By: soicanlaugh
19/09/2008
10:02 pm Yahoo! Profile:
soicanlaugh Did this message offend you?
Sign in to report abuse |
Reply to this message |
| You can't outlaw it, if I travel overseas NZ money is no good I need to trade it with someone from the place I am going to with some of their money, if I can't find that person I'm screwed much easier to have money traders. |
|
By: jamisonjohn@rocketmail.com
19/09/2008
10:06 pm Yahoo! Profile:
jamisonjohn@rocketmail.com Did this message offend you?
Sign in to report abuse |
Reply to this message |
| sure you can. you can put a limit on how much is exchanged. money trading isnt worth it unless your trading millions |
|
By: soicanlaugh
19/09/2008
10:07 pm Yahoo! Profile:
soicanlaugh Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Good point. |
|
By: soicanlaugh
19/09/2008
10:08 pm Yahoo! Profile:
soicanlaugh Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Limit it don't out law it. |
|
By: soicanlaugh
19/09/2008
10:12 pm Yahoo! Profile:
soicanlaugh Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Just had a thought, whats the limit going to be, cos the company I worked for bought some machinery last year from Germany for roughly 10 mil. |
|
By: jamisonjohn@rocketmail.com
19/09/2008
10:15 pm Yahoo! Profile:
jamisonjohn@rocketmail.com Did this message offend you?
Sign in to report abuse |
Reply to this message |
| i dont know, but thats not currency trading. |
|
By: soicanlaugh
19/09/2008
10:19 pm Yahoo! Profile:
soicanlaugh Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Yeah it is because they wouldn't accept Nz dollars so our Nz dollars had to be turned into the Euro, how do you think we did that? We traded our Nz dollars to get Euros. |
|
By: soicanlaugh
19/09/2008
10:21 pm Yahoo! Profile:
soicanlaugh Did this message offend you?
Sign in to report abuse |
Reply to this message |
| I was supposed to capitalise the Z as well but I've been drinking so let the shift key go to early. |
|
By: jamisonjohn@rocketmail.com
19/09/2008
10:36 pm Yahoo! Profile:
jamisonjohn@rocketmail.com Did this message offend you?
Sign in to report abuse |
Reply to this message |
| currencies traders buy and sell currencies relying on fluctuations of exchange rates. converting nz dollers into euros to buy a machine aint currency trading |
|
By: lesboardman
19/09/2008
10:37 pm Yahoo! Profile:
lesboardman Did this message offend you?
Sign in to report abuse |
Reply to this message |
| I agree! Why not? God knows the alternative gives me nightmares. |
|
By: soicanlaugh
19/09/2008
10:46 pm Yahoo! Profile:
soicanlaugh Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Converting involves trading unless you want to give the government the power to freeze the exchange rate as Muldoon did. |
|
By: jamisonjohn@rocketmail.com
19/09/2008
11:00 pm Yahoo! Profile:
jamisonjohn@rocketmail.com Did this message offend you?
Sign in to report abuse |
Reply to this message |
| its not the same. currency trading is purely speculative. you dont buy a solid asset, you buy some currency and hope it increases in value relative to another currency. you sell it when it does and buy some of the devalued currency and hope it increases in value relative to the original currency and so on |
|
By: jamisonjohn@rocketmail.com
19/09/2008
11:02 pm Yahoo! Profile:
jamisonjohn@rocketmail.com Did this message offend you?
Sign in to report abuse |
Reply to this message |
| i believe because of the huge amounts involved and the huge finance institutions that trade currencies, they could manipulate exchange rates for thier own interests |
|
By: adi@xtra.co.nz
19/09/2008
11:04 pm Yahoo! Profile:
adi@xtra.co.nz Did this message offend you?
Sign in to report abuse |
Reply to this message |
TIME! As the chair umpire calls it in tennis...
Time for Hellen and her ilk to clear the decks. Best thing that happened to this country in the last 20 years, is this mob riding into the sunset. Good riddance - don't EVER come back. Freaks! |
|
By: soicanlaugh
19/09/2008
11:12 pm Yahoo! Profile:
soicanlaugh Did this message offend you?
Sign in to report abuse |
Reply to this message |
But we still need a way to judge the various values of other currencies against ours. Also we need someone available to exchange our currency, and forgive me if I'm wrong but don't we pay for services such as that.
Same topic but an offshoot, who are the currency traders dealing with, other currency traders perhaps, if so who cares. |
|
By: cristalbaul
19/09/2008
11:56 pm Yahoo! Profile:
cristalbaul Did this message offend you?
Sign in to report abuse |
Reply to this message |
angela4funky has said it all...
People who suggest that Helen has been a good PM should stop & reflect HOW ? she is nearly always on some overseas junket. And when she is in NZ., many of the events that she appears at for photo opoptunities, are menial tasks not befitting the role of a PM. Apart from the rushed Emissions Trading Scheme, an enormous tax in disguise, and social engineering, I cannot recall her government having passed any major legislation to benefit the economy, or discourage companies from moving offshore etc. Under the present government NZ is simply closing down. If we think that NZ should keep going as we are , God help us !!. |
|
By: cristalbaul
20/09/2008
12:02 am Yahoo! Profile:
cristalbaul Did this message offend you?
Sign in to report abuse |
Reply to this message |
soicanlaugh
Sure they trade with other traders but...without foreign currency traders how do you think companies/countries would pay for their imports and/or get paid for their exports ?
Some of the poorest countries in the world are those that have foreign exchange controls. |
|
By: jamisonjohn@rocketmail.com
20/09/2008
12:10 am Yahoo! Profile:
jamisonjohn@rocketmail.com Did this message offend you?
Sign in to report abuse |
Reply to this message |
| currency traders dont have anything to do with importers or exporters. they trade currencies and profit on exchange rate fluctuations |
|
By: angela4funky@xtra.co.nz
20/09/2008
12:38 am Yahoo! Profile:
angela4funky@xtra.co.nz Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Belly what is your problem? Jealous? I will send you some photos if you like....Get off my case & stick to the programme you vindictive pice of *** !!! |
|
By: mike_f596
20/09/2008
12:45 am Yahoo! Profile:
mike_f596 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| angela4funky ; re the extra staff pumping up government departments ..why if there are so many staff ...(employed to keep the unemployment figures looking lower but hey..at least they are working for their pay -sort of ) why does it still take soooo long to get anything done inside immigration circles lol |
|
By: angela4funky@xtra.co.nz
20/09/2008
12:51 am Yahoo! Profile:
angela4funky@xtra.co.nz Did this message offend you?
Sign in to report abuse |
Reply to this message |
| I agree with you Mike mate. It certainly hasnt equated to a more efficient set up has it.... |
|
By: mike_f596
20/09/2008
12:55 am Yahoo! Profile:
mike_f596 Did this message offend you?
Sign in to report abuse |
Reply to this message |
well hang on tho..let us be reasonable, my phone call get answered much quicker ...even if i them have to put up with a repy to questions such as ..and i quote .."umm ,I dont know ". !!! ayyyy ???? you what ??
your on a call center to answer questions regarding immigration visa applications etc and ...you dont know is the best one gets lol. |
|
By: mike_f596
20/09/2008
12:56 am Yahoo! Profile:
mike_f596 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| wow late night typing ..u can see why im not hired in a govt dept ...or then again - maybe they will take me haha |
|
By: cristalbaul
20/09/2008
1:02 am Yahoo! Profile:
cristalbaul Did this message offend you?
Sign in to report abuse |
Reply to this message |
jamisonjohn
How do you think importers pay for their foreign goods ? in $NZ. ? Foreign goods are usually priced in the currency of the country of origin, eg. $US FOB. Then, they will need to arrange for a foreign currency transfer via the banking system to pay for those goods. Currency traders do not just deal in small private transactions, many are employed by some of the Global giants. Another example, NZ Treasury when they issue NZ bonds to overseas investors, those investors will need to pay in $NZ - there could be hundreds of millions of dollars of foreign exchange transactions. |
|
By: angela4funky@xtra.co.nz
20/09/2008
1:19 am Yahoo! Profile:
angela4funky@xtra.co.nz Did this message offend you?
Sign in to report abuse |
Reply to this message |
I was going to say it must be like 2am or something?? I know its easy to get caught up with this....he he
I am at an internet cafe, its 12.18noon & too tired to go to the beach today. Drunk too many caipirinhas on the beach yesterday..(only 2, but I cant handle)....slack huh? |
|
