RiceRocket Posted December 2, 2008 Share Posted December 2, 2008 Its not just those few, its the £ VS everything... The £ is crashing against all other currencies. Why? It supposed to be a world credit crisis and yet the £ is worst hit! One reason (maybe the main one?) is due to how the 'country' (aka Brown/Darjeeling) is borrowing to spend its way out of the recession when we're way in debt already Quote Link to comment Share on other sites More sharing options...
hogmaw Posted December 2, 2008 Share Posted December 2, 2008 THE GOOD NEWS is that it's good for exports. Every cloud has a silver lining. Think positive people. Quote Link to comment Share on other sites More sharing options...
RiceRocket Posted December 2, 2008 Share Posted December 2, 2008 THE GOOD NEWS is that it's good for exports. Every cloud has a silver lining. Think positive people. What do we manufacture in abundance to export? Quote Link to comment Share on other sites More sharing options...
Gaz Walker Posted December 2, 2008 Share Posted December 2, 2008 What do we manufacture in abundance to export? Indeed. Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 2, 2008 Author Share Posted December 2, 2008 THE GOOD NEWS is that it's good for exports. Every cloud has a silver lining. Think positive people. Not benefitting me building my track car at all What do we manufacture in abundance to export? cold weather and idiot politicians, that we would happily pay for others to take away! Quote Link to comment Share on other sites More sharing options...
hogmaw Posted December 2, 2008 Share Posted December 2, 2008 What do we manufacture in abundance to export? Dunno but I make records and CDs and worldwide sales have been pants these past few years. Now things are looking up Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 2, 2008 Share Posted December 2, 2008 I think most of the jdm car importers especially the ones at the dodgier end of the scale will go under because of this but it will also crucify any big Japanese manufacturers with lots of domestic bases that sells primarily exports (ie the bike manufacturers like Kawasaki & Suzuki that make most of their money in the over 400cc classes). GBR exports about as much as we import, and we export a hell of a lot of cars and aerospace but services was our bread winner. Germany is a hugely industrial nation that heavily relies on manufactoring exports and are in a worse position that most (except us with Drowning in charge) because people aren't buying big cars and companies are not refitting heavy equipment. Quote Link to comment Share on other sites More sharing options...
Nic Posted December 3, 2008 Share Posted December 3, 2008 Horrible isn't it. :cry: Quote Link to comment Share on other sites More sharing options...
francis Posted December 3, 2008 Share Posted December 3, 2008 Ouch... I went there the summer before last, 250 yen to a pound... I was surprised by how cheap everything was over there given it's reputation for being one of the most expensive cities in the world - a relative bargain compared to London, £2 for a McDonalds, £1.50 for a Starbucks coffee, cheap public transport, £100 a night for a 5 star double hotel room in central Tokyo.. Returned laden with shiny Nikon dSLR bodies and lenses.... Was there again last Christmas, 200 yen to a pound... still relatively cheap... I was planning on going again this spring but unless things reverse themselves looks like I'll be going elsewhere Quote Link to comment Share on other sites More sharing options...
Nick Posted December 3, 2008 Share Posted December 3, 2008 A pint in my local is now 7.54 GBP Giving very serious thought to selling the R34 in Japan/Europe and cashing in on the rate... Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 3, 2008 Author Share Posted December 3, 2008 A pint in my local is now 7.54 GBP Giving very serious thought to selling the R34 in Japan/Europe and cashing in on the rate... WOW, thats expensive! Dont you dare, I would not be able to afford it Quote Link to comment Share on other sites More sharing options...
Jurgen-Jm-Imports Posted December 3, 2008 Share Posted December 3, 2008 the pound is terrible. if i bought my GTR now in Japan for same price i bought in August the GTR would of been £20,140 more just in japan without shipping.. this is crazy and almost unbeliavable. Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 3, 2008 Author Share Posted December 3, 2008 must be killing the import business for you? Quote Link to comment Share on other sites More sharing options...
Jurgen-Jm-Imports Posted December 3, 2008 Share Posted December 3, 2008 must be killing the import business for you? luckily we have 7 fresh cars in stock that we got at a decent rate but they are not sellling fast.. but last week i 2 UK based Imports..which with the way things are going it might be what i have to do:( from now on and also increase on servicing work. Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 3, 2008 Author Share Posted December 3, 2008 luckily we have 7 fresh cars in stock that we got at a decent rate but they are not sellling fast.. but last week i 2 UK based Imports..which with the way things are going it might be what i have to do:( from now on and also increase on servicing work. sad days Quote Link to comment Share on other sites More sharing options...
Jurgen-Jm-Imports Posted December 3, 2008 Share Posted December 3, 2008 sad days needs must Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 3, 2008 Author Share Posted December 3, 2008 needs must yes, and my needs for a new car need to wait as well Quote Link to comment Share on other sites More sharing options...
caseys Posted December 3, 2008 Share Posted December 3, 2008 needs must Sorry I don't mean to pry on the business side of things, but don't you keep an account over there in Japan stuffed full of Yen? That would mean it'd keep you shored up more when currency hits go like this? Or would be akin to investing in the money markets I suppose. If I ran an export business mainly dealing with Yen I'd have thought to have 50% of funds stored in the local currency in a local based business account would be the best bet. Admittedly on the flipside it does leave you exposed if the Yen absolutely crashed, but then there's that sort of risk in any currency. Quote Link to comment Share on other sites More sharing options...
Jurgen-Jm-Imports Posted December 3, 2008 Share Posted December 3, 2008 Sorry I don't mean to pry on the business side of things, but don't you keep an account over there in Japan stuffed full of Yen? That would mean it'd keep you shored up more when currency hits go like this? Or would be akin to investing in the money markets I suppose. If I ran an export business mainly dealing with Yen I'd have thought to have 50% of funds stored in the local currency in a local based business account would be the best bet. Admittedly on the flipside it does leave you exposed if the Yen absolutely crashed, but then there's that sort of risk in any currency. this can go either way and its a lottery thats a risk Quote Link to comment Share on other sites More sharing options...
Pete Posted December 3, 2008 Share Posted December 3, 2008 Horrible isn't the word. I was working out paying my Greek Euro mortgage at 1.40 to the pound. It's 1.16 today. That's a fair increase on my payments. Quote Link to comment Share on other sites More sharing options...
Jurgen-Jm-Imports Posted December 4, 2008 Share Posted December 4, 2008 135 now:( Quote Link to comment Share on other sites More sharing options...
Gaz Walker Posted December 4, 2008 Share Posted December 4, 2008 1.15 Euro, 1.45 dollar and 135 yen - all record lows Quote Link to comment Share on other sites More sharing options...
Jurgen-Jm-Imports Posted December 4, 2008 Share Posted December 4, 2008 how far can it go for the £ to be scrapped ? Quote Link to comment Share on other sites More sharing options...
caseys Posted December 4, 2008 Share Posted December 4, 2008 With the interest drop it can only go lower Bye-bye to my idea of buying a nur-spec exhaust with some of my yearly bonus. I doubt we'd scrap the currency unless we went into a hyper-inflation situation. Shame we aren't pegged! Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 4, 2008 Share Posted December 4, 2008 how far can it go for the £ to be scrapped ? All the way to the floor. Quote Link to comment Share on other sites More sharing options...
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