Will you benefit from it if the US dollar price goes up?
January 28, 2010 6:19am CST
The recent announcement from President Obama triggers the rising value of US dollars but brings along the sharp decrease in gold and other prescious metal price. I read that today he will give another important announcement, which will try to maintain or even push the US dollar value. If so, will you benefit from this or not? I suffer a lot from this
1 person likes this
30 Jan 10
You are right. It is a great news for people outside U.S but only those who earn dollars in U.S and not those who have come to U.S to purchase something For those who earn in U.S but are residents of other countries will be hugely benefited. This is a nice time for foreign exchange if you can say so.
11 Jul 10
Hello magic It will be certainly of benefit to me, the conversion rate will go up, i can earn more rupees against the few dollrs i have in my paypal US account..well why you suffer a lot from this, may i know? Thanks for sharing. Welcome always. Cheers. Professor
19 Apr 10
Well, I will be benefited if the US dollar goes up considering that there is a greater exchange rate for my dollar. As you can see, I am not in the United States. A stronger dollar would mean a higher exchange rate for my dollar here in our area. I am doing some online earning and it pays through U.S currency. Thus, when I exchange it for our local currency, then I would have higher earning.
12 Feb 10
Yes . even i am an indian and would be more happy if the dollar goes up. as i could invest more in dollars. and could provide the services at lower cost and get the benifit of cost. what the dollar i already have. i can sell them at a bit higher price. so it is really a good news. and i want that US must recover fast to be again the world economic engine.
28 Jan 10
I will be hugely benefitted by this rise because with this I will be able to exchange my paypal money with more INR. Few days back I was getting Rs 46 for 1$ but now that you say that the dollar value is increasing then I will get around Rs 50 for each dollar. This is the nice time for us to withdraw money to our banks. Thanks for the sharing this good news with us. Why do you say you will suffer?