Cyprus-Forum.com

[miltiades]

From inception in 1999 here are some interesting comparisons to today's rates.
Oct 6th 1999 EURO = 1.07 us $ NOW EURO = 1.39 US $ GAIN 29.9%
Oct 6th 1999 STG = 1.54 EUROS NOW = 1.14 EUROS DROP BY STG 26%

Now who said that the Euro is about to collapse !!

Just about everybody...?

No doubt they are all smokers ....like you !!!!

Or insane... like you.

At least I dont pollute the people around with ....smoke ..like ....you do !!!!
ps. Do you have a sense of humour or are you a complete bloody fool like that piece of shit GR !

You decide... you know more about me than my friends and family apparently...

I know bugger all!

Never a truer sentence posted on this forum...

So you DO have a sense of humour after all , have a ...fag on me !!!

[cyprusgrump]

From inception in 1999 here are some interesting comparisons to today's rates.
Oct 6th 1999 EURO = 1.07 us $ NOW EURO = 1.39 US $ GAIN 29.9%
Oct 6th 1999 STG = 1.54 EUROS NOW = 1.14 EUROS DROP BY STG 26%

Now who said that the Euro is about to collapse !!

Just about everybody...?

No doubt they are all smokers ....like you !!!!

Or insane... like you.

At least I dont pollute the people around with ....smoke ..like ....you do !!!!
ps. Do you have a sense of humour or are you a complete bloody fool like that piece of shit GR !

You decide... you know more about me than my friends and family apparently...

I know bugger all!

Never a truer sentence posted on this forum...

So you DO have a sense of humour after all , have a ...fag on me !!!

Is that some kind of offer of sexual services...?

[Milo]

Milti won,t the strong euro against the weak GBP effect your pensions private and state considerably when you come over to live here permanently? When IF it gets to parity again its quite a loss on your monthly income its ok for some but detrimental for many who come from the UK on retirement

[cyprusgrump]

Milti won,t the strong euro against the weak GBP effect your pensions private and state considerably when you come over to live here permanently? When IF it gets to parity again its quite a loss on your monthly income its ok for some but detrimental for many who come from the UK on retirement

Uh oh... That is you branded a filthy smoker in perpetuity...

[miltiades]

Milti won,t the strong euro against the weak GBP effect your pensions private and state considerably when you come over to live here permanently? When IF it gets to parity again its quite a loss on your monthly income its ok for some but detrimental for many who come from the UK on retirement

Milo I understand where you are coming from but the information I posted is based on currency movements and NOT on my own financial interests. Naturally I prefer a strong pound , my business , home , pension etc all pegged on the Sterling , I'm in no way celebrating that the Euro in spite of so many setbacks is doing rather well against the major currencies . At the moment STG is down to 1.137 Euros .
I dont think that the economic situation here in the UK will improve until mid 2011 with the 2012 Olympics approaching.

[miltiades]

Milti won,t the strong euro against the weak GBP effect your pensions private and state considerably when you come over to live here permanently? When IF it gets to parity again its quite a loss on your monthly income its ok for some but detrimental for many who come from the UK on retirement

Uh oh... That is you branded a filthy smoker in perpetuity...

Milo is a ...heavy smoker , like you , so I dont have to remind her of that !!!!

[Paphitis]

The euro has withstood some of the worlds worst financial repercussions as a result
of the incompetent Greeks the carefree Spanish the careless Irish and the laid back Portugese
it is , the euro , the worlds most dynamic currency having taken over from the once mighty
US $ , Germany which for years now has been the worlds largest exporter ,
only last year second to china , has a great deal to gain by supporting the weaker economies
withing the eurozone .
Posting using my iPhone so no spell check !!!!
Ps: how do to you spell blonger ?!!!!!

OK, you're going a bit too far here. It's true that the US Peso has taken a drubbing the last 5 years or so, but I would hardly say that it's been replaced by the Euro. How many countries peg their currencies to USD? And many peg to the Euro? OK, that's what I thought...

Any exporting country such as Germany would want a cheap home currency to give their exports an edge over competing countries. It just seems like the Euro cheerleading isn't quite taking this into account. But while we're on this subject, my crystal ball is showing me a picture where the yuan replaces both USD and the Euro. This will bring both currencies down substantially and won't be pretty for either one.

As far as Euro benefits to Cyprus, it sure does seem like that 15% VAT is earning everyone a trend of increasing crime, problems with illegal immigration, etc, etc. At this rate, we should be fast-tracking the Turks into Euroland with every bit of zeal we can muster!

The Euro has steadily been replacing the US $ as the top global currency. In reality the dollar still is the most widely held currency having dropped from around 70% down to just over 62% while the Euro now stands at around 27% . Given the fact that the worlds largest oil produces still peg their currencies to the $ , only just , with Saudi Arabia leading the field influenced not by economics but by political influences. Not long ago Alan Greenspan predicted that the Euro would replace the dollar in due course.
Do remember that the Euro is still in its embryonic state and it has to face severe tests to determine its resistance to adverse financial developments in the less well off member states.
There is no doubt that sooner rather than later the share of the Euro will increase as it is already doing so at the moment. The oil producing countries with their huge dollar reserves are in my opinion keeping the dollar as the most widely held reserve currency.

I beg to differ. The Euro isn't even mentioned on Australian Currency exchanges because we don't peg the Aussie dollar to it, and are far more interested in Asian Markets anyway!

Also, the Euro is not doing too well when compared to the Tiger Economies of Asia and the Australian Dollar! In about a year, the Australian Dollar has gained 30% on the Euro, which means that the EU is in a lot of trouble, as is the US Dollar and GBP. The Australian Dollar is about to surpass the USD within the next few weeks. The bright sparks are in Asia, and they're driving Australian Commodity prices through the roof!

They manufacture goods, we sell them the Energy and materials and then we buy those goods from them at a cheap price. That is how the Global Economy is going!

Sorry mate but the Aussie Dollar doesn't exactly fit into the European and American currency platforms !!!
As you know China takes payment in dollars , STG and Euro !!

The Euro today is trading at 1.143 against STG , MMR rate .It looks as if my earlier forecast of the pound trading at below 1.13 euros might just be around the corner. Frankly I think the UK has very acute financial problems right now which have an adverse affect on STG .

Miltiades,

you were boasting about the Euro since it is performing well against the GBP. However this is all relative, because if you compare the Euro against the Aussie Dollar you wouldn't be saying this since the EU Economy isn't travelling very well at all when you compare things to the way they are in Asia and Australia. You see, the developing economies of China and India are still growing at +10%, whilst developed Australia is fuelling these tiger economies with materials, energy, and minerals. Hence the strong AUD, record employment, chronic labour shortages. Australia basically can't keep pace with Asian demand. As a result, property and Australian shares are booming, and the AUD has made 30% on the Euro within 12 months and our export economy prefers AUD or USD.

Also, I told you before that the AUD is pegged to the USD. The EU is a little irrelevant to our economy and the way we trade our services and products to the world. The Euro is not the choice currency in the Asia Pacific region. In fact, it is not the benchmark currency anywhere!

[gauss]

As a result, property and Australian shares are booming

I guess nobody bothered to tell the australian stockmarket that aussie shares are booming...

http://tinyurl.com/25fxr8o

31% in the hole over three years...you could've earned a compounded return of over 15% just by putting your money in the bank, so your booming stocks have underperformed cash by nearly 50% over three years!

Also, I told you before that the AUD is pegged to the USD.

While I won't dispute that you told him, you're wrong. AUD was floated in the 1980's, it's not pegged to anything. Quite possibly you don't know what "pegged" means. Please explain what you think it means.

The EU is a little irrelevant to our economy and the way we trade our services and products to the world. The Euro is not the choice currency in the Asia Pacific region. In fact, it is not the benchmark currency anywhere!

Again, wrong. I refer you to the weighs assigned to the USD and EUR by none less than the Reserve Bank of Australia for the AUD trade-weighted index:
http://www.rba.gov.au/media-releases/2010/mr-10-22.html

EUR is assigned a heavier weight, which means that in terms of trade in goods and services, the EUR is more important than the USD.

Economics and finance lesson over.

[Paphitis]

As a result, property and Australian shares are booming

I guess nobody bothered to tell the australian stockmarket that aussie shares are booming...

http://tinyurl.com/25fxr8o

31% in the hole over three years...you could've earned a compounded return of over 15% just by putting your money in the bank, so your booming stocks have underperformed cash by nearly 50% over three years!

Also, I told you before that the AUD is pegged to the USD.

While I won't dispute that you told him, you're wrong. AUD was floated in the 1980's, it's not pegged to anything. Quite possibly you don't know what "pegged" means. Please explain what you think it means.

The EU is a little irrelevant to our economy and the way we trade our services and products to the world. The Euro is not the choice currency in the Asia Pacific region. In fact, it is not the benchmark currency anywhere!

Again, wrong. I refer you to the weighs assigned to the USD and EUR by none less than the Reserve Bank of Australia for the AUD trade-weighted index:
http://www.rba.gov.au/media-releases/2010/mr-10-22.html

EUR is assigned a heavier weight, which means that in terms of trade in goods and services, the EUR is more important than the USD.

Economics and finance lesson over.

When I was referring to Australian Shares, I was basically taking into consideration the last 12 months or so! The market is riding a mining boom at present and is very upbeat about record jobs growth. Interests rates are set to rise to reduce inflation and slow the economy because the Reserve Bank fears on consumer spending and inflation!

In any case, here is the All Ordinaries index for the last 5 years. Compare this to US and European markets and see where it stands!



The Australian Dollar was pegged to the USD in 1966! Before that, it was pegged to the GBP. Floated in 1980 which means its value fluctuates from the pegged rate of 1AUD=1.12USD. At the moment we have near parity!

Australia's export market dictates that Australia is better suited to trade in USD or AUD at the moment. They do not prefer the Euro, because exporters in the Primary Industry sector and Mining Companies do not find the exchange suitable. As AUD rises, more exporters will just convert to USD.

[CBBB]

As a result, property and Australian shares are booming

I guess nobody bothered to tell the australian stockmarket that aussie shares are booming...

http://tinyurl.com/25fxr8o

31% in the hole over three years...you could've earned a compounded return of over 15% just by putting your money in the bank, so your booming stocks have underperformed cash by nearly 50% over three years!

Also, I told you before that the AUD is pegged to the USD.

While I won't dispute that you told him, you're wrong. AUD was floated in the 1980's, it's not pegged to anything. Quite possibly you don't know what "pegged" means. Please explain what you think it means.

The EU is a little irrelevant to our economy and the way we trade our services and products to the world. The Euro is not the choice currency in the Asia Pacific region. In fact, it is not the benchmark currency anywhere!

Again, wrong. I refer you to the weighs assigned to the USD and EUR by none less than the Reserve Bank of Australia for the AUD trade-weighted index:
http://www.rba.gov.au/media-releases/2010/mr-10-22.html

EUR is assigned a heavier weight, which means that in terms of trade in goods and services, the EUR is more important than the USD.

Economics and finance lesson over.

When I was referring to Australian Shares, I was basically taking into consideration the last 12 months or so! The market is riding a mining boom at present and is very upbeat about record jobs growth. Interests rates are set to rise to reduce inflation and slow the economy because the Reserve Bank fears on consumer spending and inflation!

In any case, here is the All Ordinaries index for the last 5 years. Compare this to US and European markets and see where it stands!



The Australian Dollar was pegged to the USD in 1966! Before that, it was pegged to the GBP. Floated in 1980 which means its value fluctuates from the pegged rate of 1AUD=1.12USD. At the moment we have near parity!

Australia's export market dictates that Australia is better suited to trade in USD or AUD at the moment. They do not prefer the Euro, because exporters in the Primary Industry sector and Mining Companies do not find the exchange suitable. As AUD rises, more exporters will just convert to USD.

So basically Bafidis, you don't know what you are talking about!