Traveler

Sorry I wasn't clear. I wanted to know whether NOK and SEK are in the
Exchange Rate Mechanism program.

Traveler

"Tim" wrote in message
newsprqlduklnwxhha1@localhost...
    > >> I've
    > >> been informally monitoring NOK, SEK, DKK, Euro, GBP, USD, and CAD.) How
    > >> about the other Scandinavian currencies and the Euro?
    > What other scandinavian currencies ? Tim.

Tim

On Wed, 11 Jun 2003 09:18:38 GMT, Traveler wrote:

    > Sorry I wasn't clear. I wanted to know whether NOK and SEK are in the
    > Exchange Rate Mechanism program.
    > Traveler
    > "Tim" wrote in message
    > newsprqlduklnwxhha1@localhost...
    >> >> I've
    >> >> been informally monitoring NOK, SEK, DKK, Euro, GBP, USD, and CAD.)
    >> How
    >> >> about the other Scandinavian currencies and the Euro?
    >> What other scandinavian currencies ? Tim.

Sorry. It seems Denmark is in the ERM II:
http://www.nationalbanken.dk/DNUK/Mo...I?OpenDocument

but it appears that Norway and Sweden aren't (see table at bottom of page):
http://www.bis.org/review/r020826b.pdf

Tim.

Alec

"Mark Hewitt" wrote in message
news:[email protected]...
    > "Kristian" wrote in message
    > news:2fjdevgjlmed1bj269abtu1c38qr6h0...der.get2net.dk...
    > > "Traveler" wrote:
    > > No, it is not a 100% tie, but they are only allowed to deviate "that
    > > much" from each other, before they the central banks buy and sell
    > > currencies, alter interest rates etc.
    > > But I think the British Pound is floating freely against the euro.
    > The Krona is in the Exchange Rate Mechanism. In which it is only allowed
to
    > deviate from the Euro by a small amount before the government must step in
    > to stop the changes.
    > GBP is not in the ERM and so does float freely against all currencies.
And the Chancellor of the Exchequer Gordon Brown said this week Britain
would not be entering ERM. It will be many years before UK joins euro, if
ever.

Alec

Lennart Petersen

"Traveler" skrev i meddelandet
news:[email protected]...
    > Sorry I wasn't clear. I wanted to know whether NOK and SEK are in the
    > Exchange Rate Mechanism program.
    > Traveler
They're not so they are floating free.

Paradise Island Barchap

On Wed, 11 Jun 2003, Kristian wrote:

    > "Traveler" wrote:
    > No, it is not a 100% tie, but they are only allowed to deviate "that
    > much" from each other, before they the central banks buy and sell
    > currencies, alter interest rates etc.
    > But I think the British Pound is floating freely against the euro.


More precisely expressed, freely sinking, in recent months :-)


--
[email protected]

Trallala

ouside of CPH and Airport, forget it

However, you can get local money in any store with your Credit Card

Buy a ice cream and charge it to your card, and ask to put the amount to 500
Kroner
You will get the remainder in cash

This avoids you to go to the cash machine, if you dont know your pin, and
is less charged then the ATM cash dispenser

But remember this dont work in other European countries !!

French will look at you like a gangster if you try to do this........and
Germans will call the Polizei
but in Denmark, all locals do it


"Mike Ellwood" a écrit dans le message de news:
[email protected] k...
    > Although Denmark is not (as far as I know!) in the Eurozone,
    > is there any informal acceptance of it, e.g. in larger stores, and/or
    > in areas bordering Germany?
    > --
    > [email protected]

Edmund Lewis

"trallala" wrote in message news:...
    > ouside of CPH and Airport, forget it
    >
    > However, you can get local money in any store with your Credit Card
    >
    > Buy a ice cream and charge it to your card, and ask to put the amount to 500
    > Kroner
    > You will get the remainder in cash
    >
    > This avoids you to go to the cash machine, if you dont know your pin, and
    > is less charged then the ATM cash dispenser
    >
    > But remember this dont work in other European countries !!
Certainly does in Britain. As long as you have a card with a Switch or
Delta sign on it, most shops and even some pubs will give you up to
£50 cashback. You'll often see people paying for £3 worth of goods
with a card just to do this- some British ATMs charge £1.50 per
withdrawal, even on British cards, even to take out £10. The shops and
pubs seldom charge more than 50p.

Tim

On 11 Jun 2003 21:00:11 -0700, Edmund Lewis wrote:

    > "trallala" wrote in message
    > news:...
    >> ouside of CPH and Airport, forget it
    >> However, you can get local money in any store with your Credit Card
    >> Buy a ice cream and charge it to your card, and ask to put the amount to
    >> 500
    >> Kroner
    >> You will get the remainder in cash
    >> This avoids you to go to the cash machine, if you dont know your pin,
    >> and
    >> is less charged then the ATM cash dispenser
    >> But remember this dont work in other European countries !!
    > Certainly does in Britain. As long as you have a card with a Switch or
    > Delta sign on it, most shops and even some pubs will give you up to
    > £50 cashback. You'll often see people paying for £3 worth of goods
    > with a card just to do this-some British ATMs charge £1.50 per
    > withdrawal, even on British cards, even to take out £10. The shops and
    > pubs seldom charge more than 50p.

They even ask you at supermarkets quite often "do you want cashback?"
Confused the hell out of me the first time I heard it. (the obvious answer
is, yes of course, I'll take a million")
Tim.

Owain

"Edmund Lewis" wrote
    | "trallala"
    | > However, you can get local money in any store with your Credit Card
    | > Buy a ice cream and charge it to your card, and ask to put the amount
    | > to 500 Kroner You will get the remainder in cash
    | > But remember this dont work in other European countries !!
    | Certainly does in Britain. As long as you have a card with a Switch or
    | Delta sign on it, most shops and even some pubs will give you up to
    | £50 cashback.

Those are *debit cards*, not credit cards.

(In UK) Retailers aren't supposed to give cash advances on credit cards
whilst putting it through as 'goods', because the CC company doesn't like
losing the x% cash advance fee.

Banks and many travel agents can do cash advance on credit cards, of course
you then pay the CC x% fee.

Owain

Alec

"Owain" wrote in message
news:[email protected]...
    > "Edmund Lewis" wrote
    > | "trallala"
    > | > However, you can get local money in any store with your Credit Card
    > | > Buy a ice cream and charge it to your card, and ask to put the amount
    > | > to 500 Kroner You will get the remainder in cash
    > | > But remember this dont work in other European countries !!
    > | Certainly does in Britain. As long as you have a card with a Switch or
    > | Delta sign on it, most shops and even some pubs will give you up to
    > | £50 cashback.
    > Those are *debit cards*, not credit cards.
    > (In UK) Retailers aren't supposed to give cash advances on credit cards
    > whilst putting it through as 'goods', because the CC company doesn't like
    > losing the x% cash advance fee.
    > Banks and many travel agents can do cash advance on credit cards, of
course
    > you then pay the CC x% fee.
Except when you do cash advance on a Nationwide Visa CREDIT CARD, which
charges no interest when settled in full by due date and a fee of only 0.5%
(50p min).

Alec