Trade Middle East Currencies http://www.theforexnittygritty.com/forex/trade-middle-east-currencies Is now the time to trade Middle East currencies? The region is in turmoil which typically leads to currency volatility. Wars raging in Syria, Iraq and Libya essentially make these countries failed states. So is the only choice to flee to safe haven currencies? Forex exchange trading can be the most profitable in times of high volatility and it can also be the most dangerous. First of all what are the currencies most likely to be affected by events in the Middle East as well as North Africa. Trade Middle East Currencies The Middle East encompasses a majority of Western Asia excluding the Caucasus and Egypt. These are the nations of the region, their currencies and currency symbols. We have added Libya as it lies next to Egypt and is part of chaos that currency plagues the Middle East. visit www.TheForexNittyGritty.com to see table Libya is a major oil producer. Its currency commonly trades close to the value of the US dollar. Despite the overthrow of the Kaddafi government and civil unrest the value of the Libyan Dinar had been rising in the eighty-two cent range and then took a fall with the current fighting. Nevertheless, it appears that the strength of the oil driven economy is such that traders are not bailing out of the Libyan Dinar. The Egyptian pound has historically traded at about a sixth of the USD. Since the overthrow of the Morsi regime the pound fell to 1 EGP = 14 cents. But the strong military government seems to be bringing calm to currency markets and the EGP is currently stable. One Syrian pound is currency worth 67/100 of a US cent. Five years ago before the country fell apart in civil war one Syrian pound was worth 2.25 cents. The value of the SYP could fall father if the civil war worsens and the Islamic Caliphate takes over the region covering eastern Syria and western Iraq. Iraq’s currency used to trade one IQD = 9/100 of a cent five years ago and the lowest it has traded in five years is one IQD = 8/100 of a cent. Its price curve is very irregular consistent with a thinly traded currency. The Saudi Arabia currency, the SAR, routinely trades at 1 SAR = 27 cents. The fact that Saudi Arabia is one of the world’s major oil producers is likely why this currency remains so stable. And there is no war directly on Saudi borders. Despite the war in Gaza the Israeli new shekel has been going up from 25 cents in mid 2012 to more than 29 cents today. Intraday trading has been up to $0.2926 and down to $0.2911.

1. By
www.TheForexNittyGritty.com
Trade Middle East
Currencies

2. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
Is now the time to trade Middle East
currencies?

3. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
The region is in turmoil which
typically leads to currency
volatility. Wars raging in Syria, Iraq
and Libya essentially make these
countries failed states.

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5. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
So is the only choice to flee to safe
haven currencies? Forex
exchange trading can be the most
profitable in times of high volatility
and it can also be the most
dangerous.

6. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
First of all what are the currencies
most likely to be affected by
events in the Middle East as well
as North Africa?

7. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
Trade Middle East Currencies

8. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
The Middle East encompasses a
majority of Western Asia excluding
the Caucasus and Egypt.

9. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
These are the nations of the region,
their currencies and currency
symbols.

10. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
We have added Libya as it lies next
to Egypt and is part of chaos that
currency plagues the Middle East.

11. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
See the table at
www.TheForexNittyGritty.com.

12. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
Libya is a major oil producer. Its
currency commonly trades close
to the value of the US dollar.

13. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
Despite the overthrow of the
Kaddafi government and civil
unrest the value of the Libyan
Dinar had been rising in the
eighty-two cent range and then
took a fall with the current fighting.

14. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
Nevertheless, it appears that the
strength of the oil driven economy
is such that traders are not bailing
out of the Libyan Dinar.

15. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
The Egyptian pound has historically
traded at about a sixth of the USD.
Since the overthrow of the Morsi
regime the pound fell to 1 EGP =
14 cents.

16. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
But the strong military government
seems to be bringing calm to
currency markets and the EGP is
currently stable.

17. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
One Syrian pound is currency worth
67/100 of a US cent. Five years
ago before the country fell apart in
civil war one Syrian pound was
worth 2.25 cents.

18. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
The value of the SYP could fall
father if the civil war worsens and
the Islamic Caliphate takes over
the region covering eastern Syria
and western Iraq.

19. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
Iraq’s currency used to trade one
IQD = 9/100 of a cent five years
ago and the lowest it has traded in
five years is one IQD = 8/100 of a
cent. Its price curve is very
irregular consistent with a thinly
traded currency.

20. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
The Saudi Arabia currency, the
SAR, routinely trades at 1 SAR =
27 cents.

21. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
The fact that Saudi Arabia is one of
the world’s major oil producers is
likely why this currency remains
so stable.

22. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
And there is no war directly on
Saudi borders.

23. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
Despite the war in Gaza the Israeli
new shekel has been going up
from 25 cents in mid 2012 to more
than 29 cents today. Intraday
trading has been up to $0.2926
and down to $0.2911.

24. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
If you are going to trade foreign
currencies in the Middle East for a
profit there is intraday variation
much like that of the Israeli new
shekel.

25. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
And there is the risk that any of
these currencies could bottom out
in response to current events.

26. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
The nations that are most at risk to
see their currencies plunge seem
to be Iraq, Syria and Libya.

27. http://www.theforexnittygritty.com/forex/trade-
middle-east-currencies
Cyprus is spared the troubles in
local currency markets as it uses
the Euro, which has its own set of
problems and its own potential for
profit.