Rykk wrote:
> John P. Mullen wrote:
> 
>> Rykk wrote:
>>
>>>
>>> "John P. Mullen" <jomullen@zianet.com> wrote in message
>>> news:41a3eea0@nntp.zianet.com...
>>>
>>>
>>> Tut Tut.  Apparently you didn't do your research.  That link does not
>>> even cover most currencies.  It also doesn't provide year by year
>>> comparisons to clarify whether a currency is pegged or not.
>>>
>>> see http://www.investopedia.com/articles/03/020603.asp.  Even pegged
>>> currencies can vary a bit.
>>>
>>
>> Well, this link you supplied states, at the end:
>>
>> "Although the peg has worked in creating global trade and monetary
>> stability, it was used only at a time when all the major economies
>> were a part of it. And while a floating regime is not without its 
>> flaws, it
>> has proven to be a more efficient means of determining the long term
>> value of a currency and creating equilibrium in the international
>> market."
>> I take "was used" to mean currencies are no longer pegged.
> 
> 
> All world currencies USED to be pegged to the USD.  Now most are not.
> 
>>
>> :-)
>>
>>> This link is much better
>>> http://en.wikipedia.org/wiki/Table_of_historical_exchange_rates
>>> Just look for the lines where the exchange rate vs the US dollar does
>>> not change year by year.  Just to name the top five from the list, 
>>> the East Caribbean Dollar, the Argentine peso, the Aruban Florin, the
>>> Bahamian Dollar, the Barbadian Dollar.  Note that the list in
>>> alphabetical order, not in order of importance.  Then there are the
>>> countries that didn't even bother to have thier own currency.  They
>>> just use the US dollar.
>>>
>>
>> Er, this is 1997 data.  Care to move it up a decade?
> 
> 
> Er.  Says 2004 at the bottom.  The left column is 2003.  Moving it up a 
> decade (2013) would be difficult.  But let me know when you do.
> 
>>
>>
>>> To name a few currencies that are pegged to the USD that you may have
>>> heard of before include the: Chinese Yuan 8.2xxx, Hong Kong Dollar
>>> 7.7xxx, Iranian Rial 7,900, Malaysia Ringgit 3.8, Netherlands
>>> Antillian Guilder 1.79, United Arab Emirates Emirati dirham 3.6725.
>>>
>>
>> You got something less than ten years old to support that?
> 
> 
> Read the headers more carefully.
> 
> Rykk


Well, I did read the columns wrong.

BTW, there is more data at this site you might want to take a gander at. 
  This chart shows the USD has been falling relative to the Euro since 
1971.  Looks like things improved from about 1996 to 2001, but has taken 
a bed turn since 2002.

http://www.kshitij.com/graphgallery/eurmth.shtml

On the other hand, we seem to be doing well against the Yen.

http://www.kshitij.com/graphgallery/jpycandle.shtml

Go figure.

ANyhow, as I pointed out in other posts, aside from China, most 
countries who peg their currency to the dollar do not have the ability 
to control the impact of the US debt.  And, the Chinese may not peg much 
longer.

John Mullen