rogerluli Posted October 9, 2008 Report Share Posted October 9, 2008 It's been pretty boring talking about the $/RMB exchange rate lately... On June 24 it was up to 6.87 and ever since it has not moved out of the 6.87 to 6.81 range... Now the IMF thinks China should let its currency move upward again and that it would help China internally to develop its economy... http://afp.google.com/article/ALeqM5g_zFng...9IZ3obu09k9jB8Q Link to comment
JimS. Posted October 9, 2008 Report Share Posted October 9, 2008 I sure hope this is the case, it'll make Mothers house cheaper What it'll cost me now: 420,000RMB = $61,403At 7.84 exchange it would be $53,571 Link to comment
Randy W Posted October 9, 2008 Report Share Posted October 9, 2008 I sure hope this is the case, it'll make Mothers house cheaper What it'll cost me now: 420,000RMB = $61,403At 7.84 exchange it would be $53,571 Oops Wrong way - a 14% increase in the RMB would put the exchange rate at 6.02 - and the value of her house at $69,767 Link to comment
rogerluli Posted October 9, 2008 Author Report Share Posted October 9, 2008 I sure hope this is the case, it'll make Mothers house cheaper What it'll cost me now: 420,000RMB = $61,403At 7.84 exchange it would be $53,571 I think one of us may be confused Jim... and it would not surprise me at all to learn that its me... however by the RMB going up against the dollar you'll end up paying more for Mother's house... Link to comment
Randy W Posted October 9, 2008 Report Share Posted October 9, 2008 I sure hope this is the case, it'll make Mothers house cheaper What it'll cost me now: 420,000RMB = $61,403At 7.84 exchange it would be $53,571 I think one of us may be confused Jim... and it would not surprise me at all to learn that its me... however by the RMB going up against the dollar you'll end up paying more for Mother's house... It took you NINE minutes to type this? (I saw that you had started posting when I had finished mine) Link to comment
Guest Mike and Lily Posted October 9, 2008 Report Share Posted October 9, 2008 Here's the future of the US Dollar: http://i36.tinypic.com/24d0rp1.jpg Link to comment
rogerluli Posted October 9, 2008 Author Report Share Posted October 9, 2008 I sure hope this is the case, it'll make Mothers house cheaper What it'll cost me now: 420,000RMB = $61,403At 7.84 exchange it would be $53,571 I think one of us may be confused Jim... and it would not surprise me at all to learn that its me... however by the RMB going up against the dollar you'll end up paying more for Mother's house... It took you NINE minutes to type this? (I saw that you had started posting when I had finished mine) Hey I'm trying to work here ya' know... Link to comment
JimS. Posted October 9, 2008 Report Share Posted October 9, 2008 (edited) Oops Wrong way - a 14% increase in the RMB would put the exchange rate at 6.02 - and the value of her house at $69,767CRAPI think one of us may be confused Jim... and it would not surprise me at all to learn that its me... however by the RMB going up against the dollar you'll end up paying more for Mother's house... I'm wrong, I just read the article. Yes they are talking about making the yuan/renminbi stonger. But it's going to be a tough call as they kind of pointed to in the article. Yes they would gain from a stronger yuan with what the US owes them, but for the last 2 years exports have been dropping. At the rate it's dropping it's going to cost alot of jobs in the next year. With exports holding most of the jobs and income for the nation, I don't think that they will let it move to much. So mothers house shouldn't cost me much more. Edited October 9, 2008 by JimS. (see edit history) Link to comment
carl.hops Posted October 9, 2008 Report Share Posted October 9, 2008 Lets hold off on that until I arrive in November shall we? Link to comment
Corbin Posted October 10, 2008 Report Share Posted October 10, 2008 Here's the future of the US Dollar: http://i36.tinypic.com/24d0rp1.jpgI thought it was already there and we were just trading worthless paper with the hope that it will really buy us something of value...... Link to comment
JimS. Posted October 10, 2008 Report Share Posted October 10, 2008 Here's the future of the US Dollar: http://i36.tinypic.com/24d0rp1.jpgI thought it was already there and we were just trading worthless paper with the hope that it will really buy us something of value......Actually the dollar is trading stronger against the EURO and the pound.That kind of surprises me with the way the market has taken a dive. Link to comment
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