European Tribune - Comments

That double 80 | 7 comments (7 topical, editorial, 0 hidden)

The currency market has been mild these last two/three days with the € shyly testing 1.38 against the dollar. About one hour ago, 16h00 in Lisbon, 9H00 in New York, the currency market shocked up, sending the dollar below 80 on all futures and bringing the cash index briefly to a perilous 80.1 points.

The new €$ record is 1.3843.

I note that using the fixed conversion rate, the DEM$ record from 1995 corresponds to 1.4360 €/$. (On the other hand, I would be curious what the ECU/DEM conversion factor was back then.)

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.

by DoDo on Fri Jul 20th, 2007 at 01:50:22 PM EST

Re: That double 80 (none / 1)

It's 19 April 1995 I'm curous about.

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.

by DoDo on Fri Jul 20th, 2007 at 01:52:01 PM EST
[ Parent ]

Re: That double 80 (none / 1)

If you take euro introduction rate of 1.17 as an historical average, and assume "around the mean" properties since it went as low as 0.84 it can go as high as 1.17/0.84=1.63.

by Laurent GUERBY on Sat Jul 21st, 2007 at 05:18:17 PM EST
[ Parent ]

Re: That double 80 (none / 0)

Please take that back... That would be .6135€!

Our knowledge has surpassed our wisdom. --Charu Saxena.

by metavision on Mon Jul 23rd, 2007 at 06:36:40 PM EST
[ Parent ]

That double 80 | 7 comments (7 topical, 0 editorial, 0 hidden)

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