Banking issues, interest rates, RMB vs $, traveler's checks

[rogerluli]

Well the results are in for the year and there was no big drop in the Dollar'$ value ...

 

12/31/2005...8.0702 RMB

 

12/31/2006...7.8065 RMB

 

A very modest change of 3.38%

 

I will now go way out on a limb and predict a slightly accelerated rate of change for 2007 of 4.5%...

 

12/31/2007...7.4552 RMB

Edited December 31, 2006 by rogerluli (see edit history)

[Randy W]

Investing in China

 

If you had invested $1000 in each the RMB, Mathews China Fund (MCHFX), and the Fidelity China Region Fund on Jan. 1, 2005, today they would be worth:

 

http://i14.tinypic.com/333akat.jpg

[rogerluli]

Investing in China

 

If you had invested $1000 in each the RMB, Mathews China Fund (MCHFX), and the Fidelity China Region Fund on Jan. 1, 2005, today they would be worth:

 

http://i14.tinypic.com/333akat.jpg

 

Gosh Randy wouldn't you have collected a few jiao in interest???

[Randy W]

Okay, Roger! I've dialed in a 3.06% return, compounded daily, just for you.

 

http://i12.tinypic.com/2ef1gef.jpg

Edited January 1, 2007 by Randy W (see edit history)