Am I the only one who is feeling the impact of the US$ losing its value against every other currency out there? I am going through the financials of my mid-December trip to Dakar, and I am realising that simply by the conversion rate of the US$ against the cfa, my budget has been increased by 20%. That's a lot...
Bassi and Zainab
Nov 21 2007, 08:25 PM
It sucks!
But I feel hot about it. The cedi was redenominated at the same time that the value of the US dollar was dropping. So I FEEL (important word used cause I know it's not reality) like I've lost even more ground with my spending power in Accra. I miss carrying around a plastic bag full of money.
Zee Bee
Nov 21 2007, 08:42 PM
I love the new cedis, makes money management so much easier and the conversions are easier now.
And yes, the conversion rate sucks!!! A few weeks ago I had some Saudi money that I wanted to exchange because they are changing the bills. What used to go for $100 some time ago I only got $72
Mr. Big Dog
Nov 21 2007, 09:10 PM
Guess I got somewhat lucky, then. The Dollar got a better exchange against the Ethiopian Birr this time around than it did 4 years ago. It was in the range of ETB 8.65 per 1 USD then and it was ETB 9.30 and better for 1 USD when I went a couple of weeks ago. On the downside, prices have risen some in Ethiopia as well. In the end, it probably came out about flat.
jasman0717
Nov 21 2007, 09:33 PM
My retirement home in the Philppines is becoming more expensive to buy every day
Haole
Nov 21 2007, 09:39 PM
Sucks as we help support out family in the Philippines!
Mr. Big Dog
Nov 21 2007, 09:39 PM
QUOTE(jasman0717 @ Nov 21 2007, 09:33 PM)
My retirement home in the Philppines is becoming more expensive to buy every day
Hold out a couple of years. The tide will turn.
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