Tick Tock, Tick Tock

Exchange Rate for 15 December, 2011

Exchange Rates Fixed by Nepal Rastra Bank Currency Unit Buying/Rs. Selling/Rs. Indian Rupee 100 160 160.15

Open Market Exchange Rates (For the purpose of Nepal Rastra Bank) Currency Unit Buying/Rs. Selling/Rs. U.S. dollar 1 85.51 86.11 European euro 1 111.57 112.36 UK pound sterling 1 132.69 133.62 Swiss franc 1 90.47 91.11 Australian dollar 1 85.69 86.30 Canadian dollar 1 82.65 83.23 Singapore dollar 1 65.51 65.97 Japanese yen 10 10.97 11.05 Chinese renminbi (Yuan) 1 13.42 13.52

[Disallowed String for - use of word not allowed]jagate le chahi sahi kura garyo hain. Inflation is different thing but recently dollar's value is getting stronger against nrscoz indianRS is unstable.

Kasai kasai ko ta name nai not allwed re lol

Mr, bittertruth seems like you know nothing. here is whats going on:
Inflation has nothing to do with current situation. Beacuse of euro crisis investor are selling everything and buyng dollar. so the dollar is trading on 80.57 which is 1 year high. That sent euro to 1.29 which is below technical level 1.30. when dollar goes up all the comodities comes down. We have already seen this week gold has come down 200 dollar and wheat, coffee, cotton, and other comodities are plummting. Because of huge safe investment going in dollar  rest of the currency are devaluating  so the ruppee. This can continue even further if european doesn't come with clear solution to their debt mess.
write me more if you want to know about investment and how the currency and the market trades.

@shriprakash, I don't know you, you don't know me. So, first of all, there is no reason that you be sure of my intellect. As I wrote before, It was written in layman's term. The language used was in no standard to any economy books. But mind you, I'd already been repeating this phrase every para "ek dum simple bhasa ma bhannu parda..." just to avoid blatant comments like yours.

your comment is just appropriate as an answer only to my first sentence , "Why does money(in this case euro) lose it's value?"..
and besides, it seems you only tend to have book knowledge, the real solution to euro crisis is proposed to be the inflation, short term one. You wrote investors are scared of failing euros and buying dollars as safe haven, well, it happened many times before as well. But they survived. They will at this time as well either by buying bonds, inflation or bailout.. whatever way, they'll sustain. Don't you remember, just a month or two ago, how american dollar was seen and how at last minute it was rescued?? 
So, you saying ' inflation has nothing to do with currency crisis" is ignorant. You can flip the pages of your economy book and come tell me. I work in the field and will try to shut your adamant attitude with my experience.

good things about rising dolllar:

remittance will be higher if the incoming money is in dollar
products made locally will be bought more which could spur growth locally since the imports will be expensive.
brings more businesses because of cheaper products
more export on locally made products

bad things about rising dollar:
imports such as electronics will be higher since they are mostly imported
travel to the US will be expensive.
anybody sending money to the US will have to pay more.


these are all i can think. add more at your convenience.

@bitter truth: You said: "if US $1 = NRs 10 or below, imagine, we must have been extremely developed by then"

Does that mean Japan is as poor as Nepal?

LOL @ jhilke bro
for the first half i was trolling !!!! seems like bittertruth needs to go back and read his economics books again!!!:P

http://www.ekantipur.com/np/2068/8/29/full-story/339784.html

Mr Bittertruth,
first of all I am a trader. I trade currency, gold, stocks, Etfs and options.  I spend more than 10 hours doing this and for over 5 years.Now, you go back and see where the chart of euro. italian 10 years is trading all time high close to 7% while our 10year is trading below 2%. spanish bond is jumping high, last week germen couldn't sell thier issued bond in the history. S&P and Fitch are reviewing all the europian credits and they might lower pretty soon. Major european banks credits are already lowered to nagetive.  I don't know when did they rescue dollar I know we raised our debt celling 2 months ago. dude simple answer is when dollar goes up all the commodities fall down. lees dollar will be used to import goods. if you are importing cotton from india and used to cost $100 (4600 Rupee) now it will only cost $85 dollar. so you tell me is this inflation????

bittertruth, i have nothing to do with you personally but dont tell people 'murkha'. There are 1000s of people smarter than you. Everybody are smart on their feild. and do you think you are the smart and we all stupid????

@shriprakash, are you in a right mind? the comment that I made was for those who posted above me. according to you, when I wrote that all the ppl in the world got 'murkha'.. hoina ra? hera timro buddhi, .. yesto bujhai cha timro, nasakiney bho..
forum ma thread ra posting ko samanya gyan suddha nabhaka haru posting padhera nabujhikana reply garney..
just to tell you the truth, you.. yes YOU came on me and YOU addressed me as 'murkha'. Not me.. I never said 'murkha' to you. but the way you are argueing with me and having personal grudge towards me, you are not murkha but 'maha murkha' rahechau.
tato ra saro , baula kukur jasto tokna po aaucha.
I know there are people always better than you, no complain.. but there are always someone below you to make you feel better.

timley bau ko kura nikali halyou, yeah, I don't need to teach my father.. how to.. ****
but definitely I can teach your mother how to s****K
and yeah,  I don't give a cr-rap whatever heck you do. yesta english ta 'tatey-ra-pangrey' lekhney sanga k jori khojnu..

you'll be totally ignored next time on .. you are just not up to my level ,


@alece, no comment bro :D I'm learning every moment. I'm not done yet :D 

@bittertruth !! ur above comment alludes that you are an transvestite prostitute who gives sucking lessons !!! :p
and if u thought my first comment was out of my stupidity !! i really dont know what to say!!! lol !! i just dont want to drag it on!!! and then couple other dumb[Disallowed String for - bad word]s joins in who cant see the metaphor and starts using foul language!!! and now u guys dragged it to this level!!!
surprised that u couldnt see the sarcasm !!! :p
O.o !! guess ur sarcasm detector isnt working!!
have fun giving S*U***K 101 LESSON lol!!!
P.S i will remember that word "murkha"""!!!

I absolutely understand that you are not telling me Murkha. My concern is you have no right to call anybody Murkha. By the way who do you think you are to call other people?

Congratulation to all the winners.

@alece.. I'm responsible for what I say, I'm not responsible for what you understand.

@shriprakash, .. I'm showing you the mirror. Who are you to tell me 'murkha'?? may be I'm in front of michio kaku and albert einstein.

Here in Sajha, I see ppl with monkey like way of expressing their whatever nonsense.. so, what's your problem with me when I say to others but you jump in? Just think about it, sara duniya ko thekedaar huna nakhoja.. bekaar maa

@anon.. lol.. yestai cha yaha ko chalan.. hahaha...
thread ko topic chewing gum chapako jasto chapayera, tankayera.. kaha bata kaha purauchan.. ek dum egoistic ra self centered manchey haru chan.. dherai jasta yaha.. topic ko kabadai gari dincha bhanya..
ani ma pani level nai ghatayera kura garnu parney huncha, natra baaki rakhdainan yi ek-dui mula ka saag haru ley..
natra aafu moro , vastab mai yettika abhadra ra jungalee chai pakkai pani chuina hai? 

I think most of these poeple in this thread needs the horse d*ck(from Jumla) that I was talking about in their a$$es. Typical Nepali! Everybody think they are the smart a$$es. Can you all cut it off ? People dont have anything to do or what?? You guys are seriously abusing Sajha.

 Sometimes, I feel that the market is being (has been) manipulated for quite sometime. (Gold came down because there is not much positive return left in it.)

@moonshine, only for a while.. all artificial .. just watch.. where gold price would go..

@mangale, I know .. timi ahiley ranthanera baseka chau, kasailey timro janma thalo lai sarrai nai hepera kura gareka chan, mailey ni padheko chu tyo.. chitta dukkcha I know..
tara tehi hisab ley ali kata satik milayera jawab pani deu na yi ek dui jana daka haru lai..
'you guys are abusing sajha' bhanera.. testo aatay-paatay taal ley kehi hola jasto laagdaina..
ali kadai-sanga majja jawab dinu kay.. ali swad aaos na padhney lai pani.. kaha tyo hawa phuskeko tire ko para ley comment deko bro???

 Bittertruth-- gold is coming down!!