50

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

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

It just your presidents we could do without :)

yes but it has never lost 30% of its value in so short time period, that's what's disturbing

yawn

:1orglaugh

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

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.

Cheers, Jakki

jakki "at" goodthinxx.com :2 cents: :2 cents: :thumbsup

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.

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?

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

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

As the world turns. :Graucho

:Graucho :Graucho :Graucho

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:ak47: :ak47:

hm, didn't know about the '85/86 drop-down, thanks for the info :thumbsup 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) :)

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)

:BangBang: :BangBang: :ak47:

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.... :)

indeed
warren is the man

Duh? lol

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