I have a business that caters to US companies. And they pay me in USDollars, annoying thing is, my currency will soon be more valuable than US dollars. What is US Government doing to stop the devaluation of its currency? Do you think it will get fixed soon? or not?
2007-12-14 01:00:10 · 4 answers · asked by kid_gelo 2 in Business & Finance ➔ Other - Business & Finance
All currencies will steadily devalue as inflation is inevitable in all economies. The question is how will the US dollar compare to other currencies in future. our inflation rate must decrease while yours increases. That's the fastest way for the dollar to "catch up". It's really hard to predict the growth of any economy. Especially one as complicated as the US. All I can suggest is to just list your prices in local units euros pesos etc and let the buyer work out the exchange rate. That way you won't get short changed.
2007-12-14 01:14:17 · answer #1 · answered by Ricky J. 6 · 0⤊ 1⤋
its hard to say. Many economies like to keep their currencies at a certain rate with the dollar, Countries and corporations like stability. To tell you the Truth the US government is pretty much paid for by foreign countries like Japan, China the UK and even Canada, Saudi Arabia also
2007-12-14 09:04:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I wouldn't bet on the dollar going higher anytime soon, rather the opposite. There is fear of a recession and interest rates might be cut again.
2007-12-14 09:04:40 · answer #3 · answered by Rikounet 4 · 0⤊ 0⤋
Probably going lower, but I don't see it going much lower than where it is.....
If its annoying for you... think how annoying it is for the other guy,, where your product is costing more and more...
Even,if the dollar rises, but your currency rises faster.. You are still going to lose ground...
2007-12-14 09:05:06 · answer #4 · answered by Nathan 2 · 0⤊ 0⤋