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It's not all good, the lower dollar was an advantage when competing against U.S. suppliers.
This could see the manufacturing industry take a bit of a hit.
Yeah, well I'm gonna build my own lunar space lander! With blackjack aaaaannd Hookers! Actually, forget the space lander, and the blackjack. Ahhhh forget the whole thing!
No, it's US Dollar that's falling. Pound Sterling seems to be closer stuck to US Dollar, while Canadian Dollar seems to be closer to Euro.
Our Tolar keeps consistent rate to Euro (with inflation of course), while US Dollar has fallen even to our currency.
USD-CAD
USD-EUR
USD-GBP
USD-SIT
All 120-day charts from X-Rates.com
Some suggest that Hussein's switching of his Oil trades and reserve currency to Euro (he did it when Euro was 87 cents, now it's 112) and keeping entire OPEC from doing so (Venezuela and Iran are considering doing this) was one of reasons for US' Attack on Iraq.
yeah, rumours says that iran also wants to switch...
mfg
wulfman
"Perhaps they communicate by changing colour? Like those sea creatures .."
"Lobsters?"
"Really? I didn't know they did that."
"Oh yes, red means help!"
Imagine Kim Jong Il or Saddam in "switch to Mac" style Euro add.
We used to have like Dollars and it was like imperialism and dependance and falling reserves and profits and stuff. Now we switched and it's like better.
huh... it has'nt changed mutch here... still around 1500L.L. for $1 .... i can remeber the days when it was far less and i can remeber the year that it just shot up over the scale.. from a 2 digit number all the way up to 3,000L.L. it took a long time to get it down to 1,500... (humm now if only it would drop to 1L.L. for 1$ this isntant we lebanses could sudenly become soo ritch)
"They say that dreams are real only as long as they last. Couldn't you say the same thing about life?"
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