Dollar losing value

I’m agree, this is a serious problem. I’m in france and when I do a withdrawal, I lose 25% of my money each time. If I take an example with my last project, who is a 20$ item, for each sale, I get 8€ (with a 55% rate !) .Btw, that’s almost the price of a cigaret packet here

Unfortunately, I don’t think there some solutions, switch currency money, Envato will lose a lot of money, and increase price will take sales down.

If anybody as a magical solution…

I’m not a finacial expert, but as much as i guess, the dollar will go lower and lower…if not, it’s great, but as long it’s so low envato should increase the prices, because it’s very cheap anyway! I agree that it’s a good strategy to keep the prices low, but do they have to be THAT low?

quickandeasy said
Does this mean I will get less dollars for my pound?

Or, more pounds for my dollar?

If so, it’s a good thing for me, but I guess this will affect people differently around the world.

Neither of these.

You’ll get less pound for your dollar and more dollar for your pound, in other words, you either go and live in the us or you’re screwed

What you have in your USD bank account does not value a s#!t. It’s a fictional number, and the bank notes are, well… paper. It only measures it’s convertibility to oil, and it should be gold. That’s what we call the petro-dollar.

Currently it’s losing value because Iran and other major oil big tank countries sell their oil with anything else than dollar, yes USD, but preferably gold. That is why China is using USD to build roads in Africa and spend it to make friends

If the dollar collapse, all EU non-producing countries currencies will fall. Especially those who provide financial services.

Hehe, welcome to Economics

Check this out:

(source: www.oanda.com)

good chart,

since most of your buyers are from the USA I’d think (?), changing to a foreign currency we don’t use would alienate buyers and we wouldn’t buy as much, since it would look like a foreign/strange country is running this place. Seeing prices in euros or pounds would alienate most USA buyers.

graphic4444 said
good chart, since most of your buyers are from the USA I’d think (?), changing to a foreign currency we don’t use would alienate buyers and we wouldn’t buy as much, since it would look like a foreign/strange country is running this place. Seeing prices in euros or pounds would alienate most USA buyers.

+1!

You think this is bad? Look back at 2008 – 2010, where you would’ve been losing around 30 – 40% of your earnings in EUR/USD.

Don’t count on Envato to change anything with currencies. Your best bet is to diversify your income, there are more ways to make money online than just selling designware.

Envato won’t switch currencies. It would likely drive away lots of US buyers who would need to worry about them converting their funds and they’d see everything is getting more expensive. I’be been into Forex and all I could say there are bad times and good times, but it’s kind of balanced. Don’t forget that there is a lot of crises going on in the EU left and right, and when compared to EUR, if both USD and EUR is going in the same direction, the effect is less drastic. A good tip is to withdraw in USD and keep it in USD. Do not limit yourself by converting on a fixed day of the month each time. Set up a USD account and only convert on the fly when you spend (POS purchases with a card). This way you can get random conversion rates (random days of the the month), and you are not converting a larger amount of money on a probably bad day (this way you’d lose more). The US dollar remains US dollar and it may only lose value compared to other currencies. In itself, it’s just dollar.

LGLab said

quickandeasy said
Does this mean I will get less dollars for my pound?

Or, more pounds for my dollar?

If so, it’s a good thing for me, but I guess this will affect people differently around the world.

Neither of these.

You’ll get less pound for your dollar and more dollar for your pound, in other words, you either go and live in the us or you’re screwed

Damn, I got my hopes up for a moment there! haha

Thanks for the clarification though