Archive for September, 2009

Where can I get data about currency exchange rates from the year 1970 to 2007 on yearly basis?

I badly need them for the research project I am working on…
Did a quick search for you, you can get data only from 1995 though. Hope it helps
*ty
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Yahoo Currency Cross Rates For Personal Website?

Im building my personal website and i would like to embed the
"Major Currency Cross Rates" Table or "I want to convert… " table from the Yahoo website into mine. It must also dynamically update whenever Yahoo does. The link for the website is : http://finance.yahoo.com/currency
Is it legal with Yahoo ? And more importantly, How [...]

Floating and fixed currency exchange rates???

I’ve never delved too deeply into this so I don’t know how it works. Why do some countries have fixed exchange rates and other countries have semi-floating exchange rates? Like the pound sterling is maintained artificially high through the U.K. governments interference and the Chinese yuan is maintained artificially low. Isn’t this like a license [...]

Online Forex Trading – Why Most Traders Cannot Adopt a Mindset to Win

FOREX trading looks easy yet few succeed.
If you are thinking of trading FOREX then you need to consider the fact 95% of traders lose their equity quickly.
FOREX trading is difficult as it means you have think and act in a totally different way and adopt a different mindset to win.
Here we [...]

Who sets currency exchange rates? How are they set?

I want nitty gritty details– not just the simple "supply and demand" answer!
The Chinese government sets it for the renminbi and there are at least a dozen other governments that set the exchange rates for their own currencies:
http://en.wikipedia.org/wiki/Fixed_exchange_rate
Most countries allow their currency’s exchange rate to float, but occasionally intervene:
http://en.wikipedia.org/wiki/Floating_currency
Krugman argues that it is really the [...]

Which currencies are more heavilly traded in the international currency market Swiss Fracs or canadian Dollar?

i mean swiss francs more important or Canadian Dollar
Swiss francs are clearly a more important currency because it is used for reserves, etc.
It is also more heavily traded than the Canadian dollar, by about 50%
http://en.wikipedia.org/wiki/Foreign_exchange_market#Trading_characteristics
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Forex Advice Should you Buy It? Read This First

Should you by FOREX advice from a guru or mentor?
Many novice traders think they should do this and it’s easy to make money but you need to be very careful of the FOREX advice you buy as, 99% of advice sold on the net won’t give you profits.
Here are some pointers on getting the [...]

The most commonly traded currency in the foreign exchange market is the ?

a. British pound.
b. Chinese yuan.
c. Japanese yen.
d. U.S. dollar.
U.S.Dollar
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Is using foriegn currency and exchange rates to gain money illegal?

Due to the recent strength of the pound and weakness of the US dollar, I had an idea that if I swapped cash from my UK bank account to my US bank account I’d gain money if ever the UK pound became weaker.
I didn’t actually do this, but I worked out that if I’d turned [...]

What would you like to ask?currency exchange rates on ebay?

why is the exchange rate quoted on paypal 3 cent different than the current bank exchange rate when converting from sterling to euro
i bought an item on ebay a little while ago and when i went on to an online currency converter and the exchange rate was 85.3 pence sterling /1.00 euro while the [...]