Personal Finance Portfolio Investment - Statistics Project Example

Project Work Name: Tutor: Course: Date: INDEX Introduction Doha Stock market DHBK Stocks QEWS Stocks QNCD Stocks QATI Stocks Bullion Market Platinum Gold Palladium Exchange Foreign Currencies EURO GBP Canadian Dollar Australian Dollar Profit Summary Conclusion References Bullion Market Exchange Foreign Currencies Introduction Analysis was undertaken to find the best short-term investment opportunities available in the market while taking into consideration the time-frames available. After all the necessary data was obtained and analyzed accordingly, the following investment options were found to be most viable to invest in: Stock market investments, The Bullion market, The currency market and the Bank deposits. These offered a diverse and balanced portfolio, which will maximize on returns while cushioning on the risks involved. Taking into account the limited time to invest and try as much as possible to maximize wealth by accruing the most possible returns, a decision was taken to invest the QR 1,000,000 as follows: 40% stock market, 20% Bullion market, 20% currency market and 20% bank deposits. This was done to spread the risks a much as possible to avoid shrinkage of wealth due to unforeseen calamities that might occur. Given the short period, it was decided to invest in high-risk investments, with necessary balances, to accrue the highest margins. The current prevailing status of the global market, which is experiencing many upheavals, was also taken into consideration. The world is still recovering from the recent global recession and it’s not out of the woods yet. This has contracted the amount of trade that is being undertaken by investors from around the world and this includes the Qatar market. The bailout of Portugal and Greece by the European Union and the austerity measures that they were told to put in place prior to the bailout, not only affected markets in Europe but all over the world. Italy also has had economic problems in recent times, which led to a power changeover, and they are on the recovery path and this has limited market activities touching on their investments. Spain is slipping into recession, which will spell doom for the entire region of Europe, and it will surely have an impact on the global markets. The Japan nuclear disaster in March 2011 also had a major impact on the markets taking into account the fact that Japan is the world's third largest economy. These are some of the constraints that are affecting the global markets currently and to the extension the Qatar market and the entire Asian region. As a prudent investor, all these should be analyzed to assess their impact on the market to be invested in, and they were factored in when investing the 1,000,000 QR. DOHA STOCK MARKET (40%) Four different companies were chosen to invest in, at the Doha stock market. These companies are Doha Bank (DHBK), Qatar Electricity & Water (QEWS), Qatar National Cement (QNCD), and Qatar Insurance Company (QATI). Our 40% (of 1,000,000) invested in the stock market are distributed as follows: 10% in DHBK, 10% in QEWS, 10% in QNCD, and 10% in QATI. These companies were found to have stocks that had less fluctuations in the market hence could be predicted more accurately than the companies with high fluctuations. They also had the strongest indications of netting almost guaranteed high returns given their strong financial capabilities and solid policies. The historical data from the bourse indicated that they were capable of producing good returns in the short period of investment, which is two months. DHBK Stock (10%) The company's stocks were on an upward trend and they provided a good opportunity for investment. The stocks were gaining margins almost on a daily basis and given that there was a short period for investment, it had all the requirements of providing the required returns. Stocks had to be bought when the prices were low and sold when they were high taking full advantage of the fluctuations in the stock market. Since the trend of the stocks is generally upwards the stocks were traded as follows. In March 15th we invested 100,000 QR in DHBK stocks. A total of 1,785.71 stocks were bought at a price of 56 QR each. The stocks were sold in March 27th at 58.4 QR each to earn total of 104,285.72 QR. On April 6th the amount earned was re-invested to buy another 1,761.58 stocks at 59.2 each. The stocks were again traded on 19th April at a price of 63.8 QR to earn an amount of 112,388.9954 QR. The money was used to buy 1,848.50 stocks at 60.8 QR each on 2nd May. Finally, they were sold on 15th May at 64 QR each to earn a total of 118,304.20 QR. Therefore, the net profit was 18,304.20 QR. DATE TRANSACTION PRINCIPAL PRICE QR EARN 15-March-12 BUY 100,000 56 1,785.7143 27-March-12 SELL 1,785.7143 58.4 104,285.7151 06-April-12 BUY 104,285.7151 59.2 1,761.5830 19-April-12 SELL 1,761.5830 63.8 112,388.9954 02-May-12 BUY 112,388.9954 60.8 1,848.5032 15-May-12 SELL 1,848.5032 64 118,304.2048 QEWS Stock (10%) QEWS stock did not show much fluctuations the market hence it had all the ingredients of a solid investment. Its shares were also on an upward trend and this meant return could be realized in the short period of investment. The stocks were traded between 16th March and 12th May. The transactions were started on April 16th where 100,000 QR was invested in 720.46 stocks at 138.80 QR each. The next transaction was on March 29th when all the stocks were sold for 100,648.42 QR at 139.70 QR each. On April 7th 722.01 stocks were bought at a price of 139.4 QR each. They were then sold on 22nd April at 142.60 QR each to earn a total of 102,958.85 QR. The amount was then used to acquire 735.42 stocks at 140 QR each on 30th April. The stocks were finally sold on 12th May at 146.1 QR each to earn a total of 107,444 QR. The profit realized amounted to 7,444.92 QR. DATE TRANSACTION PRINCIPAL PRICE QR EARN 16-March-12 BUY 100,000 138.8 720.4611 29-March-12 SELL 720.4611 139.7 100,648.4157 07-April-12 BUY 100,648.4157 139.4 722.0116 22-April-12 SELL 722.0116 142.6 102,958.8542 30-April-12 BUY 102,958.8542 140 735.4204 12-May-12 SELL 735.4204 146.1 107,444.9204 QNCD Stock (10%) These stocks were traded severally during the trading period as they were more flexible in the market and they offered good returns when traded astutely. The prices of the stock went up by a margin of around 13 QR and this is a very good performance in these times when markets are not performing well all over the world. The stocks were traded as follows; On March 16th 988.14 stocks were bought for 101.2 QR each, using the 100,000 Qr at hand. They were then sold on 22nd of March for 104 QR each to earn total of 102,766.80 QR. Again the money was re-invested in 991.96 stocks at 103.6 QR each on March 28th. On April 8th they were re-sold at 104.8 QR each to earn a total of 103,957.15 QR. The money was used to buy 998.63 stocks at 104.1 QR each on 14th April. On 23rd April, the stocks were sold at 108.7 QR each to earn a total amount of 108,550.83 QR which was used to purchase another 1,026.00 stocks at 105.80 QR each on 1st May. They were finally sold for 117,169.23 QR at 114.2 QR each on 11th May. The net profit was 17,169.23 QR. DATE TRANSACTION PRINCIPAL PRICE QR EARN 16-March-12 BUY 100,000 101.2 988.1423 22-March-12 SELL 988.1423 104 102766.7992 28-March-12 BUY 102766.7992 103.6 991.9575 08-April-12 SELL 991.9575 104.8 103957.1460 14-April-12 BUY 103957.1460 104.1 998.6277 23-April-12 SELL 998.6277 108.7 108550.8310 01-May-12 BUY 108550.8310 105.8 1026.0003 11-May-12 SELL 1026.0003 114.2 117169.2343 QATI Stock (10%) The volume of these stocks traded in the market was among the lowest in the market and this meant there was no danger of oversupply and the demand is therefore sustained. This made a n investment that could bring in the required results. They were traded between 17th March and 14th May and good returns were realized as predicted. The risks were low as far as this stock was concerned. With the 100,000 QR at hand, 1,381.22 stocks were bought at 72.4 QR each on 17th March. They were resold at 74.9 QR each to earn a total amount of 103,453.04 on 28th March. The amount was re-invested to acquire 1,452.99 stocks at 71.2 each on 7th April. On 21st April, they were resold at 75.2 QR each to earn an amount of 109,265.01 which was used to acquire 1,492.69 stocks, on 3rd May, at a cost of 73.2 QR each. They were finally sold on 14th May for 144,489.42 QR at 76.7 QR each. The profit margin was 14,489.42 DATE TRANSACTION PRINCIPAL PRICE QR EARN 17-March-12 BUY 100,000 72.4 1381.2155 28-March-12 SELL 1381.2155 74.9 103453.0410 07-April-12 BUY 103453.0410 71.2 1452.9921 21-April-12 SELL 1452.9921 75.2 109265.0059 03-May-12 BUY 109265.0059 73.2 1492.6913 14-May-12 SELL 1492.6913 76.7 114489.4227 Bullion Market (20%) After doing a thorough market research and examination, it was found that the best investment choices at the time were; Gold, Platinum and Palladium. The market was allocated 20% of the capital because of early signs of future deterioration of their prices, which would adversely affect the overall investment. However, they were deemed to be more stable and less likely to fluctuate in the market. The more liquid gold market, its ease of trade and fewer fluctuations, necessitated gold to be allocated 10%. As much as this market segment is affected by the factors that affect other market segments, there value cannot be easily eroded as they are mostly used as hedges against both economic downturn and inflation. But, since the investment period is short, a thorough analysis and market examination was undertaken prior to undertaking investment to ascertain the best choices to maximize wealth. Platinum (5%) Platinum was allocated 25% (50,000 QR) of the total amount allocated to this market segment. This amount was allocated because platinum is a very expensive bullion that requires serious investment to make any meaningful returns. The prices were declining globally and more money would not have been allocated because it would not have been worth the risk. There was no trade that was undertaken in May as the prices had dropped significantly and any more trade would have resulted in losses. The trade was conducted as follows; The transactions commenced on 16th March where the 50,000 QR available was used to acquire 8.23 OZ at 6.078.80 QR each. They were sold on March 19th for a total of 50,299.35 QR at 6,115.2 QR each. The amount was reinvested to buy 8.5352 OZ of Platinum at 5,893.16 each on April 22th which was sold for 51,169.21 QR at 5,995.08 QR each on 2nd April. On 23rd April the amount was used to buy 9.0928 OZ at 5,627.44 QR each. The last transaction was on April 30th as the amount was sold at 5,714.8 QR each earning 51,963.53 QR. A net profit of 1,963.53 QR was made. Date Transaction Principle price USD price QAR Earn 16-Mar-12 BUY QAR 50,000.00 $ 1,670.00 QAR 6,078.80 8.2253 19-Mar-12 SELL 8.2253 $ 1680.00 QAR 6,115.20 QAR 50,299.35 22-Mar-12 BUY QAR 50,299.35 $ 1,619.00 QAR 5,893.16 8.5352 02-Apr-12 SELL 8.5352 $ 1,647.00 QAR 5,995.08 QAR 51,169.21 23-Apr-12 BUY QAR 51,169.21 $ 1,546.00 QAR 5,627.44 9.0928 30-Apr-12 SELL 9.0928 $ 1,570.00 QAR 5,714.80 QAR 51,963.53 Gold (10%) Gold was allocated the lion share in this segment because it was more stable than the other metals chosen. Although its prices were declining, its demand was expected to rise in due course and this informed the decision to allocate 100,000 QR in this bullion. In May, the bullion market was not performing well and in extension the gold segment hence no trade was undertaken in this month. The transactions were as follows; On March 22nd 16.6824 OZ of gold was bought at a price of 5,994.35 QR with 100,000 QR. Then on March 27th the gold was sold for 102,052.58 QR at price of 6,117.38 QR. The third transaction was on April 4th when the same amount was invested to buy 17.3022 OZ of gold at a price rate of 5,898.26 QR. This was followed by the selling of the amount at a rate of 6,094.09 QR to earn 105,441.16 QR on 12th April. The amount was used on 23rd April to buy 17.6814 OZ of gold at a rate of 5,963.41. Finally, on 30th of April the gold was sold at a price of 6,066.42 QR to earn 107,262.80 QR. And the net profit was 7,262.80 QR. Date Transaction Principle price USD price QAR Earn 22-Mar-12 BUY QAR 100,000.00 $ 1,646.80 QAR 5,994.35 16.6824 27-Mar-12 SELL 16.6824 $ 1,680.60 QAR 6,117.38 QAR 102,052.58 04-Apr-12 BUY QAR 102,052.58 $ 1,620.40 QAR 5,898.26 17.3022 12-Apr-12 SELL 17.3022 $ 1,674.20 QAR 6,094.09 QAR 105,441.16 23-Apr-12 BUY QAR 105,441.16 $ 1,638.30 QAR 5,963.41 17.6814 30-Apr-12 SELL 17.6814 $ 1,666.60 QAR 6,066.42 QAR 107,262.80 Palladium (5%) Palladium was allocated 25% of the market segment allocation, just like platinum. Since its price is comparatively lower, a larger quantity was able to be traded at the market. Its fluctuation was high and with excellent trading, a high profit margin was achievable. The transactions were done in March and April. In May, there were no transactions as the segment’s prices had declined just like the others. Palladium produced the highest margin of the whole investment portfolio because of the astute trading undertaken, made possible by its price fluctuations. The trading transactions went as follows; We began buying Palladium on March 22nd by buying 21.0679 OZ at a price of 2,373.28 QR. This was then sold at a price of 2,427.88 QR in the next transaction on 26th March to get 51,150.33 QR. On March 29th the amount was invested to buy 21.8203 OZ of Palladium at a price of 2,344.16 QR each. It was sold on 2nd April at a rate of 2,387.84 to earn a total amount of 52,103.39 QR. The amount was used to buy 22.6131 OZ at the rate of 2,304.12 QR on 4th April. Lastly, it was sold when the price hit 3,079.96 QR on 27th of April to earn 69,647.44 QR. With a net profit of 19,647.44 QR. Date Transaction Principle price USD price QAR Earn 22-Mar-12 BUY QAR 50,000.00 $ 652.00 QAR 2373.28 21.0679 26-Mar-12 SELL 21.0679 $ 667.00 QAR 2427.88 QAR 51,150.33 29-Mar-12 BUY QAR 51,150.33 $ 644.00 QAR 2344.16 21.8203 02-Apr-12 SELL 21.8203 $ 656.00 QAR 2387.84 QAR 52,103.39 04-Apr-12 BUY QAR 52,103.39 $ 633.00 QAR 2304.12 22.6131 27-Apr-12 SELL 22.6131 $ 681.00 QAR 3079.96 QAR 69,647.44 The Currency market (20%) The different turmoil’s that have recently affected the world have made the currency market highly volatile. The European zone has been highly affected with countries like Italy, Portugal, Ireland and Greece finding themselves in economic problems. Spain is gradually heading towards a recession with an all time high unemployment rates. Greece might exit the European Union. The atomic disaster in Japan has also impacted negatively on the global economy and as a result the currency market. The forthcoming elections in France and Germany with high likelihoods of power changes also have an impact on the currency market. However, it is at this time that good profit margins can be attained at the currency market and that is why 20% was allocated. It was also diversified among four currencies to spread the risk and maximize the profit margin. The currencies were from different regions with only the Euro and Great Britain pound coming from the same economic region. This offered a healthy investment portfolio. Equal amounts were allocated to all currencies chosen as the all had almost similar risks and predicted profit margins. Euro (5%) The euro currency was stable despite the economic problems affecting the euro zone. It seems to be weathering the euro zone crisis due to the prudent and timely policies and actions the block is putting into place. The rates were around 4.8 QR to the euro during the investment period. Only four transactions were undertaken due to the market dynamics prevailing at the time. There were no transactions in May to avoid erosion of the gains already made. The first transaction was on March 16th by investing 50,000 QR to buy 10,472.91 Euro at 4.77 each. Then they were sold on March 30th to get 50,914.99 QR at the rate of 4.86 QR. The money was reinvested on April 5th to buy 10,703.73 Euro at a price of 4.76 QR each. Finally, they were sold at a price of 4.81 QR on April 26th to get 51,487.72 QR. So the net profit is 1,487.72 QR. Date Transaction Principle price QR Earn 16-Mar-12 BUY QAR 50,000.00 QAR 4.77422 € 10,472.91 30-Mar-12 SELL € 10,472.91 QAR 4.86159 QAR 50,914.99 05-Apr-12 BUY QAR 50,914.99 QAR 4.75675 € 10,703.73 26-Apr-12 SELL € 10,703.73 QAR 4.81026 QAR 51,487.72 British Pound (5%) The British pound was more flexible than the euro and better gains were able to be achieved. The trade was conducted just over a month with no transactions undertaken on May. The price of the pound decreased in May, just as in other markets, due to unfavorable conditions in the global arena. It provided the best results in this market segment. The stand the United Kingdom has taken on the euro crisis has helped to cushion the British pound from its effects. On March 22nd we begin with 50,000 QR to buy 8693.26 GBP at 5.75 QR each. And we sold it on 2nd April to get 50,714.13 QR at a price of 5.83 QR each. The amount was then reinvested to buy 10,648.84 GBP at a price of 4.76 QR each on 16th of April. And the last transaction was on April 30th when the amount was sold at 5.92 QR each to get 63,004.82 QR. The net profit was 3,004.82 QR. Date Transaction Principle price QR Earn 22-Mar-12 BUY QAR 50,000.00 QAR 5.75158 £ 8693.26 02-Apr-12 SELL £ 8693.26 QAR 5.83373 QAR 50,714.13 16-Apr-12 BUY QAR 50,714.13 QAR 4.76241 £ 10,648.84 30-Apr-12 SELL £ 10,648.84 QAR 5.91659 QAR 63,004.82 Canadian Dollar (5%) The Canadian dollar presented less risk and it was chosen to mitigate the high risks of the euro zone currencies. It was also declining in May and as a result no trading was undertaken in this month. 50,000 QR was allocated for investment in the Canadian dollar because of its stability and low risk. Trading on the Canadian dollar commenced on 23rd of March when 13,758.11 C$ were bought at the rate of 3.63 QR using the 50,000 QR allocated. The dollars were resold at the rate of 3.67 QR on 3rd of April to earn a total amount of 50,492.81 QR which was reinvested on 11th April to acquire 13,908.68 Canadian dollars at the rate of 3.63 QR a dollar. On 26th April the dollars were sold at the rate of 3.71 to get an amount of 51,591.88 QR. Thus netting a profit of 1,591.88 QR. Date Transaction Principle price QR Earn 23-Mar-12 BUY QAR 50,000.00 QAR 3.63422 C$ 13,758.11 03-Apr-12 SELL C$ 13,758.11 QAR 3.67004 QAR 50,492.81 11-Apr-12 BUY QAR 50,492.81 QAR 3.63031 C$ 13,908.68 26-Apr-12 SELL C$ 13,908.68 QAR 3.70933 QAR 51,591.88 Australian Dollar (5%) This was another currency that had a low risk since the Asian market was not affected much by the euro crisis and the Japan nuclear disaster made it the reliable currency in this region. Higher trade of the Australian dollar was expected as the other currencies continue to stabilize, especially the Japanese yen. It also declined in May and this made trade in this month not viable. The 50,000 QR allocated to this currency was used on 22nd March to acquire 13,244.89 Australian dollars at the rate of 3.76 a dollar. The dollars were sold on 27th March at 3.83 QR a piece to earn a total amount of 50,690.18 QR which was reinvested on 4th April to buy 13,547.58 A$ at the price of 3.74 a dollar. The dollars were resold at the market on 27th of April to earn a total amount of 51,452.35 QR at the rate of 3.80 QR a dollar. The profit gained was 1,452.35 QR. Date Transaction Principle price QR Earn 22-Mar-12 BUY QAR 50,000.00 QAR 3.77504 A$ 13,244.89 27-Mar-12 SELL A$ 13,244.89 QAR 3.82715 QAR 50,690.18 04-Apr-12 BUY QAR 50,690.18 QAR 3.74164 A$ 13,547.58 27-Apr-12 SELL A$ 13,547.58 QAR 3.79790 QAR 51,452.35 Bank Deposits (20%) As earlier mentioned, 20% of the amount will be deposited in banks. After comparisons of the various deposit rates in the market, QNB-The leading national bank was found to offer the most competitive rates, especially on large deposits hence the decision to deposit in the bank. Its deposit rate was far much higher than the deposit rates of other banks taken into consideration. The duration was also taken into consideration considering that the time available was very short. Getting good deposit interest rates for a short period is hard as many banks encourage depositors to put their money in the bank for longer periods so that they can maximize their wealth. The bank that offered the highest interest rate in the short period of investment had to be found and a market research was undertaken and QNB was found to be the best bank for this investment. The money also had to be deposited in one bank to attract high interest and accrue high returns. QNB – The Leading National Bank (20%) QNB offered very competitive rates on deposits of amounts of QAR 50,000 and above and their rates are calculated on a monthly basis. They offered a deposit rate of 1.5% per month. The amount was deposited for two months. The net profit from this market amounted to 6,045.50 QR. Date Transaction Principle Rate (%) Earn 15-Mar-12 DEPOSIT QAR 200,000.00 1.5 QAR 203,000.00 15-Apr-12 - QAR 203,000.00 1.5 QAR 206,045.00 15-May-12 WITHDRAW - - QAR 206,045.50 Profit summary (in Qatar Riyal) Investment % of capital Principle (QR) Profit (QR) Profit Ratio DHBK 10% 100,000.00 18,304.20 18% QEWS 10% 100,000.00 7,444.92 7% QNCD 10% 100,000.00 17,169.23 17% QATI 10% 100,000.00 14,489.42 14% Platinum 5% 50,000.00 1,963.53 4% Gold 10% 100,000.00 7,262.80 7% Palladium 5% 50,000.00 19,647.44 39% Euro 5% 50,000.00 1,487.72 3% GBP 5% 50,000.00 3,004.82 6% Canadian dollar 5% 50,000.00 1,591.88 3% Australian dollar 5% 50,000.00 1,452.35 3% QNB deposit 20% 200,000.00 6045.50 3% Sum 100% 1,000,000.00 99,863.81 10% Conclusion Stock Market: Before undertaking the investment in this market segment, a thorough research and market analysis was undertaken to get the best companies to invest in. The four companies chosen were the best bet to invest in given their good performance in the bourse in recent months. The market situation required risk-taking and diversification to get good returns as earlier mentioned; therefore the companies to be chosen had to have strong stability to minimize erosion of the investment. Trade at the market commenced on the 15th of March when stocks of Doha bank were bought. Stocks of the other companies chosen were bought on subsequent days and the trade continued, taking into consideration market fundamentals so as to maximize the wealth invested. The last transaction was undertaken on 15th May with the market deteriorating due to the earlier mentioned activities happening mostly in Europe and parts of Asia, fanning fears of global recession Bullion Market: Transactions in this market commenced on 16th March with the purchase of 8.23 OZ of platinum. The other metals were traded on the following week due to the high prices that were prevailing at the commencement of the period which had a high risk of eroding the investment. The market was a bit volatile, especially in March and early April and this informed the decisions taken while trading during this period. The highest profit margin was realized in this market segment (Palladium) as a result of undertaking transactions at the appropriate time relying on the data earlier collected. The prices were deteriorating hence the last transactions were undertaken on April 30th. The market in May was badly affected by the same factors that are affecting the stock market and that’s why there were no transactions undertaken in this month. Currency Market: Several bailouts that were undertaken in the European Union, made investors skeptical in this market segment and this resulted in fluctuations, which increased the risks in this market. The allocation to this market was spread equally with currencies also chosen from different regions to create a buffer for the high risks in this market. This was done because there was no currency that was entirely reliable to guarantee highest returns with minimal risks. The European Union handled well the problems affecting member states and this created an impression that the worst was over, and this informed the decision to trade in the Euro and the British pound. These were evident in the high returns that were realized in the trade of the Great Britain Pound. Bank Deposits: High amount of money was required to be invested in this market segment to get good interest rates. With this in mind, 200,000 QR was invested in this market so as to realize tangible returns. The bank with the highest interest rate on deposits and options of short-term trade and/or withdrawal any time was the best one to invest in. QNB was found to be the right bank to maximize the investment. The amount was invested for two months to earn an interest of 6,045.5 QR. Finally, the returns realized were rightly spread with the stock market realizing healthy returns. The 18%, 17% and 14% realized for DHBK, QNCD and QATI respectively made the performance of this market very successful. The bullion market also performed well with the highest return of the investment coming from Palladium. The problems earlier mentioned affected the performance of the currency market and the deposits had one of the lowest returns. Generally, the 10% realized in total was satisfactory considering the prevailing market conditions during the period of investment. 1) References: a. Stock Market: http://www.qe.com.qa/pps/qe/qe%20english%20portal/Pages/Home/ Historical charts and data were used and analyzed, although data for individual companies historical performance was not available. All the same, the general information was used. b. Bullion Market: http://www.kitco.com/charts/ Each transaction was made according to the price of closing. Platinum: Buying 16th of March Platinum: Selling 19th of March Platinum: Buying 22nd of March Platinum: Selling 4th of April Platinum: Buying 2rd of April Platinum: Selling 30th of April Gold: buying 22nd of March Gold: Selling 27th of March Gold: Buying 4th of April Gold: selling 12th April Gold: Buying 23rd of April Gold: Selling 30th of April Palladium: Buying 22nd of March Palladium: Selling 26th of March Palladium: Buying 29th of March Palladium: Selling 2nd of April Palladium: Buying 4th of April Palladium: Selling 27th of April c. Currency Market: http://www.x-rates.com/cgi-bin/hlookup.cgi Euro Trading; 2012-03-16 March 16, Friday 4.77422 QAR 2012-03-30 March 30, Friday 4.86159 QAR 2012-04-05 April 05, Thursday 4.75675 QAR 2012-04-26 April 26, Thursday 4.81026 QAR GBP Trading; 2012-03-22 March 22, Thursday 5.75158 QAR 2012-04-02 April 02, Monday 5.83373 QAR 2012-04-16 April 16, Monday 5.76241 QAR 2012-04-30 April 30, Monday 5.91659 QAR Canadian Dollar; 2012-03-23 March 23, Friday 3.63422 QAR 2012-04-03 April 03, Tuesday 3.67004 QAR 2012-04-03 April 03, Tuesday 3.67004 QAR 2012-04-03 April 03, Tuesday 3.67004 QAR Australian Dollar; 2012-03-22 March 22, Thursday 3.77504 QAR 2012-03-27 March 27, Tuesday 3.82715 QAR 2012-04-04 April 04, Wednesday 3.74164 QAR 2012-04-27 April 27, Friday 3.7979 QAR d. Bank Deposits: http://www.cbq.com.qa/DepositRates.aspx?id=106 The historical data of the bank rates for the period were accessed here. Read More