26Jan USD sucks, MYR sucks, recession sucks
When I started earning Google Adsense, the exchange rate between US dolllar and Malaysian Ringgit was :
USD1 = MYR 3.8
So, when I get USD100 Adsense cheque, I am earning RM380.
I easily touch four digit, i.e. RM1,000 if I can make USD265.
Now?
I get only about RM3.19 for every USD. I still haven’t cash the last payment from Adsense from Western Union. Another one is due any day now. It is not because of the exchange rate but we were too busy to get to the bank. And the rate is dropping and dropping.
The last cash out I got from PayPal through Al Rajhi bank was only 3.19.
Gee…I miss the time when the rate was pegged at 3.80.
I was chatting with hubby (who is an accountant by profession) and he mentioned to me about the US economy and how their taxpayers are given a tax break (or is it being paid back?) so that they will spend more money to boost their country’s economy. Well, I do not know how to put these into sentences as I have no brains for economy, mathematics and stuffs like that.
So, let me paste this little piece from Bloomberg :
U.S. Economic Stimulus Won’t Prevent Recession, Lehman Says
By Patricia Kuo
Jan. 25 (Bloomberg) — The $150 billion economic stimulus plan sought by the Bush administration isn’t enough to spare the U.S. from a possible recession, according to analysts at Lehman Brothers Holdings Inc.
I hope this will means people has more money to spend, need to buy more and we have more paid posts and advertisements to earn from. And not otherwise.
Blek, just ignore my ramblings. All I want to say is “It is no fun when the exchange rate keeps dropping.” This sucks.
Welcome to Make$ Money$ blog where you can learn how to make money from blogging. Please subscribe to my RSS feed so that you don't miss out any useful tips. Thanks for visiting and hope you learn something useful!
Related posts brought to you by Yet Another Related Posts Plugin.



January 26th, 2008 at 9:39 am
Its no fun being an American watching our economy tank. Quite scary.
January 26th, 2008 at 10:43 am
Earning USD now is slightly low compare to previous days. But, if we are paying for shared hosting and VPS in USD, its very attractive, :D
January 26th, 2008 at 12:45 pm
Yeah, it’s getting worst, i think it’s a matter of time before some bloggers/affilate marketers/etc use Euro instead of USD.
January 26th, 2008 at 6:57 pm
If you are talking about Malaysia’s recession I thought it worked to our advantage since RM is weaker against the USD? How I miss the 1USD = RM3.8 hehe.
January 27th, 2008 at 12:36 am
hahah… alot of Pro & Cons.
January 27th, 2008 at 12:42 am
US economy is going down and taking the rest of the world with it
July 9th, 2008 at 8:47 pm
Any downward movements such as that of he USD do not have to hurt. If you envisage further pain (which I do for the USD) then there are always ways to take advantage of it.
Invest in COmmodities. Invest in Oil. Bet against the USD. Where there is movement there is an opportunity too!
August 6th, 2008 at 8:46 pm
USD MYR most fantastize exchanged!
-edzrin