21
Sep
2007
Is there any currency where the US dollar is doing well against? I should have made a screen shot from after hours trading last night. The CAD was worth more than the US. I have a feeling that will be the case heading into the weekend. I think I’ll change my ad prices to CAD now. 
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It very much annoys me, like John said in a previous post, he looses a lot of money because of the bad exchange rate.
It is also very bad against the British £, I loose more and more every month now :/
true . it’s $1=51p at the moment
Jon
Yeah, it’s a bitch with most affiliate programs paying in USD
I made $115 yesterday from Amazon Associates US but after the $15 for Amazon sending a cheque and then my bank changing it to GBP, I suspect there’ll be very little left for me
Well hopefully next year with a new US Pres, we’ll have a better off economy and the market will pick back up again, hopefully bringing back the power the US dollar once had.
It may be nasty, but there is no other way for them to send money … it’s the price we have to pay
It’s even worse when they send a check in USD. The bank takes roughly a 25% commission just for turning into pounds, not to mention the crappy conversion rate.
LoL, the bad thing is that the market is in USA. Now that would be a really evil move to changes prices to CAD John
(yet another price raising after the gas, when will prices start to go down damn it) just teasing John.
I converted my prices from $ to £ for everything I had control over about 4 months ago. Things like Kontera and Adsense (even though I pay for Adwords in £???) I can’t help and it still anooys the hell out of me every time I cash a cheque.
Talking about exchange rate, with the Euro getting stronger day by day with respect to the Dollar we loose so much
i think everyone who earns usd is having the same problem
We’re just trying to keep the evil Canadian John Chow in check
Doesn’t surprise me. It’s will be interesting, and troublesome, to see how far the dollar tumbles.
It will get back on track soon … or maybe not. I’m so glad I changed all the USD’s to EUR’s
I’m in Indian Rupee accounts paying 8%, Iceland Bonds, and Gold. Dax is not disturbed at all by the falling dollar. I was preaching it since December to get out of the dollar. Dax is not modes either.
The U.S. dollar is also doing really bad against the euro, it jumped above 1.4 dollar per EUR this week
well the US dollars is not that strong anymore… the wheels always turn. sometimes you’re up, sometimes you’re down
One thing you have to understand is that for the dollar to keep parity with any other currency ie the pound, that nation would have to in turn cut their own rates to keep money flows constant. While England will most likely do so, other countries experiencing high inflation will be reluctant to do so. Our close buddy Saudi Arabia may not be so keen on cutting rates as they are seeing high inflation. Ditto for china and India. India to date was trying to keep their currency pegged but have given up now. With inflation rates above 6% China/India simply can’t afford to cut their own rates.
If this keeps up we may see a Dollar Carry Trade develop. I’m interested in seeing how this plays out. Oooh its like a soap opera for Finance nerds.
great info . any info you can recommend to read up on this ?
His blog?
Interesting point on India. I don’t think people realize what’s going on here. The U.S. is doing this to break the back of China’s competativeness. India cried uncle (kind of an aside really) , China’s tougher, but even China can’t resist the power of the dark side. The dollar will continue it’s slide until the U.S. can assert indisputable economic hegemony over China. The sheer weight of U.S. economy will keep crushing China with money supply until it pops into line.
This is hurting alot of people especially canadians that get paid in USD because you used to get more Looneys per USD and that helped with the high cost of living in BC, now you just got to sell more or ask for a raise.
Wow… now you guys really get screwed on all that stuff that’s marked $5.00 US / $8.50 CAD
Similar story here… In the UK we seem to pay the same figure in GBP as the US pay in USD, so something costing $300 will usually cost us £300, even though $300 is currently £153!!
That is definitely right! I think that must suck for american importss.
I guess to answer the question… yes. The dollar has been doing well against the yen for a while.
John,
I’m with you now! I’m going to the USA in two weeks to buy a car. Saving close to $10,000. I almost feel bad…no wait. I don’t because I spent a lot of money in the USA when the CAD was $0.68.
Maybe I can now recoup some of those losses?
“I’m with you now! I’m going to the USA in two weeks to buy a car.”
it will recoup, so stop worrying morons.
It won’t recoup anytime soon… maybe after elections some other policies come into play, the US might stop spending more than it makes and perhaps the dollar will rebound a bit… but my suspicion is the US wants a lower dollar so it can begin exporting again and gain some more manufacturing jobs, stop real estate from going lower, etc… and pay for all that new debt by devaluing the value of a dollar… all past debt is easier to repay when your dollar is now worth less. The printing press is on. Print ~13% more money each year AND lower the intesest rate at the same time… of course real estate is headed lower… everyone wants to see their gain and perhaps retire… but at the same time a lot of people in the US have spent thier lifetimes earnings buying a nice house… they most likely won’t be buying ANOTHER house… when that many people spend a lifetimes fortune on homes your going to see a boom.
Time for China to dump its USD reserve to help us little guy out.
I cashed a cheque yesterday in U.S. funds and I actually lost money.
I believe EUR should be the next worldwide currency
Right now 1$= 1.38 Euro. What do you think….
Are you nuts? It is $1 EURO to $1.38USD. That is 1EURO to 1.38CAD for us.
Or we can sell usd/cad in the forex market to coup with our lost. Seriously, I should charge all my services in euro 
You’re right, i just flipped around the figures 1Euro gives 1.38USD, to bad
Check out Zeitgeist, soon you’ll all be paying in ameros.
I just love the dollar situation now! For those of us who live in europe, make money in us dollars and shop from ebay, the last couple of months have been GREAT!
The american dollar is doing well against any latin american peso !!!
Haha, the USD will soon become the Pesos of the north
Since we’re Inc.’ed in Ontario I’m missing the days when checks in Canada would be worth 40% more just because of the exchange rate
It’s sad. The US $ isn’t doing so well
.
Well, in Romania for ex $1 = 2.4 RON. However, 1 Euro here is 3.37 RON. RON is our monetary unit here. There was a time when I used to negotiate my salary in USD because it was higher than Euro. Now those times are long gone…
I was definitely shocked when I was at work the other day (I work at a bank). There was a huge run of people buying American dollars and going across the border shopping.
LOL, nice!
I bet this is just a way to get the illegal immigration stoped, by making USA not worth going to or?
Canada watch out!
Lol, that’s pretty sad. Bring the gold eagles back!
I have been laughing all day today! It is about time we were on top here in Canada for a change
I have even posted a funny picture of the new American Loonie on my blog today.
A low dollar helps American exports and hurts non-American imports.
It’s sad… I think I’ve lost around 20% of my profits in the last 12 months due to this problem….
I bet a lot of people have - the USD is a pretty global currency on the web, so pretty much anyone not spending in USD is being short-changed
I never thought I would see the day…GO CANADA. I need to go shopping now baby!!
Even though I publish my blog earnings in dollars, I used to still personally track them in pounds. I stopped this week as it was getting too depressing and the fluctuations were driving me mad. Plus, $10k sounds better than £5k!!
if I’d had known 1-2 years ago that the dollar would be worth less than most things right now, I’d invest heavily into the gold stocks.
Congrats to everyone who did, I envy you.
However, the bad stand of the dollar makes most things a lot cheaper for us abroad, so it’s not all bad.
Unless you get paid in USD of course then I’d be mad.