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Sri Lanka Equity Forum » Stock Market Talk » DOLLAR MOVING UP UP

DOLLAR MOVING UP UP

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1 DOLLAR MOVING UP UP on Fri Sep 21, 2018 3:45 pm

Ahcha

Ahcha
Senior Equity Analytic
Senior Equity Analytic
Dollar appreciate Rupee decreasing Export companies good. New comer foreigners okay old foreigners holding shares loss ASI may go down to 5500 soon?

2 Re: DOLLAR MOVING UP UP on Fri Sep 21, 2018 3:51 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Ahcha wrote:Dollar appreciate Rupee decreasing Export companies good. New comer foreigners okay old foreigners holding shares loss ASI may go down to 5500 soon?
How about the export companies with significant import value additions??? The margins shrink and company closes down. Bohoth Achcha nahi

ASI will witness a free fall under gravity!

3 Re: DOLLAR MOVING UP UP on Fri Sep 21, 2018 5:56 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@samaritan wrote:
@Ahcha wrote:Dollar appreciate Rupee decreasing Export companies good. New comer foreigners okay old foreigners holding shares loss ASI may go down to 5500 soon?
How about the export companies with significant import value additions??? The margins shrink and company closes down. Bohoth Achcha nahi

ASI will witness a free fall under gravity!
Exporter may be paid in Sri Lankan rupees. Thats the only possibility to shrink the profit

4 Re: DOLLAR MOVING UP UP on Fri Sep 21, 2018 7:02 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sri Lanka Rupee fell by over 2201% against US Dollar in a 41 year history from 1977-2018-September 20 2018



Enlarge this image Click to see fullsize

Sri Lanka’s Rupee has fallen by over 2201% against US Dollar in a 41 year history since the economy was opened to the globe in 1977, the analysts notes. Accordingly as at January 1st 1977 US Dollar exchange rate in terms of Sri Lankan Rupees stood at Rs. 7.27 levels whilst as at 19th September 2018 nearly 41 year history US Dollar had appreciated making Sri Lankans pay over Rs. 167.4125 (Central Bank announced Telegraphic Transfer Rate as 19 September 2018) for a US Dollar.

http://bizenglish.adaderana.lk/sri-lanka-rupee-fell-by-over-2201-against-us-dollar-in-a-41-year-history-from-1977-2018/

5 Where we are on Fri Sep 21, 2018 7:47 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Americans-The Pre-Columbian Era is the time before Christopher Columbus went to America in 1492. The history of the United States is what happened in the past in the United States, a country in North AmericaNative Americanshave lived there for thousands of years. English people in 1607 went to the place now called Jamestown, Virginia.


Sri lankans-The earliest human remains found on the island of Sri Lanka date to about 35,000 years ago (Balangoda Man).
The proto-historical period begins roughly in the 3rd century, based on chronicles like the MahavamsaDipavamsa, and the Culavamsa.[1][2][3][4] The earliest documents of settlement in the Island are found in these chronicles.

“The Ceylon rupee traded 1:1 with the Indian rupee at the time of Independence and devalued with sterling and the Indian rupee in September 1949 to Rs.4.76 per United States dollar."


No one going to save you, so don't wait and waste your time for politics.Save your self Wink Wink Wink


Listen to previous regime supporters and Wait till 2020 or invest wisely now Idea

6 Re: DOLLAR MOVING UP UP on Sat Sep 22, 2018 10:30 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The Govt's behaviour as at now is like a unhappy tenant who has been given notice to vacate the house within one year.
will not clean the house, stop watering plants, do some unwanted damage, not even carryout any reasonable maintenance.
If there is a murunga tree, pluck all the drumsticks and leave the leaves only.

7 Re: DOLLAR MOVING UP UP on Tue Sep 25, 2018 3:06 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
There is a talk that some big time property developers had wanted the govt to allow depreciation of the rupee to a predetermined level without any intervention in order to bail them out. Soon after it reaches the comfort zone the CB is expected to get into action. Let's wait & see.

8 Re: DOLLAR MOVING UP UP on Tue Sep 25, 2018 7:20 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:There is a talk that some big time property developers had wanted the govt to allow depreciation of the rupee to a predetermined level without any intervention in order to bail them out. Soon after it reaches the comfort zone the CB is expected to get into action. Let's wait & see.

Every Country runs by few wealthy business men and they use politicians/Clergy and media to control people. Wink

I am 100% agreed on your point and till Budget comes out they give a chance to collect everything from retailers + as you mention above bail out.

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