Currency Converter


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currency converter is a calculator used to determine the value of a given national currency. As foreign currencies fluctuate, whether they are the more well known standards such as the Euro, Yen or US Dollar, or their lesser known counterparts such as the Quetzal of Guatemala or the Lempira of Honduras, a currency converter will tell the user how much a given currency is worth at any given time. In order to use a currency conversion calculator, one must have two currencies to evaluate.


 For example if you are travelling to Euro and wish to know how much as hotel costs in US Dollars so you can budget, you would need a currency converter from Euros to US Dollars. 


Two Best Currency Converter


1.Currency Converter Yahoo


             Most widely used Currency Converter.Check this link for more details Currency converter.


2.XE Currency Converter


         The XE Currency Converter Widget includes a currency converter, cross-rate table, and Forex news to keep you up-to-date on your favorite currency pair.  The XE Mobile Currency Site offers foreign exchange rates, a currency converter, and currency charts on your mobile phone or device.




Check here for another user-friendly and easy-to-use Free Currency Converter.


XE Currency app for Android, iPhone, iPad, Blackberry and more
It features a currency converter with up-to-the-minute currency rates, charts, and even stores the last updated rates.It works offline. This FREE and simple currency calculator has received more than five million downloads and has been featured by the BBC, the LA Times, CNN, and The Travel Channel!

Money Market Funds


A money market fund (also known as money market mutual fund) is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. Money market funds are widely (though not necessarily accurately) regarded as being as safe as bank deposits yet providing a higher yield. Regulated in the US under the Investment Company Act of 1940, money market funds are important providers of liquidity to financial intermediaries.


Latest News about Money Market Funds


Money market funds fall by $20.86 bln in latest week-ICI



"Total money market mutual fund assets decreased by $20.86 billion to $2.533 trillion for the week ended Wednesday, June 20, the Investment Company Institute reported today. Taxable government funds decreased by $2.21 billion, taxable non-government funds decreased by $18.50 billion, and tax-exempt funds decreased by $150 million.
Retail: Assets of retail money market funds increased by $850 million to $891.14 billion. Taxable government money market fund assets in the retail category increased by $1.84 billion to $189.89 billion, taxable non-government money market fund assets decreased by $930 million to $514.68 billion, and tax-exempt fund assets decreased by $50 million to $186.58 billion.
Institutional: Assets of institutional money market funds decreased by $21.71 billion to $1.642 trillion. Among institutional funds, taxable government money market fund assets decreased by $4.05 billion to $679.72 billion, taxable non-government money market fund assets decreased by $17.56 billion to $877.79 billion, and tax-exempt fund assets decreased by $100 million to $84.67 billion.
ICI reports money market fund assets to the Federal Reserve each week. Revisions are due to data adjustments, reclassifications, and changes in the number of funds reporting. Historical weekly money market data back to January 2008 are available on the ICI website."
Source:Reuters





‘Airtel Money’ picks Best Mobile Money Award


Airtel Ghana’s rebranding of Zain’s Zap Mobile Money to ‘Airtel Money’, with the added features of mobile commerce services, paid off at the Second Mobileworld Ghana Telecom Award by coming up tops in the Best Mobile Money category. 

Airtel forfeited three awards from last year, CEO of the Year, and Customer Service of the Year, and Marketing Campaign of the Year, to multiple-award-winner, Vodafone, but ‘Airtel Money’, which was the first in the country to have linked customers mobile money account to their bank account, was too compelling to have lost out. 

Airtel Money was also the first to have allowed customers to cash money from their mobile money account at the automated teller machines (ATMs) of partner banks, and was also the first to have allowed customers to transfer money across mobile networks.

It also allowed customers to make purchases in selected shops partner and and restaurants, and pay with their virtual Airtel Money wallet without the use of cash.

Most recently, Airtel added a free life insurance cover for all Airtel Money customers who save with UniBank; and also added interest on the Airtel Mobile Money wallets of customers who save with UT Bank.

Head of Corporate Affairs at Airtel Ghana, Donald Gwira, who received the award on behalf of the company said “I believe this award gives ample testimony to the innovation and strength of the Airtel Money product.”

He noted that because of the uniqueness of the brand, the partner institutions such as banks, retail shops and restuarants keep increasing by the day. 

Some of the partners banks are Ecobank, UBA, Standard Chartered Bank; Unibank , UT Bank, GT Bank and Zenith Bank; the partner retail shops included Melcom, Koala, and Marx Mart (at A&C); Palace Hypermarket, Sneda Supermarkets; and the restaurants are Sunshine, Honeysuckle, Tante Marie, Crossroads and Nibbles among others.

Airtel Money was modeled on Kenya’s most successful and world famous MPESA Mobile Money, designed as a virtual mobile wallet that offered a full range of mobile commerce services, including mobile banking, and others financial services. 

Besides its uniqueness, it was also comparable to others on the market which allowed money transfer to loved one, purchasing or toping up of credit, and payment of utility bills, as well as service bills like DSTV subscription fees, for instance. 

Airtel Money has more than 500 dealers across the country to make it easy for people to transfer and receive money transferred to them anywhere they are in the country.


The company is also working with schools to allow students to receive Airtel Money transfers at designated points controlled by school authorities.

Airtel Money


Airtel Money


Bharti Airtel has launched Airtel Money, a mobile wallet service, across India. The Airtel Money service, is now available across 300 key cities in India, and will allows its users to load cash on their mobile devices and spend it to pay utility bills and recharges, shop at 7,000+ merchant outlets, transact online etc.
Apart from serving as an easy alternative to cash / card payment options, Airtel Money also offers customers the convenience of instant money transfer from an Airtel Money wallet to another Airtel Money wallet and bank accounts. With this, customers can now use Airtel Money to make payments and transfer money across the country.

Airtel Money Transfer
The service was initially rolled out in Delhi NCR and Chennai in 2011.
There are two types of accounts under the Airtel Money service -express account and power account. Users can dial *400# from their Airtel mobile phones or sign up for the service by walking into any of the 15,000 plus Airtel Money outlets across the top 300 cities of India and submitting the required KYC documents.
Under the Express service, Airtel users can enjoy services like paying utility bills like electricity, mobile recharge, gas etc. Users of this service can spend up to Rs 10,000 daily by uploading cash on their Airtel Money account.
Airtel Money Power Accounts offers lot many services than the Express account. Users with Power accounts can apart from paying utility bills can use their mobile to shop at merchant outlets.
Airtel Money Tranfer and Airtel Money Recharge Procedure
  • Register by filling in the application form and submitting KYC documents (2 photocopies of proof-of-identity, 1 copy of proof-of-address and a passport size photograph).
  • After the above, your existing airtel SIM will be upgraded to the new 64K airtel SIM with airtel money
  • Activate your airtel money account by choosing your MPIN.
  • Load cash into your airtel money account by visiting your nearest airtel retailer
  • You are now ready to send commands through the airtel money application on your phone and transact anytime, anywhere!

Airtel will charge a month subscription fee of Rs. 5/month and charges Rs. 5/payment.

Essentially, this is not a semi closed wallet service (as allowed by RBI) that enables you to add money, but not withdraw (instead, make payments/buy goods and services).

"Airtel Money will work as a convenient payment alternative to debit and credit cards in days to come for online transactions on popular websites like Flipkart, Yatra, Letsbuy and even www.airtel.in," Airtel said in a press release.
"What's more - customers using Airtel Money will be able to avail exclusive discounts and attractive offers at various merchant outlets in the market - and save money as they shop," the release added.
The mobile wallets are generally very secure even in case users miss place their handset. Airtel mobile wallet service can be used by any Airtel customer with any handset.
Updated News


*Airtel Money’ picks Best Mobile Money Award
*Most recently, Airtel added a free life insurance cover for all Airtel Money customers who save with UniBank; and also added interest on the Airtel Mobile Money wallets of customers who save with UT Bank.


Blood Money



Blood Money is a 2012 Bollywood thriller film directed by Vishal Mahadkar, and produced by Mahesh Bhatt. The film stars Kunal Khemu and Amrita Puri in lead roles. The film was earlier titled Kalyug 2 but was later changed to Blood Money. Blood Money was released on 30 March 2012.
Blood Money has been compared to the Hollywood blockbuster, Blood Diamond (2006) and to Bhatt's earlier directorial film Naam (1986), although it is not inspired by either films.

Music Review : Blood Money

Under the aegis of the Bhatt camp, Pakistani rock talents have not only propelled but also flourished in B-town, and this journey continues with their next venture titled BLOOD MONEY.

Following the successful trend of officially rehashing regional soundtracks into Bollywood sensibilities (A.R Rahman rehashing almost half-dozen tracks of VINNAITHAANDI VARUVAAYA (Tamil) for Bollywood's EKK DEEWANA THA, "Ringa Ringa" (AARYA 2 (TELUGU) by Devi Sri Prasad to "Dhinka Chinka" (READY) and "Kombadi Pallali" (JATRA (MARATHI) by Ajay-Atul to "Chikni Chameli" (AGNEEPATH)), Bhatts try to incorporate the flavor of Bengali Rock this time in this spin-chilling action thriller. Jeet-Ganguly (of Jeet-Pritam fame), a renowned name in Bengali cinema and music makes a swashbuckling appearance as solo composer.

In this album, Jeet rehashes some of his most strikingly youthful Bengali compositions with the vocal supports of Mustafa Zahid ("To Phir Aao" (AWAARAPAN)) and Rahat Fateh Ali Khan. As far as musical aesthetics are concerned, Bhatts' choice for new talents and trends has always been a winning factor for their film. Furthermore, the musical department is also credited with a track apiece by upcoming composers, Sangeeth Haldipur and Pranay. So will this conglomerate of "hot n happening" talents be churning bagful of MONEY for their producers and also entertainment for their listeners! Let's find out...

AISHA girl Amrita Puri plays the leading lady in BLOOD MONEY


Mercurially high in promotion and melancholically romantic in nature, bankable Rahat Fateh Ali Khan's classically synchronized voice gets into the undertones of calm and composure expressions of everlasting love in sensitively composed "Chaahat". Composed for a comforting romantic situation of a typical Bhatts crime-thriller, it has their stylized format of arrangements where the rock-musical feel invigorates high in pitch and tempo, as the track progresses. Jeet Ganguly makes finest of his brilliant composition "Ek Mutho Sopno Cheye (100% LOVE (Bengali)), and incorporates elements of Sufi-rock in it with expressively prosaic wordings (Sayed Quadri) as its strong support. For its intrinsically poignant shades and effective rendition in somber tones, this track is likely to be a pivotal narrative factor in the light moments of the flicks. As far as composition is concerned, "Chaahat" is like a "Sufi version" of the original Bengali composition and gleams for its quality singing, a likable attribute by vocalist for his fans. Impressive!!! 

Acrimoniously rocking to the core, the sinister designs of evil minds gets ferociously loud vocal maneuvers in hot-headed "Gunaah", a rock metal base track that exudes the mindset of the protagonist. Riding high on the catchy rocky tunes, it has that typical South Korean rock band breeze in peppy "Oh-ho-ho" choral and racy distorted guitar riffs that connects well with "yuppie" filled voice. Mustafa Zahid (lead vocalist of Paki band ROXEN and of "To Phir Aao" (AWAARAPAN) fame suave toned voice, (sounding more like KK) delivers it with a belligerently punched hard-rock instrumentals, epitomizing out the distressed sentimental shades, an archetypically rocking Bhatt camp stylized number that has been their style for almost a decade. Once again, Jeet Ganguly rechristens one of his catchiest composition "Khujechi Toke Raat Berate" (JOSH (Bengali)) into a typical Sufi-rock format with impressive set of verses. Mustafa rekindles his "fusion" style of singing with perfection and gets an amiable supports of equally befitting composition. "Gunaah (unplugged)" is tender-paced "unplugged" version by Rana Mazumdar, a well-emoted situational compelling background musical piece with dark melodramatic shades attached to it. It has a series of mellowed piano drills, mandolin and violin notes accompanying it, outstretching the over-sappy romantic feel to almost five minute plus duration. Read more...

Money Money Money


An Interesting article written by Raguvir Srinivasan



Stocks, bonds, gold or real estate this year? Raghuvir Srinivasan on the best investment options for 2012.
Someone's sitting in the shade today because someone planted a tree a long time ago.
Warren Buffett, legendary investor.
If you are someone who tried to follow this advice in 2011, chances are that the seed that you planted failed to even germinate! Given the turmoil in global financial markets, it would have been a challenge even for the Oracle of Omaha, as Warren Buffett is known, to multiply his money in 2011. Why talk about lesser mortals like us?
So, what does the picture look like in 2012? Should you buy stocks? Or should you be conservative and go for debt options such as fixed deposits and bonds issued by government companies? Or will it be wise to stick to that time-tested investment — gold? Let's examine how the picture looks for each of these investment options.
Stocks: Investing wisely
The last year was a wash-out in the stock markets. No matter how savvy an investor you were, it was very difficult to make decent money as the market was on a consistent downtrend. Yet, with most major stocks lying battered and bruised at the moment, you may actually be sitting on a good buying opportunity now.
As Warren Buffett once said, the time to get interested in the stock market is when no one else is. The mistake we often do as investors is to get excited about stocks when everyone around us is excited too. Herd mentality is a dangerous attitude to have in the stock market, as often those who generate the excitement about all the wrong stocks exit them quickly leaving the rest holding duds.
The stock markets are now dull due to reasons such as high interest rates, slowing economic growth and the problems in major economies worldwide. However, we seem to be at the cusp of a change for the better, at least in the limited context of India. Interest rates have probably peaked and they can only fall from hereon, which is good news for borrowers. We will have an indication of the Reserve Bank of India's thinking on this later this month when it announces its monetary policy.
Industrial growth is on a roller-coaster but given that ours is a consumption-driven economy, a fall in interest rates will set off a virtuous cycle of higher demand, rise in output and growth in investment to meet the demand. This should be good news for the stock market.
So, it may make sense to start investing systematically in carefully chosen shares now. The stock market is dominated by big players such as mutual funds and foreign institutional investors. Volatility in prices has considerably increased, making it a dangerous place for small investors like you and me to directly invest in shares.
It may, therefore, be prudent to invest in the stock market via mutual funds. Choose diversified funds or those that track the major indices. If you don't need regular dividends, then invest in growth schemes that will offer you a higher return over the long term.
However, if you prefer investing directly in the stock market, choose blue-chip stocks that form part of the major indices such as the BSE Sensex or the Nifty, which is made up of shares of 50 top companies. Most of the blue-chips that constitute the indices are now available at attractive prices.
One word of caution though. Don't put money that you might need in the next one year in the stock market. You need to give more than a year for your investment in shares to generate a good return. And yes, unless you can watch the shares that you invested in decline by half without having a heart attack, you should not be investing in shares. Those are words of wisdom, again from Warren Buffett.
Debt instruments: The safer bet
This is an opportune time to invest in debt instruments such as fixed deposits, bonds issued by different companies and in mutual funds that invest in debt. Interest rates are probably at their peak level and it will be a good idea to lock into these rates now for the next 2-3 years.
A number of companies are offering good rates of 10-11 per cent on fixed deposits now. Pick only the ‘AAA' rated companies which are the safest even if the interest offered is relatively lower compared to an ‘AA' rated company. Of course, interest on these deposits is taxable. So, if you are someone in the 30 per cent tax bracket, your post-tax return will be between 7 and 7.7 per cent only, which is lower than the inflation rate.
A slew of bond offers from government companies are now in the market. The National Highways Authority of India (NHAI) and Power Finance Corporation (PFC) closed their offers last week. With an interest rate of 8.2 per cent for a 10-year term, these bonds offered the twin advantages of being tax free (interest) and also liquidity in the sense that you can sell them in the market if you needed funds urgently.
Never mind if you missed these two offers. There are equally good ones that are open for investment now. IDFC, an infrastructure finance company, and L&T are currently in the market with bond offers. These 10-year secured bonds offer 8.70 per cent interest which is taxable. This means that for someone in the highest tax bracket, the post-tax yield will be just 6.09 per cent. But the benefit is that up to Rs. 20,000 of your investment is eligible for tax deduction under section 80CCF of the Income Tax Act.
There are also unsecured bonds currently on offer from Rural Electrification Corporation and IFCI offering 8.95 per cent and 9.09 per cent interest respectively, which is again taxable but the investment is eligible for 80CCF deduction. Though unsecured, these bonds can be considered for investment since the companies are ‘AAA' rated with the government being their dominant shareholder.
Don't forget bank fixed deposits too. If you already have invested in them, ask for a reset of the interest rates. This will mean that you will have to invest for a fresh term from now but it will be worth it because rates are expected to fall and when your deposit matures a few months from now, you might get a lower rate if you choose to reinvest.
Interest from some long-term bank deposits of five years or more is exempt from tax. Also remember, most banks and some companies offer a higher interest rate for deposits made by senior citizens.
Gold: The perennial favourite
Gold is an evergreen investment option and certainly THE choice during difficult times. For Indians, gold has traditionally been the first investment choice, ahead of stocks, debt or real estate. While the yellow metal is no doubt a safe investment, a couple of points need to be noted.
First, returns on gold may not always be attractive. Take the case of 2011. Gold price, in dollar terms, appreciated by just about 11 per cent, though in rupee terms it returned 33 per cent. The higher returns in rupees was because of the depreciation of the currency vis-à-vis the dollar. Assuming that the rupee had remained stable or even appreciated versus the dollar, the returns picture might have been different.
The second point is about a more practical problem. While it is easy to buy gold, either as coins or as biscuits or bars from authorised banks, it is not so easy to sell the same. Banks do not buy back gold coins or biscuits even if they were the same pieces sold by them. While the option of going to your family jeweller is certainly there, he will again not give you money in return. You will have to buy jewellery of equivalent value from him and, again, he will not give you the prevailing market price for the gold that you sell to him. There will be a discount on the price; maybe it will be smaller if you are well known to him.

Moneyball



Moneyball is a 2011 biographical sports drama film directed by Bennett Miller and distributed by Columbia Pictures. The film is based on Michael Lewis's 2003 book of the same name, an account of the Oakland Athletics baseball team's 2002 season and their general manager Billy Beane's attempts to assemble a competitive team.


 In the film, Beane (Brad Pitt) and assistant GM Peter Brand (Jonah Hill), faced with the franchise's unfavorable financial situation, take a sophisticated sabermetric approach towards scouting and analyzing players, acquiring "submarine" pitcher Chad Bradford (Casey Bond) and former catcher Scott Hatteberg (Chris Pratt), and winning 20 consecutive games, an American League record.


Columbia Pictures bought the rights to Lewis's book in 2004.After a number of years in development, the film was featured at the 2011 Toronto International Film Festival and was released on September 23, 2011 to critical acclaim. The film was nominated for six Academy Awards including Best Actor and Best Picture on January 24, 2012.








News about Moneyball 2011


Moneyball fans at Liverpool admire Newcastle boss Pardew's midas touch.Read more..









Funny Money Jokes


1.An English teacher asked her class to write an essay on what they'd do if they had a million dollars. Alec handed in a blank sheet of paper. 'Alec !' yelled the teacher, 'you've done nothing. Why?' 'Because if I had a million dollars, that's exactly what I would do !'


2.Little Johnny was crying one day, and his dad asked him why. 'I've lost five cents,' sobbed Johnny. 'Don't worry,' said his dad kindly.' Here's five more for you,' At this Johnny howled louder than ever. 'Now what is it ?' asked his dad. 'I wish I'd said I'd lost ten cents!'


3.Can I borrow that book of yours How To Become A Millionaire? Sure. Here you are. Thanks - but half the pages are missing. What's the matter? Isn't half a million enough for you?


4.Why is money called dough? Because we all knead it.


5.Why are men like bank accounts?
Without a lot of money, they don't generate much interest!

6.Why did the millionaire count his money with his toes?
So it wouldn't slip through his fingers!

7.A woman proudly told her friend, “I’m responsible for making my husband a millionaire.” “Well what was he before he married you?” the friend asked. “A billionaire.”

8.If you think nobody cares, try missing a couple of payments. 

9.Don't lend people money... it gives them amnesia. 

10.Creditors have better memories than debtors. 


Money ABBA Lyrics


Money ABBA Lyrics
I work all night, I work all day, to pay the bills I have to pay
Ain't it sad


And still there never seems to be a single penny left for me
That's too bad


In my dreams I have a plan
If I got me a wealthy man
I wouldn't have to work at all, I'd fool around and have a ball...


Money, money, money
Must be funny
In the rich man's world
Money, money, money
Always sunny
In the rich man's world
Aha-ahaaa
All the things I could do
If I had a little money
It's a rich man's world


A man like that is hard to find but I can't get him off my mind
Ain't it sad


And if he happens to be free I bet he wouldn't fancy me
That's too bad


So I must leave, I'll have to go
To Las Vegas or Monaco
And win a fortune in a game, my life will never be the same...


Money, money, money
Must be funny
In the rich man's world
Money, money, money
Always sunny
In the rich man's world
Aha-ahaaa
All the things I could do
If I had a little money
It's a rich man's world


Money, money, money
Must be funny
In the rich man's world
Money, money, money
Always sunny
In the rich man's world
Aha-ahaaa
All the things I could do
If I had a little money
It's a rich man's world
It's a rich man's world





 

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