Quote:
Originally Posted by Michael O
OK
I read his posts as it sucks for Euros that their income is in US$ and their costs in US$.
Thats true but the ? dropping is a good thing then. Since US$ is the currency of the business.
On the other hand it does suck for Euros that set costs are in ? and the US$ is fluctuating.
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When we started up here the $ = 40 Czech krowns. OK it was high and normal was 33.
It dropped last year to $1 = 14 Czech krowns and no matter what the Government did it was always a bad rate.
Now it's $1 = 24 Czech krowns and we think it's great.
All you can do is cut your coat according to your cloth.