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Old 09-30-2003, 05:59 PM  
Seb From Holland
Confirmed User
 
Join Date: May 2002
Location: The Netherlands
Posts: 2,747
Quote:
Originally posted by uranidiot




Try thinking before you post.

1 Euro > 1 US Dollar

As the Dollar weakens, all those outside the US and are trading in Dollars lose money.

Try again.
Importing goods from America will be cheaper for Europeans if the Euro > Dollar.

Suppose I bought 100 chairs in America for $100 each. I'd pay a total of $10,000. At the current exchange rate that would be a total of ?8,626. Suppose the dollar weakens even more and the rate will be ?1=$1.20. I'd pay a total of ?8,333 instead of my original ?8,626 for my chairs. Now how could this be bad for me eh?

Last edited by Seb From Holland; 09-30-2003 at 06:05 PM..
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