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Tag Archives: credit

Forex – Winners & Loosers

swiss franc

In the summer of 2007, the value of 1 EUR was 3.20 RON. The value of 1 Swiss Franc (CHF) was 2.10 RON at the schimb vis-a-vis my house. Last summer (2015), 1 EUR was 4.40 RON; 1 CHF was 4.25 RON. The effect of this change for me, earning …

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It pays to save

save money

The other day, I met Lucia, an interior designer, for a tea in town. After we exchanged a few pleasantries, she came to the point: ‘I need a 10’000 EUR loan for personal reasons in six to twelve months. Do you have an advice?’ ‘Have you any other debt and …

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Where your bank gets your mortgage

bank, mortgage, loan

Euribor is the interest rate at which a large number of European banks do provide short term loans to each another. The Euribor (Euro Interbank Offered Rate) was first published on Dec 30, 1998 before the introduction of the EUR as a currency on Jan 1, 1999 (see chart below). …

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