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Tournament: ATRL THE APPRENTICE
Member Since: 1/16/2010
Posts: 17,698
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Week 2 Task: CURRENCY EXCHANGE
US $10,000 amount converted into foreign currencies.
TEAM COSMO:
Simon2011: 7,887.68 EUR
UnusualBoy: 6,515.51 GBP
Marnie: 10,794.47 ASD
Orfeo De La Lira: 17,215.00 BRL
HelloHello: 837,200.01 JPY
fatty: 462,500.00 INR & 308,750.00 RUB
foxaylove: 71,838.00 ZAR
TEAM SURPLUS:
SiXo: 7,887.68 EUR
ivancastel: 6,515.51 GBP
Deuces: 10,794.47 ASD
Edi_Shak: 17,215.00 BRL
fiercE: 837,200.01 JPY & 462,500.00 INR
quiqui4eva: 71,838.00 ZAR
MrDeeds: 308,750.00 RUB
$10,000 US Dollars is equivalent to: (rates on Saturday night)
European Euros: 7,887.68
British Pounds: 6,515.51
Australian Dollars: 10,794.47
Brazillian Reals: 17,215.00
Japanese Yen: 837,200.01
Indian Rupees: 462,500.00
South African Rand: 71,838.00
Russian Rubles: 308,750.00
Currency Exchange Rates:
SUNDAY MORNING
Live rates at 2010.09.12 16:26:00 UTC
European Euros
10,000.00 USD = 7,864.73 EUR
1 USD = 0.786473 EUR
1 EUR = 1.27150 USD
Great Britian Pounds
10,000.00 USD = 6,514.45 GBP
1 USD = 0.651445 GBP
1 GBP = 1.53505 USD
Australian Dollars
10,000.00 USD = 10,792.14 AUD
1 USD = 1.07921 AUD
1 AUD = 0.926600 USD
Brazilian Reals
10,000.00 USD = 17,215.00 BRL
1 USD = 1.72150 BRL
1 BRL = 0.580889 USD
Japanese Yens
10,000.00 USD = 841,699.98 JPY
1 USD = 84.1700 JPY
1 JPY = 0.0118807 USD
Indian Rupees
10,000.00 USD = 462,500.00 INR
1 USD = 46.2500 INR
1 INR = 0.0216216 USD
South Afrian Rands
10,000.00 USD = 71,825.00 ZAR
1 USD = 7.18250 ZAR
1 ZAR = 0.139227 USD
Russian Rubles
10,000.00 USD = 308,750.00 RUB
1 USD = 30.8750 RUB
1 RUB = 0.0323887 USD
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To trade simple POST in this thread after the currency rates are posted:
Member:
Team:
Currency:
Amount (in US$ dollars):
(amount of US Dollars you want to trade, not your own currency)
(amount should be in the multiples of 500: EX: 500, 1500, 2000, 2500, etc ...)
A US $10.00 is automatically charged for each trade and transaction $4000-$7999 (total per day), a US $25.00 is automatically charged for each trade and transaction $8000 and above (total per day) thus treat your trade(s) seriously.
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Member Since: 4/29/2010
Posts: 7,706
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I guess I will start with this...
Member: SiXo
Team: Surplus
Currency: European Euros
Amount: 500 $
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Member Since: 4/29/2010
Posts: 7,706
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Yes I know...But At least I am taking something...I can't have even bigger minus tomorrow...I had to trade that...So I guess this is my status now:
SUNDAY MORNING
10,000.00 USD = 7,864.73 EUR
(1 USD = 0.786473 EUR 1 EUR = 1.27150 USD)
USD: 10,000 – 500 = 9,500 = EUR: 393.236
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Member Since: 1/16/2010
Posts: 17,698
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Quote:
Originally posted by SiXo
Yes I know...But At least I am taking something...I can't have even bigger minus tomorrow...I had to trade that...So I guess this is my status now:
SUNDAY MORNING
10,000.00 USD = 7,864.73 EUR
(1 USD = 0.786473 EUR 1 EUR = 1.27150 USD)
USD: 10,000 – 500 = 9,500 = EUR: 393.236
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Actually I made a mistake 
You're good, when Euro numbers against US Dollars is going down which is good. Euros is going up because the same 10,000 US Dollars is equaled to LESS Euros. I hope people will understand this concept. 
DONT WORRY about calculation I will do that part. I just hope players are smart enough now after my explanation knowing when to trade. This also helps you with real life too for currency exchange and stock exchange.
Stock: relies on company and corporations' performance.
Currency: relies on sovereignty and national performance.
Quote:
Originally posted by foxaylove
I somewhat now understand the rules, but still am a little confused on how I should determine to trade for after the rates are posted.
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The rates are listed in 1USD = #'s of ZAR (South African Rand)
and also in 10,000 USD = #'s of ZAR.
Saturday: 10,000 = 71,838.00 ZAR
Sunday 10,000 = 71,825.00 ZAR
This is GOOD to trade because LESS South African Rands are needed to receive the SAME amount of US Dollars. Got it!?
Quote:
Originally posted by simon2011
Anw, 2 QUESTIONS: 
+ So we can trade our $10,000 as many times as we want, right? |
New Rules: Any trade less than US $4,000 is free of charge. A trade of US $4000-7999 demands US $10 fee, and 8000 and above requires a $25 fee.
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Member Since: 4/29/2010
Posts: 7,706
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hmmm...Well I don't think anyone will pull out more then 4000, but still, if they are too late...they will have to oh this is getting fun
Quote:
Originally posted by KT&T
DONT WORRY about calculation I will do that part.
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Oh, I know you will...
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Member Since: 1/16/2010
Posts: 17,698
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Quote:
Originally posted by SiXo
hmmm...Well I don't think anyone will pull out more then 4000, but still, if they are too late...they will have to oh this is getting fun |
Ahaha, good then. This is what I do on my free time exchanging currencies at banks and airports. The rates at airports are cut-throat but at your local banks it's free but you have to call in ahead of time and they will ask you for passport (or other reason for leaving the country). Profits from currency exchange all depends on your principal and the currency you choose. I always pick the Euro, GBP, and maybe AUD but the others are not that confident in.
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Banned
Member Since: 3/17/2010
Posts: 4,869
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Member: Hellohello
Team: Cosmo
Currency: Japanese Yen
Amount (in US dollars): $500
Tell me if I made a mistake, KT&T 
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Member Since: 6/5/2010
Posts: 6,067
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Ticket: Team Surplus
Numbers: 7, 8, 25, 37, 39
Referred by: fatty
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Member Since: 1/16/2010
Posts: 17,698
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Quote:
Originally posted by Hellohello
Member: Hellohello
Team: Cosmo
Currency: Japanese Yen
Amount (in US dollars): $500
Tell me if I made a mistake, KT&T |
Trade Finalized!
Your exchange was correct and transaction was successfully processed.
The only mistake you made was trading the Yen when the US Dollars against Yen is going stronger (Yen is weaker, it takes more yen to make up the same $10,000). So you made a BAD deal. 
Saturday: 10,000.00 USD = 837,200.01 JPY
Sunday morning: 10,000.00 USD = 841,699.98 JPY
You're disappointing me! I cannot hire someone who doesn't understand a concept that Ive been telling several others about.
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Member Since: 4/29/2010
Posts: 7,706
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Too bad there is no going back 
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Banned
Member Since: 3/17/2010
Posts: 4,869
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Quote:
Originally posted by KT&T
Trade Finalized!
Your exchange was correct and transaction was successfully processed.
The only mistake you made was trading the Yen when the US Dollars against Yen is going stronger (Yen is weaker, it takes more yen to make up the same $10,000). So you made a BAD deal.
Saturday: 10,000.00 USD = 837,200.01 JPY
Sunday morning: 10,000.00 USD = 841,699.98 JPY
You're disappointing me! I cannot hire someone who doesn't understand a concept that Ive been telling several others about. |
idungitit So I should trade when the JPY equivalence of 10,000.00 USD is below 837,200.01?
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Member Since: 1/16/2010
Posts: 17,698
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Quote:
Originally posted by Hellohello
idungitit So I should trade when the JPY equivalence of 10,000.00 USD is below 837,200.01? |
Yes, the lower the better, proving the Yen power is rising against US Dollars. Lets hope you do better next time.
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Banned
Member Since: 3/17/2010
Posts: 4,869
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Quote:
Originally posted by KT&T
Yes, the lower the better, proving the Yen power is rising against US Dollars. Lets hope you do better next time.
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I call redo.
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Member Since: 1/16/2010
Posts: 17,698
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Quote:
Originally posted by Hellohello
I call redo. |
Dont your face too much, it may stay like that forevaaa
If you want redo thats okay, that trade is dismissed.
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Banned
Member Since: 3/17/2010
Posts: 4,869
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Quote:
Originally posted by KT&T
Dont your face too much, it may stay like that forevaaa
If you want redo thats okay, that trade is dismissed. |
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Member Since: 8/5/2006
Posts: 63,266
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We still have Sunday Morning Transaction, right?  since Kevin never mentions about the time interval of any trade 
Member: Simon2011
Team: Cosmo
Currency: European Euros
Amount: 500 $
And every of us can trade the total of only $10,000, right? If it's over $10,000, then we can't trade anymore?
And this Round is so quiet, does that mean the APPRENTICE is flopping?
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Member Since: 1/16/2010
Posts: 17,698
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^ I'm putting you into the list with UB for red watchlist. Correct trade up to $10,000 from what you have. Don't cry to me when your currency is flopping.
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Member Since: 9/16/2009
Posts: 7,283
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Member Since: 9/16/2009
Posts: 7,283
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THANKS Remeese!
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Member Since: 10/5/2009
Posts: 137,162
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Quote:
Originally posted by Edi_Shak
THANKS Remeese! |
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