Earning dem Dollars? Might wanna keep em!
When converted into pounds, I almost feel like moving over to the States... Right now, it's sitting on £0.60 per dollar. Previously, it went as low as £0.57.
This has been a trend. If I remember rightly, back in 2007 or something, the dollar was very close to the pound..
Now though, I see the dollar improving month-on-month. I work full-time in a top 200 fast-track oil/gas company as the marketing manager. I like to stay up-to-date on the oil & gas industry as a whole.
The US is producing far more oil than it previously did, thus reducing their costs on imports. I've also just read a great article on the dollar increasing in value dramatically by mid-2015.
I would not expect the dollar to lose value at all at this point. And so, for those who get paid in Dollars, it may be a damn wise investment to keep them as Dollars until mid 2015. From now until then, I'll probably pick up around $30,000 from Amazon Affiliates. A mere £0.10 raise on the dollar with that could bring me an extra £3,000 just for holding back.
Food for thought. Any comments?
Just got back from a #BrightonSEO. I was given room 404 in the hotel I stayed at. Couldnât find it anywhere!