Foreign Currency Market

Table of foreign currencies: a tool to stay updated


h1 Domingo, Marzo 23rd, 2008

At the forex foreign currencies market, the currencies quotation is the vedette of the system as it is there where the investor gets the difference that will give him the profit accordint to his first investment.
In Internet there are foreign currencies tables, that are by definition value currencies converters.This keep you updated with the principal foreign currencies quotations of the world. Suppose that you are interested in knowing which is the Euro quotation regarding to the other currencies of the world. The Euro is nowadays the currency of 12 countries members of the European Union, as Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, Holland, Austria, Portugal y Finland.
The table of foreign currencies shows the exchange of all the currencies according to the Euro to facilitate the exchanges of the most common currencies.
The table of foreign currencies will give you the exact information of the quotation of an Euro according to the Italian Lira, the German mark, the Swiss franc, etc. Based on these updated information that the table of foreign currencies offer, you will be able to plan which is the best option to carry out your business.

The end of hegemony


h1 Sábado, Febrero 2nd, 2008

During centuries mankind has had different ways of payment to do commercial transactions.At the beginning, species exchange, which was called barter. Some years later, value was added to the metal, with which they were able to buy or sell goods and services and it was called currency.
During many centuries this kind of exchange has remained and even if the foreign currencies that have handled the world trade have changed, actually Dollar is the one that has more force in buying and selling goods among different world countries.
The collapse of the European principal countries during the Second World War gave the United States the opportunity to become a world power and to made dollar become the reference currency. As in past times, when dollar was the one to give support to issue currency, today Dollar is the one that offers these conditions.
Even though dollar has not the same hegemony today as it used to have in the ’50s when Bretton Woods was established. Reconstruction of countries that were destroyed during the Second World War and Euro appearance during the 90’s give an scene not very favorable for an american economy with deficit balance of trade and with an important weapon carreer.
During the 90’s the difference between american exports and imports was around 12%, since 1999 the raising imports rate raises until 27%, this made the dollar reduce its value until reaching in 2004 24%.
This deficit in the balance of trade shows that United States finance others economies. The question is how long will the United States tolerate this rate and what will happen if the dollar continues to reduce its value?