Author Topic: Falling dollar - becoming a real problem (Read 12366 times)

niserin · « **on:** June 30, 2008, 07:47 »

Today it has fallen down of 0.81%.
My God.... imagine how much must have Yuri or another big player lost in last 2 years...

Does anybody know when this horrible trend come to an end ?!
I am happy with my sales everywhere, month by month earning more, but DOLLAR drives me mad and demotivate from uploading.

Peter · « **Reply #1 on:** June 30, 2008, 08:29 »

me too. I live in Europe, and I would love to be payed in euro, not in dollars. but what can I do. Pray for George Bush to go to pension, and stop war in Iraq, and dollar will raise again. hhhhh

niserin · « **Reply #2 on:** June 30, 2008, 08:38 »

Do not talk about being payed in Euro becouse it is impossible for many reasons and NEVER gonna happen.

If anybody have any info about future of dollar, please write here, because I am real desperated ;/

dirkr · « **Reply #3 on:** June 30, 2008, 09:26 »

If I would have INFORMATION about the FUTURE of the Dollar, I wouldn't be sitting in my office behind my computer screen but rather be hugging a huge Caipirinha somewhere under a palm tree...

But I can guess: Over the years to come, the Dollar will continue to lose against all other major currencies. But, as said, that's only a guess...

4seasons · « **Reply #4 on:** June 30, 2008, 09:44 »

Quote from: dirkr on June 30, 2008, 09:26

If I would have INFORMATION about the FUTURE of the Dollar, I wouldn't be sitting in my office behind my computer screen but rather be hugging a huge Caipirinha somewhere under a palm tree...

me too...

People who know that (if know) are playing Forex, not stock.

lobby · « **Reply #5 on:** June 30, 2008, 10:20 »

here is your answer...

when the oil fall back to 80-90 dolars

the dolar would be again arount 1,20-1,35

well make your guess....

:-)

dirkr · « **Reply #6 on:** June 30, 2008, 10:25 »

different answer:
when oil starts to be priced in Euros, nobody outside the US will remember the Dollar...

Bateleur · « **Reply #7 on:** June 30, 2008, 12:27 »

Quote from: niserin on June 30, 2008, 08:38

Do not talk about being payed in Euro becouse it is impossible for many reasons and NEVER gonna happen.

If anybody have any info about future of dollar, please write here, because I am real desperated ;/

Join Yay. They're going to pay me in Euros ... when I make a sale

JBe · « **Reply #8 on:** June 30, 2008, 12:35 »

So does panthermedia

leaf · « **Reply #9 on:** June 30, 2008, 12:40 »

as well as mostphotos

4seasons · « **Reply #10 on:** June 30, 2008, 12:52 »

...and scanstockphoto...

RacePhoto · « **Reply #11 on:** June 30, 2008, 14:04 »

Quote from: JBe on June 30, 2008, 12:35

So does panthermedia

Quote from: leaf on June 30, 2008, 12:40

as well as mostphotos

Quote from: 4seasons on June 30, 2008, 12:52

...and scanstockphoto...

Quote

Join Yay. They're going to pay me in Euros ... when I make a sale

Ha Ha Ha, when and if, and then we'd all have to have enough sales from these places to make the payout.

I'll take dollars from places that actually sell something.

Here's a catch, when the customers pay in Euros then the agencies will pay in Euros. If the clients pay in dollars, we get paid in dollars. The whole exchange rate game would be a real mess if clients subscribed in dollars and photographers got paid in Euros, wouldn't it?

Lets say someone actually could get paid in Euros for photos bought with dollars. First thing would be an adjustment and conversion, from dollars to Euros, in which case, you would get the same payment in Euros, adjusted DOWN for the value in dollars!

That's why it's not going to happen.

CvanDijk · « **Reply #12 on:** June 30, 2008, 14:14 »

When I go to shutterstock I see prices in Euro's (I'm from Holland), 1 month is € 199,- So clients from Europe pay for foto's from Shutterstock in Euro's and we as photographers are paid in Dollars.

It sounds to me like an exchange of money

dirkr · « **Reply #13 on:** June 30, 2008, 14:18 »

Same with Fotolia. You can buy in four different currencies (Euro, Dollar, Pound, Yen). And as a contributor the currency you're paid in depends on where you have registered. Independent of the currency the buyer has used to pay for the credits.
And I did already assume a while ago that may be the reason why we Europeans do not sell many pictures to the US... (just look at their credit prices and do the math - Fotolia is better of if a Euro-paying buyer buys a Foto for which the contributor is paid in Dollars as the other way round).

RacePhoto · « **Reply #14 on:** June 30, 2008, 14:58 »

Quote from: CvanDijk on June 30, 2008, 14:14

When I go to shutterstock I see prices in Euro's (I'm from Holland), 1 month is € 199,- So clients from Europe pay for foto's from Shutterstock in Euro's and we as photographers are paid in Dollars.

It sounds to me like an exchange of money

Then they need to increase the pay in dollars to equal the same amount in Euros. That means that we'd have to have pay adjustments up and down, according to the value of the dollar, vs the value of the Euro's on at least a weekly basis, if not daily.

When the dollar comes back up, then photographers would have to have their pay de-valued, which I'm sure would bring some cries and complaining about the cut in pay.

All I'm getting at, is it's not as easy as someone paying in Euro's, just because the photographer wants what they perceive as a higher return.

I'd agree that for someone like yourself, getting paid in Euro's makes sense. Paying people in the US and places that don't use that currency, doesn't make sense.

Lets say that I'm in the US and allowed to get paid in Euro's. OK so I get a little more, and then when I have it converted to dollars so I can spend it, I have to pay an exchange rate, which means I lose money.

Meanwhile, I agree that people in Europe where Euro's are used, should be able to get paid in Euro's. People in other places, get paid in dollars. Heck I'd like to get paid in Canadian dollars, because the exchange rate is up!

But you can't have people changing back and forth and changing payment currencies, based on whichever one is rising and worth more. You can't have agencies adjusting pay according to the value of the currency, on a continuous basis.

My pay check is the same, my prices are the same, my hourly wage isn't adjusted every week, based on the value of the dollar... Maybe some things are adjusted annually.

I don't know why people think that photo agencies who sell photos in dollars (and some also in Euro's) should pay in a higher valued currency, than the agencies are getting paid for the same photos?

Last of all, if for some strange reason the Euro starts to drop and the dollar starts to rise, is everyone going to start complaining that they want to get paid in dollars, not Euro's?

RT · « **Reply #15 on:** June 30, 2008, 16:02 »

An even worse example is Alamy, a UK buyer can purchase an image for GBP then Alamy convert it to USD and then convert it back to GBP and charge me the conversion fee when I get paid!!

It's something that's been argued over ever since they started it.

yingyang0 · « **Reply #16 on:** June 30, 2008, 17:14 »

Quote from: lobby on June 30, 2008, 10:20

here is your answer...

when the oil fall back to 80-90 dolars

the dolar would be again arount 1,20-1,35

well make your guess....

:-)

The price of oil is a function of the value of the dollar, not the other way around. So you need the dollar's value to rise which will cause oil to fall.

START BUYING MORE US GOODS!

litifeta · « **Reply #17 on:** June 30, 2008, 17:39 »

Downturn in the US dollar is good for me.

Presently the Australian dollar is close to parity, at 96 cents.

Because I am still building myself up, I need gear more than anything. The prices of camera gear for us in Oz has nearly halved. Our dollar used to be worth 50 US cents.

But once I have my 5d, a few good lenses, and a set of studio lights, I will be chasing the money for income. So I would be just banking it on the sites and only asking for a payout when the Aussie falls.

madelaide · « **Reply #18 on:** June 30, 2008, 21:18 »

Quote from: dirkr on June 30, 2008, 10:25

when oil starts to be priced in Euros, nobody outside the US will remember the Dollar...

Isn't oil already priced in Euros? I remember having read about OPEC doing that, at least. I may be wrong.

Regards,
Adelaide

litifeta · « **Reply #19 on:** June 30, 2008, 22:16 »

The US $ will not be dropped any time soon as a measure of financial markets.

It is still the safest currency on the globe.

The economy goes up and down. So does the Greenback.

travelstock · « **Reply #20 on:** July 01, 2008, 01:14 »

Look on the bright side, we're not being paid in Zimbabwe dollars

dirkr · « **Reply #21 on:** July 01, 2008, 01:46 »

Quote from: madelaide on June 30, 2008, 21:18

Quote from: dirkr on June 30, 2008, 10:25
when oil starts to be priced in Euros, nobody outside the US will remember the Dollar...

Isn't oil already priced in Euros? I remember having read about OPEC doing that, at least. I may be wrong.

Regards,
Adelaide

Not yet. Some OPEC countries have been talking about pricing oil in Euros, but so far the US Dollar is still the currency used. As for all other major commodities.
And that is one reason why the Dollar still has some life in it: You need US Dollars to buy Oil. That creates demand (for the Dollar) and as always in economics, that influences the price (again of the Dollar).

epixx · « **Reply #22 on:** July 01, 2008, 02:13 »

Quote from: madelaide on June 30, 2008, 21:18

Quote from: dirkr on June 30, 2008, 10:25
when oil starts to be priced in Euros, nobody outside the US will remember the Dollar...

Isn't oil already priced in Euros? I remember having read about OPEC doing that, at least. I may be wrong.

Regards,
Adelaide

Iraq did that, but some guys from the other side of the globe came over and asked to change back to dollars.

madelaide · « **Reply #23 on:** July 01, 2008, 16:36 »

Quote from: epixx on July 01, 2008, 02:13

Iraq did that, but some guys from the other side of the globe came over and asked to change back to dollars.

I'm sure they were very convincing.

Regards,
Adelaide

leaf · « **Reply #24 on:** August 08, 2008, 13:10 »

The dollar is the highest it has been in 3 months

good news... just cashed out my paypal account.

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Author Topic: Falling dollar - becoming a real problem (Read 12366 times)

niserin

Peter

niserin

dirkr

4seasons

lobby

dirkr

Bateleur

JBe

leaf

4seasons

RacePhoto

CvanDijk

dirkr

RacePhoto

RT

yingyang0

litifeta

madelaide

litifeta

travelstock

dirkr

epixx

madelaide

leaf

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