USD is going down! What to do?

Damn cos all my dough is in USD

 

Currently 0.8665 USD make 1 AUD.

If 0.9 USD will be needed to make 1 AUD, you will get less AUD from same amount of USD.

 

Best to buy stuff online in USD [eBay/ThinkGeek] and send it over here

 

Huh! Lol totally lost me there, so if it goes to 1 AUD to .90 USD will my money when I convert from USD to AUD worth more?

Does this mean that now we can use our AUD and get more for our money now?

Thanks

 

Sorry, corrected the post. .

 

I just looked on ebay.com and ebay.com.au and I could get a Nokia N95 $75 cheaper including shipping from America

 

8everything...if you need to withdraw funds from Paypal just open up a US account. Dunno with what bank you're with but I have one at TD. Then send your Paypal funds to the USD account and you will get a better conversion rate at the bank. However, I think the bank skimps you when you make any transactions on a US account. Worth looking into if you need to withdraw larger funds though.

 

a bit too late.. I withdrew a large amount already

I'm with RBC though, but I'll have a look.

 

"Rs. 72 Per $1 now its gone down to Rs.64 " I thought 1 USD = Rs 42 or Rs 45, something like that

 

He is talking about the Pakistani Rupee.

 

Well Presently the value is near by 40-41 INR per $.

 

Current value is 40.21 Rs = 1$...

 

aha, seems like USD going down & down. today i have converted $50 US dollar to Canadian Dollar. and i got only $51.40 Canadian. hmmm...

 

That sucks, if I was to convert $50usd to Australia Dollars I would get around $57-$58 dollars

 

I just read the news, that USD currency hit lowest.
thats very bad for business.

 

It went up a bit today but still, it's dropped 0.015 or so in a matter of months.. lets see what the future of the USD is it's bittersweet..

 

Just checked XE at the end of trading [and week as well]

Yep.

All time low.

 

Checked some of the comments. EUR to USD is now 1.37 (year or two years ago it was 1.25 by the way...) and some analysts believe it will go as low as EUR to USD 1.40.

That's of course bad news for anyone outside USD selling stuff... but to answer the question what to do?:

Naturally now it's good time to buy stuff It's buyer's paradise out there

They exchange rate might be dropping, but if the drop isn't more than a few percents then you simply need to cut the losses and move on.

If you have lots of money on your account, then of course you might want to get them out before it goes any lower than this. I wouldn't worry about it though. While it can go 1% or 2% lower... that's still not such a big deal (2% from $10,000 is $200 - shouldn't be so dramatic)

 

go forex and buy euro or other currency against USD - make thousands in days - well at least that's what i do ..

 

you can always do what i do and tax people for paying with paypal. i charge 3.2% on all paypal transactions to cover their processing fees. of course on low amounts 3.2 isn't enough but on higher priced purchases 3.2% is plenty enough to cover their fees and still give you a few extra cents. i just hate telling people $400 for something and then ending up with $388 after paypal charges me their $12 for processing it. of course you may need to charge more than 3.2% because of the exchange rate but it's an option.