Exchange Rate and the #Brexit
Jun. 24th, 2016 03:41 pm![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png)
I'm going to have to recalculate exchange rates ASAP, but I'm guessing it's going to jump back up to JPY 100 = USD 1.00. [6/27: current exchange rate, including my bank fees as usual, is ¥100:$1.02]
"But @feikoi, you live in Japan! You accept US currency! WTF does that have to do with the situation in the EU!" With the massive fluctuations in pound and Euro currently (aka now is the time to shout "TIIIIIMBERRRRRR"), it's affecting international money markets as well. Asian currencies in particular seem to have gotten a relative boost. Now, Japan's Ministry of Finance has been deliberately devaluing the yen to make Japan more desirable for foreign investment or some BS (I really don't pay much attention to that stuff), so they might artificially rebalance it soon.
In the mean time, I gotta whip out my calculator.
(For those of you in the UK, my deepest apologies for your currency.)
"But @feikoi, you live in Japan! You accept US currency! WTF does that have to do with the situation in the EU!" With the massive fluctuations in pound and Euro currently (aka now is the time to shout "TIIIIIMBERRRRRR"), it's affecting international money markets as well. Asian currencies in particular seem to have gotten a relative boost. Now, Japan's Ministry of Finance has been deliberately devaluing the yen to make Japan more desirable for foreign investment or some BS (I really don't pay much attention to that stuff), so they might artificially rebalance it soon.
In the mean time, I gotta whip out my calculator.
(For those of you in the UK, my deepest apologies for your currency.)