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Anyone find it sad to see USD value droppd so much?

         

irock

9:31 am on Dec 9, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Pls see subject. This really sux as I need to convert the cheque to my country currency before spending my $$$.

sem4u

9:33 am on Dec 9, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Yes, the dollar is really low at the moment. At least I pay for my AdWords in £s :)

percentages

9:39 am on Dec 9, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



The US economy ain't out of the dumpster yet. Try suggesting to Google that they "hold over" your payments for a couple of years at a reasonable interest rate. ;)

I doubt they would bite, but it would probably be the best financial investment anyone outside of the US could make right now :)

1.22 for the Euro and 1.74 for the pound....Yuk!

brotherhood of LAN

9:42 am on Dec 9, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



Keep hold of your checks at the risk of google going bust ;) I left mine a few months before cashing a few of them at once.

Doubt the exchange rate will go much lower, its at "an all time low", so will no doubt even out when the money starts falling back into place.

Smiley

9:45 am on Dec 9, 2003 (gmt 0)

10+ Year Member



irock

have your considered opening a US$ account in your country (it's possible in the UK). You can then convert it when (if) the dollar gets any stronger.

Smiley

irock

9:51 am on Dec 9, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Smiley,

I do have a USD account... but I don't really collect google cheques so I can show off in front of my peers. I need the money to put food on my table. So, the ever low USD is sorta taking away some of the Russia-imported cavaiar on my table.

[edited by: irock at 9:53 am (utc) on Dec. 9, 2003]

percentages

9:51 am on Dec 9, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



>its at "an all time low"

I just about remember getting $3.00 to the pound, some here might remember $4.00 to the pound. Just 11 years ago it was at $2.00 to the pound. ;)

georgeek

10:39 am on Dec 9, 2003 (gmt 0)

10+ Year Member



Short term prognosis here [search.ft.com] and an explanation of what's happening that even I can understand :) here [timesonline.co.uk].

Smiley

1:57 pm on Dec 9, 2003 (gmt 0)

10+ Year Member



>I need the money to put food on my table

I see, then it is indeed sad.

All I can suggest is that you pay as many $ expenses you have from that account. Also who knows how low the $ will go.

killroy

2:00 pm on Dec 9, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Put it in a USD accounn anyways (shouldn't cost much in fees extra). At least you can do all your onlien payments liek hosting and so on without conversion.

SN

killroy

2:04 pm on Dec 9, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Gezuz.. just updated the conversion ratein my spreadsheet, and I just lost $60 on last months earnings because of the currency rate slide :(

SN

shrirch

4:48 pm on Dec 9, 2003 (gmt 0)

10+ Year Member



Just makes your Euro and Pound earnings more lucrative. :)

John_Shaw

5:09 pm on Dec 9, 2003 (gmt 0)

10+ Year Member



Yes, the US Dollar is getting low.

There are millions of factory workers in the US who are saying "it's about time".

lorenbaker

7:19 pm on Dec 9, 2003 (gmt 0)

10+ Year Member



Are those the unemployed or employed factory workers?

Best to hold the revenue in a US dollar account and take out what you need.

Once Howard Dean is elected president and cleans up the mess the US is in, the dollar should improve again. :)

IanCP

11:58 pm on Dec 9, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



have your considered opening a US$ account in your country (it's possible in the UK)

You can do that in Australia as well. I considered this option quite some time back and I'm mighty glad I didn't.

Since then my money would have depreciated some 35% and that amount is *very* significant.

Exchange rates are something you have no actual control over and beyond cussing, is best forgotten.

Holding onto cheques or, putting it into $US investments is still gambling with future rates and smarter people than us have fallen flat on their face over it.

Just gotta learn to live with it.

jhood

10:51 am on Dec 10, 2003 (gmt 0)

10+ Year Member



You have to be careful leaving your payments in US$ any longer than necessary. It is such an unstable, banana republic type of place that anything is liable to happen. You're better off to cash out quickly. The dollar is low now but it can go a lot lower, especially if there's another election fiasco and Jim Baker names himself President for Life.

Mario

12:42 pm on Dec 10, 2003 (gmt 0)

10+ Year Member



I've seen it reported that the euro may go as high as $1.50 so its best to cash those cheques asap.

Monus

3:29 pm on Dec 10, 2003 (gmt 0)

10+ Year Member



For me is it not only the USD what is going down everytime, we can do almost notting with the euro that has been set to high from the begining (2 years ago). The whole euro is one big rip-off for the normal people, lot of prices have been double from what is was before while the euro is going higher and higher. I earn two times more than 2 years before but have less money to spend.

tombola

3:42 pm on Dec 10, 2003 (gmt 0)

10+ Year Member



The whole euro is one big rip-off for the normal people

'Normal' people living in the Euro-zone are very happy with the Euro -:)

europeforvisitors

3:47 pm on Dec 10, 2003 (gmt 0)



Well, it works both ways. For Americans who earn revenues from European affiate programs, the rising value of the euro can mean bigger dollar payments from European hotel commissions, etc. each month.

Monus

3:56 pm on Dec 10, 2003 (gmt 0)

10+ Year Member



'Normal' people living in the Euro-zone are very happy with the Euro -:)

I only hear complains that they can not pay the bills anymore. And I hear that from Holland and Spain. I am wondering where you hear that they are very happy with the euro.

tombola

6:09 pm on Dec 10, 2003 (gmt 0)

10+ Year Member



Monus: with "normal" people, I don't mean people who do business with other countries ;-)

I live right in the center of the Euro-zone, and I don't know one single person here, who's against the Euro (things were different 2 years ago, of course).

Consider this: when you travel from one country of the Euro-zone to another, you don't have to exchange money, you can easily compare prices, doing business with other countries of the Euro-zone is simplified, etc.

lot of prices have been double from what is was before

LOL. Where do you get THAT information?...

NickCoons

6:54 pm on Dec 10, 2003 (gmt 0)

10+ Year Member



europeforvisitors,

<For Americans who earn revenues from European affiate programs, the rising value of the euro can mean bigger dollar payments from European hotel commissions, etc. each month.>

Can you point me in the direction of some of these?

Monus

7:01 pm on Dec 10, 2003 (gmt 0)

10+ Year Member



lot of prices have been double from what is was before

LOL. Where do you get THAT information?...

I live in malaga (spain) and comming from holland.
On this moment I need to pay 2 euro for a beer, this was before the euro 1.20. I need to pay 3 euro for 1 kilo of tomatos, this was 1 euro for 3 kilos before. This are only 2 examples but there are a lot of cases like this. For me only the phone is cheaper.

The most people I know here (many are poor) they need to survive now while they where living before. I don't mind to pay 20/40 euro for to exchange money if I can save 2000 euros a year with that. And I hear the same kind of stories in Holland.

europeforvisitors

7:13 pm on Dec 10, 2003 (gmt 0)



Can you point me in the direction of some of these?

Any affiliate program that offers euro-denominated products or services would qualify, regardless of where the program was headquartered. For example, Venere.com is a hotel affiliate program that's based in Italy, and HotelsCentral.com is a hotel affiliate program that's based in the U.S., but both offer hotel rooms in Europe. If a room costs 100 euros, that's going to translate into a USD 120 sale (or somewhere in that neighborhood, depending on the current exchange rate), which means a 20% higher commission than would have been the case when the euro and the U.S. dollar were at par.

onfire

8:07 pm on Dec 10, 2003 (gmt 0)

10+ Year Member



The Euro is the biggest con against the people of Europe this century, where many countries never even had a chance to vote on it, I too live in Central Europe -Germany, and believe me if they could, it would be out tomorrow and back to the D-Mark, & that's from business and normal people.

It will all end in tears as soon as the other poorer countries join up, and then there's the big fight to come over the pot of cash, which will be too small to share out to make any major difference to help any of the new countries joining.

Lets face it for the US the rise of the EURO is good for Business/Exports, even this week i have bought supplies from the US instead of locally.

The UK have the right idea, keep the £ pound!

the_nerd

10:35 pm on Dec 10, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



3 euro for 1 kilo of tomatos, this was 1 euro for 3 kilos before

sounds like a runaway inflation of about 800%. Funny the inflation rate is around 2-3% in Europe.

Even if Germany and France are spoiling the party a bit, the Euro brought stability to many European countries. Ask a couple of Spanish or Italian what happened to their money every year before the Euro (i.e. the ECU) - compared to Mark or Swiss Franc. That stuff melted like snow in a MWO.

I can easlily buy software licences in Holland and sell them to Austria and Spain without having to worry about exchange rates.

I can compare car prices in Italy and France without having to watch exchange rates.

People had the Euro years before it appeared as coins and bills, ever since exchange rates where fixed. NObody complained. I'm getting sick and tired of the "Teuro" discussions everywhere.

And back top the Google Dollars:

I you run your ads in the US, nothing changes for you.
In the other countries people bid for adwords in Euros and Pounds, not Dollars. So if the greenback declines you simply get more of them (if Google keeps the payout ration) - exactly offsetting the currency loss - if you disregard the time period between click and check in the mail.

So: don't worry, be happy ;)

Monus

12:08 pm on Dec 11, 2003 (gmt 0)

10+ Year Member



I'm getting sick and tired of the "Teuro" discussions everywhere.

If you sick and tired of the 'euro' discussions everywhere.

1) Then there is anouf problems for a lot of people otherwhy they are not discuss it everwhere.
2) That you like the euro does not mean that every one does that.

Even if Germany and France are spoiling the party a bit, the Euro brought stability to many European countries. Ask a couple of Spanish or Italian what happened to their money every year before the Euro (i.e. the ECU) - compared to Mark or Swiss Franc. That stuff melted like snow in a MWO.

From all the years that I have been in Spain, the peseta have always (more or less) stay the same.

sounds like a runaway inflation of about 800%. Funny the inflation rate is around 2-3% in Europe.

They had more reports that was not true.

percentages

1:06 pm on Dec 11, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



The "Big Mac" has been the most stable currency over the last 10 years....maybe all programs should start paying based upon the price of a Mac ;)

onfire

4:34 pm on Dec 11, 2003 (gmt 0)

10+ Year Member



LOL ;)

I'll be changing my cart to accept beef

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