Latest Posts

  • Big Mac

    Aug 1, 2008 / 6:22am / in Uncategorized, Forex News

    The theory of Purchasing Price Parity is hard to digest because of the fact that is so abstract and it does not apply non-tradable goods.PPP is a theory that states all goods will cost the same across borders, because if one country charges more then consumers will change their spending patterns.There are a number of assumptions perfect information, immediate capital flows, etc.The theory does have relevancy in the currency market, because it can help traders distinguish over valued currencies.The Big Mac index developed by the Economist magazine is a great way to explai

    Read More

  • Recent USD Rally… Why?

    Jul 23, 2008 / 4:35pm / in Uncategorized, Forex News

    st1:*{behavior:url(#ieooui) }

    Read More

Currency Converter