Currency Report-Day 548-Kicking The Serbians While They're Down - EDIT: The KRW

Day 548, 06:11 • Published in USA South Africa • by Enoch Root
Not The RSD Again...

Someone really hates the Serbians. Just when they start getting their act together in picking up the RSD after hundreds of thousands of fake RSD flood the market, someone comes along and kicks them while they're down.

The RSD dropped back to 0.008 yesterday after picking up to 0.01. The rise to 0.01 was a controlled effort by the Serbian government. In the wee hours of yesterday morning though, in an effort to cripple the Serbian recovery, someone cleaned out their holdings. They were wiped out. 150 gold and 14,000 RSD was stolen in the theft.

What's this mean for the RSD and the Serbian economy? Unless the government can refund itself to try and restart their recovery effort, they may be crippled for weeks, or months even.

The best of luck to vonMartin and the Serbians in their efforts.

Thanks to Zlatiborac for pointing this out to me yesterday.

Today's Movers

The BAM rose a point after the Narodna Banka picked it's offer up to 0.024. This may not hold through the day, as offers are sure to come in from investors more than willing to take 0.023 for their BAM.

The CNY started to pick back up yesterday, but was continuously undercut down to 0.013 over the night. It should pick back up today, as there are not many offers under 0.015 left.

The JPY spiked overnight, and is coming back down. This is a sell, especially if you bought at 0.025.

The KRW was has been pushed down to 0.014 by Sinnyo Currency Trader undercutting the other offers with thousands of KRW several points below what a decent rate is. This is a buy. It can easily be sold for 0.019, or at the worst 0.018. It'll just take some time. Remember about what I said about guys who post thousands of currency at once, blocking it up for weeks?

EDIT There is a run on the KRW now, because of talks about a merger between South Korea and Japan

The PHP took a big jump up to 0.02. If you got in at 0.015 a few days ago, then this is serious money you just made 😃

Currency / Current Value / Change / %
ARS / 0.01 / + 0.00
ATS / 0.008 / - 0.001 / - 11.1%
AUD / 0.023 / + 0.00
BAM / 0.024 / + 0.001 / + 4.35%
BEF / 0.019 / + 0.00
BGN / 0.01 / + 0.00
BRL / 0.03 / + 0.001 / + 3.45%
CAD / 0.034 / - 0.001 / - 2.86%
CHF / 0.015 / + 0.00
CLP / 0.017 / - 0.001 / - 5.56%
CNY / 0.014 / + 0.001 / + 7.69%
CZK / 0.007 / - 0.001 / - 12.5%
DEM / 0.02 / + 0.00
DKK / 0.022 / + 0.001 / + 4.76%
EEK / 0.019 / + 0.00
ESP / 0.039 / - 0.001 / - 2.50%
FIM / 0.02 / + 0.00
FRF / 0.019 / + 0.00
GBP / 0.028 / + 0.00
GRD / 0.006 / + 0.00
HRK / 0.019 / + 0.00
HUF / 0.022 / + 0.00
IDR / 0.036 / + 0.00
IEP / 0.011 / + 0.00
INR / 0.01 / + 0.00
IRR / 0.028 / + 0.00
ITL / 0.026 / + 0.00
JPY / 0.028 / + 0.003 / + 12.0%
KPW / 0.028 / + 0.00
KRW / 0.014 / - 0.005 / - 35.7%
LTL / 0.02 / + 0.00
LVL / 0.011 / - 0.002 / - 15.4%
MDL / 0.009 / - 0.001 / - 10.0%
MXN / 0.008 / + 0.00
MYR / 0.007 / + 0.00
NIS / 0.02 / + 0.00
NLG / 0.014 / - 0.001 / - 6.67%
NOK / 0.01 / - 0.001 / - 9.09%
PHP / 0.02 / + 0.002 / + 11.1%
PKR / 0.007 / + 0.00
PLN / 0.021 / + 0.00
PTE / 0.008 / + 0.00
RON / 0.017 / + 0.00
RSD / 0.008 / + 0.00
RUB / 0.015 / + 0.00
SEK / 0.026 / + 0.001 / + 4.00%
SGD / 0.017 / + 0.00
SIT / 0.012 / + 0.00
SKK / 0.01 / + 0.00
THB / 0.01 / - 0.001 / - 9.09%
TRY / 0.009 / - 0.001 / - 10.0%
UAH / 0.012 / + 0.00
USD / 0.02 / + 0.00
VEB / 0.011 / + 0.00
ZAR / 0.011 / + 0.00

Money and Women

She's Filipino today. The PHP made me a lot of money... I managed to get it at 0.015 earlier in the week 😃



I want to give a shout out to Jason Grimm, and his paper that is so full of Pure Win that you will shit yourself, and in the process check out Grimm's shout out to Tom Mcdougal.

I'd appreciate any feedback. Also, if anyone wants to contribute about currency trends, possible
future value changes, or any other currency investment related info, I would be more than happy
to include you in the paper with full credit.