Leo Utskot

Managing director, project leader and designer at Copyleft Solutions

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November 30, 2008

Current dilema

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Current_dilema

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about 3 years ago Hans Petter Jansson responded:

Some estimates place the MXN:USD rate at 18:1 come next year. I'll have some of that shit weather, please.

about 3 years ago Jadiel Flores responded:

Me too!!! Please Please!!!

about 3 years ago Joakim Ziegler responded:

Well, it's worth noting that the USD:MXN rate is because the dollar has strengthened a lot (some analysis I've seen claims that this is because US investors are investing in hard currency). The NOK:MXN rate at the moment is lower than it was about a year ago.

about 3 years ago Leo Utskot responded:

Leo Utskot

For me it's a wonderfull loose-loose situation now. The projects we sell in Norway have a lower pesos-value and the money we have in Mexico is worth less compared to the dollar. I knew I should have trusted my instincs and spent everything on bling.

about 3 years ago Hans Petter Jansson responded:

Joakim: True, but when you live in Mexico, you generally buy a lot of stuff from the US.

about 3 years ago Joakim Ziegler responded:

Yes, and when you live in Norway, you buy a lot of stuff from the European Union. The NOK:EUR rate is also stupidly low at the moment, at a record low, actually. It seems the financial crises lead to large currencies going up, while smaller ones go down.