I've stumbled across some interesting information. I've been narrowing down my hosting options for weeks now, and I only recently realized that my prime choice, Downtownhost, was based in Argentina. All the other companies on my radar are based in the US. See:
Is it wise to use a foreign host? I've read nothing but glowing reviews about DHT on this forum, but I'm not sure how many people know about this. Does it even matter in this modern global market where currency is easily converted between nations? I even did some research into their currency: en.wikipedia.org/wiki/Argentine_peso
If most of their costs are in the currency that they sell in, the added risk isn't that high.
That's correct, at least to some degree. We are Canadian, but accept only USD, and all of our expenses are USD. The main thing that gets affected is our net profit, $1000 can be $1100 or $1500 for us depending on the exchange rate.