Quote:
Originally Posted by Hentaikid
I think people are confused about the exchange rate. A dollar is still a dollar in america, no matter how much it falls in comparison to other currencies. Now if you're an american tourist you're in for a shock come exchange time, but otherwise...
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Life don't work like that
When a nation imports more than it can export and prices are being quoted for buying in dollars, manufacturers are going to charge more for weak currencies. End result? Imported goods cost more.
Same with oil - the moment there are currency changes, OPEC changes their available product. Gas does not necessarily become cheaper. (Again.. much of this problem has to do with a lack of refining capacity - another story).
Unstable/weak currencies affect everyone - and this currency is going nowhere but downwards in the forseeable future.