Thursday, 14.07.2011.
10:34
The Serbian dinar (RSD) fell sharply against the euro (EUR), losing 1.5 percent of its value on Thursday.
Izvor: Tanjug
IMAGE SOURCE
pre 12 godina
Everyone knows they manipulate the exchange rate, when he EURO was getting weaker compared to most currencies of the world -- compared to the dinar, the euro was getting stronger.
When they need to make some cash they make the exchange go down, then they buy euro, then they make the cost of euro go up, and then they sell their euros to get more dinars back....
pre 12 godina
Danilo,
RSD --> EUR http://www.exchange-rates.org/history/RSD/EUR/G/180
LEK --> EUR http://eur.cer24.com/all/chart/?q=30
serbia's currency is tied down to its exports
pre 12 godina
"Analyst"
Obviously, the answer is because Serbia is a small, sick economy within a larger sick economic zone.
Look at how the dinar is doing against every other currency but the Euro.
It's falling against the Euro, but falling even faster against CHF, CAD, AUD and even USD, which is pretty weak these days.
pre 12 godina
"The central bank announced Wednesday that the weakening of the Serbian currency in the last two days is connected to the marked tendencies in the eurozone."
Shouldn't the so called 'eurozone trouble', going hand in hand with a lower exchange for the Euro, result in a higher exchange rate for other curriencies against the Euro, and not in a lower one?
pre 12 godina
"The central bank announced Wednesday that the weakening of the Serbian currency in the last two days is connected to the marked tendencies in the eurozone."
Shouldn't the so called 'eurozone trouble', going hand in hand with a lower exchange for the Euro, result in a higher exchange rate for other curriencies against the Euro, and not in a lower one?
pre 12 godina
"Analyst"
Obviously, the answer is because Serbia is a small, sick economy within a larger sick economic zone.
Look at how the dinar is doing against every other currency but the Euro.
It's falling against the Euro, but falling even faster against CHF, CAD, AUD and even USD, which is pretty weak these days.
pre 12 godina
Everyone knows they manipulate the exchange rate, when he EURO was getting weaker compared to most currencies of the world -- compared to the dinar, the euro was getting stronger.
When they need to make some cash they make the exchange go down, then they buy euro, then they make the cost of euro go up, and then they sell their euros to get more dinars back....
pre 12 godina
Danilo,
RSD --> EUR http://www.exchange-rates.org/history/RSD/EUR/G/180
LEK --> EUR http://eur.cer24.com/all/chart/?q=30
serbia's currency is tied down to its exports
pre 12 godina
Danilo,
RSD --> EUR http://www.exchange-rates.org/history/RSD/EUR/G/180
LEK --> EUR http://eur.cer24.com/all/chart/?q=30
serbia's currency is tied down to its exports
pre 12 godina
"The central bank announced Wednesday that the weakening of the Serbian currency in the last two days is connected to the marked tendencies in the eurozone."
Shouldn't the so called 'eurozone trouble', going hand in hand with a lower exchange for the Euro, result in a higher exchange rate for other curriencies against the Euro, and not in a lower one?
pre 12 godina
"Analyst"
Obviously, the answer is because Serbia is a small, sick economy within a larger sick economic zone.
Look at how the dinar is doing against every other currency but the Euro.
It's falling against the Euro, but falling even faster against CHF, CAD, AUD and even USD, which is pretty weak these days.
pre 12 godina
Everyone knows they manipulate the exchange rate, when he EURO was getting weaker compared to most currencies of the world -- compared to the dinar, the euro was getting stronger.
When they need to make some cash they make the exchange go down, then they buy euro, then they make the cost of euro go up, and then they sell their euros to get more dinars back....
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