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Category Archives: forex

Epic decline of Indian Rupee

Citizens of India have been watching, in stunned amazement, as over the past month the local currency has lost an unprecedented 15% of its value, with a record plunge taking place just on August 28, 2013.

The Indian people have lost 30% of their global purchasing power since March 2013 (though those who swapped their paper wealth to gold have seen their purchasing power rise 6% in Rupee terms).
Screen Shot 2013-08-28 at 1.56.12 PM

Over the last two years, One USD has gone from around 44 INR per dollar to 68 INR per dollar recently.

Screen Shot 2013-08-28 at 2.02.29 PM

here is a detailed picture of last 30 days of free fall of indian rupee.

More detailed analysis of epic Indian Rupee Crash

http://www.zerohedge.com/news/2013-08-28/things-make-you-go-hmm-many-clear-signs-indias-currency-was-set-epic-crash

 
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Posted by on September 1, 2013 in banks, economy, forex, investing

 

$8,000 Gold soon

 

Speaking at Mining Indaba conference in Cape Town, James Turk forecast that gold could reach $8,000 per ounce by 2013-2015. He added that that may be too conservative.

Turk, the founder of digital gold currency GoldMoney, said individuals should own bullion not as an investment, but as a wealth preserver.

 


$8,000 Gold by 2013-2015 May be Too Cheap « MineFund.

 
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Posted by on February 14, 2011 in business, economy, forex, gold, investing, money

 

For Europe’s Future, Spain Is All That Matters

Last Spring it was Greece that was in crisis mode—then last week, it was Ireland—and coming up next is Portugal—

—but all those pale in comparison to Spain.

That’s gotta hurt.

If I had to bet on which country will bring about the end of the Euro—and perhaps even the end of the European Union—I’d have to say it’s Spain.

via Gonzalo Lira: For Europe’s Future, Spain Is All That Matters.

 

How Many Times Can One Driver Fall Asleep At The Same Wheel (And Live)?

 

 
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Posted by on November 26, 2010 in economy, forex, info, money, politics

 

Aussie surges on RBA rate hike; U.S. dollar slumps

The Australian dollar raced to a 28-year high against the greenback on Tuesday after a surprise Australian interest rate hike, while the U.S. currency fell ahead of a Federal Reserve meeting expected to produce a fresh round of monetary easing.

Aussie surges on RBA rate hike; U.S. dollar slumps

Interest rates of 5% and above are common for Australian Saving Accounts

Today US dollar is equal to Aussie dollar. In 2001, each US Dollar was equal to 2 Aussie Dollars. In early 2009, each US dollar was equivalent to 1.5 Aussie Dollars.

Tale of two currencies…

 

 

 
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Posted by on November 3, 2010 in banks, economy, forex, money

 

Japan, Korea Tussle Over Currencies

Japan’s decision to criticize South Korea for its currency interventions threw a spotlight on a little-noticed reason for South Korea’s economic success this year—the Korean won’s weakness compared with the Japanese yen.

via Japan, Korea Tussle Over Currencies – WSJ.com.

 
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Posted by on October 14, 2010 in forex

 
 
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