I admit: I've been wrong.
For years I've been predicting that the Dominican currency would devaluate against the 'hard' currencies.
Well, sometimes it did, but at times it didn't.
And at the moment the Dominican Peso (Mind you, money which would not even buy you a chewing gum outside this country...) fares relatively strong.
Here some entries from my cheque book (mm/yy: DR$ / US$):
10/1996: 13,70
10/1997: 14,22
10/1998: 15,70
02/1999: 16,00
01/2000: 16,00
01/2001: 16,70
12/2001: 17,00
08/2002: 18,20
11/2002: 20,25
03/2003: 23,20
05/2003: 25,00
06/2003: 28,50
07/2003: 34,50
09/2003: 27,50
10/2003: 37,50
01/2004: 41,20
02/2004: 53,00
03/2004: 46,00
06/2004: 48,80
07/2004: 41,50
08/2004: 44,20 (change of Government))
09/2004: 37,30
10/2004: 28,00
10/2004: 32,20
12/2004: 28,00
01/2005: 30,00
02/2005: 28,25
03/2005: 27,20
04/2005: 28,20
06/2005: 28,80
08/2005: 28,90
09/2005: 30,60
10/2005. 32,60
12/2005: 33,80
02/2006: 34,45
03/2006: 32,30
04/2006: 32,00
05/2006: 32,50
08/2006: 32,50
11/2006: 33,50
01/2007: 33,20
02/2007: 33,30
Of course, in the meantime I have developped my little frog theory, why this MMMoney is so strong... but I'd like to hear from the experts first.
m'frog
For years I've been predicting that the Dominican currency would devaluate against the 'hard' currencies.
Well, sometimes it did, but at times it didn't.
And at the moment the Dominican Peso (Mind you, money which would not even buy you a chewing gum outside this country...) fares relatively strong.
Here some entries from my cheque book (mm/yy: DR$ / US$):
10/1996: 13,70
10/1997: 14,22
10/1998: 15,70
02/1999: 16,00
01/2000: 16,00
01/2001: 16,70
12/2001: 17,00
08/2002: 18,20
11/2002: 20,25
03/2003: 23,20
05/2003: 25,00
06/2003: 28,50
07/2003: 34,50
09/2003: 27,50
10/2003: 37,50
01/2004: 41,20
02/2004: 53,00
03/2004: 46,00
06/2004: 48,80
07/2004: 41,50
08/2004: 44,20 (change of Government))
09/2004: 37,30
10/2004: 28,00
10/2004: 32,20
12/2004: 28,00
01/2005: 30,00
02/2005: 28,25
03/2005: 27,20
04/2005: 28,20
06/2005: 28,80
08/2005: 28,90
09/2005: 30,60
10/2005. 32,60
12/2005: 33,80
02/2006: 34,45
03/2006: 32,30
04/2006: 32,00
05/2006: 32,50
08/2006: 32,50
11/2006: 33,50
01/2007: 33,20
02/2007: 33,30
Of course, in the meantime I have developped my little frog theory, why this MMMoney is so strong... but I'd like to hear from the experts first.
m'frog
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