USD down 42% 2001-2011 against SEK.

**Nicky** · 03-24-2011, 02:22 AM

Yea It's sucking major balls. It's like a income loss of 42% straight up.

**StariaDaniel** · 03-24-2011, 02:26 AM

Well, you should take a look at the programs in Europe (and paying in Euro).

SEK > EUR 2001 around 9,xxxx SEK = 1 EUR
SEK > EUR today 8,9295 SEK = 1 EUR

**strobi** · 03-24-2011, 02:30 AM

Buy gold! The dollar is going down...

**Jdoughs** · 03-24-2011, 02:30 AM

Same shit up here in Canada, we used to get $1300-$1400 per $1,000 US now we're lucky to get $950.

**HomerSimpson** · 03-24-2011, 06:34 AM

USD is almost useless in Europe...

**Deputy Chief Command** · 03-24-2011, 06:37 AM

Originally posted by HomerSimpson

USD is almost useless in Europe...

but to Europeans it is very good to go on holiday in the states now.. very cheap hotels .. good for shopping

**Adraco** · 03-24-2011, 07:02 AM

This shows clearly why you should always try to have your major costs in the same currency as your main income. Because otherwise you take on a huge currency exchange risk.

Say you had a server in Sweden but income in USD and the server costed you 100 SEK per month (in 2001 say $10)

So now, your server still costs 100 SEK but you would now have to pay ~$15 since it's now at around 6 SEK per USD or something.

Clearly shows what risks are involved in doing cross border businesses. It can of course go the other way around too, so it's a game of ups and downs.

**Barry-xlovecam** · 03-24-2011, 07:28 AM

**woj** · 03-24-2011, 07:43 AM

$1 USD is still $1 USD here

USD down 42% 2001-2011 against SEK.

USD down 42% 2001-2011 against SEK.

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment