Too bad the world can no longer buy the
Spanish peseta and Italian lira when the Fed tightens!
The aim of this paper is to contrast the theory of purchasing power parity (PPP) in the case of the
Spanish peseta against the dollar, the franc and the pound.
Q I'VE just found some
Spanish peseta notes left unspent from a past holiday.
"By redeeming [the coupons] in Boston rather than Barcelona," writes Zuckoff, "Ponzi would earn a profit before expenses of ten cents, or ten percent on each dollar's worth of coupons he bought in Spain and redeemed in the United States" And the Italian lira had suffered even worse than the
Spanish peseta. Ponzi dreamed of conjuring up his contacts in his native land, having them ship over coupons by the boatload, and making a killing.
dollar, the Euro, and the
Spanish peseta. You can also link to free currency translators such as XE.com (www.xe.com), which updates every minute and gives you a list of currencies from the Algerian Dinar to the Turkish Lira.
FAREWELL then,
Spanish peseta. Or should that be "adios, amigo"?
Local currency is the
Spanish peseta and, with the favourable exchange rate, a three-course meal for two with bread, wine, water and coffees rarely costs more than pounds 15-20 - hardly a wallet-crushing affair even in the island's two best restaurants.
Worst Mistake: In a campaign of 150,000 pieces mailed to Mexico, the value of the
Spanish peseta was used instead of the Mexican peso when converting a price.
(Per Unit) 16.11 15.25 Malaysian ringgit (Per Unit) - - Singapore dollar (Per Unit) 71.26 69.60
Spanish peseta (Per 100 Units) 80.47 78.67 Portuguese escudo (Per Unit) 0.67 0.65 Thai baht (Per Unit) 3.36 3.20 Indian rupee (Per Unit)
In March, speculative attacks on the
Spanish peseta in the context of more generalised exchange market turbulence led to a realignment of central rates in the European Exchange Rate Mechanism (ERM), including a reduction in the central value of the escudo by 3.5 per cent.
He said a combination of moderate pricing and the
Spanish peseta finding its true level (at about 130 pesetas to the dollar) were positive factors in cava growth.
Neither was the Irish punt ever overvalued, nor was there any good reason for the
Spanish peseta to have been devalued three times in six months.
Spanish peseta - formerly the basic unit of money in Spain; equal to 100 centimos