Exchange Rate Now!

It hardly sound like an enviable name – PIGS. Yet, this is the exact term creatively coined by some journalist which represents the 4 nations in Europe which currently faces the real possibility of financial collapse.

P – Portugal
I – Ireland
G – Greece
S – Spain

It is amazing how Portugal and Spain came to be liken to a financial weakling but years of accumulating debts, borrowings and poor financial controls brought it to the same state with Greece. Amongst the European Union now, leaders must be asking themselves what should be the collective next steps instead of just verbatim. The next step would really have to be (more…)

While most major economies are trying to revive themselves from the financial crisis which shocked the world in Oct 2008, another mini-crisis occurred recently when President Obama mooted plan to further control and constrict major financial institutions (Banks and Hedge funds) for reaching a critical size that will enable them to weld substantial market influence.

Another spanner was thrown by Greece recently, howbeit it only affects the Euro zone.

One of the countries in Europe which had already adopted the Euro as the national currency, Greece financial stability came under scrutiny recently due to concerns if the Greek government can actually pay off the national debt and guarantee the levelling of government bonds.

Things cumulated into a jittery forex trading market on 28th Jan 2010 when a sell-off of Euro began, enabling forex traders who punt on the US Dollar smiling all the way to the bank (more…)

Since the US invasion of Afghanistan in 2001, the Afghan Afghani (AFN) has gained greater stability. Businessmen has been quoting their products in Afghan Afghani (AFN) and the population of Afghanistan in a large part has been using the Afghan Afghani in making payments too. Even donars like Japan, United States and the European Union has been pledging funds in Afghani.

The acceptance of the Afghan Afghani (AFN) is a demonstration of success in the financial stability of Afghanistan. There appears to be a greater willingness worldwide to use the Afghani as a medium of exchange and as a store of value. However, before you want to jump into trading Afghani (more…)