Losing $$$$$$$$$$$ because of the US Currency problems.

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  • Corleone
    C.R.E.A.M
    • Apr 2003
    • 15262

    #51
    50

    hope $$$ will increase soon .. my checks are getting wortless

    Comment

    • Theo
      HAL 9000
      • May 2001
      • 34515

      #52
      i'm far from expert in currencies, but i have a feeling US dollar will pick up after summer.

      Comment

      • evilpurple
        Registered User
        • Apr 2003
        • 95

        #53
        Originally posted by Sly_RJ
        What the fuck? Are you saying you really do need us? But, I thought we were just big bad Americans that everyone could do without?
        It just your presidents we could do without
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        • Tex Willer
          Confirmed User
          • Apr 2002
          • 1105

          #54
          Originally posted by Colin
          The dollar is where it was against the Euro four years ago, the Swiss Franc 4.5 years ago, and the Franc 7 years ago. Note all those dates were just a few years ago. None were 50 years ago
          yes but it has never lost 30% of its value in so short time period, that's what's disturbing

          Comment

          • freeme
            Confirmed User
            • Feb 2003
            • 941

            #55
            yawn

            Comment

            • Sharky
              Confirmed User
              • Mar 2002
              • 4938

              #56
              The only real solution is for canadian and australian designers to start charging more for design work! .. yeah.. that's it.. start charging more.. the world will be a better place!

              Andrew@ Blue design.. where are you? can I get your word on this?

              lol
              Sharky

              Comment

              • Jakki
                Registered User
                • Apr 2003
                • 90

                #57
                Hi Guys, I know it sucks but do what I do... I buy traffic in $ and I get paid in ?!!! If you want you can use our billing solutions. We also allow you to use all of our niche sites for free. Just pop me a mail.

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                Jakki

                Comment

                • FlyingIguana
                  aspiring banker
                  • Mar 2002
                  • 10870

                  #58
                  Originally posted by Soul_Rebel
                  i'm far from expert in currencies, but i have a feeling US dollar will pick up after summer.
                  i wouldn't count on it. unless things really pick up, i don't see the dollar moving up until next year. it was due for a fall.

                  Comment

                  • ADL Colin
                    Too lazy to set a custom title
                    • Feb 2001
                    • 11929

                    #59
                    Originally posted by Tex Willer


                    yes but it has never lost 30% of its value in so short time period, that's what's disturbing
                    I don't think that's true, Tex. Which currencies are you comparing the dollar to? If you use the Euro/Euro basket currencies, it's dropped faster before.

                    US vs. European currencies. February, 1985 to May, 1986. Dropped 30% in 15 months. Beat that. The dollar lost almost 50% from 1985 to 1987 relative to european currencies.

                    The US Dollar Index was at it's highest point since 1995 in February, 2002 (132.245). It's at 123 now. That's only a 7% drop. The US Broad dollar index shows less than a 10% drop from the high of Feb, 2002. In fact, the drop in the dollar the past year and a half pretty much matches the rise in the year and a half before that. The dollar is still about 20% or so above where it was ten years ago. As I said, we're just back to the 1999 exchange rates. Asking why the dollar is dropping now is to also ask the question why did it rise before?


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                    Comment

                    • evildick

                      #60
                      I transferred some over yesterday and got 1.32. WooHoo! Who wants to take bets on how much worse it will get?

                      Comment

                      • Trax
                        [----------------------]
                        • Aug 2001
                        • 14486

                        #61
                        hope it wont go above 1.22
                        well
                        i actually think the dollar is going to rise again within the next 6 month...
                        no way we are ever going to see parity again but....
                        1.10 within the next weeks is possible

                        Comment

                        • jimmyf
                          OU812
                          • Feb 2001
                          • 12651

                          #62
                          Originally posted by FATPad
                          Keep repeating..."The US is not the center of the world" over and over.

                          Otherwise Americans will get an even bigger ego and believe they really are the most important country in the world.
                          As the world turns.
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                          Comment

                          • jimmyf
                            OU812
                            • Feb 2001
                            • 12651

                            #63
                            Originally posted by Sly_RJ
                            What the fuck? Are you saying you really do need us? But, I thought we were just big bad Americans that everyone could do without?
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                            Comment

                            • archer
                              Confirmed User
                              • Jul 2002
                              • 1721

                              #64
                              Originally posted by CDSmith
                              They were saying on the radio this morning that the Canadian dollar will likely strengthen as much as another 5 cents in the near future. There is only one antidote for it..... whatever you're doing to make money, do more of. Give yourself a raise. At least in this business we have that option.

                              oh please, noooooo!

                              i was more than happy when the dollar was at 65 cents....

                              this upward trend sucks the big one!

                              and there's no consolation in the fact that american dollar is falling like a stone against every other major currency either.

                              i can't take that fact to the bank
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                              Comment

                              • Tex Willer
                                Confirmed User
                                • Apr 2002
                                • 1105

                                #65
                                Originally posted by Colin
                                I don't think that's true, Tex. Which currencies are you comparing the dollar to? If you use the Euro/Euro basket currencies, it's dropped faster before.

                                US vs. European currencies. February, 1985 to May, 1986. Dropped 30% in 15 months. Beat that. The dollar lost almost 50% from 1985 to 1987 relative to european currencies.
                                hm, didn't know about the '85/86 drop-down, thanks for the info however i still think that the recent fall is very important (and tragical) point in the usd's history line ;-) as back in 1980s there was no country/currency to compete with it but nowadays there is

                                ...

                                perhaps we better stop whining and double our efforts (and income as well)

                                Comment

                                • The Click
                                  Confirmed User
                                  • Apr 2003
                                  • 1685

                                  #66
                                  Cheque rates for 21 May 2003 15:00:40 EST

                                  Converting 1.00 U.S. Dollars to
                                  Canadian Dollars will yield
                                  1.33 Canadian Dollars.
                                  (Derived rate = 1.3320)



                                  ICQ: 31-30-30

                                  Comment

                                  • magicmike
                                    Confirmed User
                                    • Feb 2003
                                    • 2384

                                    #67
                                    Originally posted by FlyingIguana


                                    i wouldn't count on it. unless things really pick up, i don't see the dollar moving up until next year. it was due for a fall.
                                    Yup, the US intrest rates are low, the stock market isn't doing that well, so people pull their money out of the USD... put it back in their local or other world funds (Euro) and the USD moves down. The bush admin, isn't worried, and have decided they won't be pursuing a strong dollar possition any time soon... on the one hand it should help US tourisim, as people from other countries that don't make US dollars can affoard to visit the US for the first time in 5 years or whatever.


                                    I just wished I had of transfered all my USD into CDN a couple months back, I can sit on some income for a while, but not all. Its not a big deal, but it sucks when you loose that 20 - 30 % free money that you make on the exchange.

                                    If it picks up towards the rest of the year however and the year end exchange is higher then what you convert your $$$ at right now, in Canada at least you can declare a loss on your currency exchange and stick it to the gov't...

                                    Helps a bit, but I'd prefer the us dollar gains a bit, or at least stops falling.

                                    Buffet's tax plan is way smarter than GW's, and would actually help the economy. He is rich for a reason I guess....
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                                    Comment

                                    • Trax
                                      [----------------------]
                                      • Aug 2001
                                      • 14486

                                      #68
                                      indeed
                                      warren is the man

                                      Comment

                                      • Dianna Vesta
                                        Registered User
                                        • Jul 2002
                                        • 89

                                        #69
                                        Originally posted by freeones
                                        It's the economy STUPID

                                        Duh? lol
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                                        Comment

                                        • 3xwebdes
                                          Registered User
                                          • Apr 2003
                                          • 89

                                          #70
                                          Yeah I'm losing money too. Each time the CDN dollar gain points, it is my paycheck that goes down... Hey Mr Chretien bring it back to 0.62 $ pleeeaaassseee !!!


                                          Mike
                                          Mike P.
                                          ICQ : 139036653
                                          USA & CAN TOLL FREE : 1-877-959-7070

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