I’m disappointed with how banks’ crises and economy affect the dollar rate these past few days. Even now, the value of the dollar is still high. I’ve been checking about it in the newspaper, wishing it’ll get lower than 7sek but it’s not showing any good sign at all. It used to be around 6 point something and it was a good value for me. The lower the rate, the lower the value in Swedish Kronor. Everything we purchase outside Sweden is paid in dollars, like this domain and our other domains and when I pay the internet bills of my beloved ones in Davao through the internet, I get billed in dollars.
But the good thing on top of this is that our bank is not affected by this economic plunge so we don’t have to worry about moving to another bank or just keeping our money under the bed. And mind you, we don’t have that much so don’t ever think crime by robbing us, lol! But I really wish for the dollar rate to get down a little bit especially now that the holiday season is coming near. If not, then I’d wish money would fall as snow instead, hahaa! Keep on wishing…
I’m going to wait for more days, perhaps until the end of this month to see some changes. Oh, I should have engaged myself in buying and selling of dollars, then, maybe I should have sold it high and earned some bucks. I know some who are doing this but I don’t know exactly the benefit of it. Buy and sell, sell and buy, until all a bye bye, lol! I’m not a business-minded person so I should not talk about this. What I’m concerned about is to spend, may it be in dollars or pesos or kronor.
I remember my grandmother had a sari-sari (variety of stuffs) store that sometimes she would asked me or my sisters to watch for. But everytime she asked me, I would wish nobody would come to buy cos I couldn’t remember the prices. It was a store so it would normally had customers and if I was the seller of the day and somebody would want to buy something, I’d shout “how much is this…?” Then my sisters or grandmother somewhere would shout back the price for me. It was always like that so I thought I’d never be a sales agent. Now this buy and sell dollar thing is out of the question, I suppose. I’d rather watch with how it fluctuates everyday. 🙂
Hi there. I came across a good site about this, perhaps u’d like to check it out -http://malaysiapersonalfinance.blogspot.com/
Hello OOT, thanks for referring the site. Got to check it out later. And thanks for dropping by, too.
yes My, the economy has been really horribly now. like you said, investing and selling USD might make us rich! 🙂
Farah, I never thought of buying and selling usd until my student told me so. It something I should think about though, hehee.
Nick Phillips says
Well, our Ringgit is so much lower to the USD at the moment but I’m glad in a way cos I get paid in USD for my assignments and that amounts to quite a bit … hehehe …
Nick, if only i could get more assignments as you do. But my school assignments are much of a burden now than those paid ones, lol!
If you’d wish money would fall as snow, I would wish money would fall like rain, haha!
Amor, we are wishing the impossible, that even the stars couldn’t make it possible, lol!
Shanker Bakshi says
In my country dollar is raising high to local currency Rupees. This is the right time to order liquidation of all my paypal money to flow in my bank account in rupees.
Shanker, you have done the right thing on your paypal money. It’s good to wait a while for the dollar to raise before withdrawing. I never thought of this before.
I’ve just seen on TV (about a minute ago) that the fluctuating dollar rate even affected employment of many OFWs in UK. Daming nawalan ng trabaho fren. It’s a world financial crisis on the loose. Lahat yata tayo eh affected lalo na dito sa tin sa Pinas.
Yan nga din ang nangyayari dito. A couple of days after the world crisis, Volvo has retrenched about 3000 workers in a span of two days. Ngayon tataas na rin ang rate ng unemployment. Grabe na talaga ito.
Tell me about it! the dollar here in the US is losing it’s value with all these high gas rate and sky-rocketing market prices. Not to say the economy being down and failing. They say w/in 18 months the recession will then finally hit us. We’re just bracing ourselves. Not sure if I should go ahead and withdraw our meager money in the bank so we at least have some money in hand when it does happen! yikes! Oh btw, the HT necklace is still reserved for you. No worries, it will stay there till you’re ready 🙂 hay- lipat na lang ako Japan at mag-japayuki! har har har! Lol!
This is how 2008 is treating us badly. But hopefully it will get better before the year ends.
Oh, thank you. Soon it will be mine, hehee!
Maricris, kung marunong nga lang akong sumayaw ay lilipat na rin akong Japan, hahaha!
Everything is losing its value… what is gonna happen to our world?
Rozie, that’s the question that maybe only the future can answer.