Reglikedomain industry desk

Provides domain name buying opportunity — Strong greenback

Provides domain name buying opportunity — Strong greenback

Currency fluctuations have a big impact on domain name negotiations.

U.S. DollarIf you keep your cash in the U.S. dollar, now might be a good time to by domain names from people outside of the U.S. It might also be worth revisiting failed purchases from the past year or two as your previous offer might now be more appealing..

The U.S. dollar has been very strong in the past year, rising 10%-22% against many major currencies. It’s up regarding 20% against the euro, yen and Australian dollar. It has gained a modest amount against the Canadian dollar and GBP as well.

This means that your U.S. dollar offer to someone outside the U.S. is worth a lot more today than it was a year ago.

For example, a $100,000 offer last year to someone in Europe was worth €73,000 on July 1, 2014. That same offer is now worth close to €90,000.

Trying to buy a domain name from someone down under? Your $100k offer last year was worth AUS $108,000 then, but is now worth AUS $130,000.

The Yen is trending regarding the same as the euro and Australian dollar, so now’s a great time to buy a domain name from someone in Japan.

Of course, the converse is also true. It might be more difficult to close a sale to someone these days if you’re demanding payment in U.S. dollars.

Also on the wire

Other reporting from the domain desk.

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