Euro currency going down - page 2. | Bitcointalksearch.org

swogerino

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Quote from: trendcoin on July 23, 2022, 12:41:43 PM

The rapid change between euro and dollar upsets the balance... Countries exporting products to Europe will receive low-value Euros. Then they will import raw materials with high-value dollars from the global market for the products they will manufacture. At this point they will experience an imbalance. They can fix this problem by rearranging their prices. However, those who cannot follow the rapid change closely will have some losses. As a result, we are talking about a temporary problem that could undermine production and prices. We can all be affected by this.

I am in a country where we receive payments with the local currencies with some exception for people like me who are here because of International companies and get paid in our preferred currency,most people here are greatly irritated because the prices are in EUR and EUR used to be much stronger than the local currency but now they are happy and are even blaming more the EUR to go further down to get our lost "financial freedom" they say.I also am someone who gets paid in USD and USD is my favorite currency so as long as USD does well I don't really care if EUR goes further down.EUR has really destroyed many EU economies,especially Italy which used to be a great country when they had the "Liretta" coin and after EUR screwed them up,then Greece and a couple of others.

So it depend from the point of view,for some EUR goes down bring losses for some other profit.

trendcoin

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The rapid change between euro and dollar upsets the balance... Countries exporting products to Europe will receive low-value Euros. Then they will import raw materials with high-value dollars from the global market for the products they will manufacture. At this point they will experience an imbalance. They can fix this problem by rearranging their prices. However, those who cannot follow the rapid change closely will have some losses. As a result, we are talking about a temporary problem that could undermine production and prices. We can all be affected by this.

cabron

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The one that EU need the most is energy, they are all dependent to gas but they also wanted the world to stop extracting gas/fossil fuel. Actually its not just them, everywhere in the world needs gas to power up the cities.

Didn't they also printed EUROs last Covid? The problem with printing banknotes while your currency is not the reserve currency is that, its your country that is affected the most unlike with US printing USD is that every country suffers the inflation.

cheezcarls

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The same here in the Philippines. We're in a worst position now in 17 years as it closes to as much as 56 PHP = $1.00. I don't know how long will this last as the crisis in Russia-Ukraine isn't stopping anytime soon.

We are all affected here, so you guys aren't alone. I fear that if this continues, the value would possibly worsen than expected.

fiulpro

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The dollar is becoming far too close to the euro and at the end of the day it might not be the local strongest in the Europe as well, at the same time one might understand the fact that Europe is now in a state of war which means that the value would go down more, at the same time they are exporting aid to Ukraine, they have to do ofcourse if they don't they might also fall in the hands of crazy Russian government or I should say Dictatorship now. The rise and fall of the currency is not something new but I expect them to have a massive growth 📈 after the war has ended as well.

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Quote from: davis196 on July 11, 2022, 05:43:51 AM

This sounds far-fetched. Germany alone exports goods for about 1.37 trillion euro annually. The European Union exports a lot of goods and services, but it imports a lot of goods and services as well. The trade balance is what's important.

I love the narrative of some, everything is made in China....well, no!
Europe alone exports more than China, just Germany, Netherland and Italy export the same as China does, out of the biggest 10 exports 5 are from Europe, and speaking of Germany, as you mentioned, Germany exports more than the entire GDP of all but top 14 countries, or more than the entire GDP of Nigeria, Malaysia Philippines, and Vietnam combined!

The other narrative I love...
The euro is going up, this will be bad for their exports it will ruin the economy!
If the euro goes down, it will be bad, they need expensive energy imports, and it will ruin the economy.
The USD goes down, the petrodollar is going to be destroyed!
If the USD goes up, it will ruin everything as it makes stuff more expensive, the petrodollar is going to die!

The Turkish lira or the rial dive 80% in value, everything is fine, the petrodollar is going to die! Grin

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Quote from: davis196 on July 11, 2022, 05:43:51 AM

This sounds far-fetched. Germany alone exports goods for about 1.37 trillion euro annually. The European Union exports a lot of goods and services, but it imports a lot of goods and services as well.

It is not far-fetched, OP is just wording it badly.

EU depends a lot on energy, specifically countries like Germany that heavily rely energy imports. These are industrial countries that would seize all productions if their energy like gas was cut off or was disrupted in any way.

Another big problem is that even if their energy is not cut off, EU still heavily relies on cheapness of it to be able to compete in international markets. (This is what Russia capitalized on over the past decades.) When energy prices shoot up (like gas and oil prices these days) those industries would end up with high production costs so they have to increase the price of their products.
Now we have inflation in most countries in the world, people in those countries that for example used to import goods from EU can not afford to buy goods anymore, they definitely can't afford to buy them if the price of them is also higher. So their markets are slowly taken over by competitors like China that have access to cheaper energy compared to EU and much cheaper production costs.

It's the same with services.
And that's the main reason why euro is dumping and Europe is facing a lot more inflation to come in the coming years.

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Quote from: 325btc on July 09, 2022, 06:11:28 AM

There is no demand for eur currency eurpe dont produce anything to export out of eu.
The biggest winners are those who sell things like russia and also norway since russia is out of the game the norway will take whole eu market so expect NOK to going parabolic bull run against eur currency the world will be full of unwanted eur currency so value of euro going down since everybody want to exchange their euros to get other currencies.
Off course winners are those who produce something and do a lot exports off course not goods but energy such us gas and electricity.

Another totally clueless observation by you. You have no idea how the world economy works apparently, the collective economies of all EU countries rival the size and scale of America, if not bigger. Europe produces some of the finest medical, tech and hardware of all countries. You're an absolute joke if you think Russia produces much of anything besides extracting minerals / gas and oil out of the earth, which requires very little skill - even the technology for that they have to purchase from companies in Europe and America. Besides that, Europe is full of culture and is one of the premier destinations for tourism because of both it's natural beauty, wide range of interconnected countries and general governmental stability.

sunsilk

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It's now a $0.1 cent allowance for them to be par for a EURO.

I've just known this news a few days ago and it was really surprising. While the Euro currency is being weakened, USD is really stronger but this won't last for a long time.

Once the war ends, they'll be back again with all of those exports that they're getting and they'll be at recovery. I'm not an economists but it really is a domino effect coming from this war.

davis196

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Quote from: 325btc on July 09, 2022, 06:11:28 AM

There is no demand for eur currency eurpe dont produce anything to export out of eu.
The biggest winners are those who sell things like russia and also norway since russia is out of the game the norway will take whole eu market so expect NOK to going parabolic bull run against eur currency the world will be full of unwanted eur currency so value of euro going down since everybody want to exchange their euros to get other currencies.
Off course winners are those who produce something and do a lot exports off course not goods but energy such us gas and electricity.

This sounds far-fetched. Germany alone exports goods for about 1.37 trillion euro annually. The European Union exports a lot of goods and services, but it imports a lot of goods and services as well. The trade balance is what's important.
Anyway, the Euro is going down in value because:
1.The insecurity regarding the war in Ukraine and the Russian oil and natural gas supplies, which are about to stop(or maybe not).
Europe is way more dependent from Russian natural resources than many other countries. The USA doesn't have this problem.
2.The European central bank isn't increasing the interest rates. The Federal Reserve finally did some rate hikes and many economists criticized this move as being "too little, too late". The European central bank is even slower than the Federal Reserve.

Gayong88

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In my opinion, we can say a lot about the EU, but they are certainly smart enough to include energy trading as part of their energy production requirements. If other countries did not start using this same strategy, it would most likely put them at a disadvantage on the world stage. because they face stiff competition from outside the eurozone in terms of exports and move elsewhere.

325btc

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Quote from: Husires on July 09, 2022, 06:27:30 AM

We have a similar topic that you can check out here: U.S dollar almost equal to Euro
It is too early to start analyzing what is happening, we are in the middle of an economic crisis and it is too early to reach conclusions about the biggest winners or losers. when the war ends and life returns to normal, we can talk about winners and losers.

The point is here europe dont export energy but they need so who willl want really those euros other then people who just need to pay back euro loans.
But eu needs rubles and nok currency to get gas and energy....imagine if russia is out of the eu market all eu demand will be going in to norway the norway central banks will run out of the money if the whole eu will want to buy gas and other energy so norway banks will have the most of the eu currency but what will they do it with this if eu keep giving them full of baskets of eu currency to get fuel gas and energy ? The euro value will go lower then zimbawe dollar if this process wht going on dont stop.

Husires

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We have a similar topic that you can check out here: U.S dollar almost equal to Euro
It is too early to start analyzing what is happening, we are in the middle of an economic crisis and it is too early to reach conclusions about the biggest winners or losers. when the war ends and life returns to normal, we can talk about winners and losers.

325btc

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There is no demand for eur currency eurpe dont produce anything to export out of eu.
The biggest winners are those who sell things like russia and also norway since russia is out of the game the norway will take whole eu market so expect NOK to going parabolic bull run against eur currency the world will be full of unwanted eur currency so value of euro going down since everybody want to exchange their euros to get other currencies.
Off course winners are those who produce something and do a lot exports off course not goods but energy such us gas and electricity.

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