870 0.049 -0.00040 Belgium Franc 37.260 0.02680 0.180 -0.00020 Brazil Real 1.173 0.85270 -0.002 0.00140 Britain Pound 0.610 1.63850 -0.001 0.00050 Canada Dollar 1.568 0.63790 0.018 -0.00730 Chile Peso 472.300 0.00212 -1.250 0.00001 China Renminbi 8.280 0.12080 0.000 0.00000 Colombia Peso 1418.220 0.00071 10.950 0.00000 Czech Rep Koruna 33.100 0.03020 -0.220 0.00020 Denmark Krone 6.859 0.14580 0.020 -0.00040 Dominican Rep Peso 15.450 0.06470 0.000 0.00000 ECU ECU 0.911 1.09750 0.002 -0.00240 Ecudr Sucre 5383.000 0.00019 0.000 0.00000 Egypt Pound 3.425 0.29200 -0.001 0.00000 Finland Mark 5.471 0.18280 0.010 -0.00030 France Franc 6.055 0.16520 0.022 -0.00060 Germany Mark 1.806 0.55370 0.007 -0.00200 Greece Drachma 307.170 0.00326 0.870 -0.00001 Hong Kong Dollar 7.747 0.12910 -0.001 0.00000 Hungary Forint 224.860 0.00440 3.480 -0.00010 India Rupee 42.485 0.02350 0.020 0.00000 Indnsia Rupiah 1115.000 0.00090 -10285.0 0.00081 Iran Rial 3000.000 0.00033 0.000 0.00000 Ireland Punt 0.716 1.39720 0.000 0.00000 Israel Shekel 3.733 0.26790 0.010 -0.00070 Italy Lira 1781.500 0.00056 8.500 0.00000 Japan Yen 144.020 0.00694 -0.190 0.00001 Jordan Dinar 0.711 1.40650 0.000 0.00000 Lebanon Pound 1512.250 0.00066 -0.750 0.00000 Malaysia Ringgit 4.210 0.23750 0.007 -0.00040 Mexico Peso 9.740 0.10267 0.140 -0.00150 Nethrlnds Guilder 2.046 0.48890 0.022 -0.00510 N. Zealand Dollar 2.035 0.49140 0.004 -0.00110 Norway Krone 7.988 0.12520 0.125 -0.00200 Pakistan Rupee 49.200 0.02030 3.660 -0.00170 Peru New Sol 2.948 0.33920 0.007 -0.00080 Philpins Peso 43.440 0.02300 1.200 -0.00070 Poland Zloty 3.700 0.27030 0.030 -0.00220 Portugal Escudo 184.260 0.00543 0.450 -0.00001 Russia Ruble 7.860 0.12720 0.000 0.00000 Saudi Arab Riyal 3.752 0.26650 0.000 0.00000 Singapore Dollar 1.772 0.56450 0.008 -0.00240 Slovak Rep Koruna 35.890 0.02790 0.060 0.00000 So. Africa Rand 6.270 0.15950 -0.026 0.00070 So. Korea Won 1307.500 0.00077 1.700 0.00000 Spain Peseta 152.780 0.00655 0.390 -0.00001 Sweden Krona 8.266 0.12100 0.032 -0.00040 Switzerlnd Franc 1.506 0.66410 0.002 -0.00070 Taiwan Dollar 34.810 0.02870 0.010 0.00000 Thailand Baht 41.600 0.02404 -0.050 0.00003 Turkey Lira 276955.0 0.00000 3315.000 0.00000 U.A.E. Dirham 3.673 0.27230 -0.001 0.00000 Uruguay New Peso 10.705 0.09340 0.000 0.00000 Venzuel Bolivar 576.770 0.00170 0.150 0.00000 I saw first hand what the oil market is like once you leave the US. In Australia we paid $0.65AU/liter (about $2.41AU/gal) for gas and in NZ it was $0.85NZ/liter (about $3.15NZ/gal). A person wouldn't want to do a lot of driving at those prices, but if you go over there with US dollars it doesn't seem too bad. At today's exchange rate, that equates to about $1.36US/gal to drive in Australia and $1.55US/gal to drive in NZ. This is at least in the ballpark of What I'd expect to pay around here in the SF Bay Area where unleaded fuel was $1.34US/gal last nite. Btw, I was told that the price of gas in NZ had just dropped $0.10NZ/liter because a new oil company had just entered the picture there. I was surprised to hear that NZ had refineries (on No. Island near Whangarei). It's interesting what a great comparison oil is for evaluating world currencies. Bruce

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