Best answer:

Answer by Hgh
travel

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Best answer:

Answer by Night Wolf
Maybe euro

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At the bank I was only going to get 1800 shekels (it was 1800 even, I think they are skimming money off the top the money didn’t match the 3.05) instead of 2100 shekels. and they spelled it sheqels instead of shekels. somebody was there who hadn’t done this before; maybe the messed up, but the machine showed Israel sheqels N

my questions
1. what is a good conversion rate.

2. where can I find that rate.

3. any other fees involved that I should look out for.

thank you for your help and sorry about the poor grammar
gotchya on the exchange rate thing, I thought that the fee was charged as a percent of total money converted. I kinda thought $ 500-$ 3000 was the norm as far as currency exchange, I don’t know a lot of people with $ 10,000+ who are not investors. with the Israel thing I don’t pretend to be a expert but wasn’t that a different currency dealing with inflation? like the old shekel or something.

If I am trying to counteract inflation what would you opinion be on what to buy with that money. I am not buying a third of a ounce of gold but any other ideas would be appreciated.

note: I will be away and will not respond for another 6-24 hours, I’m not dissing anyone
gotchya on the exchange rate thing, I thought that the fee was charged as a percent of total money converted. I kinda thought $ 500-$ 3000 was the norm as far as currency exchange, I don’t know a lot of people with $ 10,000+ who are not investors. with the Israel thing I don’t pretend to be a expert but wasn’t that a different currency dealing with inflation? like the old shekel or something.

If I am trying to counteract inflation what would you opinion be on what to buy with that money. I am not buying a third of a ounce of gold but any other ideas would be appreciated.

note: I will be away and will not respond for another 6-24 hours, I’m not dissing anyone

Best answer:

Answer by Matt
Why on earth would you want to do this?

First off, currency trading small amounts is going to eat you alive because you are paying broker fees both ways, even if it is not a flat fee. The spread between what you see on line and what the bank is paying is that fee.

Then you have inflation. consumer inflation is pretty similar between the US and Israel now, but historically, Israeli inflation has been off the charts. If it spikes again, then you are going to be losing serious money (though with only 610 at play, there is only so much you can lose). Do you really think that the Israeli government is a better long term bet that the US government?

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The reason I ask is because the USA is the only country in the world legally allowed to print its own currency and boy have they printed a lot of it recently. If (because of this unfair FREE trading advantage they have) other countries start to use another currency to trade oil, what would be the consequences for the United States? I personally can’t imagine how the United States would survive if this happened, imagine the effect it would have on the American public? It would make Yugoslavia’s hyperinflation look tiny in comparison. It would totally destroy and wipe out the whole US economy overnight.

Hence my question – Will the US dollar always stay as the worlds reserve currency for oil?
and if you don’t mind answering a second question, What would you imagine the consequences of this would be for America if everyone started trading oil using the euro (for example) instead?

Best answer:

Answer by Linus Upp
Yes.

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Iran has started an oil-trading bourse on Kish Island. Nothing unusual in this you say – well, except that they have been trading oil for Euros and not Dollars for the last year. Could this be the reason why the Dollar has been doing so badly and the Euro doing so well recently ?

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Answer by FRAGINAL-NOYPI
OPEC is not using the dollar so that the price of oil will increase since the dollar is a strong currency.

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Iran has started an oil-trading bourse on Kish Island. Nothing unusual in this you say – well, except that they have been trading oil for Euros and not Dollars for the last year. Could this be the reason why the Dollar has been doing so badly and the Euro doing so well recently ?

Best answer:

Answer by hasicit
any change in currency used will strengthen that currency and unfortunetly weaken the dollar.

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Answer by fruitsalad
It is the fifth most heavily traded currency, accounting for 7.6% of the daily share of currency exchange. The first four are US dollars (84.9%), Euro (39.1%), Japanese Yen (19.0%) and the English Pound Sterling (12.9%). Note that the total of all currencies adds up to 200% as there is always two currencies involved.

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Answer by Itchy1977
There are 4 factors that move currency – Economic Data, Poltitcal Data, natural Disaters and Acts for war.

With regards to the Economic data, there are 2 sides to look at. The techincal data and fundamental data. There are many factors here that influence the rise and fall of the dollar, such as interest rates, oil prices, commodity prices, stock market performance, jobless data, manufacturing output etc etc etc.

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Answer by William N
If you are afraid that the dollar is going to collapse, I would put my money into commodities, like gasoline and food and guns. Oh, and I would keep them in my garage, not in the commodities markets, so I could get to them more quickly.
If the U.S. economy implodes, we’re all screwed. Too much of the world’s economy relies on the United States for it to collapse, and if it did, it would take much of the rest of the world with it. Other countries would do their best to halt the collapse, putting them at risk as well. It’s sort of like the Titanic, once the U.S. goes down, the shock wave will suck down other economies in our wake. There will be no safe store of value, except for maybe gold, and no one will have the real money left to buy it. Think about the Weimar Republic in Germany after WWI, workers were paid twice a day and carried their money around in wheelbarrows to buy a loaf of bread. And Germany at the beginning of the century was one of the economic titans in the world.
The prospect of the American economy is too horrible for the world to contemplate, and everyone in the world has a vested interest in keeping us going. The U.S. economy isn’t going anywhere, and if you think so, I would take more extreme measures than the ones you are proposing, such as buying a farm in a remote part of the country and becoming a survivalist.

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Best answer:

Answer by Ted
The CANADIAN dollar is not heavily traded as compared to the U.S. dollar but is preferred for long term holding in view of Canada’s untold wealth of resources, space and stability.Canada is a member of the G8 of industrial nations and is the United Sates largest trading partner.

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