Foreign Exchange Currency Fraud  

Posted by Asad Ali in



Beware of Foreign Currency Trading FraudsThe advertisements seem too good to pass up. They tout high returns coupled with low risks from investments in foreign currency (“forex”) contracts. Sometimes they even offer lucrative employment opportunities in forex trading.
Do these deals sound too good to be true? Unfortunately, they are , and investors need to be on guard against these scams. They may look like a new sophisticated form of investment opportunity, but in reality they are the same old trap – financial fraud in fancy garb.
Forex trading can be legitimate for governments and large institutional investors concerned about fluctuations in international exchange rates, and it can even be appropriate for some individual investors. But the average investor should be wary when it comes to forex offers.
The Commodity Futures Trading Commission (CFTC) and the North American Securities Administrators Association (NASAA) warn that off-exchange forex trading by retail investors is at best extremely risky, and at worst, outright fraud.
What are forex contracts?Forex contracts involve the right to buy or sell a certain amount of a foreign currency at a fixed price in U.S. dollars. Profits or losses accrue as the exchange rate of that currency fluctuates on the open market. It is extremely rare that individual traders actually see the foreign currency. Instead, they typically close out their buy or sell commitments and calculate net gains or losses based on price changes in that currency relative to the dollar over time.
Forex markets are among the most active markets in the world in terms of dollar volume. The participants include large banks, multinational corporations, governments, and speculators. Individual traders comprise a very small part of this market. Because of the volatility in the price of foreign currency, losses can accrue very rapidly, wiping out an investor’s down payment in short order.
How do the scams work?Forex scams attract customers with sophisticated-sounding offers placed in newspaper advertisements, radio promotions, or on Internet sites. Promoters often lure investors with the concept of leverage: the right to “control” a large amount of foreign currency with an initial payment representing only a fraction of the total cost. Coupled with predictions about supposedly inevitable increases in currency prices, these contracts are said to offer huge returns over a short time, with little or no downside risk.
In a typical case, investors may be assured of reaping tens of thousands of dollars in just a few weeks or months, with an initial investment of only $5,000. Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply diverted – stolen -- for the personal benefit of the con artists.
What are regulators doing?The CFTC is the federal agency with the primary responsibility for overseeing the commodities markets, including foreign currency trading. Many state securities regulators also have the right under their state laws to take action against illegal commodities investments. Sometimes, the CFTC and the states work together on cases. Some examples –
>> In 2005, the CFTC and the Commissioner of Corporations of the State of California sued National Investment Consultants, Inc., and others in US District Court for the Northern District of California for engaging in a forex scam involving approximately $2 million in customer funds. In 2006, the Court ordered restitution and fines amounting to $3.4 million.
>> Also in 2005, the CFTC and the Texas State Securities Board (TSSB) engaged in a cooperative enforcement effort against Premium Income Corp. (PIC) and its principals. The CFTC and SEC filed an action in U.S. District Court for the Northern District of Texas and the TSSB filed an administrative action charging PIC and its principals with engaging in an illegal $11 million forex operation. To date, the federal court has found three corporate defendants liable to pay restitution of $12 million and each was assessed a fine of $37 million. The State of Texas also has obtained cease and desist orders along with various criminal indictments and convictions. PIC’s president is currently incarcerated on charges stemming from his forex scam.
>> In 2004, Gregory Blake Baldwin, of Utah, pleaded guilty to fraud after his firm, Sunstar Funding, accepted $228,500 from 33 investors for placement into the foreign currency market. Their money was not placed in the foreign currency market but used to pay some past investors and for personal expenses. >> In 2003, the CFTC and the State of Oregon Department of Consumer and Business Services sued Orion International, Inc., and its principals in US District Court for the District of Oregon for fraudulently soliciting over $40 million to participate in a purported forex fund. Orion, and its president Russell Cline, misappropriated virtually all the customer funds. In 2006, the Court entered fines and restitution orders against the defendants totaling almost $150 million. Cline is currently incarcerated on charges stemming from his forex scam.
>> In 2002, the CFTC, SEC and State of Utah filed action against a company known as “4NExchange” for violations of state and federal laws as the firm’s principals illegally offered foreign currency contracts through an alleged Ponzi scheme that cost investors nearly $15 million.
What are the warning signs of fraud?If you are solicited by a company that claims to trade foreign currencies and asks you to invest funds, you should be very careful. Watch out for the following warning signs:
1. Be wary of promises that sound too good to be true: “You can make six figure profits within a year; forex investments are very low risk; You can double your money.” Get-rich-quick schemes, including those involving foreign currency trading, tend to be frauds.
2. Be skeptical about unsolicited phone calls offering investments, especially those from out-of-state salespersons or companies that are unfamiliar.
3. Be especially cautious if you have acquired a large sum of cash recently and are looking for an investment vehicle. In particular, retirees with access to their retirement funds may be attractive targets for fraudulent operators. Getting your money back once it is gone can be difficult or impossible.
4. Be wary of high-pressure efforts to convince you to send or transfer cash immediately to the firm, via overnight delivery or the Internet.
5. Be smart about the money you do put at risk. Even when purchased through the most reputable dealer, forex investments are extremely risky. If you are tempted to invest, make sure you understand these products and above all, only invest what you can afford to lose.

Warning Forex Traders Warning  

Posted by Asad Ali


Forexbastards.com - Forexpeacearmy.com - Forexpeacearmy.org are so called scam review site's where Dmitri slams competitors sites in order to promote his own sites, you will notice the only sites listed in top positions on Forexbastards are sites he is affiliated with, Dmitri in my opinion is the biggest scam artist in Forex and has allot of enemies...
He is using our and other company names on his marketing site without written permission so now the time has come for this to be stopped...
He is in our opinion a scam artist, simply Google Dmitri Chavkerov or Felix Homogratus to see how well disliked he is...
New Warning For Traders
After mounting pressure on Dmitri Chavkerov and Rob Grespinet of Kingforexsignals.com of which is just one site in a long string of failed Forex sites by these two Bozo's, they have closed KFS down for good and moved on to a new site at Wpips.com where they want you to give them at least $35,000 just to be apart of this new scheme and since they received so much criticism over doctoring the performance reports on KFS they now say "Our performance is private information and will only be shared with qualified clients".... Be Careful

And Here's a BIG One...
Another one of their new sites went up Spartanforexfund.com started again by Dmitri Chavkerov and Claude Grespinet, here we see the same old tired recycled photo of Rob smoking a cigarette and tired old bragging about Rob's supposed 750,000 euros Credit Suisse salary and with additional garbage about Dmitri Chavkerov's again supposed successful life but of course they again fail to add information on their sites about the long list of failed services and sites that have been closed down. So what's the catch with this one? before reading any further please make sure you have pre-emptied your bowls, for this one they want you to give them control of $10,000,000 yes that's Ten Million US Dollars! - and they want you to send it to an offshore account.
A word of caution if you are a U.S. Citizen don't EVER send any money to an offshore bank account and give someone else control over your funds, there are plenty of legitimate Money Manager's in the U.S. who are regulated.

Scam Warning For Brokers  

Posted by Asad Ali


Being once a Forex trader you will meet many problems concerning the trustworthy of the broker you are dealing with. Unfortunately there are people who use this point to attack well-guaranteed brokers with.
I'm going to show you what I've found after my search, for this issue concerns me a lot because I used to be a trader in Forex Market for 6 years and then I became to be IB with one of the greatest brokers in Forex Market, and I have passed through problems very similar to this.
During my Forex activity I have seen many swindlers whose target is to steal money but by cheating. One of them is called Rashid, he is Algerian but lives in US.
His work concentrated on opening accounts and operating it with Automated Expert Advisers in order to ensure his profit.
He cheated many brokers and took money not of his rightful possession.

9 Tricks Of The Successful Trader  

Posted by Asad Ali

For all of its numbers, charts and ratios, trading is more art than science. Just as in artistic endeavors, there is talent involved, but talent will only take you so far. The best traders hone their skills through practice and discipline. They perform self analysis to see what drives their trades and learn how to keep fear and greed out of the equation. In this article we'll look at nine steps a novice trader can use to perfect his or her craft; for the experts out there, you might just find some tips that will help you make smarter, more profitable trades, too.
Step 1. Define your goals and then choose a style of trading that is compatible with those goals. Be sure your personality is a match for the style of trading you choose.
Before you set out on any journey, it is imperative that you have some idea of where your destination is and how you will get there. Consequently, it is imperative that you have clear goals in mind as to what you would like to achieve; you then have to be sure that your trading method is capable of achieving these goals. Each type of trading style requires a different approach and each style has a different risk profile, which requires a different attitude and approach to trade successfully. For example, if you cannot stomach going to sleep with an open position in the market then you might consider day trading. On the other hand, if you have funds that you think will benefit from the appreciation of a trade over a period of some months, then a position trader is what you want to consider becoming. But no matter what style of trading you choose, be sure that your personality fits the style of trading you undertake. A personality mismatch will lead to stress and certain losses. (For more, see Invest With A Thesis.)
Step 2. Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading.
It is important to choose a broker who offers a trading platform that will allow you to do the analysis you require. Choosing a reputable broker is of paramount importance and spending time researching the differences between brokers will be very helpful. You must know each broker's policies and how he or she goes about making a market. For example, trading in the over-the-counter market or spot market is different from trading the exchange-driven markets. In choosing a broker, it is important to read the broker documentation. Know your broker's policies. Also make sure that your broker's trading platform is suitable for the analysis you want to do. For example, if you like to trade off of Fibonacci numbers, be sure the broker's platform can draw Fibonacci lines. A good broker with a poor platform, or a good platform with a poor broker, can be a problem. Make sure you get the best of both. (For related reading, see How To Pay Your Forex Broker.)
Step 3. Choose a methodology and then be consistent in its application.
Before you enter any market as a trader, you need to have some idea of how you will make decisions to execute your trades. You must know what information you will need in order to make the appropriate decision about whether to enter or exit a trade. Some people choose to look at the underlying fundamentals of the company or economy, and then use a chart to determine the best time to execute the trade. Others use technical analysis; as a result they will only use charts to time a trade. Remember that fundamentals drive the trend in the long term, whereas chart patterns may offer trading opportunities in the short term. Whichever methodology you choose, remember to be consistent. And be sure your methodology is adaptive. Your system should keep up with the changing dynamics of a market. (For related reading, see What is the difference between fundamental and technical analysis and Blending Technical And Fundamental Analysis.)
Step 4. Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit.
Many traders get confused because of conflicting information that occurs when looking at charts in different time frames. What shows up as a buying opportunity on a weekly chart could, in fact, show up as a sell signal on an intraday chart. Therefore, if you are taking your basic trading direction from a weekly chart and using a daily chart to time entry, be sure to synchronize the two. In other words, if the weekly chart is giving you a buy signal, wait until the daily chart also confirms a buy signal. Keep your timing in sync.
Step 5. Calculate your expectancy.
Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your trades that were winners versus all your trades that were losers. Then determine how profitable your winning trades were versus how much your losing trades lost.
Take a look at your last 10 trades. If you haven't made actual trades yet, go back on your chart to where your system would have indicated that you should enter and exit a trade. Determine if you would have made a profit or a loss. Write these results down. Total all your winning trades and divide the answer by the number of winning trades you made. Here is the formula:
E= [1+ (W/L)] x P – 1
where:
W = Average Winning Trade L = Average Losing TradeP = Percentage Win Ratio
Example:If you made 10 trades and six of them were winning trades and four were losing trades, your percentage win ratio would be 6/10 or 60%. If your six trades made $2,400, then your average win would be $2,400/6 = $400. If your losses were $1,200, then your average loss would be $1,200/4 = $300. Apply these results to the formula and you get; E= [1+ (400/300)] x 0.6 - 1 = 0.40 or 40%. A positive 40% expectancy means that your system will return you 40 cents per dollar over the long term.
Step 6. Focus on your trades and learn to love small losses.
Once you have funded your account, the most important thing to remember is that your money is at risk. Therefore, your money should not be needed for living or to pay bills etc. Consider your trading money as if it were vacation money. Once the vacation is over your money is spent. Have the same attitude toward trading. This will psychologically prepare you to accept small losses, which is key to managing your risk. By focusing on your trades and accepting small losses rather than constantly counting your equity, you will be much more successful.
Secondly, only leverage your trades to a maximum risk of 2% of your total funds. In other words, if you have $10,000 in your trading account, never let any trade lose more than 2% of the account value, or $200. If your stops are farther away than 2% of your account, trade shorter time frames or decrease the leverage. (For further reading, see Leverage's Double-Edged Sword Need Not Cut Deep.)
Step 7. Build positive feedback loops.
A positive feedback loop is created as a result of a well-executed trade in accordance with your plan. When you plan a trade and then execute it well, you form a positive feedback pattern. Success breeds success, which in turn breeds confidence - especially if the trade is profitable. Even if you take a small loss but do so in accordance with a planned trade, then you will be building a positive feedback loop.
Step 8. Perform weekend analysis.
It is always good to prepare in advance. On the weekend, when the markets are closed, study weekly charts to look for patterns or news that could affect your trade. Perhaps a pattern is making a double top and the pundits and the news are suggesting a market reversal. This is a kind of reflexivity where the pattern could be prompting the pundits while the pundits are reinforcing the pattern. Or the pundits may be telling you that the market is about to explode. Perhaps these are pundits hoping to lure you into the market so that they can sell their positions on increased liquidity. These are the kinds of actions to look for to help you formulate your upcoming trading week. In the cool light of objectivity, you will make your best plans. Wait for your setups and learn to be patient. (For information on determining what the market's telling you, read Listen To The Market, Not Its Pundits.)
If the market does not reach your point of entry, learn to sit on your hands. You might have to wait for the opportunity longer than you anticipated. If you miss a trade, remember that there will always be another. If you have patience and discipline you can become a good trader. (To learn more, see Patience Is A Trader’s Virtue.)
Step 9. Keep a printed record.
Keeping a printed record is one of the best learning tools a trader can have. Print out a chart and list all the reasons for the trade, including the fundamentals that sway your decisions. Mark the chart with your entry and your exit points. Make any relevant comments on the chart. File this record so you can refer to it over and over again. Note the emotional reasons for taking action. Did you panic? Were you too greedy? Were you full of anxiety? Note all these feelings on your record. It is only when you can objectify your trades that you will develop the mental control and discipline to execute according to your system instead of your habits.
Bottom LineThe steps above will lead you to a structured approach to trading and in return should help you become a more refined trader. Trading is an art and the only way to become increasingly proficient is through consistent and disciplined practice. Remember the expression: the harder you practice the luckier you'll get

How Social Media Affects The Forex Market  

Posted by Asad Ali

The Forex market, as you probably know by now, is the biggest market in the world. Yet, somehow, the average citizen, who is quite familiar with the Stock Market, has never heard of the Forex market. When you tell them Forex means the same as foreign exchange, you generally get a response similar to “Ohhh” followed by a “And what is that”? With the size of the Forex market, and its potential for profit, you would expect it to be a much more popular and familiar market to the masses. A possible explanation of this phenomenon can be the fact that it was originally inaccessible to the average person, and only in the last decade has the Forex retail market taken off. Having said that, the Forex market has managed to gain more exposure over the last year or two, especially on the global Web. This can be attributed mainly to social media and the presence of Forex brokers and traders on the various social networks. It is true that the amount of Forex content on the Web continues to grow, but the way in which the primary Forex players make use of social media leaves much room for improvement. The three main social networks used in the Web community are of course Facebook, Twitter, and LinkedIn. While LinkedIn and Twitter have an infrastructure in place enabling people to connect with others in their field, Facebook is intended more for people to connect with friends and relatives. The reason I say this is because, Forex as an industry is more suitable for the LinkedIn and Twitter environment then the Facebook one. It is true that there is the occasional Facebook group or page offering Forex content, but both the contributor and the recipient of the content will benefit more from Twitter and LinkedIn and all the features they offer. Although Twitter and LinkedIn might be better for Forex, all three social networks can be utilized to distribute Forex content, whether in the form of Forex news, Forex analysis, articles, or even signals. Social media, in general, is an unprecedented tool in its efficiency and effectiveness when it comes to exposure and communication. Let’s examine how people and Forex companies are benefiting from the world of social media.
Facebook Before we discuss how Forex and Facebook merge, let’s take a quick look at the statistics of the largest social network on the Web. Facebook now has over 250 million users worldwide. As for content, over 1 billion new content pieces are uploaded weekly. Wouldn’t you say such numbers would yell to Forex traders all over the world to use this platform and connect with other traders? On the other hand, Facebook was always intended not as a corporate platform but rather a place to connect on a more personal basis, so it is not as ideal as some of the other sites out there. Some of the Forex tools you might come across on Facebook include Forex groups, Forex pages, Forex traders, and Forex signals. I for one have not been exposed to any Facebook spam on the Forex topic, something I wish I could say about the Forex presence on Twitter. As of today, Facebook is mainly used by Forex players to spread content, accumulate fans of pages, and share signals. With the advanced API and the ability to develop Facebook applications, the Facebook potential for the Forex world is much greater than what is being utilized today.
TwitterIf you have been paying attention, or even if you have not, you have most probably heard the word Twitter in one context or another. It is the buzz word of the tech industry and the global Web. Everyone is talking about how Twitter is the ultimate tool when it comes to exposure, networking, and communication, yet somehow, the Forex players cannot get it right. It is true that there are endless Twitter accounts that offer Forex content. However, generally speaking, Forex has become a word with very negative associations on Twitter, due to the tremendous number of Forex spammers on Twitter. I recently read an article about the main Twitter spammers, and right on top of the list, above the pornography industry and the multi level marketing schemes, sat a proud mention of the Forex market. Not only are the major players missing out on a great opportunity with Twitter, they are also destroying the market’s reputation as a serious trading arena similar to equities and stocks. In fact, when I first opened the DailyForex Twitter account, I was stunned to discover how almost none of our followers were interested in communicating. In fact, they were unable to communicate since their tweets (updates) were being generated automatically by what is known as bots, completely missing the point of Twitter. The content being shared by most Twitter accounts is promotional. They are trying to sell Forex software or robots, and from the short research I have done, are not seeing results. Twitter is about communicating, two way dialog, not selling something and not spamming other users. The potential in Twitter and its use in the Forex world is literally endless. Brokers can use it to offer special bonuses to their followers, while listening and communicating with their customers as part of their customer service efforts. Online Forex portals can share their insights in the form of news, analysis, articles, or reviews of Forex products with their followers, and pay attention to their users and how they suggest improving the service. Traders can use Twitter to communicate with other traders, and make use of others’ experience and expertise in one aspect of Forex trading or another. The platform to connect to others like you is available; people just need to learn how to use it. Like I said, the potential is endless, but as of now, the most important thing is for the Forex players to stop thinking “Sell, sell, sell” and start thinking “Share, communicate, and listen”.
LinkedIn If Facebook is for personal use, LinkedIn targets the corporate world. LinkedIn, with its 17 million visits per day, is the perfect place to expand your Forex reach, and so far, out of the three social networks, it is the only one that comes close, and is on the right path. All the major experts in the Forex world run and maintain active profiles on LinkedIn, in which they share their insights and tips for other traders to see. Many big names in the Forex brokers’ arena have a serious presence on LinkedIn. Most of them have a group, in which they share all the details of their offering, content, as well as the latest developments in the market in general, and their company specifically. However, the most important contribution of LinkedIn to the Forex world are the tens of Forex groups, which offer a perfect and spam-free (almost) environment for traders, brokers, and Forex companies to connect and communicate with one another. As for Forex content, one of the best places to share your Forex articles or reviews are LinkedIn groups mainly because the members of the group are truly interested in Forex, and you are not posting an update for all your friends to see or tweeting something to thousands of people who do not even know what Forex is. The audience is focused and the platform is designated for people who want to hear what you have to say. The bottom line is, while LinkedIn might not be the most user friendly or easy to use of the social networks, it is by far the most suitable for Forex updates. In conclusion, social media has become one of, if not the biggest trend on the Web since its invention, and with the potential for profit in the Forex market, there is no reason these two superpowers should not join forces. The Forex world as a whole seems to have taken notice to the world of social media; you can find a Forex presence on any one of the social networks. However, as of now, the potential presented by social media, the one everyone is talking about, is not being utilized by the Forex world, not even close!

Forex vs. Equities  

Posted by Asad Ali

If you are interested in trading currencies online, you will find that the Forex market offers several advantages over equities trading.
24-Hour TradingForex is a true 24-hour market, which offers a major advantage over equities trading. Whether it's 6pm or 6am, somewhere in the world there are always buyers and sellers actively trading foreign currencies. Traders can always respond to breaking news immediately, and P&L is not affected by after hours earning reports or analyst conference calls.
After hours trading for U.S. equities brings with it several limitations. ECN's (Electronic Communication Networks), also called matching systems, exist to bring together buyers and sellers - when possible. However, there is no guarantee that every trade will be executed, nor at a fair market price. Quite frequently, traders must wait until the market opens the following day in order to receive a tighter spread.
Superior LiquidityWith a daily trading volume that is 50x larger than the New York Stock Exchange, there are always broker/dealers willing to buy or sell currencies in the FX markets. The liquidity of this market, especially that of the major currencies, helps ensure price stability. Traders can almost always open or close a position at a fair market price.
Because of the lower trade volume, investors in the stock market are more vulnerable to liquidity risk, which results in a wider dealing spread or larger price movements in response to any relatively large transaction.
100:1 Leverage100:1 leverage is commonly available from online FX dealers, which substantially exceeds the common 2:1 margin offered by equity brokers. At 100:1, traders post $1000 margin for a $100,000 position, or 1%.
While certainly not for everyone, the substantial leverage available from online currency trading firms is a powerful, moneymaking tool. Rather than merely loading up on risk as many people incorrectly assume, leverage is essential in the Forex market. This is because the average daily percentage move of a major currency is less than 1%, whereas a stock can easily have a 10% price move on any given day.
The most effective way to manage the risk associated with margined trading is to diligently follow a disciplined trading style that consistently utilizes stop and limit orders. Devise and adhere to a system where your controls kick in when emotion might otherwise take over.
Lower Transaction CostsIt is much more cost-efficient to trade Forex in terms of both commissions and transaction fees. Commissions for stock trades range from $7.95-$29.95 per trade with online discount brokers up to $100 or more per trade with full service brokers. Another important point to consider is the width of the bid/ask spread. Regardless of deal size, forex dealing spreads are normally 5 pips or less (a pip is .0005 US cents). In general, the width of the spread in a forex transaction is less than 1/10 that of a stock transaction, which could include a .125 (1/8) wide spread.
Profit Potential In Both Rising And Falling MarketsIn every open FX position, an investor is long in one currency and short the other. A short position is one in which the trader sells a currency in anticipation that it will depreciate. This means that potential exists in a rising as well as a falling market.
The ability to sell currencies without any limitations is another distinct advantage over equity trading. In the US equity markets, it is much more difficult to establish a short position due to the Zero Uptick rule, which prevents investors from shorting a stock unless the immediately preceding trade was equal to or lower than the price of the short sale.
Forex. Vs. Futures
The global foreign exchange market is the largest, most active market in the world. Trading in the forex markets takes place nearly round the clock with over $3 trillion changing hands every day. It is the main event.
The benefits of forex over currency futures trading are considerable. The dissimilarities between the two instruments range from philosophical realities such as the history of each, their target audience, and their relevance in the modern forex markets, to more tangible issues such as transactions fees, margin requirements, access to liquidity, ease of use and the technical and educational support offered by providers of each service. These differences are outlined below:
More Volume = Better Liquidity. Daily currency futures volume on the CME is just 1% of the volume seen every day in the forex markets. Incomparable liquidity is one of many advantages that forex markets hold over currency futures. Truth be told, this is old news. Any currency professional can tell you that cash has been king since the dawn of the modern currency markets in the early 1970's. The real news is that individual traders from every risk profile now have full access to the opportunities available in the forex markets.

Forex markets offer tighter bid to offer spreads than currency futures markets. By inverting the futures price to compare it to cash, you can readily see that in the USD/CHF example above, inverting the futures dealing price of .5894 - .5897 results in a cash price of 1.6958 - 1.6966, 8 pips vs. the 5-pip spread available in the cash markets.
Forex markets offer higher leverage and lower margin rates than those found in currency futures trading. When trading currency futures, traders have one margin rate for "day" trades and another for "overnight" positions. These margin rates can vary depending on transaction size. Currency trading with Capitalor gives the customer one rate all the time, day and night.

Forex markets utilize easily understood and universally used terms and price quotes. Currency futures quotes are inversions of the cash price. For example, if the cash price for USD/CHF is 1.7100/1.7105, the futures equivalent is .5894/ .5897; a methodology followed only in the confines of futures trading.Currency futures prices have the added complication of including a forward forex component that takes into account a time factor, interest rates and the interest differentials between various currencies. The forex markets require no such adjustments, mathematical manipulation or consideration for the interest rate component of futures contracts.

Forex trades executed through Capitalor are commission free. Currency futures have the added baggage of trading commissions, exchange fees and clearing fees. These fees can add up quickly and seriously eat into a trader's profits.

Nepalese Rupee  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction.

Nepalese Rupee

1 NPR
U.A.E. Dirham
0.047430
Argentine Peso
0.040914
Australian Dollar
0.015748
Bahrain Dinar
0.004856
Brunei Dollar
0.018681
Brazilian Real
0.024505
Botswana Pula
0.088156
Canadian Dollar
0.013967
Swiss Franc
0.014051
Chilean Peso
7.019617
Chinese Yuan
0.088254
Colombian Peso
26.046095
Cyprus Pound
0.005135
Czech Koruna
0.235089
Danish Krone
0.068423
Euro
0.009190
U.K. Pound Sterling
0.007832
Hungarian Forint
2.463892
Indonesian Rupiah
129.019392
Israeli New Sheqel
0.049187
Indian Rupee
0.626243
Iranian Rial
128.670513
Icelandic Krona
1.669764
Japanese Yen
1.226913
Korean Won
16.007960
Kuwaiti Dinar
0.003714
Sri Lanka Rupee
1.483926
Libyan Dinar
0.016090
Maltese Lira
0.003767
Mauritian Rupee
0.411350
Mexican Peso
0.170764
Malaysian Ringgit
0.045719
Norwegian Krone
0.080404
Nepalese Rupee
1.000000
New Zealand Dollar
0.019894
Omani Rial
0.004966
Pakistan Rupee
0.783454
Polish Zloty
0.038405
Qatar Riyal
0.047010
Saudi Arabian Riyal
0.048431
Swedish Krona
0.096119
Singapore Dollar
0.018681
Slovenian Tolar
2.352479
Thai Baht
0.439104
Trinidad and Tobago Dollar
0.081274
U.S. Dollar
0.012915
Venezuelan Bolivar
27.476513
South African Rand
0.100994
using values from Thursday, July 30, 2009

Mauritian Rupee  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Mauritian Rupee

1 MUR
U.A.E. Dirham
0.115303
Argentine Peso
0.099462
Australian Dollar
0.038284
Bahrain Dinar
0.011805
Brunei Dollar
0.045415
Brazilian Real
0.059571
Botswana Pula
0.214308
Canadian Dollar
0.033955
Swiss Franc
0.034159
Chilean Peso
17.064837
Chinese Yuan
0.214547
Colombian Peso
63.318604
Cyprus Pound
0.012484
Czech Koruna
0.571507
Danish Krone
0.166338
Euro
0.022341
U.K. Pound Sterling
0.019041
Hungarian Forint
5.989774
Indonesian Rupiah
313.648849
Israeli New Sheqel
0.119574
Indian Rupee
1.522411
Iranian Rial
312.800717
Icelandic Krona
4.059232
Japanese Yen
2.982651
Korean Won
38.915687
Kuwaiti Dinar
0.009028
Sri Lanka Rupee
3.607455
Libyan Dinar
0.039115
Maltese Lira
0.009157
Mauritian Rupee
1.000000
Mexican Peso
0.415131
Malaysian Ringgit
0.111143
Norwegian Krone
0.195463
Nepalese Rupee
2.431021
New Zealand Dollar
0.048362
Omani Rial
0.012072
Pakistan Rupee
1.904593
Polish Zloty
0.093363
Qatar Riyal
0.114282
Saudi Arabian Riyal
0.117736
Swedish Krona
0.233667
Singapore Dollar
0.045415
Slovenian Tolar
5.718926
Thai Baht
1.067470
Trinidad and Tobago Dollar
0.197579
U.S. Dollar
0.031396
Venezuelan Bolivar
66.795980
South African Rand
0.245519
using values from Thursday, July 30, 2009

Maltese Lira  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Maltese Lira

1 MTL
U.A.E. Dirham
12.592185
Argentine Peso
10.862197
Australian Dollar
4.180919
Bahrain Dinar
1.289216
Brunei Dollar
4.959711
Brazilian Real
6.505756
Botswana Pula
23.404444
Canadian Dollar
3.708205
Swiss Franc
3.730488
Chilean Peso
1,863.639180
Chinese Yuan
23.430529
Colombian Peso
6,914.981640
Cyprus Pound
1.363407
Czech Koruna
62.413915
Danish Krone
18.165624
Euro
2.439877
U.K. Pound Sterling
2.079424
Hungarian Forint
654.139123
Indonesian Rupiah
34,253.377283
Israeli New Sheqel
13.058643
Indian Rupee
166.261438
Iranian Rial
34,160.753389
Icelandic Krona
443.305917
Japanese Yen
325.733257
Korean Won
4,249.955661
Kuwaiti Dinar
0.985943
Sri Lanka Rupee
393.967667
Libyan Dinar
4.271686
Maltese Lira
1.000000
Mauritian Rupee
109.209319
Mexican Peso
45.336191
Malaysian Ringgit
12.137842
Norwegian Krone
21.346425
Nepalese Rupee
265.490146
New Zealand Dollar
5.281529
Omani Rial
1.318356
Pakistan Rupee
207.999329
Polish Zloty
10.196144
Qatar Riyal
12.480705
Saudi Arabian Riyal
12.857899
Swedish Krona
25.518657
Singapore Dollar
4.959711
Slovenian Tolar
624.560002
Thai Baht
116.577672
Trinidad and Tobago Dollar
21.577499
U.S. Dollar
3.428764
Venezuelan Bolivar
7,294.743493
South African Rand
26.812960
using values from Monday, December 31, 2007

Malaysian Ringgit  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Malaysian Ringgit

1 MYR
U.A.E. Dirham
1.037432
Argentine Peso
0.894904
Australian Dollar
0.344453
Bahrain Dinar
0.106215
Brunei Dollar
0.408616
Brazilian Real
0.535990
Botswana Pula
1.928221
Canadian Dollar
0.305508
Swiss Franc
0.307344
Chilean Peso
153.539583
Chinese Yuan
1.930370
Colombian Peso
569.704376
Cyprus Pound
0.112327
Czech Koruna
5.142093
Danish Krone
1.496611
Euro
0.201014
U.K. Pound Sterling
0.171317
Hungarian Forint
53.892539
Indonesian Rupiah
2,822.031923
Israeli New Sheqel
1.075862
Indian Rupee
13.697776
Iranian Rial
2,814.400921
Icelandic Krona
36.522631
Japanese Yen
26.836176
Korean Won
350.140964
Kuwaiti Dinar
0.081229
Sri Lanka Rupee
32.457802
Libyan Dinar
0.351931
Maltese Lira
0.082387
Mauritian Rupee
8.997425
Mexican Peso
3.735111
Malaysian Ringgit
1.000000
Norwegian Krone
1.758667
Nepalese Rupee
21.872928
New Zealand Dollar
0.435129
Omani Rial
0.108615
Pakistan Rupee
17.136434
Polish Zloty
0.840029
Qatar Riyal
1.028247
Saudi Arabian Riyal
1.059323
Swedish Krona
2.102405
Singapore Dollar
0.408616
Slovenian Tolar
51.455605
Thai Baht
9.604481
Trinidad and Tobago Dollar
1.777705
U.S. Dollar
0.282485
Venezuelan Bolivar
600.991804
South African Rand
2.209038
using values from Thursday, July 30, 2009

Korean Won  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Korean Won

1 KRW
U.A.E. Dirham
0.002963
Argentine Peso
0.002556
Australian Dollar
0.000984
Bahrain Dinar
0.000303
Brunei Dollar
0.001167
Brazilian Real
0.001531
Botswana Pula
0.005507
Canadian Dollar
0.000873
Swiss Franc
0.000878
Chilean Peso
0.438508
Chinese Yuan
0.005513
Colombian Peso
1.627071
Cyprus Pound
0.000321
Czech Koruna
0.014686
Danish Krone
0.004274
Euro
0.000574
U.K. Pound Sterling
0.000489
Hungarian Forint
0.153917
Indonesian Rupiah
8.059702
Israeli New Sheqel
0.003073
Indian Rupee
0.039121
Iranian Rial
8.037908
Icelandic Krona
0.104308
Japanese Yen
0.076644
Korean Won
1.000000
Kuwaiti Dinar
0.000232
Sri Lanka Rupee
0.092699
Libyan Dinar
0.001005
Maltese Lira
0.000235
Mauritian Rupee
0.025697
Mexican Peso
0.010667
Malaysian Ringgit
0.002856
Norwegian Krone
0.005023
Nepalese Rupee
0.062469
New Zealand Dollar
0.001243
Omani Rial
0.000310
Pakistan Rupee
0.048942
Polish Zloty
0.002399
Qatar Riyal
0.002937
Saudi Arabian Riyal
0.003025
Swedish Krona
0.006004
Singapore Dollar
0.001167
Slovenian Tolar
0.146957
Thai Baht
0.027430
Trinidad and Tobago Dollar
0.005077
U.S. Dollar
0.000807
Venezuelan Bolivar
1.716428
South African Rand
0.006309
using values from Thursday, July 30, 2009

Indonesian Rupiah  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

U.A.E. Dirham
0.000368
Argentine Peso
0.000317
Australian Dollar
0.000122
Bahrain Dinar
0.000038
Brunei Dollar
0.000145
Brazilian Real
0.000190
Botswana Pula
0.000683
Canadian Dollar
0.000108
Swiss Franc
0.000109
Chilean Peso
0.054407
Chinese Yuan
0.000684
Colombian Peso
0.201877
Cyprus Pound
0.000040
Czech Koruna
0.001822
Danish Krone
0.000530
Euro
0.000071
U.K. Pound Sterling
0.000061
Hungarian Forint
0.019097
Indonesian Rupiah
1.000000
Israeli New Sheqel
0.000381
Indian Rupee
0.004854
Iranian Rial
0.997296
Icelandic Krona
0.012942
Japanese Yen
0.009510
Korean Won
0.124074
Kuwaiti Dinar
0.000029
Sri Lanka Rupee
0.011502
Libyan Dinar
0.000125
Maltese Lira
0.000029
Mauritian Rupee
0.003188
Mexican Peso
0.001324
Malaysian Ringgit
0.000354
Norwegian Krone
0.000623
Nepalese Rupee
0.007751
New Zealand Dollar
0.000154
Omani Rial
0.000038
Pakistan Rupee
0.006072
Polish Zloty
0.000298
Qatar Riyal
0.000364
Saudi Arabian Riyal
0.000375
Swedish Krona
0.000745
Singapore Dollar
0.000145
Slovenian Tolar
0.018234
Thai Baht
0.003403
Trinidad and Tobago Dollar
0.000630
U.S. Dollar
0.000100
Venezuelan Bolivar
0.212964
South African Rand
0.000783
using values from Thursday, July 30, 2009

Indian Rupee  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Indian Rupee

1 INR
U.A.E. Dirham
0.075737
Argentine Peso
0.065332
Australian Dollar
0.025147
Bahrain Dinar
0.007754
Brunei Dollar
0.029831
Brazilian Real
0.039130
Botswana Pula
0.140769
Canadian Dollar
0.022303
Swiss Franc
0.022437
Chilean Peso
11.209089
Chinese Yuan
0.140926
Colombian Peso
41.591013
Cyprus Pound
0.008200
Czech Koruna
0.375396
Danish Krone
0.109259
Euro
0.014675
U.K. Pound Sterling
0.012507
Hungarian Forint
3.934401
Indonesian Rupiah
206.021178
Israeli New Sheqel
0.078543
Indian Rupee
1.000000
Iranian Rial
205.464080
Icelandic Krona
2.666318
Japanese Yen
1.959163
Korean Won
25.561884
Kuwaiti Dinar
0.005930
Sri Lanka Rupee
2.369567
Libyan Dinar
0.025693
Maltese Lira
0.006015
Mauritian Rupee
0.656853
Mexican Peso
0.272680
Malaysian Ringgit
0.073005
Norwegian Krone
0.128391
Nepalese Rupee
1.596823
New Zealand Dollar
0.031766
Omani Rial
0.007929
Pakistan Rupee
1.251038
Polish Zloty
0.061326
Qatar Riyal
0.075067
Saudi Arabian Riyal
0.077335
Swedish Krona
0.153485
Singapore Dollar
0.029831
Slovenian Tolar
3.756493
Thai Baht
0.701171
Trinidad and Tobago Dollar
0.129781
U.S. Dollar
0.020623
Venezuelan Bolivar
43.875138
South African Rand
0.161270
using values from Thursday, July 30, 2009

Hungarian Forint  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transact
Hungarian Forint

1 HUF
U.A.E. Dirham
0.019250
Argentine Peso
0.016605
Australian Dollar
0.006391
Bahrain Dinar
0.001971
Brunei Dollar
0.007582
Brazilian Real
0.009946
Botswana Pula
0.035779
Canadian Dollar
0.005669
Swiss Franc
0.005703
Chilean Peso
2.848995
Chinese Yuan
0.035819
Colombian Peso
10.571118
Cyprus Pound
0.002084
Czech Koruna
0.095414
Danish Krone
0.027770
Euro
0.003730
U.K. Pound Sterling
0.003179
Hungarian Forint
1.000000
Indonesian Rupiah
52.364055
Israeli New Sheqel
0.019963
Indian Rupee
0.254168
Iranian Rial
52.222459
Icelandic Krona
0.677694
Japanese Yen
0.497957
Korean Won
6.497021
Kuwaiti Dinar
0.001507
Sri Lanka Rupee
0.602269
Libyan Dinar
0.006530
Maltese Lira
0.001529
Mauritian Rupee
0.166951
Mexican Peso
0.069307
Malaysian Ringgit
0.018555
Norwegian Krone
0.032633
Nepalese Rupee
0.405862
New Zealand Dollar
0.008074
Omani Rial
0.002015
Pakistan Rupee
0.317974
Polish Zloty
0.015587
Qatar Riyal
0.019080
Saudi Arabian Riyal
0.019656
Swedish Krona
0.039011
Singapore Dollar
0.007582
Slovenian Tolar
0.954782
Thai Baht
0.178215
Trinidad and Tobago Dollar
0.032986
U.S. Dollar
0.005242
Venezuelan Bolivar
11.151670
South African Rand
0.040990
using values from Thursday, July 30, 2009

Danish Krone  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction.

Danish Krone

1 DKK
U.A.E. Dirham
0.693188
Argentine Peso
0.597953
Australian Dollar
0.230156
Bahrain Dinar
0.070970
Brunei Dollar
0.273027
Brazilian Real
0.358136
Botswana Pula
1.288392
Canadian Dollar
0.204133
Swiss Franc
0.205360
Chilean Peso
102.591533
Chinese Yuan
1.289828
Colombian Peso
380.663046
Cyprus Pound
0.075054
Czech Koruna
3.435826
Danish Krone
1.000000
Euro
0.134313
U.K. Pound Sterling
0.114470
Hungarian Forint
36.009726
Indonesian Rupiah
1,885.615264
Israeli New Sheqel
0.718866
Indian Rupee
9.152531
Iranian Rial
1,880.516408
Icelandic Krona
24.403562
Japanese Yen
17.931301
Korean Won
233.955945
Kuwaiti Dinar
0.054275
Sri Lanka Rupee
21.687539
Libyan Dinar
0.235152
Maltese Lira
0.055049
Mauritian Rupee
6.011867
Mexican Peso
2.495713
Malaysian Ringgit
0.668176
Norwegian Krone
1.175100
Nepalese Rupee
14.614976
New Zealand Dollar
0.290743
Omani Rial
0.072574
Pakistan Rupee
11.450162
Polish Zloty
0.561288
Qatar Riyal
0.687051
Saudi Arabian Riyal
0.707815
Swedish Krona
1.404777
Singapore Dollar
0.273027
Slovenian Tolar
34.381424
Thai Baht
6.417488
Trinidad and Tobago Dollar
1.187820
U.S. Dollar
0.188750
Venezuelan Bolivar
401.568568
South African Rand
1.476027
using values from Thursday, July 30, 2009

Czech Koruna  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction.

Czech Koruna

1 CZK
U.A.E. Dirham
0.201753
Argentine Peso
0.174035
Australian Dollar
0.066987
Bahrain Dinar
0.020656
Brunei Dollar
0.079465
Brazilian Real
0.104236
Botswana Pula
0.374988
Canadian Dollar
0.059413
Swiss Franc
0.059770
Chilean Peso
29.859354
Chinese Yuan
0.375406
Colombian Peso
110.792307
Cyprus Pound
0.021845
Czech Koruna
1.000000
Danish Krone
0.291051
Euro
0.039092
U.K. Pound Sterling
0.033317
Hungarian Forint
10.480662
Indonesian Rupiah
548.809945
Israeli New Sheqel
0.209226
Indian Rupee
2.663852
Iranian Rial
547.325919
Icelandic Krona
7.102678
Japanese Yen
5.218920
Korean Won
68.093079
Kuwaiti Dinar
0.015797
Sri Lanka Rupee
6.312177
Libyan Dinar
0.068441
Maltese Lira
0.016022
Mauritian Rupee
1.749759
Mexican Peso
0.726380
Malaysian Ringgit
0.194473
Norwegian Krone
0.342014
Nepalese Rupee
4.253701
New Zealand Dollar
0.084621
Omani Rial
0.021123
Pakistan Rupee
3.332579
Polish Zloty
0.163363
Qatar Riyal
0.199967
Saudi Arabian Riyal
0.206010
Swedish Krona
0.408862
Singapore Dollar
0.079465
Slovenian Tolar
10.006743
Thai Baht
1.867815
Trinidad and Tobago Dollar
0.345716
U.S. Dollar
0.054936
Venezuelan Bolivar
116.876877
South African Rand
0.429599
using values from Thursday, July 30, 2009

Cyprus Pound  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction.

Cyprus Pound

1 CYP
U.A.E. Dirham
9.235822
Argentine Peso
7.966951
Australian Dollar
3.066523
Bahrain Dinar
0.945584
Brunei Dollar
3.637733
Brazilian Real
4.771690
Botswana Pula
17.166146
Canadian Dollar
2.719808
Swiss Franc
2.736151
Chilean Peso
1,366.898591
Chinese Yuan
17.185278
Colombian Peso
5,071.839420
Cyprus Pound
1.000000
Czech Koruna
45.777902
Danish Krone
13.323698
Euro
1.789544
U.K. Pound Sterling
1.525167
Hungarian Forint
479.782704
Indonesian Rupiah
25,123.368103
Israeli New Sheqel
9.577949
Indian Rupee
121.945561
Iranian Rial
25,055.432490
Icelandic Krona
325.145683
Japanese Yen
238.911231
Korean Won
3,117.158335
Kuwaiti Dinar
0.723146
Sri Lanka Rupee
288.958214
Libyan Dinar
3.133096
Maltese Lira
0.733457
Mauritian Rupee
80.100304
Mexican Peso
33.252132
Malaysian Ringgit
8.902581
Norwegian Krone
15.656678
Nepalese Rupee
194.725519
New Zealand Dollar
3.873773
Omani Rial
0.966957
Pakistan Rupee
152.558496
Polish Zloty
7.478430
Qatar Riyal
9.154056
Saudi Arabian Riyal
9.430712
Swedish Krona
18.716829
Singapore Dollar
3.637733
Slovenian Tolar
458.087701
Thai Baht
85.504671
Trinidad and Tobago Dollar
15.826161
U.S. Dollar
2.514850
Venezuelan Bolivar
5,350.378285
South African Rand
19.666144
using values from Monday, December 31, 2007

Chinese Yuan  

Posted by Asad Ali


U.A.E. Dirham
0.537426
Argentine Peso
0.463592
Australian Dollar
0.178439
Bahrain Dinar
0.055023
Brunei Dollar
0.211677
Brazilian Real
0.277662
Botswana Pula
0.998887
Canadian Dollar
0.158264
Swiss Franc
0.159215
Chilean Peso
79.538927
Chinese Yuan
1.000000
Colombian Peso
295.126991
Cyprus Pound
0.058189
Czech Koruna
2.663786
Danish Krone
0.775297
Euro
0.104132
U.K. Pound Sterling
0.088748
Hungarian Forint
27.918239
Indonesian Rupiah
1,461.912220
Israeli New Sheqel
0.557335
Indian Rupee
7.095932
Iranian Rial
1,457.959091
Icelandic Krona
18.920013
Japanese Yen
13.902087
Korean Won
181.385388
Kuwaiti Dinar
0.042079
Sri Lanka Rupee
16.814288
Libyan Dinar
0.182313
Maltese Lira
0.042679
Mauritian Rupee
4.660984
Mexican Peso
1.934920
Malaysian Ringgit
0.518035
Norwegian Krone
0.911052
Nepalese Rupee
11.330950
New Zealand Dollar
0.225412
Omani Rial
0.056267
Pakistan Rupee
8.877278
Polish Zloty
0.435165
Qatar Riyal
0.532669
Saudi Arabian Riyal
0.548767
Swedish Krona
1.089120
Singapore Dollar
0.211677
Slovenian Tolar
26.655821
Thai Baht
4.975460
Trinidad and Tobago Dollar
0.920914
U.S. Dollar
0.146337
Venezuelan Bolivar
311.334984
South African Rand
1.144360
using values from Thursday, July 30, 2009

Canadian Dollar  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Canadian Dollar

1 CAD
U.A.E. Dirham
3.395763
Argentine Peso
2.929233
Australian Dollar
1.127478
Bahrain Dinar
0.347666
Brunei Dollar
1.337496
Brazilian Real
1.754422
Botswana Pula
6.311529
Canadian Dollar
1.000000
Swiss Franc
1.006009
Chilean Peso
502.571730
Chinese Yuan
6.318563
Colombian Peso
1,864.778506
Cyprus Pound
0.367673
Czech Koruna
16.831300
Danish Krone
4.898764
Euro
0.657967
U.K. Pound Sterling
0.560763
Hungarian Forint
176.403155
Indonesian Rupiah
9,237.184570
Israeli New Sheqel
3.521553
Indian Rupee
44.836092
Iranian Rial
9,212.206478
Icelandic Krona
119.547294
Japanese Yen
87.841213
Korean Won
1,146.095012
Kuwaiti Dinar
0.265881
Sri Lanka Rupee
106.242138
Libyan Dinar
1.151955
Maltese Lira
0.269672
Mauritian Rupee
29.450720
Mexican Peso
12.225912
Malaysian Ringgit
3.273239
Norwegian Krone
5.756538
Nepalese Rupee
71.595319
New Zealand Dollar
1.424282
Omani Rial
0.355524
Pakistan Rupee
56.091643
Polish Zloty
2.749617
Qatar Riyal
3.365700
Saudi Arabian Riyal
3.467418
Swedish Krona
6.881673
Singapore Dollar
1.337496
Slovenian Tolar
168.426487
Thai Baht
31.437760
Trinidad and Tobago Dollar
5.818852
U.S. Dollar
0.924642
Venezuelan Bolivar
1,967.189731
South African Rand
7.230711
using values from Thursday, July 30, 2009

Australian Dollar  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Australian Dollar

1 AUD
U.A.E. Dirham
3.011822
Argentine Peso
2.598041
Australian Dollar
1.000000
Bahrain Dinar
0.308357
Brunei Dollar
1.186273
Brazilian Real
1.556059
Botswana Pula
5.597919
Canadian Dollar
0.886936
Swiss Franc
0.892265
Chilean Peso
445.748714
Chinese Yuan
5.604158
Colombian Peso
1,653.938276
Cyprus Pound
0.326102
Czech Koruna
14.928277
Danish Krone
4.344888
Euro
0.583574
U.K. Pound Sterling
0.497361
Hungarian Forint
156.458222
Indonesian Rupiah
8,192.787010
Israeli New Sheqel
3.123391
Indian Rupee
39.766723
Iranian Rial
8,170.633053
Icelandic Krona
106.030741
Japanese Yen
77.909491
Korean Won
1,016.512364
Kuwaiti Dinar
0.235820
Sri Lanka Rupee
94.229925
Libyan Dinar
1.021710
Maltese Lira
0.239182
Mauritian Rupee
26.120890
Mexican Peso
10.843595
Malaysian Ringgit
2.903152
Norwegian Krone
5.105678
Nepalese Rupee
63.500431
New Zealand Dollar
1.263246
Omani Rial
0.315327
Pakistan Rupee
49.749670
Polish Zloty
2.438733
Qatar Riyal
2.985158
Saudi Arabian Riyal
3.075376
Swedish Krona
6.103600
Singapore Dollar
1.186273
Slovenian Tolar
149.383432
Thai Baht
27.883266
Trinidad and Tobago Dollar
5.160947
U.S. Dollar
0.820098
Venezuelan Bolivar
1,744.770428
South African Rand
6.413174
using values from Thursday, July 30, 2009

U.S. Dollar  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

U.S. Dollar

1 USD
U.A.E. Dirham
3.672514
Argentine Peso
3.167963
Australian Dollar
1.219366
Bahrain Dinar
0.376000
Brunei Dollar
1.446501
Brazilian Real
1.897406
Botswana Pula
6.825913
Canadian Dollar
1.081499
Swiss Franc
1.087998
Chilean Peso
543.530876
Chinese Yuan
6.833520
Colombian Peso
2,016.756283
Cyprus Pound
0.397638
Czech Koruna
18.203035
Danish Krone
5.298009
Euro
0.711591
U.K. Pound Sterling
0.606465
Hungarian Forint
190.779854
Indonesian Rupiah
9,990.006834
Israeli New Sheqel
3.808557
Indian Rupee
48.490194
Iranian Rial
9,962.993050
Icelandic Krona
129.290292
Japanese Yen
95.000193
Korean Won
1,239.500729
Kuwaiti Dinar
0.287550
Sri Lanka Rupee
114.900778
Libyan Dinar
1.245838
Maltese Lira
0.291650
Mauritian Rupee
31.850928
Mexican Peso
13.222312
Malaysian Ringgit
3.540005
Norwegian Krone
6.225691
Nepalese Rupee
77.430273
New Zealand Dollar
1.540359
Omani Rial
0.384499
Pakistan Rupee
60.663061
Polish Zloty
2.973708
Qatar Riyal
3.640001
Saudi Arabian Riyal
3.750010
Swedish Krona
7.442523
Singapore Dollar
1.446501
Slovenian Tolar
182.153095
Thai Baht
33.999910
Trinidad and Tobago Dollar
6.293083
U.S. Dollar
1.000000
Venezuelan Bolivar
2,127.513931
South African Rand
7.820007
using values from Thursday, July 30, 2009

U.K. Pound  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss deta
U.K. Pound Sterling

1 GBP
U.A.E. Dirham
6.055612
Argentine Peso
5.223656
Australian Dollar
2.010614
Bahrain Dinar
0.619987
Brunei Dollar
2.385137
Brazilian Real
3.128634
Botswana Pula
11.255253
Canadian Dollar
1.783285
Swiss Franc
1.794001
Chilean Peso
896.228511
Chinese Yuan
11.267797
Colombian Peso
3,325.431106
Cyprus Pound
0.655666
Czech Koruna
30.015000
Danish Krone
8.735892
Euro
1.173343
U.K. Pound Sterling
1.000000
Hungarian Forint
314.577059
Indonesian Rupiah
16,472.530545
Israeli New Sheqel
6.279932
Indian Rupee
79.955521
Iranian Rial
16,427.987494
Icelandic Krona
213.186869
Japanese Yen
156.645898
Korean Won
2,043.813778
Kuwaiti Dinar
0.474142
Sri Lanka Rupee
189.459987
Libyan Dinar
2.054264
Maltese Lira
0.480902
Mauritian Rupee
52.519021
Mexican Peso
21.802282
Malaysian Ringgit
5.837117
Norwegian Krone
10.265547
Nepalese Rupee
127.674842
New Zealand Dollar
2.539900
Omani Rial
0.634000
Pakistan Rupee
100.027372
Polish Zloty
4.903350
Qatar Riyal
6.002001
Saudi Arabian Riyal
6.183394
Swedish Krona
12.271983
Singapore Dollar
2.385137
Slovenian Tolar
300.352389
Thai Baht
56.062479
Trinidad and Tobago Dollar
10.376670
U.S. Dollar
1.648901
Venezuelan Bolivar
3,508.059483
South African Rand
12.894416
using values from Thursday, July 30, 2009

Euro  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Euro

1 EUR
U.A.E. Dirham
5.160992
Argentine Peso
4.451945
Australian Dollar
1.713578
Bahrain Dinar
0.528394
Brunei Dollar
2.032771
Brazilian Real
2.666428
Botswana Pula
9.592469
Canadian Dollar
1.519833
Swiss Franc
1.528966
Chilean Peso
763.825064
Chinese Yuan
9.603160
Colombian Peso
2,834.151778
Cyprus Pound
0.558802
Czech Koruna
25.580763
Danish Krone
7.445303
Euro
1.000000
U.K. Pound Sterling
0.852266
Hungarian Forint
268.103323
Indonesian Rupiah
14,038.977277
Israeli New Sheqel
5.352173
Indian Rupee
68.143370
Iranian Rial
14,001.014750
Icelandic Krona
181.691915
Japanese Yen
133.503968
Korean Won
1,741.872939
Kuwaiti Dinar
0.404095
Sri Lanka Rupee
161.470300
Libyan Dinar
1.750779
Maltese Lira
0.409857
Mauritian Rupee
44.760175
Mexican Peso
18.581343
Malaysian Ringgit
4.974776
Norwegian Krone
8.748976
Nepalese Rupee
108.812924
New Zealand Dollar
2.164670
Omani Rial
0.540337
Pakistan Rupee
85.249925
Polish Zloty
4.178958
Qatar Riyal
5.115301
Saudi Arabian Riyal
5.269896
Swedish Krona
10.458993
Singapore Dollar
2.032771
Slovenian Tolar
255.980121
Thai Baht
47.780144
Trinidad and Tobago Dollar
8.843683
U.S. Dollar
1.405302
Venezuelan Bolivar
2,989.799729
South African Rand
10.989472
using values from Thursday, July 30, 2009

Iranian Rial  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Iranian Rial

1 IRR
U.A.E. Dirham
0.000369
Argentine Peso
0.000318
Australian Dollar
0.000122
Bahrain Dinar
0.000038
Brunei Dollar
0.000145
Brazilian Real
0.000190
Botswana Pula
0.000685
Canadian Dollar
0.000109
Swiss Franc
0.000109
Chilean Peso
0.054555
Chinese Yuan
0.000686
Colombian Peso
0.202425
Cyprus Pound
0.000040
Czech Koruna
0.001827
Danish Krone
0.000532
Euro
0.000071
U.K. Pound Sterling
0.000061
Hungarian Forint
0.019149
Indonesian Rupiah
1.002711
Israeli New Sheqel
0.000382
Indian Rupee
0.004867
Iranian Rial
1.000000
Icelandic Krona
0.012977
Japanese Yen
0.009535
Korean Won
0.124410
Kuwaiti Dinar
0.000029
Sri Lanka Rupee
0.011533
Libyan Dinar
0.000125
Maltese Lira
0.000029
Mauritian Rupee
0.003197
Mexican Peso
0.001327
Malaysian Ringgit
0.000355
Norwegian Krone
0.000625
Nepalese Rupee
0.007772
New Zealand Dollar
0.000155
Omani Rial
0.000039
Pakistan Rupee
0.006089
Polish Zloty
0.000298
Qatar Riyal
0.000365
Saudi Arabian Riyal
0.000376
Swedish Krona
0.000747
Singapore Dollar
0.000145
Slovenian Tolar
0.018283
Thai Baht
0.003413
Trinidad and Tobago Dollar
0.000632
U.S. Dollar
0.000100
Venezuelan Bolivar
0.213542
South African Rand
0.000785
using values from Thursday, July 30, 2009

Saudi Arabian Riyal  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Saudi Arabian Riyal

1 SAR
U.A.E. Dirham
0.979335
Argentine Peso
0.844788
Australian Dollar
0.325163
Bahrain Dinar
0.100266
Brunei Dollar
0.385733
Brazilian Real
0.505974
Botswana Pula
1.820239
Canadian Dollar
0.288399
Swiss Franc
0.290132
Chilean Peso
144.941193
Chinese Yuan
1.822267
Colombian Peso
537.800288
Cyprus Pound
0.106037
Czech Koruna
4.854130
Danish Krone
1.412799
Euro
0.189757
U.K. Pound Sterling
0.161723
Hungarian Forint
50.874496
Indonesian Rupiah
2,663.994952
Israeli New Sheqel
1.015613
Indian Rupee
12.930685
Iranian Rial
2,656.791295
Icelandic Krona
34.477322
Japanese Yen
25.333320
Korean Won
330.532675
Kuwaiti Dinar
0.076680
Sri Lanka Rupee
30.640128
Libyan Dinar
0.332223
Maltese Lira
0.077773
Mauritian Rupee
8.493559
Mexican Peso
3.525941
Malaysian Ringgit
0.943999
Norwegian Krone
1.660180
Nepalese Rupee
20.648020
New Zealand Dollar
0.410761
Omani Rial
0.102533
Pakistan Rupee
16.176775
Polish Zloty
0.792987
Qatar Riyal
0.970664
Saudi Arabian Riyal
1.000000
Swedish Krona
1.984668
Singapore Dollar
0.385733
Slovenian Tolar
48.574033
Thai Baht
9.066619
Trinidad and Tobago Dollar
1.678151
U.S. Dollar
0.266666
Venezuelan Bolivar
567.335585
South African Rand
2.085330
using values from Thursday, July 30, 2009

Qatar Riyal  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction.

Qatar Riyal

1 QAR
U.A.E. Dirham
1.008932
Argentine Peso
0.870319
Australian Dollar
0.334991
Bahrain Dinar
0.103297
Brunei Dollar
0.397390
Brazilian Real
0.521265
Botswana Pula
1.875250
Canadian Dollar
0.297115
Swiss Franc
0.298900
Chilean Peso
149.321627
Chinese Yuan
1.877340
Colombian Peso
554.053767
Cyprus Pound
0.109241
Czech Koruna
5.000832
Danish Krone
1.455497
Euro
0.195492
U.K. Pound Sterling
0.166611
Hungarian Forint
52.412033
Indonesian Rupiah
2,744.506594
Israeli New Sheqel
1.046306
Indian Rupee
13.321478
Iranian Rial
2,737.085227
Icelandic Krona
35.519301
Japanese Yen
26.098947
Korean Won
340.522082
Kuwaiti Dinar
0.078997
Sri Lanka Rupee
31.566139
Libyan Dinar
0.342263
Maltese Lira
0.080124
Mauritian Rupee
8.750252
Mexican Peso
3.632502
Malaysian Ringgit
0.972529
Norwegian Krone
1.710354
Nepalese Rupee
21.272047
New Zealand Dollar
0.423176
Omani Rial
0.105632
Pakistan Rupee
16.665671
Polish Zloty
0.816953
Qatar Riyal
1.000000
Saudi Arabian Riyal
1.030222
Swedish Krona
2.044649
Singapore Dollar
0.397390
Slovenian Tolar
50.042045
Thai Baht
9.340632
Trinidad and Tobago Dollar
1.728869
U.S. Dollar
0.274725
Venezuelan Bolivar
584.481683
South African Rand
2.148353
using values from Thursday, July 30, 2009

Omani Rial  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

Omani Rial

1 OMR
U.A.E. Dirham
9.551431
Argentine Peso
8.239200
Australian Dollar
3.171313
Bahrain Dinar
0.977897
Brunei Dollar
3.762043
Brazilian Real
4.934750
Botswana Pula
17.752751
Canadian Dollar
2.812750
Swiss Franc
2.829652
Chilean Peso
1,413.608558
Chinese Yuan
17.772537
Colombian Peso
5,245.155461
Cyprus Pound
1.034172
Czech Koruna
47.342235
Danish Krone
13.778998
Euro
1.850697
U.K. Pound Sterling
1.577286
Hungarian Forint
496.177947
Indonesian Rupiah
25,981.889509
Israeli New Sheqel
9.905248
Indian Rupee
126.112712
Iranian Rial
25,911.632384
Icelandic Krona
336.256634
Japanese Yen
247.075359
Korean Won
3,223.678573
Kuwaiti Dinar
0.747858
Sri Lanka Rupee
298.832559
Libyan Dinar
3.240161
Maltese Lira
0.758521
Mauritian Rupee
82.837509
Mexican Peso
34.388431
Malaysian Ringgit
9.206802
Norwegian Krone
16.191702
Nepalese Rupee
201.379723
New Zealand Dollar
4.006148
Omani Rial
1.000000
Pakistan Rupee
157.771759
Polish Zloty
7.733985
Qatar Riyal
9.466871
Saudi Arabian Riyal
9.752980
Swedish Krona
19.356425
Singapore Dollar
3.762043
Slovenian Tolar
473.741577
Thai Baht
88.426556
Trinidad and Tobago Dollar
16.366976
U.S. Dollar
2.600788
Venezuelan Bolivar
5,533.212619
South African Rand
20.338180
using values from Thursday, June 28, 2007

Kuwaiti Dinar  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction.

Kuwaiti Dinar

1 KWD
U.A.E. Dirham
12.771722
Argentine Peso
11.017068
Australian Dollar
4.240529
Bahrain Dinar
1.307598
Brunei Dollar
5.030425
Brazilian Real
6.598514
Botswana Pula
23.738139
Canadian Dollar
3.761076
Swiss Franc
3.783677
Chilean Peso
1,890.210489
Chinese Yuan
23.764596
Colombian Peso
7,013.573748
Cyprus Pound
1.382846
Czech Koruna
63.303797
Danish Krone
18.424625
Euro
2.474664
U.K. Pound Sterling
2.109072
Hungarian Forint
663.465678
Indonesian Rupiah
34,741.753511
Israeli New Sheqel
13.244830
Indian Rupee
168.631953
Iranian Rial
34,647.809008
Icelandic Krona
449.626464
Japanese Yen
330.377482
Korean Won
4,310.550483
Kuwaiti Dinar
1.000000
Sri Lanka Rupee
399.584761
Libyan Dinar
4.332590
Maltese Lira
1.014258
Mauritian Rupee
110.766399
Mexican Peso
45.982583
Malaysian Ringgit
12.310900
Norwegian Krone
21.650778
Nepalese Rupee
269.275439
New Zealand Dollar
5.356832
Omani Rial
1.337153
Pakistan Rupee
210.964932
Polish Zloty
10.341519
Qatar Riyal
12.658652
Saudi Arabian Riyal
13.041223
Swedish Krona
25.882495
Singapore Dollar
5.030425
Slovenian Tolar
633.464825
Thai Baht
118.239807
Trinidad and Tobago Dollar
21.885146
U.S. Dollar
3.477651
Venezuelan Bolivar
7,398.750151
South African Rand
27.195252
using values from Thursday, July 30, 2009

Forex rates Bahrain Dinar  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction.

Bahrain Dinar

1 BHD
U.A.E. Dirham
9.767318
Argentine Peso
8.425427
Australian Dollar
3.242993
Bahrain Dinar
1.000000
Brunei Dollar
3.847074
Brazilian Real
5.046288
Botswana Pula
18.154009
Canadian Dollar
2.876325
Swiss Franc
2.893609
Chilean Peso
1,445.559749
Chinese Yuan
18.174242
Colombian Peso
5,363.709471
Cyprus Pound
1.057547
Czech Koruna
48.412292
Danish Krone
14.090439
Euro
1.892527
U.K. Pound Sterling
1.612937
Hungarian Forint
507.392845
Indonesian Rupiah
26,569.147066
Israeli New Sheqel
10.129133
Indian Rupee
128.963184
Iranian Rial
26,497.301950
Icelandic Krona
343.856900
Japanese Yen
252.659898
Korean Won
3,296.542004
Kuwaiti Dinar
0.764761
Sri Lanka Rupee
305.586944
Libyan Dinar
3.313397
Maltese Lira
0.775665
Mauritian Rupee
84.709850
Mexican Peso
35.165698
Malaysian Ringgit
9.414900
Norwegian Krone
16.557676
Nepalese Rupee
205.931423
New Zealand Dollar
4.096698
Omani Rial
1.022603
Pakistan Rupee
161.337807
Polish Zloty
7.908793
Qatar Riyal
9.680847
Saudi Arabian Riyal
9.973422
Swedish Krona
19.793930
Singapore Dollar
3.847074
Slovenian Tolar
484.449355
Thai Baht
90.425224
Trinidad and Tobago Dollar
16.736911
U.S. Dollar
2.659572
Venezuelan Bolivar
5,658.277462
South African Rand
20.797875
using values from Thursday, July 30, 2009

Forex rates  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. CurrencySource.com will quote you a rate for your currency exchange and discuss details for your foreign currency transaction

U.A.E. Dirham

1 AED
U.A.E. Dirham
1.000000
Argentine Peso
0.862614
Australian Dollar
0.332025
Bahrain Dinar
0.102382
Brunei Dollar
0.393872
Brazilian Real
0.516650
Botswana Pula
1.858648
Canadian Dollar
0.294485
Swiss Franc
0.296254
Chilean Peso
147.999663
Chinese Yuan
1.860720
Colombian Peso
549.148656
Cyprus Pound
0.108274
Czech Koruna
4.956559
Danish Krone
1.442611
Euro
0.193761
U.K. Pound Sterling
0.165136
Hungarian Forint
51.948022
Indonesian Rupiah
2,720.209119
Israeli New Sheqel
1.037043
Indian Rupee
13.203541
Iranian Rial
2,712.853454
Icelandic Krona
35.204844
Japanese Yen
25.867889
Korean Won
337.507395
Kuwaiti Dinar
0.078298
Sri Lanka Rupee
31.286680
Libyan Dinar
0.339233
Maltese Lira
0.079414
Mauritian Rupee
8.672785
Mexican Peso
3.600343
Malaysian Ringgit
0.963919
Norwegian Krone
1.695212
Nepalese Rupee
21.083723
New Zealand Dollar
0.419429
Omani Rial
0.104696
Pakistan Rupee
16.518128
Polish Zloty
0.809720
Qatar Riyal
0.991147
Saudi Arabian Riyal
1.021101
Swedish Krona
2.026547
Singapore Dollar
0.393872
Slovenian Tolar
49.599016
Thai Baht
9.257938
Trinidad and Tobago Dollar
1.713563
U.S. Dollar
0.272293
Venezuelan Bolivar
579.307191
South African Rand
2.129333
using values from Thursday, July 30, 2009

http://alphainventions.com  

Posted by Asad Ali

What Is Alpha Inventions ?
Write a nice post on your blog about alphainventions.com or how it works and your blog will be added to the reading cycle automatically. Your blog will remain there until someone else writes a post about us.This is the best way to get more readers from alphainventions.com I know the person that is currently in the cycle is very happy as it will bring them thousands of new readers a day if the blog is in the reading cycle that long.Go to alphainventions.com to see what I mean

Latest EUR/USD Analysis - July 18 2009  

Posted by Asad Ali

I've got a new trading video for you to watch this weekend. It's been created by Adam Hewison (from Marketclub) and in this video Adam discusses where he thinks the EUR/USD is headed in the coming weeks and months.
As it turns out he is actually bullish on this pair and for what it's worth I'm in agreement with him on this one. My own view is that the upside still prevails because not only is the weekly Supertrend still indicating a bullish trend, but on the daily chart the Supertrend indicator is positive (and rising) and the EMA (200) is still trending upwards.

Forex Trading Systems - Do You Expect Too Much?  

Posted by Asad Ali

By: James Woolley
People who have just discovered forex trading for the first time often believe that there are lots of profitable trading strategies out there, after all there are lots of them being sold online and they all look fantastic. However the reality is often somewhat different.The fact is that despite all the thousands of forex trading products being sold online, only a tiny percentage of these methods will actually be profitable in the long run. Sure you will get lots of strategies that will maybe generate some profits to start off with, but over several months and years they rarely remain profitable.This is indeed borne out by the much-quoted statistic that around 95% of people who trade currencies end up losing money. So why do so many of these trading strategies ultimately fail?Well there are many reasons. The first reason is simply because a trading method may not have been very solid in the first place. You will often find that people try out a particular method over a few months, for example, make decent profits, and suddenly believe they have found the holy grail of trading. They will then either share their system on one of the trading forums or sell the product to other traders. However very often these short-term profits turn out to be an exception and the method actually ends up losing money in the long run.Similarly another problem is that market conditions change. Sometimes you can test out a system and see some excellent results, but then markets change and the pair you are trading either becomes more volatile or significantly less volatile, and you are no longer able to generate decent returns. This is a common problem and you can either give up on the system or adapt it so in can cope with, and profit from the new market conditions. The point is that you have to be realistic about what you can expect from a forex trading system. Most will unfortunately ultimately fail but that's not to say they don't have any value because they do. I rarely ask for a refund for any forex products that I buy, even if they don't make me any money, because I will nearly always learn a few useful tips and strategies in terms of how the strategy was created and the reasoning behind the trading method.The trick is to apply this information and use it to form your own profitable system. Indeed this is how many of my most profitable trading methods were originally formed. If you can do this then you won't be disappointed when a forex system you come across doesn't turn out to be as profitable as expected. There are a few excellent products out there but you have to remember that most of them will probably end up losing money, and a lot of them will be nowhere near as profitable as they claim to be on their sales pages so don't set your sights too high

High Probability Trading Strategies - Daytrading Tactics  

Posted by Asad Ali

By: Dave Lex
Day trading is the most active form of trading having maximum trading risk. It requires real-time news, quotes and charts. Day traders practice many complex strategies for getting profited from the market. Here are some simple tactics which can minimize trading loss of day traders, especially beginners. Try to incorporate them in your daily trading plan and i believe you will see an improvement in your trading.* Concentrating on certain group of stocks or an industry. Specializing gives traders a chance to study deep and find more profitable opportunities. Know the characteristics of certain sectors or group of stocks and how it is affected by the market index. For example, if you are trading Google, then you would want to be noticing the Nasdaq index. Therefore if you have any long positions on and you see the Nasdaq index starting to tank, chances are that Google will likely follow the index in going down and you can refrain from opening a long position or close your current long positions.* Using traders systems with hot/short lists. Then traders can find opportunities quickly and easily for stocks (or other instruments) they are trading. For example if you are doing gap trading, then you would track on your list the biggest gappers for the day and see their movement on a list so you can shuffle through them quickly and keep an eye on the rest.* Modify and update your hot list and stock groups frequently. For example, if you feel that stock XYZ is doing nothing or is going sideways, remove it from your list and concentrate on existing list or do a search to see any "hot" moving stocks are available for potential trades.* Avoiding trades when unsure about the market. It is better to keep capital for future opportunities than wasting it on uncertain positions. A very important skill in trading is to learn to sit on your hands when you do not identify any high probability setups. If you try to force a trade, chances are you will end up losing in the long run. Also it is important to identify a choppy market as more often that not, you will get killed in the whipsaws.* Concentrating on one opportunity at a time. This considerably minimizes trading risk and help in maximizing opportunities by increasing position sizes. Instead of having 10-20 positions at a time, try to cut down to 5 or so positions so you can monitor them more carefully.* Limit the number/frequency of trades. It is better to concentrate on one or two trades a day. This depends on your trading setup. If you trade off a 1 minute chart, the number of trades you will take in a day will definitely be more than trading on a 1 hour chart. So trade on different time frames to see which you feel comfortable trading in.* Keep the risk minimum. It is ideal to keep the risk possibility less than 1% of your account size. This is probably one of the most important part of trading. If you risk a fixed 10% per trade, you will bust your account if you have 10 losing trades in a row, and this is very possible.* Be careful with trading on margin. High margin trades are better when you are sure about price direction.* Write down your trades. Note how you profited from a trade and why you made loss from another. And frequently go through them. As William Eckhardt said this in an interview, "If a trader doesn't know why he's losing then it's hopeless unless he can find out what he's doing wrong. In the case of the trader who knows what he's doing wrong, my advice is deceptively simple. He should stop doing what he is doing wrong. If he can't change his behavior, this type of person should consider becoming a dogmatic system trader."Daytrading can be lucrative if you do it properly. Implement these high probability daytrading strategies and tactics and you will surely find yourself improving in your trading

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