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ramchop wrote:Currency intervention is normally considered an ad hoc measure to moderate wild swings in exchange rates....
From: Richard Katz (Senior Editor of The Oriental Economist)
Subject: NBR'S JAPAN FORUM (ECON): How much to move the Yen?
...An experiment conducted by the Federal Reserve sheds light on the difficulties, particularly in the short term. I forget the specific details, but the gist is this. The Fed challenged anyone to come up with a model that did a better job predicting the value of the dollar six months down the line than simply tossing a coin. The coin toss won.
http://lists.nbr.org/japanforum/showMessage.asp?ID=10220
Date: Thu, 25 Sep 2003 16:58:47 -0700
kamome wrote:This sucks! I get paid offshore, so now my dollars won't buy me as many Asahi brewskies.
Captain Japan wrote:kamome wrote:This sucks! I get paid offshore, so now my dollars won't buy me as many Asahi brewskies.
Switch to happoshu.
Kamome, did I tell you how bad I'm going to kick your ass in fantasy football? Your squad has the biggest collection of inept slugs I've seen. Are you running a Japanese construction company or a football team? Prepare to be destroyed!
cstaylor wrote:You don't have any cash here? You should move it back and take advantage of the nice exchange rate.
kamome wrote:It would take true desperation to switch to Happoshu. Maybe if I were on the verge of homelessness...
ramchop wrote:I'm zipping over to Vietnam for a holiday next month. Sadly, funds in Japan are a bit short and I'll have to get money back from NZ. I want cash in $US. What's the best way to do this?
A few options:
1) Wire it directly to a friend's bank account in VN
2) Withdraw it in yen at an ATM which takes overseas cards and then change it to $US (don't suppose there are any ATMs that spit out $US are there?)
3) Look for an ATM in Vietnam.
Captain Japan wrote:Get out of the way, I'm steamrolling my way to the top!
AlbertSiegel wrote:ACK!! The value is now @ 110.80!!!(as of 09/29/03 close) ...
Does anyone know if the exchange rate will go near what it was a month ago?
AlbertSiegel wrote:Geeze!!! It's at 108Yen to the Dollar! ??? !!
Anyone have any idea when things will go back to the normal 120???
Anyone know why the yes is changing so much so fast?
cstaylor wrote:Yeehaw, up to 111.
AlbertSiegel wrote:Geeze!!! It's at 108Yen to the Dollar! ??? !!
Anyone have any idea when things will go back to the normal 120???
Blah Pete wrote:I will have to give up my coke habbit if this keeps up and switch to sniffing glue or sinna.
Current Rate 76.86 Monday, March 01, 2004
High 76.86 Monday, March 01, 2004
ramchop wrote:Is this bastard going to turn around in the next 2 months?::
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