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BillyR

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About BillyR

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  1. The złoty (golden) is a traditional Polish currency unit dating back to the late Middle Ages. Initially, in the 14th and 15th centuries, the name was used for all kinds of foreign gold coins used in Poland, most notably Venetian and Hungarian ducats, (however, in Ukraine, Volyn and Galicia, the name for them were the золотий - golden). One złoty at the very beginning of their introduction cost 12–14 groszy; however, grosz had less and less silver as time passed. In 1496 the Sejm approved the creation of a national currency, the złoty, and its value was set at 30 groszy, a coin minted since 1347 and modelled on the Prague groschen, and a ducat (florin), whose value was 1 1⁄2 złoty. The 1:30 proportion stayed (1⁄2 of a kopa), but the grosz became cheaper and cheaper, because the proportion of silver in the coin alloy diminished over time. In the beginning of the 16th century, 1 złoty was worth 32 groszy; by the middle of the same century it was 50 groszy; by the reign of Sigismund III Vasa 1 złoty was worth 90 groszy, while a ducat was worth 180 groszy. The name złoty (sometimes referred to as the florin) was used for a number of different coins, including the 30-groszy coin called the polski złoty, the czerwony złoty (red złoty) and the złoty reński (the Rhine guilder), which were in circulation at the time. However, the value of the Polish złoty dropped over time relative to these foreign coins, and it became a silver coin, with the foreign ducats eventually circulating at approximately 5 złotych. The matters were complicated by the extremely intricate system of coins, with denominations as low as 1⁄3 groszy and as high as 12,960 groszy fit into one coin. There were no usual decimal denominations we use today: the system used 4, 6, 8, 9 and 18 groszy, which are now most uncommon. Moreover, there was no central mint, and, apart from Warsaw mint, there were the Gdańsk, Elbląg and Kurland (Riga) separate mints which did not produce the same denomination coins with the same materials. For example, the szeląg had 1.3g of copper while minted in either Kraków or Warsaw, but the local Gdańsk and Elbląg mints made it using only 0.63g of copper. This facilitated forgeries and wreaked havoc in the Polish monetary system Following the monetary reform carried out by King Stanisław II Augustus which aimed to simplify the system, the złoty became Poland's official currency and the exchange rate of 1 złoty to 30 groszy was confirmed. The king established the system which was based on the Cologne mark (233.855 g of pure silver). Each mark was divided into 10 Conventionsthaler of the Holy Roman Empire, and 1 thaler was worth 8 złotych (consequently, 1 złoty was worth 4 grosze. The system was in place until 1787. Two devaluations of the currency occurred in the years before the final partition of Poland. After the third partition of Poland, the name złoty existed only in Austrian and Russian lands. Prussia had introduced the mark instead. exchange rate british pound to polish zloty
  2. Sweden joined the European Union in 1995 and its accession treaty has since obliged it to adopt the euro once the country is found to comply with all the convergence criteria. However, one of the requirements for eurozone membership is two years' membership of ERM II, and Sweden has chosen not to join this mechanism, which would peg the Swedish currency to the euro ±2.25%. The SEK floats freely alongside other currencies. Most of Sweden's major parties believe that it would be in the national interest to join, but they have all pledged to abide by the result of the referendum. The EU has accepted that Sweden is staying outside the eurozone on its own decision. Olli Rehn, the EU commissioner for economic affairs has said that this is up to Swedish people to decide. Despite this, the euro can be used to pay for goods and services in some places in Sweden. Sweden does not currently use the euro as its currency and has no plans to replace the krona in the near future. Sweden's Treaty of Accession of 1994 made it subject to the Treaty of Maastricht, which obliges states to join the eurozone once they meet the necessary conditions. Sweden maintains that joining the ERM II (a requirement for euro adoption) is voluntary, and has chosen to remain outside pending public approval by a referendum, thereby intentionally avoiding the fulfilment of the adoption requirements Convert sterling to swedish krona
  3. The Canadian Dollar reversed course and slumped during the noon session Friday after data showed a surprise contraction in the value of Canadian retail sales at the end of the first-quarter and a minor fall in April inflation. This has overshadowed the rising oil prices, which are now at multi-year highs, and optimism over a deal to save the North American Free Trade Agreeement that had previously supported the currency. Statistics Canada data showed "core" Canadian retail sales, which exclude automobiles from the figures, contracting by -0.2% during March when markets had been looking for them to rise by 0.5%. Total retail sales rose by 0.6% during the month, much faster than the 0.3% growth forecast, but this number includes sales of large ticket items like cars that are excluded from the "core" figure given their distortionary effect on underlying trends. "Canadian retailing moved higher after a few flat months late last year and in early 2018, although you had to be selling cars to feel that lift in March. Overall retail sales climbed 0.6%, but strip out auto dealers, and sales came in well below consensus with a 0.2% decline," says Avery Shenfeld, chief economist at CIBC Capital Markets. Right now 1 gbp to cad is 1,7317
  4. The Danish krone is the official currency of the Kingdom of Denmark, Greenland and the Faroe Islands. The krone is regulated by the Danmarks Nationalbank, which is the nation’s central bank, and it has the currency code of DKK and the symbol kr. While the code appears before the value, the symbol comes after it. The krone is divided into 100 ore. The currency comes in the form of several banknotes and coins. At the time of report, the krone is pegged to the euro because of Denmark’s participation in ERM II, an agreement established on Jan. 1, 1999 to manage the risks associated with currency fluctuations.1) Because of this agreement, the Danish currency is pegged at 7.46038 krone per euro and is allowed to fluctuate 2.25% higher or lower than this exchange rate. You can see usd to dkk exchange rate right now is 6,3350
  5. Hello very interesting explanation, I would like to know if that can be automatic forex trading program with c to make an EA of that technique or if I am without knowledge and there is already an EA of this strategy
  6. USD/JPY bulls and the Nikkei 225 are both testing rising support at the same time in each of the charts above. If understanding forex trading basics then USD/JPY and Nikkei bulls do not want to see support break by each of these at the same time. Humbly this seems like an important test for both at the same time!!!
  7. The dollar-bloc currencies are extending their recent losses, and important technical levels have been approached. The Australian dollar, which had been probing $0.8100 at the end of last month is now testing $0.7800. In today forex market analysis the $0.7820 area housed the 50% retracement of the rally from early December. The 61.8% objective is near $0.7745.
  8. Considering that yesterday’s drop came to around 150 pips, a good initial target for buyers would be to return to the trend line at 1.2358 in live currency rates. If the daily candlestick closes above 1.23, this would create a buy signal. If the hour closes below 1.2238, however, this will scupper any growth prospects.
  9. Hello Everyone, I am new here, I glad to know about this forum, is very interesting site for learn about markets
  10. I think that ECN brokers are the right to scalp and Brokers are the integral part of the Forex Trading, however, it's good that the broker gives you forex trading training online so that new traders learn to operate in the financial market, especially the most liquid market such as forex trading.
  11. Thanks for share interesting article about cryptocurrencies, it's very nice to invest with currency trading broker through CFD. This emerging cryptocurrency market attracts a lot to take advantage of its fluctuations
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