Quote:
Originally Posted by Usurper
I get more peds when i deposit.
If i withdraw later when the $ is stronger they have to dish out more since my peds has also increased in value.
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no. the ped is fixed to the $ remember? the exposure to currency fluctuation is yours not
MA's. so what you get in krona (or others in euro or £) is your problem. you deposit in $, you withdraw in $. they dont give you same amount of krona as you deposited.
The only exposure
MA has is when they need to change $ for paying their bills in non $ currency and they also have a problem with their accounts not looking so great as they will be made up in Krona. But these are not our concern.
but then i am making an assumption opposite to others it seems...
Quote:
Originally Posted by A-Bomb
MAs bank account is not holding USD im pretty sure, but the Swedish currency Krona, so its a vulnerable point with these kinds of extreme fluctuations we currently see in the USD.
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i certainly hope deposits are held in $ account, with the operating cash exchanged as required. otherwise they would indeed be massively over exposed given they have a fixed exchange rate.