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.

Post Author: lilian

8 thoughts on “USD sucks, MYR sucks, recession sucks

    Jeremy Hobbs

    (January 26, 2008 - 9:39 am)

    Its no fun being an American watching our economy tank. Quite scary.

    Wing Loon

    (January 26, 2008 - 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

    Moses Francis

    (January 26, 2008 - 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.

    gaman

    (January 26, 2008 - 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.

    Plaet Malaysia

    (January 27, 2008 - 12:36 am)

    hahah… alot of Pro & Cons.

    Jg

    (January 27, 2008 - 12:42 am)

    US economy is going down and taking the rest of the world with it

    Recession Proof Investing

    (July 9, 2008 - 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!

    edzrin

    (August 6, 2008 - 8:46 pm)

    USD MYR most fantastize exchanged!

    -edzrin

Comments are closed.