Losing $$$$$$$$$$$ because of the US Currency problems. - Page 2 - GoFuckYourself.com

Corleone · 05-21-2003, 03:31 AM

50

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

Theo · 05-21-2003, 04:20 AM

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

evilpurple · 05-21-2003, 04:41 AM

Quote:

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

Tex Willer · 05-21-2003, 04:55 AM

Quote:

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

freeme · 05-21-2003, 04:59 AM

yawn

Sharky · 05-21-2003, 05:05 AM

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

Jakki · 05-21-2003, 05:11 AM

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

FlyingIguana · 05-21-2003, 05:36 AM

Quote:

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.

ADL Colin · 05-21-2003, 05:46 AM

Quote:

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?

05-21-2003, 07:01 AM

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

Trax · 05-21-2003, 07:33 AM

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

jimmyf · 05-21-2003, 07:44 AM

Quote:

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.

jimmyf · 05-21-2003, 07:46 AM

Quote:

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?

archer · 05-21-2003, 08:27 AM

Quote:

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

Tex Willer · 05-21-2003, 08:53 AM

Quote:

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)

The Click · 05-21-2003, 12:34 PM

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)

magicmike · 05-21-2003, 01:42 PM

Quote:

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....

Trax · 05-21-2003, 01:45 PM

indeed
warren is the man

Dianna Vesta · 05-21-2003, 01:49 PM

Quote:

Originally posted by freeones
It's the economy STUPID

Duh? lol

3xwebdes · 05-21-2003, 01:52 PM

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

05-21-2003, 05:05 AM	#56
Sharky Confirmed User Industry Role: Join Date: Mar 2002 Location: Tampa, FL Posts: 4,938	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

05-21-2003, 05:11 AM	#57
Jakki Registered User Join Date: Apr 2003 Location: Vienna, Austria Posts: 90	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 __________________ Jakki

05-21-2003, 12:34 PM	#66
The Click Confirmed User Join Date: Apr 2003 Location: Canada Posts: 1,685	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

05-21-2003, 01:52 PM	#70
3xwebdes Registered User Join Date: Apr 2003 Location: Quebec Posts: 89	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

05-21-2003, 03:31 AM	#51
Corleone C.R.E.A.M Industry Role: Join Date: Apr 2003 Posts: 15,262	50 hope $$$ will increase soon .. my checks are getting wortless

05-21-2003, 04:20 AM	#52
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	i'm far from expert in currencies, but i have a feeling US dollar will pick up after summer.

05-21-2003, 04:59 AM	#55
freeme Confirmed User Join Date: Feb 2003 Posts: 924	yawn

05-21-2003, 07:01 AM	#60
evildick Guest Posts: n/a	I transferred some over yesterday and got 1.32. WooHoo! Who wants to take bets on how much worse it will get?

05-21-2003, 07:33 AM	#61
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	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

05-21-2003, 01:45 PM	#68
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	indeed warren is the man