Yes definitely. As long as the European economy stays in slump, we can expect rise in this rate. If Paypal has stopped auto-withdrawal, I would suggest holding the money OR withdraw some portion of it.
WHATS the current maximum incoming money transaction limit? Still 500 USD? or 1500 now i need for personal accounts only! reply asap!
No wonder RBI wants to put an end to Paypal in India. When some mugs here have been selfishly happy about the increase in dollar value!
Still paypal is paying very low conversion rate they are giving more than 2 INR per USD less to the indian users.
That's not the answer to my question "WHATS the current maximum incoming money transaction limit?[/B]
man i prefer $ 45 or 46 because that certainly not harm other economies . also i would like to see PAYPAL letting us all indian users buy at least 10$ worth products per month .i certainly want to buy a domain
Currency Exchange rates always fluctuate except if a reserve bank (of any country) pegs it against some common currency say dollar and intervenes (buys or sells, as per discretion) and that too efficiently to protect that peg/value. (Bank of England was almost 'broken' by George Soros , who made billions in a day ...http://en.wikipedia.org/wiki/Black_Wednesday) Chinese yuan was similarly protected from appreciation against USD from long (when the dollar index was falling). Chink'is are bit relaxed now when US FED has talked about a bill of taxes for chinese imports (making Chinese exports cheaper is the policy for pegging the yuan till now) As far as guessing things like.. it will go up and its falling and this & that...thats simply ILLOGICAL. If one is a technical analyst or who tracks prices esp. of currencies, he/she tracks charts and price action and thus a LOGICAL person to sought advise from (esp. for those who trade foreign currencies; USD/INR pair is a shitty pair to trade with crap liquidity ) REMEMBER, illiquid pairs like these can't even be analyzed properly, technically as their value is not 'commonly' controlled by "Free markets" Therefore...just sit cool and withdraw and deposit normally...just like doing normal business! You can't time things. (will probably end up f**ked up, in net profit/loss) Just FYI - USDINR is horribly illiquid, relative to many major as well as minor foreign currency pairs. - RBI is too protective till now (nothing wrong in though) - RBI also doesn't have that "BIG" firepower (money reserve) to act in foreign exchange markets, by itself. (Governor has hinted about the inability few days back & talked about market does its own). In true sense its the 'free market' which decides whats the value/ "Aukaad" of a currency - I am sure RBI will not intervene till may be RS depreciates to 60/usd. (Then too it would just be temporary...if USD index is really moving up in coming months ---RISK AVERSE Move) - The central bank known for its interventions is SNB (Swiss national bank) and you dont f**k with that bank. On Sept 2 2011, Currency EURCHF noticed the biggest change /day in the value of a fx pair... close to 10%, when this BEAST intervened along with strong talk of pegging the EURO to 1.2 CHF (Swiss Franc) . SNB had its own failures but it stands by what it says. - Bank of Japan (BOJ) is doing failed interventions for japanese yen against USD, since decades..still on these days. So forget about RBI's crap (except if any govt. legislation/major policy change occurs...unlikely with FII outflows and india's GDP slowing down....the reason for FDI policy adopted by govt ..few days back) Hope this helps
OMG I can't believe its back to life time high Paypal rate 50.8 + Original rate 52.85 and its going high every hour :O