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a little question about dollar


rafik 18 | 589  
23 Dec 2006 /  #1
hi .i have a certain amount of dollars.2 years ago this currency was quite strong and its exchange rate was over 4zlotych.after we joined the ue the dollar crashed down to about 2.9zl.do you think that it is normal situation or dollar underpriced?

another question is if you guys there,in the usa ,can buy less goods for the same amount than 2 years ago?
i am sorry forr this silly questions but my knowlege about the economics is not very good:)
Amathyst 19 | 2,702  
23 Dec 2006 /  #2
Its not a silly question at all, the dollar is good for the English travelling there or Europeans travelling there since we get so much for our Money but on the flip side its not so good for the Americans travelling to Europe...I would say it would be logical to assume that since you are getting less currency in exchange for your Dollar it would be safe to say that you would be able to buy less goods, unless you buy more currency thus spending more so not getting the same value as you might have had the year previous. Hope that makes sense...
FISZ 24 | 2,116  
23 Dec 2006 /  #3
Well, the dollar has gained more value and is rising. Last week it was 2.80 now it's back up to 2.91 still not as good as last time I was there in jul-aug when it was 3.18
OP rafik 18 | 589  
23 Dec 2006 /  #4
FISZ

Amathyst

thanx for your comments good people:)
i bought dollars when the exchange rate was 3.9zl:) and now tryin' to figure out what to do to get out of this.i spoke to a few people about the future but noone gave me a clear answer.i wonder if i could buy some goods in the usa and sell them in poland without paying a tax but what would that be?

i don't need to use this money now but would have to in the future.just wonder if dollar will stay on this level or rise in the near future. i know that there were a few times when dollar went down but later it gained it's original value.
FISZ 24 | 2,116  
23 Dec 2006 /  #5
It'll probably fluxuate all year. You can look in yahoo currency exchange and get an idea of when. Hope it helps.
OP rafik 18 | 589  
23 Dec 2006 /  #6
thanx fisz.
have you noticed anything unusual since the dollar crashed down 2 years ago?
i mean rising prices of goods in the usa?what about wages?have they changed drastically?

I would say it would be logical to assume that since you are getting less currency in exchange for your Dollar it would be safe to say that you would be able to buy less goods, unless you buy more currency thus spending more so not getting the same value as you might have had the year previous. Hope that makes sense...

thinking straight.if the dollar has lost it's real value than the prices in the usa would have gone up because the import of goods would be less profitable.if nothing's changed with the prices it should mean that the loss in the dollar,s value is artificial(probably to help the government pay off their debts) and is short term only.
FISZ 24 | 2,116  
23 Dec 2006 /  #7
just gas prices, smokes, organic food...not too sure what else. Wages in big corporate haven't gone up or down....from what i've noticed.
Amathyst 19 | 2,702  
23 Dec 2006 /  #8
rafik, I suppose it would depend on howmany dollars you have...I would just check daily and sell at the best time, import tax is unavoidable as far as I am aware (i order face creams from the US, since its cheaper but I pay an import tax, I pay $24 dollars for a cream I would have to pay £65 )only sold at specialist places or from my beauty therapist) for so for me I buy in bulk and only pay one import tax...so if you are thinking of buying goods try to buy from one place and order in bult thus not suffering too much loss due to import tax..
OP rafik 18 | 589  
23 Dec 2006 /  #9
I pay $24 dollars for a cream I would have to pay £65 )only sold at specialist

cosmetics could be good a investment.
could you tell me what cosmetics do you buy(only if it's not to personal question:) )

I pay $24 dollars for a cream I would have to pay £65

is it after paying tax?
Amathyst 19 | 2,702  
23 Dec 2006 /  #10
No, the tax is about 4 / 5 dollars on top so it still works out pretty good for me.

could you tell me what cosmetics do you buy(only if it's not to personal question

I buy Neostrata, which is hard to get over here and pricey....but they have so many different onces its hard to just bulk buy if you dont know what you need...

but cosmetics is a big business and yes it could be good if you get the right product at the right price.
OP rafik 18 | 589  
23 Dec 2006 /  #11
I buy Neostrata, which is hard to get over here and pricey....but they have so many different onces its hard to just bulk buy if you dont know what you need...

but cosmetics is a big business and yes it could be good if you get the right product at the right price.

thatx for that A.i appreciate it.
hello 22 | 891  
26 Dec 2006 /  #12
Americans haven't really noticed the decrease of the US dollar in their homeland. The prices are basically the same. They notice that when they try to go on vacation abroad, but that's nothing crucial for them.

I think the US dollar is too low (or the Polish Zloty is too high). The US is now enjoying high export so in the long term other countries (including Poland) will have to decrease the value of their currencies to be able to sell their products. It should happen pretty soon - within 1-2 years.
Zgubiony 15 | 1,554  
26 Dec 2006 /  #13
Well, the dollar has gained more value and is rising. Last week it was 2.80 now it's back up to 2.91 still not as good as last time I was there in jul-aug when it was 3.18

Up to 2.92 now
OP rafik 18 | 589  
26 Dec 2006 /  #14
thanx "lost":) i have to wait a bit longer till it goes back up to at least 3.9 otherwise i would lose a lot of money:)
lef 11 | 478  
26 Dec 2006 /  #15
Sorry rafik. I think the polish government would like to see the zlote as close to the us dollar as possible, and If I was a betting man I would predict it to be around 2.50zl by mid year.

In one way this may be good as a lot of polish products are undervalued, not so good for tourist going to poland who thought everything was cheap.

you won't also get that cheap UK element there, the ones that disgrace themselves at bars etc
OP rafik 18 | 589  
26 Dec 2006 /  #16
but how long you can keep your currency overvalued?the example of argentina showed that keeping your currency at the rate of 1:1to dollar isn't very good for a country:(
lef 11 | 478  
26 Dec 2006 /  #17
the example of argentina showed

lets not compare argentina to poland...anyway most polish people on this forum living in poland tell us that poland is a economically rising country, then why shouldn't it have a strong currency, who knowns
Eurola 4 | 1,909  
26 Dec 2006 /  #18
I talked to my family in Poland a lot during X-mas. (Jeez, my next phone bill).
The polish zloty is very strong. Nobody wants dollars, but Euros and British pounds. Since so many people went to UK and other countries looking for jobs, the job market improved in Poland. My niece just got a great job at The Institute of Technology in Warsaw. She never wanted to leave to UK and work with a mop... I wish many more young, educated people stay in Poland.
hello 22 | 891  
26 Dec 2006 /  #19
Nobody wants dollars, but Euros and British pounds.

OK, but guess what Poles from the UK who are going to come back to Poland in summer for vacations exchange in banks? -- Euros and Pounds. Thus, the market will decrease their values against PLN and USD.

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