jimctrane Posted November 9, 2010 Report Share Posted November 9, 2010 I receive a phone call today Kuwaiti dinar went 50 cents since last week Can anyone help me prove this also projected rate for Dinar will be 4.23 to 5.23. These are my oilman sources. Thanks for any help. Goooooooo RV! 1 Link to comment Share on other sites More sharing options...
SoldierOfIndependence Posted November 9, 2010 Report Share Posted November 9, 2010 ...wait, Kuwaiti Dinar is at almost 4 bucks now? Whoa... Oilman says IQD will be up to 5.23? I wonder how much of this is because the value of their currencies are gaining, or how much is because our dollar is tanking...I hope it's the former, not the latter, but the news isn't good for us, what with the Fed working on QE2...God help us... Link to comment Share on other sites More sharing options...
prayin4peace Posted November 9, 2010 Report Share Posted November 9, 2010 WHERE DID YOU GET YOUR INFO?? Link to comment Share on other sites More sharing options...
Joe P Posted November 9, 2010 Report Share Posted November 9, 2010 there has been no change of the Kuwaiti Dinar....I am looking at it right now. Actually, the year to date change is -2.23%...that's nominal. Still at $3.557. Link to comment Share on other sites More sharing options...
jimctrane Posted November 9, 2010 Author Report Share Posted November 9, 2010 That's why put this out there so we could prove it wrong or right. My source is an invested but not part of any site. He is apreacher who's family was in on kawaiti dinar and they have contacts supposly in with big oil. But u guys no all about he said she said that's why I post as a? Unless I know for fact! 1 Link to comment Share on other sites More sharing options...
Munsch Posted November 9, 2010 Report Share Posted November 9, 2010 Here is a Google link so you can check yourself if you like on the Kuwait Dinar: http://www.google.com/finance?hl=en&rlz=1G1GGLQ_ENUS345&q=CURRENCY:KWDUSD&ei=_uTYTM7jD8P7lweS_MDPCQ&sa=X&oi=currency_onebox&ct=currency_onebox_chart&resnum=1&ved=0CBcQ5QYwAA Link to comment Share on other sites More sharing options...
Southern Gal Posted November 9, 2010 Report Share Posted November 9, 2010 The last I checked, ezforex had Kuwaiti dinar at 4.01. Bank of America had it at 3.97. I am new to this...hope I used the converter correctly. http://ezforex.com/ Link to comment Share on other sites More sharing options...
carolina.broker Posted November 9, 2010 Report Share Posted November 9, 2010 Relax... stop looking for magical signs in the air. The Dollar is down... so if you're looking at the Kuwaiti Dinar against the dollar it will show higher... 1 Link to comment Share on other sites More sharing options...
legacyman73 Posted November 9, 2010 Report Share Posted November 9, 2010 Kuwaiti Dinar to US Dollar (/KWDUS) /KWDUS quote (delayed at least 60 minutes) 3.56570down -0.00064 -0.02% 1 Link to comment Share on other sites More sharing options...
Fummins Posted November 9, 2010 Report Share Posted November 9, 2010 I receive a phone call today Kuwaiti dinar went 50 cents since last week Can anyone help me prove this also projected rate for Dinar will be 4.23 to 5.23. These are my oilman sources. Thanks for any help. Goooooooo RV! You are about as wrong as wrong can get. 1 4 Link to comment Share on other sites More sharing options...
Randy Lucas Posted November 9, 2010 Report Share Posted November 9, 2010 The last I checked, ezforex had Kuwaiti dinar at 4.01. Bank of America had it at 3.97. I am new to this...hope I used the converter correctly. http://ezforex.com/ The site you qutoe is for purchasing not the same as forex. EZForex is trying to sell you Kuwati Dinars for travel. Their price will be higher! Link to comment Share on other sites More sharing options...
thegente Posted November 9, 2010 Report Share Posted November 9, 2010 OANDA converter says 3.55. And has for the last week or so. 1 1 Link to comment Share on other sites More sharing options...
Snatcher Posted November 9, 2010 Report Share Posted November 9, 2010 there has been no change of the Kuwaiti Dinar....I am looking at it right now. Actually, the year to date change is -2.23%...that's nominal. Still at $3.557. https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=order has it at 1 dinar (KWD) = 4.0494 U.S. dollar (USD)..... Link to comment Share on other sites More sharing options...
Richardk Posted November 9, 2010 Report Share Posted November 9, 2010 I'm looking at XE right now, 3.57 to the US dollar. Stay grounded, calm and be happy. Soon we will all smile. Go RV/RI Link to comment Share on other sites More sharing options...
ShawnW Posted November 9, 2010 Report Share Posted November 9, 2010 (edited) The site you qutoe is for purchasing not the same as forex. EZForex is trying to sell you Kuwati Dinars for travel. Their price will be higher! Yes you are right and wrong, the only place you can buy/sell the kuwait Dinar is at places like those or banks the deal in international currencies, as you cannot trade it. It is pegged to the dollar and not a free float currency. So the point being while the exchange rate "may" still be $3.56, the rate showing at BofA, Wells Fargo, and exforex are all around $4. I personally do not know how long it has been like that or if it has changed recently as I was not watching it. But the rate that everyone can agree on is how much does it cost me to buy 1 Kuwait dinar, and currently that is around $4 (3.96-4.07) If you can find somewhere that is selling it for $3.56 I would like to see it. Now here is another thought completely, could this be pointing to what we might expect to see as a spread. Assuming 3.56 is the buy rate and 3.96 is the sell rate (BofA by the way) This would be an 11% spread I believe, seems reasonable to me....... Shawn Edited November 9, 2010 by ShawnW Link to comment Share on other sites More sharing options...
Traconesu02 Posted November 9, 2010 Report Share Posted November 9, 2010 Thanks for the post jimctrane Once Iraq RV's the US dollar will go back up. 3 Link to comment Share on other sites More sharing options...
karen Posted November 9, 2010 Report Share Posted November 9, 2010 www.xe.com...........very reliable. 1kwd = 3.57xxx today. up about 10 cents in recent memory. forget the eforex unless your a futures trader or has that knowlage, i don't so i rely on xe. just sayin...... Link to comment Share on other sites More sharing options...
doc9574 Posted November 9, 2010 Report Share Posted November 9, 2010 Munsch that outfit is really just way wrong......nothin personal,just sayin Link to comment Share on other sites More sharing options...
Joe P Posted November 9, 2010 Report Share Posted November 9, 2010 https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=order has it at 1 dinar (KWD) = 4.0494 U.S. dollar (USD)..... You do realize, this is not an Forex site? You do know that this is not the same as this...or this... http://netdania.com/Products/live-streaming-currency-rates-foreign-exchange/real-time-quotes/QuoteList.aspx?m=q www.xe.com Link to comment Share on other sites More sharing options...
Snatcher Posted November 9, 2010 Report Share Posted November 9, 2010 You do realize, this is not an Forex site? You do know that this is not the same as this...or this... http://netdania.com/Products/live-streaming-currency-rates-foreign-exchange/real-time-quotes/QuoteList.aspx?m=q www.xe.com Ummm Yes I know... Link to comment Share on other sites More sharing options...
harley1 Posted November 10, 2010 Report Share Posted November 10, 2010 as long as they leave the 0's alone, I dont care what they do. Link to comment Share on other sites More sharing options...
jmw Posted November 10, 2010 Report Share Posted November 10, 2010 Yes you are right and wrong, the only place you can buy/sell the kuwait Dinar is at places like those or banks the deal in international currencies, as you cannot trade it. It is pegged to the dollar and not a free float currency. So the point being while the exchange rate "may" still be $3.56, the rate showing at BofA, Wells Fargo, and exforex are all around $4. I personally do not know how long it has been like that or if it has changed recently as I was not watching it. But the rate that everyone can agree on is how much does it cost me to buy 1 Kuwait dinar, and currently that is around $4 (3.96-4.07) If you can find somewhere that is selling it for $3.56 I would like to see it. Now here is another thought completely, could this be pointing to what we might expect to see as a spread. Assuming 3.56 is the buy rate and 3.96 is the sell rate (BofA by the way) This would be an 11% spread I believe, seems reasonable to me....... Shawn In 2007 they re-pegged it to a basket of currencies instead of the US dollar....but you are correct that it isn't on a float Link to comment Share on other sites More sharing options...
karen Posted November 10, 2010 Report Share Posted November 10, 2010 looks like they want to sell you kwd currency. i sure wouldn't buy at 4.04. when it's value on xe at 3.57. but that's just me. Link to comment Share on other sites More sharing options...
Recommended Posts