how stable is your currency?
By chiumee
@chiumee (850)
Philippines
December 15, 2009 8:33am CST
i don't trust this foreign exchange rates recently. they are changing everyday but it makes me panic whenever seasons are approaching. the rate goes very cheap with dollar against the currency of my country. it's normal so to speak but it disappoints me somehow because i am looking forward for my hard-earned dollar to be more useful but it turns out the other way. i end up tightening my budget. and every time i send money to my family, just as soon as they receive it, the exchange rate is much better the day before. now, Christmas is in front of us and the dollar is again getting cheaper. yet the prices are still up. i guess it's not the crude oil availability that's solely affecting this exchange rate, i would say it's because of the interest to make good money market when celebrations come and it goes back to the fuel issues after.
1 response
@key2write (493)
• India
15 Dec 09
Nobody stop the currency volatility. Dollars value falls regularly because of some reasons. But don't panic it will goes up very soon. If you see the global economy, it takes a long year to revive. And continue to improve their economy. Every country have engaged to improve their economy with different policies. Its the difficult day for all. Its not a issue of you and me. You are thinking about few losses. But some companies are getting big troubles. Millions of dollars losses every day. Millions of people get unemployed because of bad days in economy. So don't panic about this and happy Christmas!
