My Biggest Online Income Killer

Hi, this with the low dollar is not only your problem, this thing affects millions of people. It is really bad for us, the webmasters that receive checks only in US currency. I can give you free advice to sell all the US dollars you have cause by the end of the year the dollar will go down again and will be more cheaper than it is now.

That's not sa bad John. Take this. Here in the Philippines the rate used to be 56 pesos = 1 USD. Right now its ranging at 44 pesos = 1 USD.

That's very bad as I feel the difference everytime I go to money changers.

And I was thinking of 'sneaking' into Canada from the US :???:

Getting paid in US dollars doesn't make it any easier by being in the US, it just means you are just more familiar with your money having jet wings as it leaves your bank account :!:

very true the american dollar sucks. you should really do something to prevent losing that much $$$$$

The whole thing happened when the U.S. got off the gold standard. When that happened, it made it easier for the goverment to print money and inflate the currency.

I think that the dollar will continue to slide, but there is a certain low that it will reach and then it will rebound. This will happen because the Fed will raise interest rates, so hang in there. I'm sure that there's some pressure on the Fed to do something, because a lot of important folks hold dollars.

I had noticed the issue with the dollar recently, because all my eBay customers suddenly turned out to be from out of the states. When I started I had one or 2 international customers a month. Now 75% of my inventory gets shipped out of the country. I imagine most of my new customers are thrilled they are getting such a deal, since I list in puny old USD.

I guess the dollar crisis is really coming. Turn your money into gold, that's my advice.

Good thing the Chinese Yuan is government regulated, otherwise the whole world will be turned upside down.

You think you have it bad in Canada? The cost of living in the UK is even higher, added to the fact I'm suffering from the same currency exchange problems...

Though it does mean that I'm considering moving to the US. ;)

Oh I feel you man, I just cashed in a 1000$ USD cheque this morning and I didn't even get 1040$ CAD in return -_-

I have exactly the same problem. The Thai Baht used to be 40 Baht to the Dollar about a year ago and now its just broken the 30 Baht barrier :cry:
Thats a 25% loss of income for me...

I know it sucks, and it's costing me almost 10% cost of whatever I used to earn one year or even few months back.

Thought the Earnings have rose, my income has gone down due to this dollar inflation. Cost of everything has gone up from cars to real state in India, but due to Dollar weaking, it's getting difficult to affoard big things now, even though I earn > 10K Dollars !

USD is going up right now... I hope it keeps going.

I hear ya John! The US dollar is killing all of us good Canadians who rely on income from the net in USD. Maybe we'll get lucky in November and another democrat will be elected.

If this keeps up, I won't be able to make fun of the Canadian dollar anymore, like I've been doing for years. I can't imagine a world where money from Canadia is worth more than money from the US. :(

Yup it sucks for all of us Canadians :cry: .

It's amazing that you printed out the currency exchange. A little more than a month ago I stated almost the exact same thing on my blog FollowSteph.com.

Living in Canada and generating mainly US income has significantly affected us. I think we're one of the few companies that have adjusted our Canadian price to reflect the currency. Too many companies are still charging Canadian's the same price as a year ago which isn't right.

I never thought of this, but that just plain sucks! Hopefully the US dollar will rebound...

I feel your pain john. Hopefully things will start to change and the U.S. dollar will start getting stronger.

You know I have put up a posy just yesterday about the same thing. Dollar vs Rupee is really a worst scenario. The dollar has depreciated more than 15%, so essentially I am poorer by that amount. Have a look at this:
Rise of Indian Rupee and Dollars fall from Grace: Job losses to many.

I think the problem is the Canadian dollar gets too strong.

If you think Canada is bad, try the UK. It's great getting paid in GBP and buying from US, but doing it the other way around is a harsh reality check. Maybe moving to America would solve your conversion woes ;)

Try living in the god damn UK! I got about 48 pence for each of my dollars last time I converted! :sad:

it seems like the entire world is going against America because of war on terror and its effecting their trade this shouldn't be happening...

I live in the states so can't say much...except about our debt and funding for the 'war.' :lol:

buy puts on the US dollar

It's amazing how much the exchange rates have changed, even over the past two years. $1 has diminished in value so much that a very interesting global situation has been created, particularly for foreigners living abroad. That is unless they make a living off Adsense checks.

You cry for $6000 differences...I cry for $15,000 difference...

This has been the best read ever!

I am a full time blogger in England, and the American $ pay for my rent, food etc.

I noticed on my last google adsense payout that it was just 0.487 : 1, thats £0.49 per $1. This is the first time I have seen it under the 0.50 amount.

Basically many things cost 2x in England as they do in america. If I were to move to American I would be a lot richer!

I am going on a vacation to Hawaii in 2 months for a fair amount of time, while I live / work there I will be richer, crazy huh?

John, where did you get that graph from?
Cheers

I remember the good old days when you could go up to Canada for a fishing trip, exchange US for CAD, buy bait, then exchange back to US, and end up with more money than when you started!

(ok, that story might have been exaggerated a little (like the size of the fish we caught, :evil: ) but it gets the point across...)

The change in the dollars value has seen my earning slide too, when I first started earning online 6 years ago $1.50(ish) got me £1.

Now it takes $2 to get a £1.

When it's mentioned like that it seems nothing but when your earnings are in the thousands it's very apparent.

:sad:

It's now just over 2 US dollars to a pound. My blog is new though so haven't really made much from ads and therefore not feeling the strain. Is good for us British though because if you're earning in pounds then shopping is dead cheap in the US now. Think I'm going to plan my next holiday... :grin:

I think thats pretty selfish the fact that you are actually making extra money just because its being converted. What about the american readers who don't get to convert it over?

Blame the current US govt its the most applicable reason i can think of

An interesting topic, and one that perhaps not many people have thought about before. Good stuff.

That's interesting John, It's not much of an issue with GBP though.

you are still VERY lucky because my currency in eastern europe dropped like 200% in last few years against US dollar. i could buy the double few years ago for the same money

This should be a new killer which is beyond our control. In my case...i'm still better off getting USD 1 to RM 3.49....that's lot if you have USD 1000 to RM 3490. During Asian financial crisis, Malaysia pegged its RM to US at the rate of USD1 = RM3.80.

Hell...that time is awesome for USD 1000 ..you'll get RM 3800. That's one month salary of Senior Executive here.

Make some money online doing currency arbitrage, aka Forex!

This may be bad for those of you outside the US but it is good for those of us in the US.

1. Imports become more expensive so you have to buy local products.

2. Foreign investment increases because prices are so low.

3. Off-shoring jobs becomes far less lucrative because the price goes up.

Just because a falling dollar is bad for you does not mean it is bad for the US.

Personally, I wasn't even aware that the US dollar was becoming weaker. I had noticed quite a dip in my AdSense profits, though. I've never really questioned it.

Steve

It's to be expected since we got away from the gold standard. US money has NOTHING of value backing it aside from the so-called "full faith and credit" clause of the US Constitution.

Critics warned Woodrow Wilson that the Federal Reserve Act was going to turn around and bite the US in the ass and that's exactly what has happened.