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KWD RATE - JUST CHANGED - maybe IQD next


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Yes. They said that before! They can't bear another country being monetarily stronger than them. GLTY and all. Go RV.

Iraq is on attack mode. Great find. Wow. I hope it sticks. Thanks again.

'tamiflyer',

Thank you and I believe this a great sign of things to come!!!!

GG

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I was told early on that when the Iraq dinar RV'd it had to be close to Kuwait's rate..if memory serves me I believe the Iraq dinar couldn't RV higher than Kuwait's currency. So if Kuwait's currency just moved up......boys and girls this is a good sign!!!!!! :rolleyes:

NOW R VVVVVVVVVV DANG IT

Dame

Yay! I hope you are right.

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This is due to the weaker Dollar. All major world currencies, not just the KD are strengthening against the Dollar. This trend will continue until the Dollar finally collapses.

After LOP & RV, there may still be more to be made off of the ID as the Dollar weakens against it. Cashing in right away after RV may mean settling for less over the long run.

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Awesome find! Its all relevant!

Sorry but it isn't. I wish it were so. All currencies are backed against the dollar and our dollar fluctuates every day. This is normal. Go back and look at a monthly chart of the Kwd and you will see.

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As I stated you should look at the change relative to various currencies and not just the change in reference to the USD. The USD reached a big low so all currencies pegged to the USD gained value. NOT JUST THE KWD. I hate it when people not involved with forex trading get others hopes up like this without doing adequate research. I have been doing this nearly 10 years.

Also, though the KWD rose against USD there were at least three currencies where the value of KWD dropped. In a currency pair, when one currency falls or rises the currency pegged to it does the opposite. That is why the KWD did not rise in value in several non-USD pairings. Now, if KWD rose in ALL pairings it would mean something but that is NOT the case. This is simply a case of the USD fluctuating due to all the negative financial news.

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As I stated you should look at the change relative to various currencies and not just the change in reference to the USD. The USD reached a big low so all currencies pegged to the USD gained value. NOT JUST THE KWD. I hate it when people not involved with forex trading get others hopes up like this without doing adequate research. I have been doing this nearly 10 years.

Also, though the KWD rose against USD there were at least three currencies where the value of KWD dropped. In a currency pair, when one currency falls or rises the currency pegged to it does the opposite. That is why the KWD did not rise in value in several non-USD pairings. Now, if KWD rose in ALL pairings it would mean something but that is NOT the case. This is simply a case of the USD fluctuating due to all the negative financial news.

Thanks GPCarter... gotta have level heads like yours to keep us jitterbugs grounded! wink.gif GO RV Already Baby!!!cool.gif

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CURRENCY CONVERTER WIDGET

ConverterRatesNewsInfo

Read important information about the IQD.

Mid-market rates: 2011-07-17 02:56 UTC

1.00 USD = 1,165.50 IQD

US Dollar Iraqi Dinar

1 USD = 1,165.50 IQD 1 IQD = 0.000858001 USD

New Conversion

I thought it was 1168-1170?

CURRENCY CONVERTER WIDGET

ConverterRatesNewsInfo

Read important information about the IQD.

Mid-market rates: 2011-07-17 02:56 UTC

1.00 USD = 1,165.50 IQD

US Dollar Iraqi Dinar

1 USD = 1,165.50 IQD 1 IQD = 0.000858001 USD

New Conversion

Does this mean something???

Oh yes you are definitely new alright. It is really hard not to slam the hell out of you, but I won't. SMILE! It is normal.

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