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USD is going down! What to do?

Discussion in 'General Business' started by 8everything, Jul 6, 2007.

  1. m0rtal

    m0rtal Well-Known Member

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    #261
    All my income is in USD. It isn't exactly practical to hold it for who knows how long to get a few extra bucks and I need the money since it's my income.
     
    m0rtal, Sep 22, 2007 IP
  2. shiftline

    shiftline Active Member

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    #262
    Im in canada! yay! cheaper travel! lol
     
    shiftline, Sep 22, 2007 IP
  3. messa

    messa Peon

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    #263
    No, we gain now when converting from cad to usd. We used to loose.

    I just put a cheque in today for $140 usd and got $137 cad.
    That was a small cheque. I'm not looking forward to seeing what happens with the big ones though I already know.
     
    messa, Sep 22, 2007 IP
  4. 8everything

    8everything Peon

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    #264
    It ads up, if it were 140 000 and you got 137 000 back :eek: what a lose!


    I just converted on Paypal, and look!!!!

    1,000.00 USD = 975.09 CAD
     
    8everything, Sep 23, 2007 IP
  5. manakill2000

    manakill2000 Peon

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    #265
    gag, time to use egold for everything :p
     
    manakill2000, Sep 23, 2007 IP
  6. 330td

    330td Well-Known Member

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    #266
    E-gold itself is a gag :D
     
    330td, Sep 23, 2007 IP
  7. m8x

    m8x Banned

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    #267
    Hahaha, It's good to be Canadian, eh! :)
     
    m8x, Sep 23, 2007 IP
  8. 8everything

    8everything Peon

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    #268
    I would use e-gold but I don't think my clients would want to ;) so that's a problem right?

    BTW: The morning is okay, the CDN is riding a bit below the USD, it went above it last night :eek:
     
    8everything, Sep 24, 2007 IP
  9. Waffleguy

    Waffleguy Well-Known Member

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    #269
    Buy gold and Silver.
     
    Waffleguy, Sep 25, 2007 IP
  10. Lukaslo

    Lukaslo Peon

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    #270
    1 U.S. dollar = 0.99970009 Canadian dollars, you did it :p
    But you are never gonna catch us ;)
    1 U.S. dollar = 0.710378632 Euros
     
    Lukaslo, Sep 25, 2007 IP
  11. janneke

    janneke Well-Known Member

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    #271
    I even earned a few bucks when I traded my euro's for dollars (1.4/1) I can get cheap dollars and thus cheap services. Last time I xchecked a euro is worth 1.40 dollar. So for me it's an advantage.
     
    janneke, Sep 25, 2007 IP
  12. m0rtal

    m0rtal Well-Known Member

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    #272
    Who cares when everything is more expensive in most Euro countries anyway? My Canadian dollar or even the US dollar will buy more here than your 1 Euro will buy there.
     
    m0rtal, Sep 25, 2007 IP
  13. amitpatel_3001

    amitpatel_3001 Results Follow Patience

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    #273
    Just withdrew another 10k $ and found the rate at around 37.xx$ :mad:
     
    amitpatel_3001, Sep 25, 2007 IP
  14. MeetHere

    MeetHere Prominent Member

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    #274
    Do you think the exchange rate will improve in coming days ?:confused:
     
    MeetHere, Sep 25, 2007 IP
  15. Lukaslo

    Lukaslo Peon

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    #275
    Yup that it's true, specially in places with turists :S
     
    Lukaslo, Sep 25, 2007 IP
  16. 8everything

    8everything Peon

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    #276
    Let's hope so, but the rate that the USD is going, I don't think so :(
     
    8everything, Sep 25, 2007 IP
  17. antman

    antman Well-Known Member

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    #277
    For Australians, it's dropping > I suggest exchanging ;)
     
    antman, Sep 25, 2007 IP
  18. messa

    messa Peon

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    #278
    Not that quickly. You'd have to hold it for a while to get much.

    Me and alot of people are going to have to try and come up with something krafty though.
     
    messa, Sep 25, 2007 IP
  19. nugrosjp

    nugrosjp Peon

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    #279
    My auction bussiness take a lot of hit because of it but not my costume bussiness. I think about this matters a lot befor doing both
     
    nugrosjp, Sep 25, 2007 IP
  20. maverick123

    maverick123 Peon

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    #280
    unless n untill US citizens doesnt start saving enough, dollar will continue to slide as more n more countries will diversify their currency portfolio away from US treasuries, also with ever increasing war spends on iraq,afganistan, and possibly in Iran, dollar long term trend is still weak....
    it's better to do billings in more stable currency like Euro.
     
    maverick123, Sep 26, 2007 IP