XE Moved Today

[Synopsis]

www.xe.com had been stuck on 1,106.37 IQD = 1 USD since May 11, 2016 (as far as I can tell).  Just now (3:00 pm CDT Wednesday, July 6), www.xe.com showed 1,181.00 IQD = 1 USD that is centered between the www.cbi.iq website Sell/Buy of 1,182.00/1,180.00.

Maybe another monetary exchange mechanism is being cleaned up globally.  Although the IQD appears to be losing value according to www.xe.com, I think it is a good sign that exchange rates are aligning with the CBI rates.

[Theseus]

Did it leave a forwarding address?

[new york kevin]

41 minutes ago, Synopsis said:

www.xe.com had been stuck on 1,106.37 IQD = 1 USD since May 11, 2016 (as far as I can tell).  Just now (3:00 pm CDT Wednesday, July 6), www.xe.com showed 1,181.00 IQD = 1 USD that is centered between the www.cbi.iq website Sell/Buy of 1,182.00/1,180.00.

Maybe another monetary exchange mechanism is being cleaned up globally.  Although the IQD appears to be losing value according to www.xe.com, I think it is a good sign that exchange rates are aligning with the CBI rates.

Nice that it is moving, maybe. I disagree that the exchange rates being in alignment with the CBI rates is a good thing. The exchange rates of the Zimbabwe currency is in alignment with its CBI rates, and they aren't going anywhere soon cuz their gdp, export rates, policies and procedures are reflective of their currency's value. What makes this IQD investment potensionally viable is the economic belief that the current IQD rates are not truly reflectivery of its value when you factor in its petro-dollars, USD in reserves, Gold reserves, it's emerging diverse economy. Recall that the GOI is expanding its agriculture base. As a  result,  Iraq no longer has to import flour to meet the needs of the citizenry. 

[sandfly]

Thanks 

[TLHUBER]

I find this interesting. I thought it was in 2011 or 2012 is when the IQD moved to 1106. Why is it moving in the wrong direction?

Edited July 7, 2016 by TLHUBER

[DoD]

Stronger dollar....

[vomer]

Some sheik fell off his camel and his elbow hit the button.