Entries Tagged as 'Exchange Rates'
7 March 2008 · Comments Off
I’ve been meaning to do some spreadsheet jockeying for quite some time now, to satisfy my curiosity about how much of the ongoing spike in oil prices is the result of a weaker dollar.
The good folks over at the Washington Post have partially addressed my curiosity:
![[Oil Price Graphic]](http://www.triskele.com/wp-content/uploads/2008/03/gr2008030700263.gif)
Clicking on the graphic will take you to the full-sized one at WaPo.
Personally, I would have gone back a few more years to do the comparisons…but these charts are interesting enough to ease my curiosity — it really looks more like a function of oil costing more, than a crashing dollar.
Tags:
Economy · Energy · Exchange Rates · Oil Prices
5 January 2008 · Comments Off
Remember when the U.S. Dollar seemed to be almost a universal currency?
From the AJC:
In a sign of how the once mighty U.S. dollar has fallen, India’s tourism minister said Thursday that U.S. dollars will no longer be accepted at the country’s heritage tourist sites, like the famed Taj Mahal.[...]
The Taj Mahal, India’s famed white marble monument to love, which had charged tourists $15 or 750 rupees, has been refusing to accept dollars since November.
The article mentions that it is more complex than just blaming a weakening dollar, and I think it would be fair to take this as much as evidence of maturation of India’s economy to the point that the Rupee is now highly preferred at least in its own country.
But, it’s still sad to think that the Greenback is less welcome than it once was around the world.
Tags:
Actuarial Musings · Dollar · Exchange Rates · India
