If I change it (in paypal) and people send me USD... it will convert automatically to Canadians.. so I'll still have to pay the fee? Or does the client have to pay the fee?
Ou of hand is You don't live in UK you don't get payed in Pounds / You don't buy in pounds so why transform in pounds Is free fall this is very very bad for business
Oh.. well I get invoiced in USD and I can't technically "spend" it in Canada now can I? I get it exchanged Same idea with the pounds
I bought a house and a friend of mine asked me the same question of yours. I asked him if he had millions of dollars ? He said no. My answer was : "we don't have to worry let people with millions of dollars and the American goverment think of this" -But my concern is in the history on such times there has always been big wars , because when there is war you rule with weapons and it is easy to herd the sheeps
i would convert your money to USD because after the war the USD will go back up like it always dose after a war. Currency of a country goes down when the country is at war and it recovers after.
It's both good, and bad. Bad for money I earn. Good for money I spend. I don't need any more encouragement to spend
The American Dollar will be changed soon anyways to the Amero. I can't compete with the Euro and the Yen is slowly creeping up in value.
I am sure Bush will find another war to open, they have an offensive strategy... Question for you: Why is US still open US military bases in Europe? The Iraq war is almost complete right? Now another tip why US currency is low is: US is exporting a lot (like petrol, gas) Merchans from all over the world loves to buy from US because of the low currency, Well that maintains US the first economic country.
"Good for money I spend." Really ? I assume goods and services will also increase in price in that case.
Last week it was $1 = £0.51.... Holy monkeys. USD is losing value an average of 2pence a week at the moment. I remember when i first did business in November 2005, it was $1 = £0.67. As for us English, we have one word to say....Owned. Rob
Very simplistically, the £ vrs $ rate is driven by interest rates - UK rates are much higher than US rates so money flows into the UK markets from the US, therefore $'s buy increasingly less £'s. Whilst UK rates remain high / rise the conversion rates will remain as they are. It will take higher US / lower UK interest rates to reverse this trend (or some other major economic change) -- that is not likely to start happening until 2008 ,,, tighten your belts, enjoy the ride ... and work harder!
Yes. I am from Australia, I used to pay around $80 for something that cost $50 US. Now I pay about $60 Problem being, if I earn $50US I don't get $80 anymore, I get $60. So in that sense, nothing has changed. So I pay less, but I also earn less. It's good if I buy stuff from the US which is expensive over here, because I get it even cheaper again because of the good exchange rate