It takes money to make money

How you can gain a sizable return from currency trading

be doing just the opposite.”

  • Pay attention and protect yourself. “You need to monitor your trading activity regularly,” says Raphael. On nights and weekends (including holiday weekends), currency trading goes on around the world.
  • The Risky World of Currency Trading

    To give you an idea of the shifting currency rates that traders have to analyze on a daily basis, BE calculated the exchange rates between the U.S. dollar, Japanese yen, Brazilian real and the euro andother major world currencies.

    Value of Currency per Unit of

    Currency

    Symbol

    U.S.dollar

    Japanese yen

    Brazilian real

    Euro

    Australian dollar

    AUD

    1.5896

    0.0135

    0.8606

    1.7445

    Belgian franc*

    BEF

    36.7562

    0.3130

    19.9005

    40.3399

    British pound

    GBP

    0.6136

    0.0052

    0.3322

    0.6735

    Canadian dollar

    CAD

    1.5182

    0.0129

    0.8217

    1.6655

    Danish krone

    DKK

    6.7755

    0.0577

    3.6691

    7.4375

    Dutch guilder*

    NLG

    2.0079

    0.0171

    1.0873

    2.2040

    Euro

    EUR

    0.9112

    0.0078

    0.4933

    1.00

    French franc*

    FRF

    5.9768

    0.0509

    3.2365

    6.5607

    German mark*

    DEM

    1.7821

    0.0152

    0
    .9650

    1.9562

    Italian lira

    ITL

    1764.2551

    15.0247

    955.3611

    1936.5904

    Japanese yen

    JPY

    117.445

    1.00

    63.5859

    128.8936

    Swiss franc

    CHF

    1.4575

    0.0124

    0.7890

    1.5994

    United States dollar

    USD

    1.00

    0.0085

    0.5413

    1.0972

    *The currencies have been fixed against the euro
    As of 3/18/99
    Source: Bloomberg.com and blackenterprise.com
    Pages: 1 2
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