Is your currency weakening against us dollar lately?
By dodyast3
@dodyast3 (1514)
Indonesia
November 22, 2008 8:08pm CST
My currency is weakening against us dollar in the last few weeks. Now buying a dollar is more expensive. Just curiousity, how about your currency? how much the difference so far?
This question is not for US citizens bcause your exchange rate will remain 1 dollar equal 1 dollar he he, except minus tax :-)
1 person likes this
7 responses
@animecom (25)
• Philippines
28 Nov 08
A few months ago or early this year in the Philippines, the exchange rate was $1 = Php 40. Now, it has risen to $1 = Php 48. I am confused why this is happening because the prices of gasoline and fuel have dropped but the value of dollar increased. But good for me, I'm making money online so I'm not affected. In fact, I am happy the value of dollar increased because my dollar earnings have become bigger when converted to peso.. :)
1 person likes this
@dodyast3 (1514)
• Indonesia
30 Nov 08
as long as we can keep earning in dollar,the increase is not affecting us at all. i think the financial crisis forces many investment companies in usa to take all their investment back to home country. since there is a big flow of us dollar out from our country,it makes the local currency weakening against us dollar. especially, end of the year, many companies need plenty of us dollar to pay debt. we are expecting a higher dollar at least for another one or two months. atthe meantime, let's collect dollar as much as possible :)
1 person likes this
@dodyast3 (1514)
• Indonesia
23 Nov 08
we all hope so. Most investors are now withdrawing their money right now. so many dollars are taken out from the countries. all the governments are trying to solve this problem. hope we can get back soon. i need dollars now to play forex and fill up my paypal again :)
@superrocker (402)
• India
23 Nov 08
hi i am from india and the indian ruppee is weakening against us dollor .it has come to record breakdown in exchange values these days..
@devils_nani (629)
• India
23 Nov 08
hi friend am from india my currency is rupee, since us currency is increasing our currency is going on decreasing, very sad news for us!!!!
1 person likes this
@edwinsoong (121)
• Malaysia
23 Nov 08
Hi,I'm from Malaysia and my currency is also weakening against US dollar. Currently,1 US DOLLAR is equal to RM3.60.
And I believe the US currency against my country currency will increase again to 1US DOLLAR is equal to RM3.70 soon.
Hopefully,i will get myLot payment at that moment ..^^
Happy mylotting
@carinio98 (2929)
• Philippines
23 Nov 08
well our currency is really low compare to any other country.... but do you buy euros? it is higher than dollar right?
@dodyast3 (1514)
• Indonesia
23 Nov 08
Yes, Euro always higher then USD, except when their first launch :) I don't buy EUR a lot since the fluctuation not so high. Different with USD, we can take profit from there. but when I'm trading, I like the EUR/GBP, the easiest pair for me.
1 person likes this
@carinio98 (2929)
• Philippines
23 Nov 08
in order to earn a good amount of profit you have to know what country has a low currency and a high currency.... i dont have much knowledge in marketing and business and stocks i want to know more about it so that i can exchange too... but i know it is not easy to gain reasonable profit not if your lucky to find the right spot if you dont then you will lose what you got.... like the other here at mylot they are losing some of there profit in exchanging in forex coz sometimes the currency is low and sometimes are high...
