Good for foreign investors !

shaankh · 1 Good for foreign investors ! Wed Jun 13, 2012 9:54 pm

shaankh

Manager - Equity Analytics

Posts : 144
Equity Stars : 5053
Reputation : 0
Join date : 2011-02-01
Age : 50
Location : London

Central bank struggle to keep rupee up. I think dolar will come to 140/=. Bearish stock exchange will give a good bargain for foreign investors.
However, I expect market to drop further before it will pick up.

shaankh · 2 Re: Good for foreign investors ! Wed Jun 13, 2012 9:56 pm

shaankh

Manager - Equity Analytics

Posts : 144
Equity Stars : 5053
Reputation : 0
Join date : 2011-02-01
Age : 50
Location : London

Rupee would be lowest in august according to ruetor news.

traderathome · 3 Re: Good for foreign investors ! Wed Jun 13, 2012 10:32 pm

traderathome

Senior Vice President - Equity Analytics

Posts : 2485
Equity Stars : 7185
Reputation : 133
Join date : 2012-02-26
Age : 50
Location : Abu Dhabi

shaankh wrote:Rupee would be lowest in august according to ruetor news.

you mean 150 ish like good matchang i live in abudhabi as per my salary exchange gain will be almost equal to average salary of an accountant in srilanka...... Very Happy

this matchang nikan idang...thanks Cabbo you have to longlive in CB Cool

shaankh · 4 Re: Good for foreign investors ! Wed Jun 13, 2012 10:49 pm

shaankh

Manager - Equity Analytics

Posts : 144
Equity Stars : 5053
Reputation : 0
Join date : 2011-02-01
Age : 50
Location : London

traderathome wrote:

shaankh wrote:Rupee would be lowest in august according to ruetor news.

you mean 150 ish like good matchang i live in abudhabi as per my salary exchange gain will be almost equal to average salary of an accountant in srilanka...... this matchang nikan idang...thanks Cabbo you have to longlive in CB

http://www.exchangerates.org.uk/Pounds-to-Sri-Lankan-Rupees-currency-conversion-page.html

I usually follow money market before converting fc. This might work for you as well.

Remember latest prediction says rupee will depreciate mostly at the end of this year. But I don't belive it will be.
However, if you wish to invest the money you convert in CSE be careful at the monent.

traderathome · 5 Re: Good for foreign investors ! Wed Jun 13, 2012 10:53 pm

traderathome

Senior Vice President - Equity Analytics

Posts : 2485
Equity Stars : 7185
Reputation : 133
Join date : 2012-02-26
Age : 50
Location : Abu Dhabi

shaankh wrote:

traderathome wrote:

shaankh wrote:Rupee would be lowest in august according to ruetor news.

you mean 150 ish like good matchang i live in abudhabi as per my salary exchange gain will be almost equal to average salary of an accountant in srilanka...... this matchang nikan idang...thanks Cabbo you have to longlive in CB

http://www.exchangerates.org.uk/Pounds-to-Sri-Lankan-Rupees-currency-conversion-page.html

I usually follow money market before coverting. This might work for you as well.

Remember latest prediction says rupee will depreciate mostly at the end of this year. But I don't belive it will be.
However, money you convert if you wish to investin CSE be careful at the monent.

end of the year...anyone having charts for the last 5 years of average usd rate for srilanka month wise tongue

that should help us to factor the seasonal deviations Shocked

sriranga · 6 Re: Good for foreign investors ! Thu Jun 14, 2012 12:11 am

sriranga

Co-Admin

Posts : 6822
Equity Stars : 23026
Reputation : 2855
Join date : 2011-02-01
Location : London

traderathome wrote:

shaankh wrote:

traderathome wrote:

shaankh wrote:Rupee would be lowest in august according to ruetor news.

you mean 150 ish like good matchang i live in abudhabi as per my salary exchange gain will be almost equal to average salary of an accountant in srilanka...... this matchang nikan idang...thanks Cabbo you have to longlive in CB

http://www.exchangerates.org.uk/Pounds-to-Sri-Lankan-Rupees-currency-conversion-page.html

I usually follow money market before coverting. This might work for you as well.

Remember latest prediction says rupee will depreciate mostly at the end of this year. But I don't belive it will be.
However, money you convert if you wish to investin CSE be careful at the monent.

end of the year...anyone having charts for the last 5 years of average usd rate for srilanka month wise that should help us to factor the seasonal deviations

Major foreign currency rates from 03/01/2005 to 31/05/2012,please follow the link below.
http://research.srilankaequity.com/t423-buying-and-selling-foreign-currency-03-01-2005-31-05-2012#484

Last edited by sriranga on Thu Jun 14, 2012 1:08 am; edited 1 time in total

Antonym · 7 Re: Good for foreign investors ! Thu Jun 14, 2012 12:20 am

Antonym

Vice President - Equity Analytics

Posts : 1090
Equity Stars : 7443
Reputation : 275
Join date : 2011-02-09

shaankh wrote:Rupee would be lowest in august according to ruetor news.

Cabraal takes the view that (i) GDP growth this year will be 7.2% and (ii) Around September, the LKR would settle at 125 per USD. Watch the 4-minute interview here:
http://www.bloomberg.com/video/94551797-sri-lanka-rates-unchanged-to-boost-growth.html

Slstock · 8 Re: Good for foreign investors ! Thu Jun 14, 2012 12:22 am

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13368
Reputation : 1158
Join date : 2011-01-22

Antonym wrote:

shaankh wrote:Rupee would be lowest in august according to ruetor news.

Cabraal takes the view that (i) GDP growth this year will be 7.2% and (ii) Around September, the LKR would settle at 125 per USD. Watch the 4-minute interview here:
http://www.bloomberg.com/video/94551797-sri-lanka-rates-unchanged-to-boost-growth.html

Sadly I am finding more and more hard to believe him. But i really hope for Sri Lankan economy sake it happens by then.

Antonym · 9 Re: Good for foreign investors ! Thu Jun 14, 2012 12:39 am

Antonym

Vice President - Equity Analytics

Posts : 1090
Equity Stars : 7443
Reputation : 275
Join date : 2011-02-09

slstock wrote:
Sadly I am finding more and more hard to believe him. But i really hope for Sri Lankan economy sake it happens by then.

@slstock: Do you remember the Iraqi Information Minister during the 2003 invasion of that country? While his country was being overrun, he famously made statements like:
"No I am not scared, and neither should you be!"
"Be assured. Baghdad is safe, protected."
"I triple guarantee you, there are no American soldiers in Baghdad."
"We are in control. They are in a state of hysteria."
And finally, "Yes, the american troops have advanced further. This will only make it easier for us to defeat them"

Does he remind you of anyone? Smile

Rizmi · 10 Re: Good for foreign investors ! Thu Jun 14, 2012 1:08 am

Rizmi

Manager - Equity Analytics

Posts : 220
Equity Stars : 4849
Reputation : 24
Join date : 2012-05-10
Location : London

I think the Rupee will slide to Rs. 140 before end of the month..

K.Haputantri · 11 Re: Good for foreign investors ! Thu Jun 14, 2012 7:53 am

K.Haputantri

Co-Admin

Posts : 2274
Equity Stars : 8876
Reputation : 390
Join date : 2011-12-06
Age : 74
Location : Moratuwa

Antonym wrote:

slstock wrote:
Sadly I am finding more and more hard to believe him. But i really hope for Sri Lankan economy sake it happens by then.

@slstock: Do you remember the Iraqi Information Minister during the 2003 invasion of that country? While his country was being overrun, he famously made statements like:
"No I am not scared, and neither should you be!"
"Be assured. Baghdad is safe, protected."
"I triple guarantee you, there are no American soldiers in Baghdad."
"We are in control. They are in a state of hysteria."
And finally, "Yes, the american troops have advanced further. This will only make it easier for us to defeat them"

Does he remind you of anyone?

Antonym, Mewwata Kiyanne Katin Bathala Kola Hitawanawa Kiyala ne. We have a bunch of farmers of this category right now. God save the country.

Redbulls · 12 Re: Good for foreign investors ! Thu Jun 14, 2012 10:06 am

Redbulls

Director - Equity Analytics

Posts : 6053
Equity Stars : 16061
Reputation : 770
Join date : 2012-02-14

sriranga wrote:Major foreign currency rates from 03/01/2005 to 31/05/2012,please follow the link below.
http://research.srilankaequity.com/t423-buying-and-selling-foreign-currency-03-01-2005-31-05-2012#484

Thanks a lot for the link.