bill937ca Posted August 24, 2010 Share Posted August 24, 2010 This is going to hit many of us. Those pre-orders are going to get more expensive. Yesterday the dollar dipped to 84.17 Yen, before climbing back up to 84.47 Yen. The Loonie is sitting at 81.14 Yen, the Euro at 108.16 Yen. Link to comment
Claude_Dreyfus Posted August 24, 2010 Share Posted August 24, 2010 Unfortunately, this will also hit many UK buyers as a lot of Japanese suppliers convert from yen to Dollars and thereafter Pounds... Link to comment
IST Posted August 24, 2010 Share Posted August 24, 2010 And Hungarian Forint also collapsing... :-( Exchange rate arount 24th end of August: 2008: 1 USD = 156 HUF 2009: 1 USD = 187 HUF 2010: 1 USD = 225 HUF Link to comment
traindork Posted August 25, 2010 Share Posted August 25, 2010 Wow! What happened? I hadn't checked in a few months, but it was in the low 90's for a long time. Link to comment
bill937ca Posted August 25, 2010 Author Share Posted August 25, 2010 The general view is the recovery is fading away. I see currency rates every morning and the Yen has been gaining for the last couple of weeks. Exactly why I'm not sure. Link to comment
to2leo Posted August 25, 2010 Share Posted August 25, 2010 It's something to do with carry trade where you would borrow the low interest Japanese Yen and convert them into other currency to invest in higher return investment. Unfortunately, this all turn hay-wired with the economic slump we are experiencing. Also, the US and Euro have their own sets of financial problems which investors are now rushing to find safer currency to park their money in. Link to comment
cteno4 Posted August 25, 2010 Share Posted August 25, 2010 it is going to hurt with all the preorders in for me coming out in the next 2-3 months! luckily not much more than some tomytec has been put on reserver in the last month or so! oh well its only money! at least the japanese trains seem to hold their value pretty well! hey its a cheaper hobby (and better investment) than owning a boat! dont let anyone ever ever ever talk you into the idea that you can invest in a boat to make money! buy a bridge instead! HA! cheers jeff Link to comment
to2leo Posted August 25, 2010 Share Posted August 25, 2010 it is going to hurt with all the preorders in for me coming out in the next 2-3 months! luckily not much more than some tomytec has been put on reserver in the last month or so! oh well its only money! at least the japanese trains seem to hold their value pretty well! hey its a cheaper hobby (and better investment) than owning a boat! dont let anyone ever ever ever talk you into the idea that you can invest in a boat to make money! buy a bridge instead! HA! cheers jeff Hahaha and become a Bridge Troll! Link to comment
alpineaustralia Posted August 28, 2010 Share Posted August 28, 2010 There is a flight away from the USD to more stable currencies such as the yen and the swiss franc as a result of the US economy being seen as a lot longer off recovery than first thought . Link to comment
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