US DOLLAR = 2.47 on 2 Oct 2008?

Can anyone explain this? According to xe.com the value of the dollar is climbing in Poland and today has achieved 2.474zł. A month ago it was at our near the $1=2zł mark. What with the econ crunch in the US -- bank failures, motor industry cutbacks, etc. -- the dollar's value should be declining, but not in Poland.

Dollar is up against most currencies. Just on the rumour that the Fed are going to hike interest rates again. You get more return (assuming the institution(s) are still in business)

I have been checking the £ : zł exchange rate recently, and whereas many were saying that by Christmas it might be £1 : 3zł, earlier today the exchange rate was £1 : 4.48zł.

Which way do most of you think the exchange rate will go in the next few months ?

Hooray for me!

lol... hope it will be soon as earlier... I mean 1$ = 2zl... or even less ;]

the dollar will get stronger

this is a tragedy, I came here after being told that I'd be a king with my mighty dollar, but I came just as the exchange rates were super low, so I missed out on all that. But then I figured, oh well, I'll make some good złoty while I'm here and barely lose anything on my return to New York I'm leaving next spring/summer, and look at what's starting to happen, it better change - and it better be the Great Depression when I get back there Gahdammyt!

That's not logical!

In the long run the Dollar will loose strength and influence fitting to the economy...as it should be. Everything else is communist and not free market!

how's that? of course it will get stronger.. maybe not for a bit and it may even sink some for now but eventually oit will rebound, no problem.

life experience suggests that with constant currency fluctuations its always best to invest in dope

as the fabulous furry freak brothers will testify, dope will get you better through times of no money than money will get you through times of no dope

Screw that. The stronger it gets the better I live.

Too late for me - it was 2:1 while I was there in July. But we had a wonderful time anyway, so no regrets.

Well...that depends on the US economy!
Or do you think the Dollar works in a vacuum?

it kind of work sin the vacuum man. since the gold standard was removed it's just paper, regardless. right now, and for the last few years the treasury has been printing bills like they were going out of style which actually hurts the buck via inflation. Oil traders switching to Euro sure didn't help either. But, america is america and it will perservere.

actually, it's not even paper anymore. Over 90% of money in the US are just computer bits and bytes.


Inflation is built into the American banking/treasury system. If the current system is maintained than inflation will NOT go away. In fact inflation in the US is fought by creating more inflation. Paradoxical but true.

Well...that is now in doubt!

tru


you can doubt all you want but you'll be wrong again as you guys were in '44-'45. :D :D :D

If it makes you feel better....*yawns*
But don't try to forget SE Asia 1975...you know... you guys sitting on the roof of the embassy in the end...waiting desperately for the last helicopter!

First BBoy wasn't even on a drawing board then.

Second, in 44-45 and the years following that American economy flourished. Are you saying we're in for WW3?

In this world there are no certainties.
Of that I am certain.

Yeah...just having won a war with every othe possible rival scraping the bottom they flourished! But the world isn't the same as '45 anymore...

true.

Loco's optimism can be only compared to "Poland the Messiah of the Nation's" or the German "One Thousand Years Reich"

McCain is shining through! :)

("America is the best nation on Earth...America is the biggest force of good in the world...America has the best workers in the world...America has the best whatever in the world....yaddayaddayadda...I'm just waiting for: America über alles!)

Yup, they are so good it's becoming scary. In fact American employers became so scared of that "goodness" that they keep sending American jobs to China.

Spot on!
...well beside this soccer comment! :)

oh z, the only reason jobs are going out of USA is because of the bottom line. statistically american workers still outproduce all others. and as much as it's hard to believe, america does have the best workers in the world.

Big Z, using a US Jewish comedian to make a point?

I really doubt that!
The workers in Germany have more rights, more and longer holidays etc. but Germany is worlds biggest exporting nation in what...fourth time in a row, leaving the much bigger US behind! (What points to a higher efficiency of the workforce...meanining they get more done in shorter time!)

hehe.....
I work hard.....I just got home from work! :)

Jaaaaa....and I don't blame you for the dreadful trade deficit of the US either! :)