DMikeS4321 Posted June 15, 2008 Report Share Posted June 15, 2008 Wow, highest I've ever seen it on my ticker - 6.898/1.00 Link to comment
griz326 Posted June 15, 2008 Report Share Posted June 15, 2008 Do you mean highest? Or do you mean lowest? My gal commented on how little RMB she gets with her life money now compared to when I first started sending her money. Link to comment
Guest Mike and Lily Posted June 16, 2008 Report Share Posted June 16, 2008 Do you mean highest? Or do you mean lowest? My gal commented on how little RMB she gets with her life money now compared to when I first started sending her money. My CYB position is compensating well for the recent dollar depreciation. It's a great hedge against the drop of the dollar against the RMB. Link to comment
homersimpsons Posted June 16, 2008 Report Share Posted June 16, 2008 Man, that's dropping fast! It was 6.942 just 2 weeks ago when I was in Guangzhou. Link to comment
DMikeS4321 Posted June 17, 2008 Author Report Share Posted June 17, 2008 (edited) Do you mean highest? Or do you mean lowest? The value of the RMB is going up when you get fewer RMB per dollar. The fewer RMB per dollar, the higher it's value against the dollar, hence, it is rising in value. In currency trading, the references are to value, not numbers. Value of the RMB is considered to be going UP when the dollar drops, and it is the dollar that's dropping right now. Interestingly, the price of gold is considered to be going up as the dollar inflates. That's probably because gold is one of the standards by which currencies are judged. Best Regards Edited June 17, 2008 by DMikeS4321 (see edit history) Link to comment
tsap seui Posted June 17, 2008 Report Share Posted June 17, 2008 (edited) 6.874 on the 15th In 3 years or so, I figger we'll convert quite a bit more pesos on the return than is being sent over now. That's sayin' there's somethin' to come back to.... or the will . tsap seui Edited June 17, 2008 by tsap seui (see edit history) Link to comment
DMikeS4321 Posted June 17, 2008 Author Report Share Posted June 17, 2008 New record by my ticker: 6.887/1.000, RMB to dollar. It's approaching a 25% increase in value since mid-2005. Link to comment
IllinoisDave Posted June 17, 2008 Report Share Posted June 17, 2008 New record by my ticker: 6.887/1.000, RMB to dollar. It's approaching a 25% increase in value since mid-2005.Hope your ticker holds out there Mike. Link to comment
DMikeS4321 Posted June 18, 2008 Author Report Share Posted June 18, 2008 New record by my ticker: 6.887/1.000, RMB to dollar. It's approaching a 25% increase in value since mid-2005.Hope your ticker holds out there Mike. Dave, I appreciate your concern and thank you. I'm through the worst of my real estate nightmare now, so I think I'll be doing better soon. Nothing a trip to Nanning can't fix! Link to comment
IllinoisDave Posted June 18, 2008 Report Share Posted June 18, 2008 New record by my ticker: 6.887/1.000, RMB to dollar. It's approaching a 25% increase in value since mid-2005.Hope your ticker holds out there Mike. Dave, I appreciate your concern and thank you. I'm through the worst of my real estate nightmare now, so I think I'll be doing better soon. Nothing a trip to Nanning can't fix! Link to comment
Guest Mike and Lily Posted June 18, 2008 Report Share Posted June 18, 2008 Another new low for the $USD today. http://biz.yahoo.com/ap/080618/china_us_currency.html Link to comment
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