*** Currency Exchange Rate ***
Bosco, Steven, Zeev and Ramsey,
Thank you all for commenting on a dummy's wild opinion. <g>
Bosco, what I meant by "wind" is economic growth rate of each continent. US had a strong economic growth in the '40's to late '60s and Asia had incredible economic growth from late '60 to late 90's.
>>I certainly admire your putting the $ where the mouth is <g>.<<
<Big G, too> (Can you recommend any good currency future brokerage firm?)
For the record I will post current exchange ratio. Let's compare them in 3 months, 6 months, 1 year and 2 years later. Numbers usually do not lie....
Dec. 27, 1998 Exchange Rate:
US $1.00 = 1.682 D.Mark, = 0.598 B.Pound, = 0.854 ECU (not euro yet)
(=116 Yen, just for reference)
1.00 British Pound = 2.813 D. Mark, = 1.429 ECU.
(Note: US dollar has already lost some of its strength in past month. Most of you think the dollar will gain its strength back while I am predicting Pound and Dollar will lose more of their power while Euro will gain strength) |
