View Poll Results: Is the current turmoil in foreign exchange rates good or bad for your business?

Voters
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  • Very good for my business.

    5 50.00%
  • Somewhat good for my business.

    0 0%
  • Hardly matters for my business.

    2 20.00%
  • Somewhat bad for my business.

    2 20.00%
  • Very bad for my business.

    1 10.00%
Results 1 to 5 of 5
  1. #1
    MichaelCorfman's Avatar
    MichaelCorfman is offline GPWA Executive Director
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    Question Is the current turmoil in foreign exchange rates good or bad for your business?

    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
    GPWA Executive Director, Casino City CEO, Friend to the Village Idiot

    Resources for Affiliates: iGamingDirectory.com, iGamingAffiliatePrograms.com, GamingMeets.com

  2. #2
    Roulette Zeitung's Avatar
    Roulette Zeitung is offline Public Member
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    "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

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    -Shay- (8 January 2015)

  4. #3
    sweetbet's Avatar
    sweetbet is offline Private Member
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    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
    Sweet Bet - Reviews of reputable online casinos, poker sites, sportsbooks & bingo halls
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  5. #4
    TheGooner's Avatar
    TheGooner is offline Private Member
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    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.

  6. #5
    marise's Avatar
    marise is offline Public Member
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    Default

    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.

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