Euro does a nose dive against the IQD

[Dutch Boy]

Today, at approximately 12:00 noon GMT, the Euro took a nose dive against the IQD:

Welcome to the Euros to Iraqi Dinar page, updated every minute between Monday 00:00 and Friday 21:00 GMT.

1 EUR = 1427.6096 IQD

The EUR IQD currency rate as of 29 Nov 2010 at 4:39 PM.

http://www.exchangerates.org.uk/Euros-to-Iraqi-Dinar-currency-conversion-page.html

Earlier in the day it had been around its usual 1667.00+/- whare it has been for several months.

[Chefboyrd]

Looks like there could already be some big players on the FX market. The info above is what it looks like to me

[PacoTaco]

could be good news!

[mcjocky1]

IRQ-GBP=0.00059 started at 0.00051 IRQ-USD=0.00092 started at 0.00081 IRQ-EUR=0.0007 started at 0.0001. Hardly moved at all last week so nice to see some new numbers on a Monday.

Edited November 29, 2010 by mcjocky1

[meatmen4dinar]

WHAT DOES ALL THIS MEAN?? Come on lets be realistic, we have seen fluctuations MANY times in the last few months so,WHAT DOES THIS MEAN ???? What's different about this time that we haven't seen before??Anyone???? Other than a bunch of newbies, I see no difference. Sorry , but we have been through this excitement before!!

[mcjocky1]

Excitement !! what excitement. Just a statement of fact my friend. The post only serves to prove that the movement is minimal and nothing else was implied. 23rd Sept doesnt exactly make you methusella. No offence.

[meatmen4dinar]

No offence taken. Just only joined then, been reading long before!! By the way, no offence meant!!!!!!!!!!!!!!!!!!!!!!!GO RV !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[mcjocky1]

No probs my friend. A friend of the family invested 6 Yrs ago and has kept us in the loop as far as we were then interested. Took the wife and I a loooonngg time to take the plunge and invest but we are now part of this madhouse. There are only a few hours in the day when we are not on the computers or laptops if out from home so you can glean usefull information if you try. We are all biding the time till the RV . Be lucky friend.

[xxxgator]

I would say it's being adjusted because The european union has has received another bailout from the Imf to Irland.THE european union's money [ the euro] is more than likely going to see some volitility as they work it out.Their have been no public auction's of dinar in over a month.Although i beleive the figures posted here arre showing a small gain in the euro's and USD's buying power.We want it to go the other way Peace

[earjockey]

I would say it's being adjusted because The european union has has received another bailout from the Imf to Irland.THE european union's money [ the euro] is more than likely going to see some volitility as they work it out.Their have been no public auction's of dinar in over a month.Although i beleive the figures posted here arre showing a small gain in the euro's and USD's buying power.We want it to go the other way Peace

Good point gator. Bailouts erode the value of currency and the current announcement regarding Ireland and the speculation of Portugal could have easily been the cause of the fluctuation.