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Originally posted by Ed11790:
i dont get these charts….......explain?whats happening?
us money go up or down?huh? US$ Plunge and you don't get it?
plunge (plŭnj)
v., plunged, plung·ing, plung·es.v.tr.
- To thrust or throw forcefully into a substance or place: “Plunge the lobsters, head first, into a large pot of rapidly boiling salted water” (Craig Claiborne).
- To cast suddenly, violently, or deeply into a given state or situation: “The street was plunged in cool shadow” (Richard Wright).
<!-- __ADSHERE --> v.intr.
- To fall or throw oneself into a substance or place: We plunged into the icy mountain lake.
- To throw oneself earnestly or wholeheartedly into an activity or situation: plunged into my studies.
- To enter or move headlong through something: The hunting dogs plunged into the forest.
- To descend steeply; fall precipitously: a cliff that plunges to the sea.
- To move forward and downward violently: The rider plunged from the bucking horse.
- To become suddenly lower; decrease dramatically: Stock prices plunged during the banking crisis.
- To speculate or gamble extravagantly.
n.
- The act or an instance of plunging.
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- A place or area, such as a swimming pool, for diving or plunging.
- A swim; a dip.
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When currencies plunge, it means that the value of the currency plunges or go down. How do you measure whether the value of the currency has gone down? You compare it with other currencies. You compare how much of the other currency you can "buy" or "exchange"
The first chart shows that the amount of Chinese Yuan that 1 US$ can buy has fallen dramatically in the past five years and the second chart, the Japanese Yen and the third chart, the European common currency.
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.... US companies operating in Asia will find that it costs more... it will be less attractive for them to outsource overseas compared to manufacturing the goods and services in the US or US currency pegged countries.
... the goods manufactured outside of the US will cost more and it will be less attractive to buy foreign goods compared to locally US produced goods.
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Originally posted by AndrewPKYap:
.... US companies operating in Asia will find that it costs more... it will be less attractive for them to outsource overseas compared to manufacturing the goods and services in the US or US currency pegged countries.
... the goods manufactured outside of the US will cost more and it will be less attractive to buy foreign goods compared to locally US produced goods.
good insight, true, the US of A is in recession, tho they claim that they are near recession but actually they are in recession, as the nos 1 economy in the world with the best consumers, the recession shall hit even asia and other part of the world in no time.The mortages and credits from overspending is one of the culprit whereby most are unable to pay back and simply declared bankrupt.
now our sing is $1 to 1.3...US dollars only
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