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To: limtex who wrote (72714)5/29/2000 1:40:00 PM
From: samim anbarcioglu  Read Replies (2) | Respond to of 152472
 
Come on guys, 72.1 Eu = $66.82
The conversion rate is $1 = 1.07903 euro.
what's the problem?



To: limtex who wrote (72714)5/29/2000 1:44:00 PM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
Euro foreign exchange calculations (I cannot take this any more !)

Go to the Chicago Merc's Euro futures :

cme.com

June futures close @ 93.27 cents on Friday.

(One month's carrying charges looks like about 0.2 cents, so cash was at about 93.07).

Look at Globex quotes :

cme.com

Euro futures down 0.40 cents, so cash Euro @ 92.67 cents.

92.67 X 72 = $66 3/4 or so.

(U.S. close on QCOM Friday was $66 1/16).

OKAY ???

Jon.


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