The end of the Euro | 276 comments (276 topical, editorial, 0 hidden)

Re: Geithner goods (none / 0)

No, a dropping €($)/SEK exchange rate means that people are moving out of Swedish currency, which is consistent with the general pattern of people moving into large currencies during times of uncertainty.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 12th, 2011 at 05:58:40 AM EST
[ Parent ]

Re: Geithner goods (none / 0)

If $1 bought 11 SEK three months ago and buys you 10 SEK today the purchase cost of the SEK has risen when measured in dollars.

Ever since I learnt about confirmation bias I've started seeing it everywhere

by ATinNM on Fri Aug 12th, 2011 at 12:55:55 PM EST
[ Parent ]

Re: Geithner goods (none / 0)

Indeed. But what the graph actually says, should you inspect the relevant axis, is that last month it cost € 0.11 to buy SEK 1, and now it costs € 0.10.

So € 1 used to buy SEK 9, and now it's buying SEK 10.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 12th, 2011 at 03:17:31 PM EST
[ Parent ]

The end of the Euro | 276 comments (276 topical, 0 editorial, 0 hidden)

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