Google shares! Totally forgot about that one. Wow.. the Canadian currency is creeping over the USD... not good unless products start costing cheaper here, it'll be a plus side..
The exchange rates are hardly under your control or influence. So stop worrying about them and just focus on earning more of them. The more you have, the less you would think about the exchange rates.
Quite the opposite! When your earnings in a foreign currency are great enough, you should definitely think about exchange rates. You can lose a lot, if you just randomly exchange your currency instead of carefully researching the best time.
I think it's quite important.. because we need to adjust our prices and spendings according to the exchange rates (especially those who aren't US based)
As someone said invest in Canada! Actually our real estate is still booming as is a lot of businesses except the lumber companies and new car dealers. Speaking of new car dealers if you're Canadian and looking for a new car head to the US and save yourself some money!
Investing in Canada for the future is great I agree on the real estate comment, I've noticed that housing has been getting pricier up here!
But if I charge significantly higher than my competitors, I'll lose business it's hard to find a balance between the two ..
talk about USD... fyi the Indian Rupee to USD is at all time high(Rs is much stronger) never thot 1 USD wud get just 40 bucks..while before it was sa high as 49...
The Indian economy is rapidly growing and the USA's economy isn't doing fairly well.. that's not a good combo (Canada has the same 'problem')
Damn, just got my first payment where the canadian dollar EFT deposit was LESS than the US dollar original amount. Ouch.
Don't invest in RE in BC, the market there is kind of like the end of a Jenga game... nobody knows how the hell it's still stable. Rent is normal priced, but rich Asian businesspeople are buying condos and driving prices for regular houses into the millions of dollars while people are still making the same amount of money. The prices are insane. In 10 years the average price of a home has more than doubled.
Australian dollar hits 23-year high The dollar has reached a 23-year record, hitting an intraday high of 90.22 US cents after smashing through 90 US cents overnight. It hit the mark at 10.46 (AEST) this morning, its highest level since June 4, 1984 when the Australian dollar closed at 90.5 US cents. I'm gonna soon start charging in AUD!
do you think clients would mind if we did charge in a different currency, they'd have to pay the conversion fees I believe.
falling dollar is causing great asset inflation in emerging markets like India, therefore it makes sense to invest where big money is flowing for long term.
Stop working in US dollars, and start in CANadian dollars! Paypal etc, won't be able to catch you on the currency conversions that way.