Is the current turmoil in foreign exchange rates good or bad for your business?

[MichaelCorfman]

The price of oil has dropped to half of what it was six months ago. And with the dramatic change in the price of a commodity central to imports and exports between countries, foreign exchange rates have been subject to dramatic swings as well. This type of change can have a dramatic effect on earnings for international businesses, and as affiliates, many of us are operating international businesses.

Thinking about your own business, do you believe the changes in exchange rates have been good or bad, or don't matter? The changes could be direct, if you have earnings in one currency that must be converted to another currency. Or the changes could be more indirect based on the way they affect consumer spending. Post your thoughts about how the changes affect your business directly, and whether you think the changes affect gaming activity by players.

Michael

[Roulette Zeitung]

"The price of oil has dropped to half of what it was six months ago."

That are good news for me, because I gas up 20 Euro at a time, and my gas gauge is not working. Eventually, when the tank overflows, I hit the jackpot and owner of gasoline station shows me with tortured smiling the way to his competition.

Leopold

[sweetbet]

As far as business running costs go, I'm finding myself paying a little bit more for hosting, content, etc, but I can't complain when I receive payment because 1 USD is now worth approximately 1.23 AUD

[TheGooner]

Neutral - because we have currency strategies in place to minimise short term fluctuations of less than six months.
The local NZD has always been a volatile currency - and so the current situation is pretty much a normal situation for us.

[marise]

The more Euros we get from the dollar, the better. However, when you pay hosting in dollars, then you'll effectively pay more for that too.