The Aussie $$$ broke through the $0.70 mark, as to the US$. Come on you weak US$$$, pick up some steam for crying out loud!!! :rolleyes: :bawling:

Trust me, I wish it would hurry up too ;)

I know.. I heard this last night, so devastating. Just when I have a nice cheque coming from the US as well :bawling:

-Shaun

They say it'll peak around the $0.77 mark too. :eek2:

Personally we're loving it. Our clients pay in AUS$ and we pay for our servers in US$.

Keep going Aussie $

I feel your pain, Bob. Not that long ago, our Canadian dollar was down around $0.63 US. It's now hovering around $0.76. :bawling:

Vito

what do you care it makes everything cheaper for you.

And they told us we were crazy for billing in Canadian, hopefully our US customers won't mind the new exchange rate, the Canadian dollar is doing the same as the Aussie.:unhappy:

Originally posted by pixel_fenix
what do you care it makes everything cheaper for you.
It doesn't affect paying for the server bill really as it's in USD and I do nicely out of it as HN sends me my cash to Japan. But for any cash that has to stay in Australia, it hurts - big time. Everything costs us 20% more than it did last xmas. The size of our weekly payout by Paysystems would be soooo sweet if the dollar was at $0.50 as it should be.

Originally posted by pixel_fenix
what do you care it makes everything cheaper for you.

Cause we bill in Canadian Dollars and now our service is more expensive for our established and prospective customers (even though our revenue hasnt changed)

Hehe.. Aussie $$$ was around $0.55 to USA Jan this year. Now just went over $0.70. That is actually quite bad, thats about 25-30% squeeze on your profit margin. Lucky my company's growth was much faster than the squeeze.

mmm! I withdrew 1k or so from my paypal account and got bugger all 'extra' :( Hope something crashes soon.

Sucks for me, too. I bill in US dollars :(

Originally posted by DynamicHost
And they told us we were crazy for billing in Canadian, hopefully our US customers won't mind the new exchange rate, the Canadian dollar is doing the same as the Aussie.:unhappy:
I hear ya. Us crazy Canucks, eh? :D

Too bad I don't have some extra cash laying around. Warren Buffet has been buying foriegn currency like the Canadian and Aussie dollar. I read that he thinks it will get worse because the feds (US) are making too much money.

Originally posted by VanHost
I hear ya. Us crazy Canucks, eh? :D
I'm impressed you even got the 'eh in there 'eh:D

Matt

We offer our customers payment in Aussie dollars, which used to be a real bonus for the customers because of the companies exchange rate. Now the strong dollar and the fact we have to pay GST in Australia, has made it almost as cheap as the US plans. Oh well...

Originally posted by UmBillyCord
Too bad I don't have some extra cash laying around. Warren Buffet has been buying foriegn currency like the Canadian and Aussie dollar. I read that he thinks it will get worse because the feds (US) are making too much money.
Yeah, I'd go along with that. It's going to be a looooooong road to US recovery. Making matters worse is the Aussie economy is motoring along quite nicely. :eek:

Bah. Time for another chocolate biscuit and cup of tea. :)

Originally posted by DynamicHost
I'm impressed you even got the 'eh in there 'eh:D

Matt
Ah I see you speak the native tongue :cool:

Originally posted by UmBillyCord
Too bad I don't have some extra cash laying around. Warren Buffet has been buying foriegn currency like the Canadian and Aussie dollar. I read that he thinks it will get worse because the feds (US) are making too much money. Warren is no dummy.

The U.S. Dollar is definitely overvalued. We've got the biggest federal deficit ever, the ecomomy is barely chugging along, and no one can buy our products 'cause the USD is too high. Bottom line is, the USD is gonna continue to drop. We're a debtor nation with increasingly bad credit.

The fundamentals just aren't there to support the USD, so you'd better get used to the idea of Canadian and Australian Dollars continuing to adjust themselves.

I remember in the 1980s the Canadian dollar fluctuated between .80 and .85 normally. I don't know what the Australian Dollar was at that time, but from what I understand they've always been pretty close. Frankly, I'd say things are just going back to normal.

Bob just be happy you dont charge $2.95 for any of your plans :)

Yep it blows for sure.

Oh well good time to take a trip to the US at least the AUD is worth something there for a change.

Lets just hope they do not raise rates here in OZ as they keep saying, that is going to drive it higher.

I hear the RBA is likely to up interest rates in AUS at the end of the year...
But predictions of $0.77US mean a real loss for companies in AUS trading overseas.....


On the bright side... now is the time to buy overseas if you're form AUS....which I am BTW...

Originally posted by blb
On the bright side... now is the time to buy overseas if you're form AUS....which I am BTW...

Heh - yeah, I'm going to buy a watch I've been wanting for a while I think. Works out pretty cheap :D

Originally posted by Rowland
I remember in the 1980s the Canadian dollar fluctuated between .80 and .85 normally. I don't know what the Australian Dollar was at that time, but from what I understand they've always been pretty close.

In the very early 80's the AU$ was equal to the US$ and for a time was actually stronger. I don't think it'll ever get that high again, but it's steaming along right now. I remember last year I was at LAX and had one of those money changers gouge me for 51c per dollar *ouch*. To add insult to injury my plan was delayed so I grabbed a 'Value Meal' at the Burger King in the domestic airport. Cost: $6.75 (USD). So after exchange from my 'pacific pesos' the actual costs was a little over $13.00(AU) for a burger, fries and a coke.

I think it'd be a lot worse if we were scrounging the bottom of the barrel for customers. Profits are still very good, but they could be better. :D

Another Canadian who's glad he made the decision to charge in CND :D

Originally posted by Reality Hosting
Another Canadian who's glad he made the decision to charge in CND :D
Eh-men to that :D

Best bet is to get a US$ bank account. Your local Aussie banks should be able to arrange it. Use this as savings account for when the exchange rate is better.

We are in the same boat here in Europe. The rate is somewhere around $1.18. I remember when there was shock in the financial world when the euro and dollar were even.

We all just have to deal with this. In 10+ years the USD$ will be back on top again, its just a vicious cycle :D

Most likely there will be a rally in strength for the US$ after the presidential elections in 2004. The economy is usually put on the long finger during the run up and confidence will reappear in the financial markets once it is over – regardless of who wins.

We all just have to deal with this. In 10+ years the USD$ will be back on top again, its just a vicious cycle

Some believe you may want to put your dollar into the Chinese Yuan. The Yuan is supposed to be extremely undervalued.

We're feeling the pinch here in Canada.

We've lost 15% of our revenue, we bill in USD and are located in Canada. It hurts!!:(

I'm loving the USD right now, for every £1 we get around $1.69, which is brilliant for buying our networking equipment - especially as something that sells in USA for $2000 generally sells for £2000 in UK, so we'd get it for roughly £1390 when we've added UK VAT on it - It's brilliant :)

Originally posted by KDAWebServices
I'm loving the USD right now, for every £1 we get around $1.69, which is brilliant for buying our networking equipment - especially as something that sells in USA for $2000 generally sells for £2000 in UK, so we'd get it for roughly £1390 when we've added UK VAT on it - It's brilliant :)

Stop boasting. Your weather sucks. :D

Most likely there will be a rally in strength for the US$ after the presidential elections in 2004. The economy is usually put on the long finger during the run up and confidence will reappear in the financial markets once it is over – regardless of who wins.


Regardless of who wins? :eek:

It would only worsen if Bush was re-elected and the GOP won the house another four years.

Originally posted by Q_Max
Regardless of who wins? :eek:

It would only worsen if Bush was re-elected and the GOP won the house another four years.

Agreed. In the longer term if Bush were to win things would continue to go downhill ;) However, in the short term just after the election the dollar will rally in my opinion.

I don't mind the economy will straighten out given time.

Shows you how important the USD Dollar is to the rest of the world.....

Originally posted by NexDog
It doesn't affect paying for the server bill really as it's in USD and I do nicely out of it as HN sends me my cash to Japan. But for any cash that has to stay in Australia, it hurts - big time. Everything costs us 20% more than it did last xmas. The size of our weekly payout by Paysystems would be soooo sweet if the dollar was at $0.50 as it should be.

As it SHOULD be? Are you kidding ? The AUD has historically always been above 0.7 USD and most economists will tell you it was just undervalued for a long time - the REALISTIC value is 0.75 USD so don't expect it to go back to 0.5 any time soon (hopefully ever) again.

Not interested in history, my good man. Just interested in those greenbacks earning me top dollar. ;)

I'm loving the conversion my httpme plan is now costing me maybe 2-3 less a month *wow* (maybe if i buy more plans off bob the saving would be significant lol)

But yeah, ouch on the conversion back.

Remember i'm one client who will always be happy to pay in AUD hehe :)

i think it's a good thing, now everfything's WAY cheaper to buy online

Originally posted by Adrian
Most likely there will be a rally in strength for the US$ after the presidential elections in 2004. The economy is usually put on the long finger during the run up and confidence will reappear in the financial markets once it is over – regardless of who wins.

I thought you people had done away with electing the president? :eek:

Bob this thread strikes a nerve. I agree.

The weak US dollar compared to the CDN dollar is not doing Idologic any favours, but the situation gets worse.

I trade stock only on US Markets. I'm considering trading on the Toronto Stock Xchange - if you can believe that!

What gives? The world must be upside down.

Cheers
Jeff

i love see the aussie dollar rising in value compared to the us dollar...i'm based in australia and i buy heaps of things in the usa. :D

i hope the aussie dollar keeps on going up we pay in us dollars for our servers and this will make it cheaper we hope it keeps on going higher its bad for exporters though