Quote:
Originally Posted by AlienQ
Why do other stupid countries depend on our dollar and do nothing but talk shit.
Answer that one!
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Well for us 'here' on GFY - seeing that currency of choice in this business has been the USD - the lower the USD goes compared to our local currency, the lower our income is. Doesn't affect you guys so much - but it most certainly will cause some reason for us to make changes.
Example:
$1.00 USD = $1.61 on Janaury 28-2002
$1.00 USD = $1.16 on January 3-2007
$1.00 USD = $0.99 on October 2-2007
So just in this year - there's a 17% drop in our incomes with perhpas more work and investment at risk.
In the past 5 years - it's close to a 60% drop in income.
Like I said, it doesn't make much of a difference to you if you don't leave the country, but it most certainly makes a difference to the others living in another country.