Tech Productivity

Just checked XE for today’s dollar value :

1 US $ = INR 42.83

GBP is almost double than US $. Good to see stable rising of US dollar value. Waiting to see it touch equal to INR 45.

VOIP hasn’t been that cheap as i thought. VOIP has been cheaper only for calling to those places which are popular, like USA, UK, etc. I want to find cheap calls to Gulf and i find nowhere cheap VOIP calls. Its approximately US $ 0.25/min every where (INR 10) and i am a regular caller to gulf. Even skype is costly to call to oman. I need some special gulf concentrated VOIP service which can be around 10 US cents max. Any suggestions ?

Note : I reside in India.

Dollar is still rising further by few pennies every day.

Today, 1 US $ = INR 42.6

My dream of US $ touching 45 INR isn’t much farther and possibly it will be INR 45 = 1 US $ in about a month if it continues to rise at this pace. Certainly good news for Indian exporters and Indian webmasters. Exporters will be at least benefit by 5-6% with this rise. I still remember the doom day for dollar when it fell by 10 % in a short period of time and proportionally the Indian exporters profit margin was also white washed.

I always smile when dollar value rises. Today i saw at Xe.com that dollar was :

$ 1 = INR 42.02

These are good news for webmasters residing in non-US countries like India, Australia, etc. More good news for webmasters living in developing nations whose currency value is low. At the same time, crude oil is touching $126-128/barrel. Pretty bad news. The dollar is strengthening but crude oil is further getting costlier. I don’t see $200/barrel days much far. Even 1 US $ = INR 45 , days are not much far if dollar keeps climbing this way. I suppose US is recovering from financial crisis that it was recently hit by.

Dollar recently touched a new height. It’s value is gradually rising and is up by 4%. This does make an effect on huge foreign transactions. Last height i saw was :

1 US $ =  INR 41.76

I wish it gets to INR 45 as it was 3 years back.  I still have the nostalgia when it was 1 US$ = INR 50 . Developing countries especially will benefit by exports if dollar value rises.

Days are not far where crude oil may touch $200 per barrel. The international oil demand is rising and upon that political instability in OPEC”s and weakening US dollar. Oil doesn’t only come from middle east. It comes from even Algeria, Nigeria, Venezuela, etc. Even if these non-middle east countries stop oil drilling, crude oil will touch min. $250/barrel ! The situation is such that Europe and US is forcing these countries to drill more oil field so that oil rates go down. You can’t fool the world by drilling more oil fields and reducing the per barrel oil prices. This is what US wants Algeria to do but Algeria is against this policy. There needs to be a balance between supply and demand. Now even workers at oil fields are demanding more wages. It makes the overall conditions quiet difficult.

We badly need an alternative to this. Maybe bio-diesel.

Dollar past 2-3 days is seeing northward graph, although its only by small margin, but drop by drop can fill the bucket. Today’s value :

1 US $ = INR 40.44

1 US $ = EURO 0.639

1 US $ = GBP 0.503

5 % growth of dollar value would be nice enough. Bad luck that US is hit by sub-prime crisis lately and recession spreading at fast pace. If you read ‘employment news’, you would have known th job cuts that have taken place in past 3 months.

It seems the dollar value is a bit higher today.

1 US $ = INR 40.44

In Xe.com, its 1 US $ = INR 40.32

1 US $ = EURO 0.642

1 US $ = GBP 0.508

It’s good to see these figures sometimes. I wish US $ goes back to as it was 2 years back, something about 1 US $ = ~ INR 45. Dollar value has decreased by 40 % in last 5 years ! This badly affects crude oil prices.

Dollar is crushing like anything after financial crisis and recession prevailing in US currently. This has raised the value of Euro at record high against dollar. It went as high as $1.5969 = 1 Euro. Dollar hitting hard. This rise was short lived and also due to inflation soaring in EU nations. Similar situation in India too. This attracts 15 nations (EU) travelers to flock to wards US for more holiday trips. 1 GBP nearing $2. But this is pain for exporters of EU nations.

Iranian president Mahmoud Ahmedinejad has urged OPEC (Organization of petroleum exporting countries), i.e it has urged countries producing crude oil like Kuwait, Oman, Venezuela, Saudi Arabia to stop exporting crude oil in dollar currency and instead have some other joint currency among themselves.

For this purpose, Iranian president also hold a useless meeting (to be frank, you know that it isn’t be anything fruitful- read further to know why) with Gen. secretary of OPEC regarding this matter. OK, the meeting was held with formalities. But results ? No use of holding such meeting when you know that other countries aren’t going to even read this news.

But there is something worth noticing. The president says that depreciating value of dollar in international market is affecting the crude oil reserves badly. That’s something quite true. Why should world suffer because of this problem. Instead they should have a stable currency that could maintain its value. We don’t urge for any new currency notes but some other alternative because we don’t want any more new currencies. Maybe You or I can say that Omani rials of Saudi riyals can work. Maybe….But at least the president has  got a point here which is worth considering.

That’s a different matter that middle east oil producing countries won’t accept this. S. Arabia and Kuwait Will definitely not because America is strong ally of S.Arabia and most of Kuwait oil fields are under US hands So there are no chances that this can be implemented. Maybe if other countries find this more profiting like Venezuela or Oman, then they can go for this step. It surely is a concerning matter that dollar prices affect the precious oil reserves.

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