1137 to 1 ??????

[bostonangler]

http://www.forex.tradingcharts.com/chart/US%20Dollar_Iraqi%20Dinar.html?chartpair=US%2520Dollar_Iraqi%2520Dinar&ctype=l&movAvg1=&movAvg2=&tz=EST&per=5m⊂=Save

[dontlop]

It's called a managed float

[dontlop]

Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies. It is also known as a dirty float.

In an increasingly integrated world economy, the currency rates impact any given country's economy through the trade balance. In this aspect, almost all currencies are managed since central banks or governments intervene to influence the value of their currencies.

Or not

An exchange-rate regime is the way an authority manages its currency in relation to other currencies and the foreign exchange market. It is closely related to monetary policy and the two are generally dependent on many of the same factors.

The basic types are a floating exchange rate, where the market dictates movements in the exchange rate; a pegged float, where a central bank keeps the rate from deviating too far from a target band or value; and a fixed exchange rate, which ties the currency to another currency, mostly more widespread currencies such as the U.S. dollar or the euro or a basket of currencies.

Could be pegged

Could be fixed

[Texas1]

My dinar resembles a floater.......

stinky

[kenshin7]

chart almost looks like  a ekg ,,,,,,,,,,,,,,,, from all the gurus stress

[bigwave]

How about 1137 to 1.137??? 

 

Sounds pretty good to me.

[bostonangler]

Thanks dontlop... I'm just hoping it continues to go down.

 

 

B/A