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Ksh at its weakest since it floated in 1994
Mainat
#411 Posted : Tuesday, October 11, 2011 3:01:19 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Kizee1-lets fold our hands and do some knitting.
Sehemu ndio nyumba
kizee1
#412 Posted : Tuesday, October 11, 2011 3:04:21 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
lol..sawa
Cde Monomotapa
#413 Posted : Tuesday, October 11, 2011 3:08:37 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Heh! Might as well write down 2011 as it were in 2009. Enjoy the rains and bounce back 2012 as it were 2010. Merry Xmas smile
Pierce
#414 Posted : Tuesday, October 11, 2011 4:01:03 PM
Rank: Veteran

Joined: 3/16/2009
Posts: 1,464
Mainat wrote:
At Ksh105.66 and heading to 106. GBP is now 165.


Had sent someone to buy me GBP, the person just called to let me know the rate is not 162 as I had anticipated, its now 166.....is this real??
hisah
#415 Posted : Tuesday, October 11, 2011 4:13:59 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@deal - wewe iko wapi. I can see your NAD (Namibian dollar) is also taking it in the chin since August... Fighting a dollar squeeze is any CB's worse nightmare... And the squeeze is not yet at blow-off levels!

http://www.forexpros.com.../usd-nad-advanced-chart - sell the 'D' button and scroll the chart backwards to Jan 2011 or beyond and look at that parabolic curve... Nasty... All emerging market currencies (those that are not controlled) have taken it in the chin against the dollar in Q3 2011.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Kwanini
#416 Posted : Tuesday, October 11, 2011 4:16:18 PM
Rank: Member

Joined: 1/28/2009
Posts: 353
Location: Cloud
Something is wrong . Went to stanchart today and they quoted 108kes to the dollar!
"For i am the master and the captain of my fate"
the deal
#417 Posted : Tuesday, October 11, 2011 4:40:16 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Hisah 2 year ago NAD was at 10 to the USD.. inflation slowed to 5.3% last month plus Q2 the gova there posted a +ve BoP.read this http://af.reuters.com/ar...ws/idAFJ8E7J302K20111011
hisah
#418 Posted : Tuesday, October 11, 2011 5:01:32 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
[quote=the deal]@Hisah 2 year ago NAD was at 10 to the USD.. inflation slowed to 5.3% last month plus Q2 the gova there posted a +ve BoP.read this http://af.reuters.com/ar...s/idAFJ8E7J302K20111011[/quote]


When the blow-off squeeze comes I expect that 10 level to be tested or exceeded... Keep watching.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
the deal
#419 Posted : Tuesday, October 11, 2011 8:33:14 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hisah wrote:
[quote=the deal]@Hisah 2 year ago NAD was at 10 to the USD.. inflation slowed to 5.3% last month plus Q2 the gova there posted a +ve BoP.read this http://af.reuters.com/ar...s/idAFJ8E7J302K20111011[/quote]


When the blow-off squeeze comes I expect that 10 level to be tested or exceeded... Keep watching.

Only if the Euro collapse.. In that case the whole world will get it.
KulaRaha
#420 Posted : Tuesday, October 11, 2011 8:59:07 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Mainat wrote:
Kizee1-lets fold our hands and do some knitting.


That's the best suggestion I've heard in ages...you should be advising CBK.
Business opportunities are like buses,there's always another one coming
86 Pages«<4041424344>»
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