Ohhh A Weak Dollar... Its really a bad time for us..

no hope for the USD??? I live in India, and I'm going to see a goldrush in my online earnings soon... USD rise, please...

I'm probably being SELFish, but that's another story...

 

I too live in India ... Do not see a rise of $ against IRs. in near future. Still foreseeing rise in IRs. for 1 more year to come against $.

 

I am not comfortable with whats happening now.. I want the forex rate to be either 42 Rs./$ or 1 Rs./$ And I dont like a value in between this

 

LOL...

By the way, a temporary good news is that the market rate closed at Rs. 39.72/USD today... Sell your USDs now...

 

Yes, but i dont have any dollars now.. its on the way... by the time it reaches here.. dollar would be 39

 

yep... The Finance Minister is still going berserk on controlling the inflation rate... where as he's already been very successful at that... USD going down...

 

And the € continues to rise againts the dollar.... 1€ = $1.49usd....
bad times comming

 

No doubt euro is better than dollar, but if you are going to put money into foreign currencies, swiss franc is the one to look into.

This is from the last issue of Chapman's "International forecaster" -

Having lived in Switzerland for several years, attended school there, and
having spoken their languages we have a better idea than most where the collective Swiss psyche is coming from.
They tolerate others, particularly the Americans and the British. Prior to WWII
the Swiss ran the world money show. The British were in part superceded by the Americans after WWII. The Swiss didn’t like giving up financial supremacy after having been in the driver’s seat for 100 years. They generally look upon Americans as monetary barbarians, only to be tolerated until the screw turns; the result the horrible mess both the Americans and British have created. That is why the Swiss franc is about to reassert its preeminence as the world’s safest-strongest currency. In the past several months we have seen the franc strengthen against all currencies, but most significantly versus the dollar and the euro. The franc looks like it wants to move higher against these currencies. It was about ten years ago the franc hit $1.73; today it is trading at $1.15. The franc was oversold and long-term investors nailed down 10-year bonds denominated in Swiss franc. The yield has helped but long-term appreciation has been staggering, or should we say, the fall of the dollar has been dreadful. When we last lived in Switzerland in the early 1960s, the franc was 4 to the dollar. That really shows you how the dollar has fallen over 47 years. That depreciation began on 8/15/71. Most investors do not realize it as yet, but the franc is about to move back into prominence as the world’s preeminent currency. That is why we have recommended for those who needed liquidity beyond gold and silver related assets to buy Swiss franc government bonds over the past couple of years. The euro and the yen may have the media’s attention, but the strong franc lurks in the background almost unnoticed. The flight from the dollar will continue unabated until the US elitists are finally forced to purge the dollar system and rebuild a new currency structure. On the other hand, the Swiss, other Europeans and Asians are going to see the advantage of cheap currencies evaporate.

 

i have started my billings in EURO....dollar fall was imminent

 

getting clients from across the world even then?

I still wonder what's up with the Global currency... The USD shouldn't be going down...

 

The problem is that if you bill in euros, apart from european people, everyone will thinks your asking a lot of money for a service.

It will take some time but with the dollar like this a people making business in € i think we´re gonna have an "internet prince inflaction".

 

yeap!i agree with this!!i am from italy and i quiet often buy products in dollars,the problem is that most people in the US only ship to thier 48 loved states

oh well....maybe one day they will realize thier mistake!And that day the euro will be down again

 

Hello,

have you read this freaking article:

Forecast: U.S. dollar could plunge 90 pct

http://www.upi.com/NewsTrack/Business/2007/11/19/forecast_us_dollar_could_plunge_90_pct/4876

Cheers.

Thibaut

 

Oh.... 1 US$ = 1 INR I cant imagine that situation........

 

Ummm, I read that article, scary until you check out what he was saying. If you look at GM's last three quarterly reports you will note they had a net income of approximately two billion dollars.

I wonder how UPI (the source of this "story") is doing. Here's what I find at wikipedia:

Maybe GM should hire the 5 people as PR people that can speak for GM during strikes.

 

The weak dollar really does suck (I live in the USA).

I remember just a few years ago when I took a trip to the edminton mall with a bunch of US cash and bought a bunch of stuff because of the awesome exchange rate (for us).

Hopefully things will improve, it's not good to have it low like this...

 

Hello,

I agree with you: this report seems to be very exagerated.

Cheers.
Thibaut

 

anyone who really knows what's going wrong in the US Economy office?

as for what's going on (wrong or right, I don't know) in the Indian Finance Ministry office is that the Economists are interested in controlling the inflation rate... Hence, the INR rise against the USD...

Besides, Goldman Sachs says that the INR is overvalued at 22% against the USD...

 

Its not just because of that... actually this INR rise is mainly because of the Dollar inflows into the stock market by FIIs...

 

I am based in Spain and use the euro.

All my hosting is in the US and is charged in US$ so I am saving about $500 per month on hosting at the moment.

Also, when it comes to subscriptions and payments etc I am saving about $10,000 per year with the dollar being so low.

I am sorry to hear that there are coders losing a bit of money but the US$ will bounce back, dont worry.