Since most parking companies are U.S. Based and pay publishers in dollars, and since most domain sales, are quoted in U.S. dollars, its important to keep our eye on the sinking dollar. So we are going to add this feature to our radar and keep you updated.
The dollar hit a low against Japanese Yen today as the dollar dipped below 100 yen for the first time in 12 years .
The dollar fell as low as 99.75 yen, according to Thomson Financial, before bouncing back above 100 yen. It was the first time the Japanese currency had traded below 100 yen since November 1995.
So far this year, the dollar has fallen 10 percent against the yen
The dollar also fell to record lows against the euro, which rose above US$1.56, for the first time ever.
The dollar also sank to all-time lows of 1.0090 versus the Swiss Franc.
The Dollar fell against the British pound to $2.0321 — the lowest since Dec. 14, 2007.
What this means’s to Domainers. If you live in the .Eu or are holding that currency is not costs you about 20% less to buy domains from US owners than it did a few months ago.
In New York, it is reported that 2 out of 3 buyer’s of luxury condo’s in the past few months have been Non-US residents.
New York is one of the few markets where properties have not fallen and the sales market is still active.
If the European community starts to go into acquisition mode on domains, they would be getting a built in bargain and it would keep domain values high.
Therefore the show scheduled for Paris in June maybe much more important that orginally thought, and as a industry I think it is time to reach out to our friend overseas and have them bring their valuable currency into the market.
It is a natural way that the currency has to fluctuate and adjust itself to other world currencies.
As there is day so there is night – as the currency is “strong” so it has to become “weak” – upside comes with the downside so does good with evil.
The best exchange rate website is http://www.xe.com.