Blind Bet Poker Forum

Go Back   Blind Bet Poker Forum > Chit Chat > Off Topic
Register
FAQ Members List CalendarChat Room Search Today's Posts Mark Forums Read

Hollywood Poker | Paradise Poker | Inter Poker | Noble Poker | Ultimate Bet | Bodog Poker
Full Tilt Poker - 100% Deposit Bonus UP TO $600 | Titan Poker - WPT Legends of Poker 2006
Doyles Room - 110% Deposit Bonus UP TO $550 | Party Poker - $20 Million in Monster Freerolls

Reply
 
Trackback Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 05-14-06, 04:38 AM
nxtyear's Avatar
nxtyear nxtyear is offline
Chip Leader
 
Join Date: Aug 2005
Location: UK
Posts: 277
BBP Points: 0
Default Pounds vs Dollar - Exchange rate issues

so the dollar is weakening everyday these days.
the rate between pounds vs Dollar is now at:
1 pound = $1.90

a month ago it was at 1.75, two month ago it was at 1.73

now i'm not genius at this and probably have the least knowledge about finance (although i take a finance module in uni.. which is embarrassing)

but could a profit be made out of this using just the partypoker software?

if i deposit to partypoker in pounds, the site gives a prettty good exchange rate with mininal fees.

so i deposit, keep the money in USD in my account, and when the dollar strengthens again, i withdraw to my GBP based card.

is this a stupid idea? what are the problems if there are any?
i'm sure there are some of you that knkow abit about financing and investing so i hope to hear some views!
Reply With Quote
  #2 (permalink)  
Old 05-14-06, 11:51 AM
956Vette 956Vette is offline
Bust
 
Join Date: Apr 2006
Posts: 8
BBP Points: 0
Default

If you ever take international finance (usually a senior level course), you will study arbitrage. You will also conduct an experiment on one of several currency trading sites. It will teach you a lot. At the end of the day though, you will learn the law of arbitrage...that there is none

I love learning how people conduct these though, and i have to say, you have a great idea!
Reply With Quote
Reply


Thread Tools Search this Thread
Email this Page Email this Page
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Forum Jump



All times are GMT -7. The time now is 05:39 PM.


© Copyright 2006 BlindBetPoker.com. All rights reserved.
Sitemap: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Search Engine Optimization by vBSEO 3.0.0 RC3