This month I was surprised by the Chinese Yuan and the Swedish Krona as they both exceeded my expectations. For the Yuan it was a photo finish, it's average exchange rate this month was 6.99969 Yuan for $1 US. Another Canadian benchmark has been removed. The exchange has been pretty level the last few months. The Korean Won continues to sadden me as it declines in value. The Korean government has been purposely lowering the value of the Won to boost exports. According to other calculations I've done, the equilibrium exchange rate should be 820 Won to $1 US.
Apr. 2008: 7 Chinese Yuan > $1 US (2 months sooner) Achieved!
Apr. 2008: 6 Swedish Kronor > $1 US (2 months sooner) Achieved!
Jun. 2008: 100 Japanese Yen > $1 US (unchanged)
Jul. 2008: 1 Swiss Franc > $1 US (1 month sooner)
Dec. 2008: $1 US > 1000 Korean Won (9 months sooner)
Jan. 2009: $1 Aussie > $1 US (1 month sooner)
Feb. 2009: 1 Euro > $1.75 US (3 months sooner)
Jun. 2009: 5 Swedish Kronor > $1 US (3 months sooner)
New Benchmarks:
Oct. 2009: 6 Chinese Yuan > $1 US
Removed Benchmark:
$1 Canadian > $1.25 US
No comments:
Post a Comment