For most people current exchange rates mean nothing at all, for me, the current rates are a nightmare.
Problem being this so called crisis in the world with money, which as a result, has led to massive drop in the USD –> GBP exchange rates.
Now, not so long ago, about 2 months ago, we was looking at approx 1.9 USD to 1GBP, This meant that if for £100 I would get something worth $190 (approx).
over the last 2 months, these exchange rates have dropped severely. were now looking at 1.4 USD to 1 GBP meaning for the same £100 you only get something worth $140.
This effects me in a big way, as all my servers are based in Dallas, Texas. I have to pay them in Dollars.
Lets just say its costing me around an extra £1000 a month, because of the exchange rates!
I don’t understand what causes the decline, personally, money is money and is always worth the same to me.
Surly if the pound got strong, or become more valuable, then when we do our local shop in ASDA, shouldn’t we be paying less for our shopping?
Exchange rates and currency are nothing more than frustrating.