Earning Money Online & The American Dollar Dropping

I’m a Canuck (Canadian) who’s spent her entire online life sucking up the high dollar exchange when making spends. Most everything online is based on the U.S. dollar, at least where I shop. Now that I’m finally bringing in bigger amounts of American money, and more than I’m spending–the loonie is running hard:

Loonie closes above 90 cents US

The Canadian dollar closed above the 90-cent US mark on Tuesday for the first time in 28 years.

Figures. I remember buying money orders for eBay stuff at 60 odd cents American/$1 Canadian. Last week I cashed out a big chunk of American money because I could see I was losing ground by holding onto it.

Well it looks like it’s going to be neck and neck soon:

Analysts are saying there appears to be little stopping further appreciation of the loonie. Some are forecasting that the Canadian and U.S. dollars could be worth the same by the end of 2007.

For the past year or two, I’ve been noticing a lot more webhosts and even more product sellers listing price amounts in the British Pound £.

I wonder if the U.S. dollar will hold as the predominant net currency in the next couple of years? Especially as the number of international users grow online.

It’s great if you’re buying something, but not so great when you’re selling or earning in U.S. money.

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I've been trying to find my way online for more years than I care to admit.

2 thoughts to “Earning Money Online & The American Dollar Dropping”

  1. I too am Canadian and this is a bit of a shocker for me… I wonder if Google had a heads up when they goofed up the exchange rates pulling the Canadian dollar out ahead of the US dollar…. LOL…J/K. 🙂

  2. I had the same thing happen to me a few years ago with the US$ vs AU$ exchange rate. For a while there I was earning US dollars that were worth nearly 2 Aussie dollars each, then the Aussie started gaining against the Greenback until it got up to US$0.80, and has now settled at around $0.70 – 0.75.

    As for the US$ remaining the dominant currency on the net, I’d say that’s bound to change. But probably not in terms of websites written in English. As e-commerce continues to grow in Europe, the Euro will increase its presence. And clearly the Chinese Yuan is going to be huge, but the English-based web won’t take much notice.

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