PPRuNe Forums - View Single Post - $s slide cutting pay by up to 25% in Middle East
Old 14th Jan 2004, 21:27
  #11 (permalink)  
Kaptin M
Moderate, Modest & Mild.
 
Join Date: Jul 2000
Location: The Global village
Age: 55
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"Aussie Dollar the best performing currency over the past 12 months"
And boy oh boy aren't we Aussies feeling it, being paid in Bush Pesos.
We've seen a 33+% depreciation in OUR BP (USD) salaries.
And the medium term forecast that I received some 12 months ago is running true to forecast..."..expect the USD to decline in strength against most major currencies over the next 2 years"...that is still another 12 moths away .."before levelling off. and starting a slow rise."

Unfortunately, the forecast has proven to be quite accurate

OTOH, I am also able to offer EXTREMELY accurate financial advice to those who want it - Whatever I do, do the opposite for assured financial gain.
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