Comments on: Weak US Dollar Killing My Income http://www.davidcubed.com/weak-us-dollar-killing-my-income/ Where David Peralty Writes Fri, 29 Aug 2008 21:38:32 +0000 http://wordpress.org/?v=2.3 By: Claude Gelinas http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-7325 Claude Gelinas Thu, 06 Sep 2007 00:49:56 +0000 http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-7325 Actually, the Canadian dollar rising close to parity with the US dollar shouldn't be such a bad thing since, in all logic, the array of products we purchase should be that much more affordable. Well, that's in theory. The reality is that the price of everything (in Canada) stays just the same and even goes up! Rents, mortgages, car payments, domain name prices and everything else just keeps costing more, however strong our Canadian dollar gets... it's clear somebody's getting rich on us all ; ) Thanks for bringing this important matter up for discussion. Actually, the Canadian dollar rising close to parity with the US dollar shouldn’t be such a bad thing since, in all logic, the array of products we purchase should be that much more affordable.

Well, that’s in theory.

The reality is that the price of everything (in Canada) stays just the same and even goes up!

Rents, mortgages, car payments, domain name prices and everything else just keeps costing more, however strong our Canadian dollar gets… it’s clear somebody’s getting rich on us all ; )

Thanks for bringing this important matter up for discussion.

]]> By: Alex http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6472 Alex Mon, 16 Jul 2007 13:56:58 +0000 http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6472 Yup. Same here. And I'm like based very far away. But I guess, that's one risk we have for being off-base (off-shore for some). But I'm still grateful since what I get still pays the bills. In the business-side of things, dealing with multiple currencies definitely not be too profitable at all since the main source of revenue for the network is in USD. While you definitely won't want to wish bad things for your own country's economy, it definitely is apparent that you are, in reality, getting less. And being on that practical side, you can only say "Ouch!" whenever the USD plummets. Houston, we have a conumdrum. Haha. Yup. Same here. And I’m like based very far away. But I guess, that’s one risk we have for being off-base (off-shore for some). But I’m still grateful since what I get still pays the bills.

In the business-side of things, dealing with multiple currencies definitely not be too profitable at all since the main source of revenue for the network is in USD.

While you definitely won’t want to wish bad things for your own country’s economy, it definitely is apparent that you are, in reality, getting less. And being on that practical side, you can only say “Ouch!” whenever the USD plummets.

Houston, we have a conumdrum. Haha.

]]> By: Tiago http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6385 Tiago Thu, 12 Jul 2007 19:49:28 +0000 http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6385 The same thing happens to me when the USD$ is converted to €euros, for the last couple of months it has been going down and down... The same thing happens to me when the USD$ is converted to €euros, for the last couple of months it has been going down and down…

]]> By: WTL http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6362 WTL Thu, 12 Jul 2007 03:16:13 +0000 http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6362 I have a similar problem with my American clients - for now, I'm taking a wait-and-see approach. But yes, if the US dollar continues its decline, I will have to raise my rates. I have a similar problem with my American clients - for now, I’m taking a wait-and-see approach.

But yes, if the US dollar continues its decline, I will have to raise my rates.

]]> By: Michael http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6317 Michael Tue, 10 Jul 2007 00:47:19 +0000 http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6317 You've completely ignored the REAL solution... Move HERE! To the US!!! We have BBQs, Freedom Fries, and shotguns for everyone! Yippiee! Yeehaw! Bald Eagle Burgers for everyone! (they're off our endangered species list you know) You’ve completely ignored the REAL solution…

Move HERE! To the US!!!

We have BBQs, Freedom Fries, and shotguns for everyone! Yippiee! Yeehaw!

Bald Eagle Burgers for everyone! (they’re off our endangered species list you know)

]]> By: Jonathan Snook http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6312 Jonathan Snook Mon, 09 Jul 2007 19:50:33 +0000 http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6312 It's an unfortunate side effect of any cross-border commerce. In some circumstances, it's peachy but in others, a pain. Certainly as I continue working for US clients, my actual income is declining. However, I continue to accept US dollars because much of that goes into a US money account. Therefore, I can spend it within the US economy (ebay and other online sites, mostly) without incurring the cost of conversion. And money earned and spent in the same country incurs no devaluation. Only the country's rate of inflation has an impact and that is generally 2-3% per year. Have a sole employer, you're somewhat at the mercy of the currency exchange rates and I don't think switching to receive payments in Canadian dollars would be fair. It’s an unfortunate side effect of any cross-border commerce. In some circumstances, it’s peachy but in others, a pain. Certainly as I continue working for US clients, my actual income is declining. However, I continue to accept US dollars because much of that goes into a US money account. Therefore, I can spend it within the US economy (ebay and other online sites, mostly) without incurring the cost of conversion. And money earned and spent in the same country incurs no devaluation. Only the country’s rate of inflation has an impact and that is generally 2-3% per year.

Have a sole employer, you’re somewhat at the mercy of the currency exchange rates and I don’t think switching to receive payments in Canadian dollars would be fair.

]]> By: AhmedF http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6311 AhmedF Mon, 09 Jul 2007 19:16:43 +0000 http://www.davidcubed.com/weak-us-dollar-killing-my-income/#comment-6311 Yep quite the headache - from 2003 to today have lost roughly 33% of my revenue when converting from USD to CAD. Which I have to do - sucks Yep quite the headache - from 2003 to today have lost roughly 33% of my revenue when converting from USD to CAD.

Which I have to do - sucks

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