Saturday, October 11, 2008

"it's the economy, stupid"


This isn't a post about the financial crisis.




No, I lied. It is, in a way, but in a good way.

As you might recall, I have an Etsy shop and if you know how Etsy works, you know the only currency used there is the US dollar. In the meantime I live my life and pay my bills with Euros, naturally. Well, for a long time after the Euro was created one euro and one dollar were more less even. Until the dollar dropped dramatically this year meaning that, in my store, to get a fair value in Euros I had to ask for a lot more dollars.

A graphic from http://www.taprofessional.com/ showing the evolution of the USD - Euro ratings this Summer.



But this Summer the dollar has recovered some of its value and if that is bad news for some things, it is GREAT NEWS for my store and for buyers. I am now able to review all my prices and come out with excellent price reductions. This isn't a sale, it's a permanent reduction (as long as the dollar-euro ratings allow me to) and some things that cost 40$ dollars now cost 30$.



In the meantime, I've been doing a million and one things including preparing the new season - Autumn. I'll have a few new things in the store soon. It's easy to get lost when I'm trying to juggle so many different balls in the air but I like the variety and it prevents me from getting tired of doing only one thing.

9 comments:

Shadow said...

this money stuff all over the world is getting scary! so please elaborate on what you're juggling to keep me occupied...

sirbarrett said...

Keep juggling those balls. Fall fashion will thank you.

chrispito said...

That is god news for you, and I'm happy! This sort of fluctuation really hurts people.

I wish I'd bought some dollars when the Cdn $ was higher. B's going to the US in a few days and it cost him almost $70 more to exchange his money than if he'd bought the previous day. Bleh.

Niall said...

When you say that you're working on something ...then that usually means we're in for a treat!...in the meantim folks...get on over to June Gardens and get spending before the dollar crashes out of sight.

Violet said...

hi there :)
i'll post soon. nice to see u.

Devil Mood said...

Shadow: Yes, it could all collapse and we go back to feudal days. Imagine that...

SirBarrett: lol good line there!

Chrispito: Oh really? That's awful :( Yes, I hope it helps the store because it isn't helping on other aspects. ;)

Niall: I think the Euro supremacy may have ended this summer and things will more balanced from now on.

Violet: hello :) Yes, do that!

missalister said...

Really awesome photo! Wow! And I very much appreciated a view of economics as directly relates to you. It’s a happy chapter within your ball-juggling success story :-D

chrispito said...

ha, didn't you see my typo? lol

Devil Mood said...

MissAlister: Oh that was another one taken with my mobile. I thought it'd be horrible, but it's not bad.

Chrispito: oh the 'god news'? :)