Is it just us or is the US$ taking a nosedive?

[Commie Pinko Dirtbag]

http://www.x-rates.com/d/BRL/USD/graph120.html

April 4, 2007:

[no_hypocrisy]

1. Look at the flat line for the exchange rate for the Saudi Riyal.

Dollar down against almost all other currencies.




120 days latest (Apr 7)
3.75 lowest (Aug 15)
3.75 highest (Aug 15)
3.75

[tritsofme]

2. Their currency, like many others is pegged to the USD

I would presume this eliminates the currency risk of a declining dollar as nearly all crude oil sales are made in USD.

[irish.lambchop]

3. Is definitely on a downward slope -

I spend half the year abroad and exchanging USD for Euros is quite sobering! Am just wondering when our currency will be changed to the Yen.

[On the Road]

4. Last Week,

it cost me $118 to get 50 Bristish pounds in the airport.

[Greyhound]

5. The USD has been going downhill ever since the day arbusto sneaked into

the back door of the White House. Started slowly because everyone knew he was an idiot, but thought he would just put in his time, get his library, and be quickly forgotten, but once he started actually doing things the pace of devaluation picked up substantially. Nobody wants to be the one holding tons of toilet paper once the house of cards collapses, but OTOH they can't dump 'em too quickly cause the collapse will take most of the others with it.

The dollar in your wallet is worth about 4 cents of a 1913 greenback.

[DancerDr.]

6. What drives the Brazilian Reals?

That is the best question.