Originally Posted by Shok

the pound has always been close to 2 to 1 anyway, no huge change

Originally Posted by TopBucks Lilit

Well, it's very complex, but I'll try to explain. These are the major factors affecting currency fluctuations:
1.Strength of a countrie's economy
2.Authority of the government issued that currency
3.Supply and demand for the currency

Now the example of the US - this country imports much more than exports, it means that the countries which have export orientation depend on the US and its ability to buy goods. The less $ costs in terms of other currencies the less goods the US can buy. The same explaination for other currencies.

When a countrie's economy faces crisis it always reflects on currency exchange rates.

Originally Posted by TopBucks Lilit

Euro isn't fixed, Euro was fixed just for participating countries, because without this measure that would be impossible to introduce into practice one currency for all the countries with different states of economy.




LOL...It's impossible to escape exchange rates fluctuation


Don't know much about the current state of American economy, but I'm sure the rates will get higher when the US fixes its major problems

Originally Posted by v4 media

No it's not..

If you know roughly the sort of income your going to have $$ wise going forward and can live with the current rates, find a business bank that will do you a currency swap. It's a derivative where you fix the exchage rate going forward, if the $$ goes lower your swap pays out if it goes higher you pay the difference between the rates. either way you're locked in at the curent exchange rate.