my currency is rising but im not benefiting online

Discussion in 'General Chat' started by AnimeFevers, Apr 15, 2009.

  1. #1
    in 08 the british currency fell dramatically which ment that our money was pretty much worthless compared to usual. In these times my earnings online have been great because as british currency fell I earn in usd so my money rose. Now our currency is picking up a bit and rising my earinings have converted lower now :(

    Anyone from britain feeling the same way as me?
     
    AnimeFevers, Apr 15, 2009 IP
  2. n00bmaster

    n00bmaster Peon

    Messages:
    371
    Likes Received:
    12
    Best Answers:
    0
    Trophy Points:
    0
    #2
    This is how the system works. When a country's currency falls the exporters are greatly benefited. Whereas when it rises, the importers have the advantage.

    If you're dealing with softwares or services internationally online, or run websites through which you derive earnings from abroad, then you my friend are classified as an exporter.

    When your currency was low, you could convert it to a higher amount in cash against the money you received from the US. But when your currency went high, the cash conversion is low and you reportedly have low earnings. :)
     
    n00bmaster, Apr 15, 2009 IP
  3. AnimeFevers

    AnimeFevers Well-Known Member

    Messages:
    1,013
    Likes Received:
    11
    Best Answers:
    0
    Trophy Points:
    130
    #3
    Exactly :)
     
    AnimeFevers, Apr 15, 2009 IP
  4. lifeplayer

    lifeplayer Notable Member

    Messages:
    15,609
    Likes Received:
    475
    Best Answers:
    0
    Trophy Points:
    265
    #4
    It is about spend and gain.
    If you are gaining money in other currency, it is good when your own country money is in lowest rate. However, it will be bad news for the buyer, they need to pay more. It happen oppoite when the local currency increase.

    Therefore, buyer and seller in different angle, cant say good or bad
     
    lifeplayer, Apr 15, 2009 IP