Quote:
Originally Posted by rowan
It's fine if you have money to put away, but for those outside the USA a fairly minor change by a few cents may actually be a much larger change in relative income.
For example...
30 days ago the AUD was at USD 0.83. $USD10000 = $AUD12,048
Today it's at USD 0.90. $USD10000 = $AUD11,111. A $937 difference.
That effectively means I'd have to GROW my income by about 8% in a month just to have the SAME amount of cash in my hand.
This affects my income (less of it) and ultimately lifestyle (more work needed to make the same $)
|
Yeah it's definitely an issue if your income is in a different currency than your expenses.
American companies doing business overseas were taking a beating for a long time because of the strong dollar, now they're making obscene profits with it being lower.
I'm sure at some point the pendulum will swing back the other way