On Sun, 7 Apr 1996, jim bell wrote:
That assumes that there is "profit" from exchanging currencies. On any given transaction, there is never any "profit." The only thing that might be called a profit is a difference in exchange rates, and that really isn't an increase in wealth at any point. Ask that CPA to look it up.
If I recall correctly, don't currency traders make REAL money by doing just that. By moving money into different currencys and taking advantage of minor fluctuations and differences in exchange rates at different exchanges, these traders sometimes make a LOT of REAL money. I am not sure, but I think that it is called arbitrage trading or something like that. Just my $.02 US - $.05 Canadian <G> Tim Philp =================================== For PGP Public Key, Send E-mail to: pgp-public-keys@swissnet.ai.mit.edu In Subject line type: GET PHILP ===================================