For those of you who said I shouldn't worry myself with the entire economy going down the crapper don't know how much the exchange rate depends on stock trading and how badly its effecting me. It's currently 100 yen to 1, which is 1:1 ratio. This makes me very uncomfortable and worried and I pray for a speedy recovery.
Wednesday, October 8, 2008
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4 comments:
Is there anything I can do? Is euro/yen excahnage rate better? *has euros*
Mail me if I can help.
All things being equal, it's not terrible. It fluctuates up and down regularly, and it never gets far away from where the dollar is anyway. Most Asian countries (and world, to be honest) peg their currency to the dollar. This isn't far from where it was in 2005, and about this time in 2007 is the highest it's been in about a decade anyway.
Don't panic. The Japanese will keep the Yen in a ratio to the dollar, just because they couldn't keep up their trade with the US if there was too much difference.
Take a look at this graph, as it should give you a better indication as to why this exchange rate flux isn't as dire as it seems at the moment.
http://finance.yahoo.com/currency/convert?from=USD&to=JPY&amt=1&t=5y
It's only been as high as it has because of the original weakening of the dollar due to September 11th, 2001 and the re-election of Bush in 2004. The flux has only been about 10 cents since you've been there, which is notably less than how it fell between January and March of this year.
Like I say, the Yen is pretty much pegged to the dollar. They're going to devalue their own currency before they'd let it get too far out of hand.
gas is 269.9 a gallon!!! they had to spark the economy somehow. It's still going down!!
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