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Old Dec 15, 2003 | 12:16 pm
  #13  
ExMo
In Memoriam
 
Join Date: May 2000
Location: Boca Raton, FL DL FO/MM AA EXP SPG PLT
Posts: 968
At the beginning of this year, EGP 1 = US$0.22 and €0.21. Today EGP 1 = $US0.16 and €0.13. That's almost a 30% decline against the US$ and a 40% decline against the €. A 40% increase would bring the pricing back to near the January 1, 2003 levels for the US$ but still 15% under the level for the € at that time.
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