Forex PHP to USD exchange rate Nov, 2020 - Philippine ...

Going to Mexico in a couple of weeks, just need a couple hundred dollars in cash for tips ect, what's the best idea? Change at the bank or FOREX office? to USD or Peso?

Help
submitted by King-Meng to PersonalFinanceCanada [link] [comments]

[Econ] Reality is an illusion the universe is a hologram buy gold buy!

[Secret--everything about China's FOREX reserves is a state secret, but consider everyone as knowing vaguely the contents of this document as people IRL know about China's FOREX reserves]

With there being a desperate need for the yuan to be devalued, and the dollar falling to new lows, China is in a somewhat odd situation. Domestic efforts are already underway to buy [dollar-denominated] oil and support inflation; but foreign efforts are also needed.

And no, we aren't dumping US treasuries. That would be very dumb to do right now.

China's foreign exchange reserves are some of the largest in the world, and we intend to make them larger. The new target is $5 trillion [up from $4 trillion currently [M: I'm assuming organic growth from the $3.15 trillion]]. This will help drop the value of the yuan and raise the value of other currencies, improving our export situation. The question then follows, however--what is it that we are going to buy?

$500 billion--half of the new accumulation--is going to go into gold. No, we haven't turned into goldbugs all of a sudden. It's that holding other currencies has distinct disadvantages, and buying gold ensures that we have a solid backstop if the other major currencies in our portfolio--particularly the dollar--devalue. This should also force down the yuan in foreign exchange.

The rest of it will be split in half. $250 billion will go into Euros. $100 billion will go into Yen; $50 billion will go into pounds, and the remaining $100 billion will be split up in a basket of emerging currencies from countries without major commodity exports--for instance the Argentine peso and Bangledashi Takra--which should both diversify risk [though these currencies will still represent a tiny portion of our basket] and strengthen the currencies of emerging markets that could potentially compete with our vast economy.

This program has no defined end date but is expected to take place over the next several years, with purchases being reduced or increased to help meet the new 4% inflation target.
submitted by AmericanNewt8 to Geosim [link] [comments]

Forex baby steps

Is doubling your investment in a span of 3 months (hypothetically, atleast 20,000 pesos/400 dollars ) sound like a feasible goal in forex? Also any recommended brokers? I kinda find CMC very complicated to use.
submitted by theguyyoudontwant to phinvest [link] [comments]

GBP/USD forecast: Pound stays calm

GBP/USD forecast: Pound stays calm

Fundamental Pound forecast for today

Sterling is focused on foreign factors and ignores domestic negative data

The GBP is still moving according to foreign factors because of the lack of important events in the economic calendar and expectations of the virtual gathering of the world’s central bankers in Jackson Hole. Investors pay no attention to the negative factors associated with Brexit, twin deficits (budget deficit and current account deficit), and the first-ever excess of the UK national debt over £2 trillion. Forex analysts suggest that if the euro breaks higher than $1.2 and moves on towards $1.25, the sterling will easily reach $1.35.
The options market is surprisingly stable without any response to Brexit issues. A year ago, the pound volatility will higher than that of the Mexican peso, and the market was shaken. The sterling volatility over the next 3 months is below the average for the last 5 years and slightly above the euro volatility. Taking into account that the EU-UK talks are close to the critical point, the market stability looks surprising. It suggests that either investors are confident in a soon Brexit deal or they do not expect that any of the parties will add uncertainty. However, a 60% likelihood of a Brexit deal doesn’t rule out a 40% chance of a no-deal divorce. It seems that after any failure in the previous negotiations, investors expect a breakthrough in each next round.
According to JP Morgan, a no-deal Brexit will contract the UK GDP by 5.5%, and the UK economy is already in a recession. There are several bearish drivers for the sterling. The twin deficits, the Conservatives’ discontent with the growth of the UK national debt, the second wave of COVID-19 in Europe, and the potentially vulnerable labor market due to the expiration of the financial aid package in October. According to Bloomberg, the programs, which have protected four million jobs should end in October. That could hit the labor market, slow down the GDP in the fourth quarter, and result in a boost of the UK QE by £100 billion.

Dynamics of UK jobs supported by state programs


Source: Bloomberg
So, the pound has many flaws. However, it has caught the tailwinds and responds to the increase in the global risk appetite and the Fed’s willingness to weaken the US dollar through the average inflation targeting. Nonetheless, Jerome Powell may not announce such a plan in Jackson Hole. Furthermore, the S&P500 may not be close to the all-time highs for a long time. According to the majority of 200 experts surveyed by Reuters, global stock indexes at the end of 2020 are likely to be lower than the levels hit in February, which means a correction down from the current levels.

Dynamics of GBP/USD and S&P 500


Source: Trading Economics
In my opinion, investors ignore the UK's negative domestic factors because they are focused on Powell’s upcoming speech. If he announces the Fed’s average inflation targeting, the GBP/USD may break through the August highs and continue rallying up to 1.337 and 1.35. Otherwise, the sterling could go down below the support at 1.315.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/gbpusd-forecast-pound-stays-calm/?uid=285861726&cid=79634
submitted by Maxvelgus to Finance_analytics [link] [comments]

How to get rid of Paypal low conversion rate

Hi everyone,
Video Link:
https://www.youtube.com/watch?v=J2vCFtg1zOM&feature=youtu.be&fbclid=IwAR0yPc7zL1_6pV9ejU-EMYg8Jb-Wm16vJ-Z7wrx7s2Qd9-6c0K9w0ZBtcfM
Context: Withdrawing funds using local bank Forex conversion instead of PayPal conversion
PayPal around 48 PHP something per 1 USD
Local bank around 50 PHP something per 1 USD
I just recently found out this video in YouTube. I just want to ask if anyone tried this using their peso account or maybe a dollar account. What bank did you use with it?
I tried following the video and sent a message to the PayPal customer service. After few hours, a representative asked for an account validation to proceed the dollar method request. I haven't tried withdrawing yet so I cant confirmed that it is working. The bank I used here is Union Bank
Just wondering if I have a local dollar account I can withdraw PayPal funds in dollar straight to my dollar account without any conversion.
I've been using PayPal for a long time to receive international payments. As far as I know PayPal automatically converts USD to PHP before it goes to your local bank, which is not good as the rate is super low compare to standard Forex.
submitted by daryllespanola to phinvest [link] [comments]

WTB USED Skateboard DECKS

Foreword, DM me if your interested name is MATT, the brand is BYAKKOTAI skateboards, and IM just an amateurist idea at the moment.
I am painter, songwriter, poet, fighter, amateur painist, ukuele player, and try to jui-jitsu with the best I can find. OHH and I longboard around town when I find the time. I Will pay appropriate amount of mexican pesos, according to board quality for a used skateboard deck. Im looking for boards that can be repainted to my brand and put on display to be sold over the internet. I also will take longboards and completes and will pay more.
I do forex trading, cyrptocurrency as well, and the reason I believe I should pay for the boards with pesos is because of the trickle down effect in economic theory. On several sides like dice rolling, you can see how it's benefitial to each party, I have pesos +, you want pesos +, double positive there. Not only that, if you want something to change be the change. I think that there should be a wider economy and better trade patterns across communities. Not only that I firmly believe in the US valuation of currency that what is a dollar amount is always a dollar amount, and that I dont have to wait to see value in my money, and by sheer effort and will power I can get what I need. Call my idea, CASH CASH REVOLUTION, but be my guest, send a picture of your board, how much you want for it, etc etc.
submitted by Budget-Place4345 to NewSkaters [link] [comments]

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submitted by GiuliettaShop to Popify [link] [comments]

BPI Invest US Equity Index Feeder UITF now multi-class/multi-currency - USD/PHP

Info now out on the BPI's peso-denominated US equity feeder fund. Created an update post for more visibility. Original post by u/jmnativ: https://www.reddit.com/phinvest/comments/dsb38b/bpi_amtc_is_launching_a_new_fund_bpi_invest_us/
It's simply the Peso version of their US Equity Index feeder: https://www.bpiassetmanagement.com/pages/bpi-us-equity-index-feeder-fund that uses the SPY ETF. It has the same fee structure:
Trust Fee 0.7500% per annum payable to the Trustee, BPI AMTC
Custodianship Fees 0.0084% payable to the Third-Party Custodian of the Fund, Bank of New York Mellon
External Auditor Fee 0.0082% payable to the External Auditor of the Fund, Isla Lipana & Co.
Broker's Fee 0.0300% payable to the brokers / dealers for the buying / selling of shares / units of the Target Fund
Total 0.7966% (at least, if other expenses like taxes are not included)
Note that SPY's gross expense ratio by itself is 0.0945%
Investment amounts:
Unit Classes Class A (USD Class) Class P (Philippine Peso Class)
Minimum Initial Investment USD 1,000 PHP 50,000
Minimum Transaction Amount USD 500 PHP 10,000
From their FAQ:
If I invest in Unit “Class P” and the general consensus is stronger or weaker USD against major currencies, how will this affect me as an investor?
As a Unit “Class P” investor, should the US Dollar strengthen against the Philippine Peso, you stand to benefit on stronger US Dollar due to unrealized foreign exchange gains. On the other hand, should the US Dollar weaken against the Philippine Peso, you may experience additional volatility due to unrealized foreign exchange losses.
Note, however, that the NAVPU of the unit classes also reflects the daily marking-to-market of the underlying investments of the target fund. As such, we emphasize that clients are not encouraged to subscribe into the BPI Invest US Equity Index Feeder Fund Unit “Class P” to hedge foreign exchange risk. Unit “Class P” was designed primarily to provide convenient access to global outlets for investors with Philippine Peso.
---
So ultimately, it just provides the convenience that you don't have to buy USD to invest. The minimum transaction amount is also lower. The exchange risk is there whether you invest in USD or PHP... if you eventually will spend the investment proceeds in PHP. If one can buy and sell USD at better than bank rates, it may be better to invest in USD fund since BPI probably earns a little bit more on the forex spread.
I guess BPI just has to be clearer when stating the performance of the USD class and the PHP class, since the latter also effectively includes the exchange rate performance of USD vs PHP.
submitted by AmbisyosongAhedres to phinvest [link] [comments]

Credit Card Foreign Txn Conversion Rates (RE: Changes to Citi's Card Agreement and sane alternatives)

2 days ago, Citi Card users were greeted with changes on their agreement effective December 1, 2019. One thing that is glaring to me is the "clarification" on converting transactions charged in foreign currencies:
For transactions in foreign currencies other than US Dollar, the amount will first be converted to US Dollar before being converted to its Philippine Peso equivalent.
I'm certain that before I left the country, I knew their 3.525% fee and there was no mention of converting from other currencies to USD, then to PHP. Whether this was intentionally done to screw their users over or not, this changed my opinion of ever using Citi Cards for Forex Txns, especially that I'm out of the country and rely on cheap exchange rates.
I have another card with BDO, it says that they have a 1%+1.25% FETF. It is not certain though that they directly convert from other currencies to PHP directly, which I will clarify tomorrow. Anecdotally, BDO and Citi has lows and highs with their FETFs, but has ill-explained transparency of the exchange rates.
So what do you guys think of this? Should I dump all my expenses to BDO? or both banks are just as the same and there's no real "cheap" alternatives? Citi is supposed to be a larger bank, but they're charging 3.525% over BDO's 1%+1.25?
submitted by Apache_Longdong to phinvest [link] [comments]

11-04 14:33 - 'DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN' (self.Bitcoin) by /u/xia112 removed from /r/Bitcoin within 3-13min

'''
• The indivisible minimum KRATSCOIN unit is 0.00001 instead of 0.00000001 to denominate realistic currency rates in FOREX. Denomination cannot be determined or dictated by the value of a currency. If KRATSCOIN is valued at USD10,000.00 then the smallest unit of KRATSCOIN at 0.00001 = USD0.10 and nothing smaller than USD0.10 in KRATSCOIN.
Example: If USD1.00 = THB30.00 and the smallest denomination of USD is USD0.10, then a USD0.10 which is THB3.00, is unable to buy a piece of candy at THB1.00. Thus the USD must be converted into a smaller currency of THB in order to buy the THB1.00 candy.
• KRATSCOIN is in-line with standard International Foreign Currency Exchange Practice at indivisible minimum unit 0.00001.
• Each KRATSCOIN is equipped with a 13 digit “SERIAL CODES AND NUMBERS” and there will be a total of 2,100,000,000,000 SERIAL CODES in total.
Example1: 1st KRATSCOIN = AKDJFYRS.00000 Example2: 1st Fraction from 1st KRATSCOIN = AKDJFYRS.00001 Example3: 2nd Fraction from 2nd KRATSCOIN = AKDJFYRS.00002 Example4: Last KRATSCOIN = DLXVZKWR.00000 Example5: 1st Fraction from Last KRATSCOIN = DLXVZKWR.00001 Example6: 2nd Fraction from Last KRATSCOIN = DLXVZKWR.00002
• In Year 2015, Silk Road in DeepWeb utilization of Bitcoin in their transactions amounts to USD1.2billion spanning over 950,000 users. One may argue that Bitcoin is most utilized by the black market, which then maintains its value and worth among other factors. However, the USD1.2bil a year over 950,000 users are far fetch from the Legitimate Users in comparison. Bitcoin transactions runs into USD40.0bil in recent Legitimate Crypto Exchanges. In summary, legitimate transaction of crypto currencies is many times larger use in illegal transactions.
DIFFERENCE BETWEEN FIAT AND CRYPTO:
• Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver.
• Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com.
• What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it.
• There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency.
• A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht.
• It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases.
• In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms.
KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities.
An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports.
Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities.
SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers.
In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting.
Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties.
• Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact.
• Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”.
• In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win.
• Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships.
• But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry.
• Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial.
• The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels?
• With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date.
• If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies.
• Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile.
• In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations.
• Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection.
• By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act.
• As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private.
• Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet.
• Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets.
• Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails.
• “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com.
• Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse?
• Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN.
"Quoted by" [[link]6 [[link]7 [[link]8 [[link]9 [[link]10
'''
DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN
Go1dfish undelete link
unreddit undelete link
Author: xia112
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Unknown links are censored to prevent spreading illicit content.
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Argentina sets floor under peso as reserves dwindle

This is the best tl;dr I could make, original reduced by 56%. (I'm a bot)
BUENOS AIRES - Argentina's central bank is setting a price floor under the volatile peso in hopes to avoid a sharp plunge in the currency after an opposition-won presidential election last Sunday shifted the country firmly back to the left.
The peso edged up on Thursday to 59.68 per dollar, with the central bank offering U.S. currency in the exchange market at a fixed 59.99 pesos per greenback, effectively putting a floor on the trade.
Authorities have also been rushing to stem a sharp decline in foreign currency reserves, after spending about $22 billion to defend the peso since business-friendly leader Macri was defeated heavily in an Aug. 11 primary election.
Argentina central bank president Guido Sandleris pledged on Monday to do everything possible to protect the bank's reserves, as the South American country transitions to a new leftist government amid a swirling economic crisis.
The country's creditors say fears are rising that reserves could run out, even as the country looks to restructure around $100 billion in local and overseas sovereign debt.
The central bank announced it would tighten a restriction on dollar purchases to $200 per month for individuals, down from $10,000 a month, until December, in order to protect forex reserves.
Summary Source | FAQ | Feedback | Top keywords: bank#1 peso#2 reserves#3 country#4 Argentina#5
Post found in /worldnews and /Economics.
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Mga pasimuno ng sisiw investment scam timbog! SGP DRAGON TRADING / DRAGON GRANDEUR CORP. AND REQUIZA POULTRY CERTIFIED SCAMMERS!

Mga pasimuno ng sisiw investment scam timbog! SGP DRAGON TRADING / DRAGON GRANDEUR CORP. AND REQUIZA POULTRY CERTIFIED SCAMMERS!
  • INVESTMENT SCAM!
\"SGP DRAGON TRADING / DRAGON GRANDEUR CORP. AND REQUIZA POULTRY\"
\" CERTIFIED SCAMMERS \"
NBI special action forces with the help of SEC conducted a company raid on Dragon Grandeur Corporation currently owned by the name of Kieran Parson. The said company was rumored to be an investment scam which was proved by the raid. Dragon Grandeur Corporation was advised by SEC that they must not accept any investors, money, or conduct seminar without them knowing it, but the company still insist of accepting any investors to make money. The company was filled with employees coaching an investor who’s trying to learn Forex trading before investing to learn more on the tradethat was happening on the company’s Facebook page. The promise made by Dragon Grandeur Corporation to all its target investors was very interesting since you only need to put money on their company and you’ll receive a set percentage of the money coming in from the company’s live trading, assuming that you invest 1k to 300k pesos 1 to 1.5% is your guaranteed income in dollar currency every day, you can also view the movement of your investment through the dashboard that the company will provide after signing the Memorandum of Agreement and the amount of investment money. The percentage also rises the more you invest to their company, you can also make money by inviting any potential investors, the more you invite, the more you receive.
READ THIS ARTICLES FROM " ABS-CBN "
https://news.abs-cbn.com/news/08/16/19/mga-pasimuno-ng-sisiw-investment-scam-timbog
They also conduct free seminar about Forex trading for their investors so that they can mask their grotesque intentions. The company streams their live trading on their Facebook page every 10pm PH time, but it’s so confusing to watch without proper knowledge since you only follow the flow of charts flying all over the software used by the company. Unfortunately, The CEO/President of the company “Kieran Parson” was not present on the day of the raid, the employees of the company were arrested under the Securities of Exchange Code and Falsification of Documents. On the other hand, NBI and SEC also raided Requiza Poultry because of a suspicious advertisement reported by a potential investor that you’ll get 50% worth of income when you buy chicks to their company.
https://preview.redd.it/ogplebbzqrh31.jpg?width=1242&format=pjpg&auto=webp&s=1c42f058e9b39a4968528751a94a97faa5fd80cf
That statement became Requiza’s downfall because of the exaggerated percentage of income you will receive from them in a span of 60 days. Darlito Dela Cruz Marquez and his minions are still on the loose! No matter how many companies the authority raids, he can still build a company on any person’s name. We must stay vigilant at all times because we cannot differentiate a sheep and a wolf wearing sheep’s hide. He can blend in anytime, while waiting for the perfect chance to strike and sink its fangs to its victims.
  • WATCH THE FULL VIDEO :
https://www.facebook.com/antiponzi/posts/2392249041032813
https://www.facebook.com/antiponzi/videos/1366084693547826/
This is a warning to everyone trying to invest on companies mentioned by this article. In order to know the legitimacy of a company, we must not base our conclusions to hearsay, rumors, or people that benefits on a certain company. Securities and Exchange Commission is the only way of proving that a company is legit and is safe to invest your money into.
  • LIST OF SCAM BUSINESS :
https://www.facebook.com/requizafarmph/
https://www.facebook.com/Dragonchannelcorp/
ANTI PONZI SCAMMERS!
submitted by ajyap11 to u/ajyap11 [link] [comments]

Yuan, Australian dollar gain on upbeat China factory survey

This is the best tl;dr I could make, original reduced by 66%. (I'm a bot)
TOKYO - A surprise improvement in Chinese factory activity supported the yuan and Australian dollar on Monday, and provided a broader boost to global investor confidence, helping the dollar gain against the safe-haven yen.
That pushed the Australian dollar, often seen as an investment proxy for Chinese economic prospects, 0.15 percent higher to $0.7107.
The Chinese yuan also gained 0.2 percent in offshore trade to 6.711 to the dollar.
The U.S. dollar rose 0.15 percent to 110.93 yen, extending its advance from the 1-1/2-month low of 109.70 it touched a week ago.
The Mexican peso gained 0.4 percent to 19.347 to the dollar while the South African rand gained more than 1.2 percent to 14.317 per dollar.
The Turkish lira eased 0.9 percent to 5.591 per dollar after President Tayyip Erdogan's ruling AK Party was set to lose control of the capital Ankara for the first time in a local election and he appeared to concede defeat in the country's largest city, Istanbul.
Summary Source | FAQ | Feedback | Top keywords: dollar#1 percent#2 low#3 Chinese#4 trade#5
Post found in /worldnews.
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Currency Decay is Spreading from Turkey and Argentina: The Bearish bets on Indian rupee, Indonesian rupiah at highest in years

This is the best tl;dr I could make, original reduced by 65%. (I'm a bot)
Bearish bets that the Indian rupee will weaken rose to their highest level in five years over the past two weeks, a Reuters poll showed, as the unit hit fresh lows, while most emerging currencies reeled from dollar strength and trade tensions.
On Thursday the rupee breached a psychologically important mark of 72.00 for the first time on lack of supply of dollars in the forex market.
The rupiah, which was 0.2 percent stronger against the dollar on Thursday afternoon, has fallen nearly 10 percent this year and has been hovering around levels last seen during the Asian Financial Crisis 20 years ago.
Bearish bets on the Singapore dollar remained largely unchanged, while those in the Chinese yuan decreased marginally.
The People's Bank of China is likely to increasingly intervene to support the currency over the coming year if the dollar remains strong and trade pressures persist, a separate Reuters poll found.
The Reuters survey is focused on what analysts believe are the current market positions in nine Asian emerging market currencies: the Chinese yuan, South Korean won, Singapore dollar, Indonesian rupiah, Taiwan dollar, Indian rupee, Philippine peso, Malaysian ringgit and the Thai baht.
Summary Source | FAQ | Feedback | Top keywords: dollar#1 currency#2 Bank#3 Market#4 year#5
Post found in /Economics.
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Daily Market Overview 31 October 2018

Daily Market Overview 31 October 2018
Australia
After a discontinuous session, the ASX 200 index completed an increase of 0.4% to 5,830.3 when it was headed by banks and energy companies. Nevertheless, the ASX 200 fell for the second month in a row, decreasing by 6.1%, and fell in terms of financial and resource reserves. This year, the index fell by 3.9%, and in the past two years, food has stabilized. For the day, ANZ rose 1.1% after its earnings for the whole year met expected expectations. AMP combined 6.9%, while the NIB insurer received 6.3% after updating the revenue guide.
USA
The technically heavy Nasdaq Composite rose by 2.7%, although it fell by about 8.5% in October and was on its way to the worst month since 2008. The S&P 500 gained 1.9% and was on pace to rise to successive sessions for the first time since September 20, but still marked the largest one-month drop in more than six years. The Dow Jones Industrial Average rose 406 points, or 1.6%, to 25281, reducing its October drop to about 4.5%. Facebook climbed 4.6%, and Netflix, Alphabet, and Amazon added at least 5%.
Forex
The WSJ dollar index, which measures the US currency against a basket of 16 others, rose less than 0.1% to 90.91. The dollar rose 0.2% against the euro and bet 1.1% on the Mexican peso. Futures on futures on federal funds, which investors used to bet on central bank policies, showed a 32% chance that politicians would increase at least three times by the end of June, compared with 28% on Tuesday.
Europe
European stocks rose 1.3%, as the positive sentiment after optimistic trading in the US and Asia outweighed weak European economic data. The Stoxx Europe 600 rose 4.58 points to 360.11, while the DAX increased 1.1% and the CAC 40 rose 2%. Austrian oil company OMV is one of the largest risers, which is 5.8% higher than solid 3Q results.
Asia
The Japanese Nikkei rose 2.1% after convincing earnings reports after Tuesday’s close. In October, the official PMI was 50.2% compared with the consensus of 50.6 and 50.8 for the previous month, which is the lowest since July 2016. The non-financial PMI index showed a similar weakness - 53.1 against 54.1 in September, which is the lowest in 14 months. Despite this, Chinese stocks rose, while the Shanghai Composite rose by about 1.3% and the smaller - the Shenzhen Composite - by 1.3%. The Hang Seng index in Hong Kong also grew by 1.6%, and Sunny Optical - by 5%, AAC - by 4.7%. Tencent rebounded by more than 5%, AIA added 1.8%, and Xiaomi rose 4%.
Read more: https://www.facebook.com/294693984421347/photos/a.295490831008329/339161073307971/
https://preview.redd.it/af8fthdovov11.png?width=700&format=png&auto=webp&s=34eb7edd3d53f3ca553fa3fc9bc564949d4faee9
submitted by Markets-Cube to u/Markets-Cube [link] [comments]

Daily Market Overview 1 October 2018

Daily Market Overview 1 October 2018
USA
US stocks rose on the first day of the fourth quarter after the US and Canada finished last minute at the end of Sunday to revise the North American Free Trade Agreement. The Dow Jones Industrial Average rose by 192.90 points, or 0.7%, to 26651.21, increasing advances after the publication of its largest figure for the quarter of the year. The S&P 500 climbed 10.61 points, or 0.4%, to 2,924.59, stopping almost to a record level, while the Nasdaq Composite fell 9.05 points, or 0.1%, to 8,037.30, which caused by losses in a number of biotech stocks.
Oil
Oil for November deliveries rose by 2.05, or 2.8%, to 75.30 per barrel on the New York Mercantile Exchange, reaching the highest level since November 2014 and releasing the multi-year peak for the first time since June. Brent crude, the global benchmark, added 2.25, or 2.7%, to 84.98, and reached a nearly four-year high. Rates that large manufacturers, such as Saudi Arabia, will not be able to easily fill the supply gap, pushed both US and global prices by about 25% per year.
Forex
The Canadian dollar soared on the news: one dollar last bought C 1.2799 versus C 1.2911 on Friday evening in New York. The Mexican peso was trading at the strongest level against the dollar. The dollar received 18,724 pesos in recent trade, compared with 18.7135 pesos. The US dollar index ICE, rose 0.2% to 95.279. The dollar rose to Y113.95 versus Japanese yen from Y113.69. The euro is trading at 1.1578, compared with 1.1616 on Friday. The dollar has slightly changed compared to the major competitors after the Institute for Industrial Supply Industrial Supply Index fell to 59.8% in September from 61.3%.
Asia
The Japanese Nikkei drove to a weaker yen to a 27-year close high, and trade problems were postponed in Taiwan, as this market scored a maximum of 1 month. The worst market was the Philippines, which is 1% below the September minimum by 7.4%, which is the most in two years. The Nikkei rose 0.5%, while the Kospi index in Korea fell 0.2%. S&P BSE Sensex rose 0.8% to 36,526.14. Shares of the bank led to growth, while the bank "Yes" jumped by 9.7%, and the State Bank of India and ICICI Bank rose by 3%. Taiex rose 0.4% to 11051.80, the highest close since August 31. Lens manufacturer Largan Precision, which fell 23% in September.
Read more: https://www.facebook.com/294693984421347/photos/a.295490831008329/328674587689953/
https://preview.redd.it/dmd7fff0fqp11.png?width=700&format=png&auto=webp&s=ff39d54b47ffa5f72500f3b5af576f975b050e51
submitted by Markets-Cube to u/Markets-Cube [link] [comments]

Dollar dips after weak US data, Turkish hike supports emerging currencies

This is the best tl;dr I could make, original reduced by 60%. (I'm a bot)
Emerging currencies, like the South African rand and the Mexican peso, held onto to gains having surged, as investors in emerging markets registered relief that Turkey's central bank had hiked its policy rate to 24 percent to restore confidence in the lira.
The greenback took a hit overnight after the U.S. consumer price index, the government's broadest inflation gauge, rose just 0.2 percent in August and less than the 0.3 percent projected by analysts in a Reuters poll.
The dollar's index against a basket of six major currencies was a shade lower at 94.491 after slipping 0.3 percent on Thursday, when it touched 94.428, its lowest since Aug. 31.
The euro inched up 0.05 percent to $1.1695 after gaining more than 0.5 percent overnight when it brushed a two-week high of $1.1701.
The lira surged after Turkey's central bank raised its benchmark one-week repo rate by 625 basis points to 24 percent on Thursday, in a bid to stabilize the currency, which had slumped to a record low against the dollar a month ago.
Following the lira's rally, the South African rand gained 1.3 percent against the dollar on Thursday and the Mexican peso rose 1 percent.
Summary Source | FAQ | Feedback | Top keywords: percent#1 dollar#2 currency#3 rate#4 gain#5
Post found in /worldnews.
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Investing in dollars instead of pesos?

Yo /ph/, I have a full time job earning pesos and I sometimes earn dollars from side jobs. I have 3 options to consider:
I heard mutual funds in the US yield better especially when they're performing.
None of these options are mutually exclusive. I can do any at the same time, but what makes more sense? How should I weigh them?
Should I just convert all my dollar earnings into pesos and invest locally like a good nationalist? Should I convert my pesos savings into dollars (either by forex or contacts) and invest there? Is investing in dollar funds locally the same as doing it in the US market?
Are there any details I'm missing that makes me sound like an idiot?
submitted by VicboyV to Philippines [link] [comments]

How do you price a USD/Bitcoin forward contract?

I have been lurking for a while and am pretty impressed with the caliber of this forum, so here's my challenge: I am having a hard time seeing how any crypto currency ever overcomes exchange rate volatility. Like most of you I am very excited by the potential of a decentralized currency, but I cannot get my head around the practical conundrum.
The conundrum in a nutshell: liquid debt markets are the sine qua non of stable exchange rates, but volatile exchange rates deter borrowers and lenders from originating Bitcoin-denominated debt.
How can an entrepreneur ever build a Bitcoin-based business if no lenders will quote them an interest rate on a Bitcoin-denominated loan? As a potential investor in a Bitcoin-denominated business, what baseline return would you demand on an investment with a 1-year payback period? How about a 5-year payback period?
If you can’t hedge exposure to Bitcoin volatility then how can you even think about Bitcoin-denominated investments?
Quick primer on using debt markets to price forward currency contracts: the forward discount/premium between two currencies is driven by the ratio of interest rates on deposits, because a decoupling of interest rates and currency forwards would represent an arbitrage opportunity (with turnover of >$4 trillion per day the global foreign exchange market is mind-bogglingly liquid; it reacts swiftly to new information and obvious inefficiencies are quickly traded away).
For example, say the 1-year rates on USD and MEX deposits are 2% and 3%, respectively. If the current (spot) exchange rate is 15 MEX/USD, then the 1-year forward contract would be 15.14706 MEX/USD (15 x 1.03/1.02).
The intuition behind this is that you could simultaneously (i) borrow 1,000 USD at 2%, (ii) trade 1,000 USD for 15,000 MEX, (iii) invest the pesos at 3%, and (iv) lock in the 1-year forward rate of 15.14706 MEX/USD. After one year you would receive 15,450 MEX (15,000 x 1.03), which after settling your forward contract would yield 1,020 US (15,450 / 15.14706), which is exactly what you owe on the original loan (1,000 x 1.02). Total wash.
If the forward rate were anything other than 15.14706 you could generate arbitrage. Another example: if the 1-year rate were 15.1000 MEX/USD then by borrowing 1,000 USD at 2% and investing it as 15,000 MEX at 3% you would end up after a year with 1,023.18 USD (15,450 / 15.1000), which after paying your 1,020 USD loan leaves $3.18 of risk-free profit.
Here’s my point: deep, liquid debt markets are the ballasts of currencies. They stabilize long-term exchange rates so that borrowers and lenders are comfortable committing to long term investment vehicles. If long-term exchange rates are not stable (i.e.; tradable at stable rates) then companies are squeamish about doing business in foreign countries and trade is limited to short-term transactions. This is what we see today in the Bitcoin economy, with merchants swapping out Bitcoins for dollars immediately following their transactions.
This strikes me as a classic chicken/egg problem. For want of a ForEx market Bitcoin can’t develop a debt market, and for want of a debt market the ForEx market will never appear.
Disclaimer: I’m not an economist, but like most of you I have a strong amateur interest in economics. My ForEx background is largely academic (I structure commodity derivatives for a living). My understanding could be completely off base, and I am wide open to being shown my errors.
submitted by what_wags_it to Bitcoin [link] [comments]

Dollar has worst week in over a year amid political uncertainty

This is an automatic summary, original reduced by 52%.
NEW YORK The U.S. dollar fell on Friday, adding to its worst week since April 2016 against a basket of major currencies, and having surrendered the gains made since Donald Trump was elected U.S. president.
The dollar index, which tracks the greenback against a basket of six world currencies, has shed more than 2 percent this week.
Uproar over Trump's recent firing of FBI Director James Comey, who was overseeing an investigation into possible links between the president's team and Russia, has pressured the dollar.
"The dollar overall, across the board, has been getting beat up this week and a lot of that has to do with the political risk here in DC," said John Doyle, director of markets at Tempus Inc in Washington.
The dollar fell 0.3 percent against the yen to 111.14 JPY= and had its first weekly drop in five against the Japanese currency.
The dollar fell 3.3 percent against the Brazilian real BRL=. Oil-linked emerging market currencies like the Mexican MXN= and Colombian pesos COP= and the Russian rouble RUB= gained around 1 percent versus the dollar, also boosted by a rise in oil prices.
Summary Source | FAQ | Theory | Feedback | Top five keywords: dollar#1 percent#2 currency#3 against#4 since#5
Post found in /politics, /worldnews and /news.
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submitted by autotldr to autotldr [link] [comments]

Dollar hits 14-year highs after strong U.S. manufacturing data

This is an automatic summary, original reduced by 46%.
NEW YORK The U.S. dollar rose to its highest in 14 years against the euro and a basket of major currencies on Tuesday after data showed solid growth in U.S. manufacturing.
DXY rose to 103.820, its highest level since December 2002 after data showed U.S. factory activity accelerated to a two-year high last month and construction spending rose to its highest in 10-1/2 years in November.
"That suggests the is going to have to remain active in this kind of environment. So this on the whole is a generally constructive set of data for the dollar here in a time of the year where typically the dollar does quite well."
The euro EUR= fell to a 14-year low against the dollar, dropping to $1.0342 after the data's release.
The dollar gained against the yen JPY= as well, reaching 118.60 yen, its highest since Dec. 15 and just a hair below its highest point since February as a holiday in Japan thinned Asian trading.
The greenback rose to its highest against the Mexican peso MXN= since Nov. 11, the day it hit its all-time high, after Ford Motor Co said would cancel a planned $1.6 billion factory in Mexico and instead invest $700 million in a Michigan plant due to sagging demand for small cars.
Summary Source | FAQ | Theory | Feedback | Top five keywords: dollar#1 highest#2 against#3 data#4 well#5
Post found in /politics and /news.
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submitted by autotldr to autotldr [link] [comments]

Bitcoin Adaption, A First Big Step To Bitcoin Adoption. Lets see pricing in BTC before USD

Promoting BTC as a currency is important.
The Bitcoin Foundation promotes memberships in USD, not in BTC. If there was one organization that should be leading by example, it is the Bitcoin Foundation. Starting the "Adaption" process, getting consumers accustom to seeing Bitcoin as a currency, bits, millibits etc., is important and lends credibility to Bitcoin as a method of payment. For the Bitcoin Foundation to publish membership pricing in US Dollars - $100.00 / $250.00 Personal, $1,000.00 Silver, $25,000.00 Gold and $100,000.00 Platinum is wrong and demonstrates a lack of confidence. Sure they accept Bitcoin. Given their sole purpose is Bitcoin, they should post membership dues in BTC with a realtime converter showing USD subliminally positioned. It would be nice to see that the Platinum membership is 273.8 BTC (today).
CoinDesk is running an ad from DigitalX promoting "Enroll Now Receive $10.00 in Bitcoin". Why cant DigitalX promote "Enroll Now Receive 0.0273 BTC?"
The MIT Project says $100.00 in Bitcoin for every student, why cant MIT say "All Students get 0.273 BTC ($10.00USD at time of print) upon enrollment with a proviso that the BTC amount will be adjusted.
If these example organizations, the Bitcoin Foundation, DigitalX and MIT, there are more, are worried their viewership would not understand the value in USD, we have a BIG problem because their viewership knows and understands Bitcoin and should be accustom to seeing values stated in BTC.
If we want Adoption, we need to focus on the Adaption process.
The public need to start seeing the primary pricing in BTC with the corresponding value in USD, CAD, YUAN, PESO, etc.
There are ways to deal with Forex volatility.
BTC on Main Street, thats the goal.
submitted by BIGbtc_Integration to Bitcoin [link] [comments]

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USDMXN (Peso) Trade Update - So Darn Easy Forex

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