The US dollar seems to be gaining strength against the Euro, a situation that pleases me more than you could believe, despite living in Europe and working in Euros for my daily transactions.
I earn almost all of my income in US dollars, mostly because the dollar is still the single most important international currency, despite the crisis and recent failings in American diplomacy.
This morning I logged into Paypal to check my balance, I'd been expecting some more payments from clients, and when I get the confirmation emails I always check my balance because Paypal take their percentage, and I like to know how much money I have.
I always convert US dollars to Euros as well, Paypal is not the kind of service you use for forex, and since I buy goods, hosting, and withdraw to my bank account in Euros, it makes sense to keep the Euro balance rather than US balance.
Over the last few weeks I've notice the exchange conversion moving from US$1 -> 69 Euro cents, to todays rate of US$1 -> 75 Euro cents, a very good sign in my opinion. Paypal typically don't adjust their conversion rate unless a new price point looks settled.
Working in Europe, in US dollars, therefor means that the closer to parity the dollar and Euro get, the more money I'm making. I love it, I want the Euro to be strong, but parity would be a very nice rate to settle on.
Dollar vs Euro, could parity be around the corner?
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AmeriGlide said,
Monday, January 26. 2009 at 16:41 (Reply)
After all of the wasteful spending over the last few months here in the US, I guess I am probably kind of cynical, but I just can't imagine the dollar growing in power too much...
Geschenke Wunder said,
Wednesday, January 28. 2009 at 15:31 (Reply)
I am living in Europe as well and I am doing some advertising business with Google Adsense. They pay me in dollars. The good thing is that you can actually set the payment "on hold" in your adsense-account. This way you can look for the best dollar-rate and get your money out when its high.
Linda Plummer said,
Friday, January 30. 2009 at 21:43 (Reply)
Only thing is, I'm English living in Spain, so it's not so good if I want to bring sterling over and convert to euros - the exchange rate stinks!
hurghada said,
Saturday, February 7. 2009 at 20:08 (Reply)
Euro is crazy and can change with range about 20% up or down. bleive it or not.
But sure Euro is more Stronger just you need to take the risk.
But my point of view is that Euro is more accepted in Eurpe sure than USD and as most of our Traffice from there so we prefer to deal with euro.
We hope it can come back high again and stop this down status soon.
chris said,
Monday, February 9. 2009 at 19:20 (Reply)