Currency Markets Impact Foreign Domainers
January 22, 5 CommentsDomainers that don’t live in the United States have often reaped the benefits of the currency market.
With world markets going up and down like a game of Donkey Kong (well actually more down than up) its having a serious impact on our cost of goods.
As of today, 1 USD = 1.52384 AUD (Australian dollar), or to flip it around, 1 AUD = 0.656154 USD. If you look at the chart, you will see that six months ago, the Australian dollar was worth US$.96.
Great For Parking
The rest of the world is making MORE money (in their local currency) as they take advantage of being paid in US$ or Euro.
Bad For Buying
The cost of bidding against US domainers has increased.
Great For Selling
While this may seem all “doom and gloom”, there is a hidden upside. If you are a non-US domainer who is selling, then now is the time to sell in US$. Why? It should be worth more in your local currency.
If you are a domainer outside the USA, please feel free to post a comment. I’d love to hear your situation.
