Goldback Exchange Rate Hits All-time High at $5.34: What It Means for You
This month has been nothing short of groundbreaking for Goldback. At the end of August, the exchange rate for one Goldback surpassed $5.20. Earlier this week, it broke $5.30. Today, it has reached an all-time high of $5.34.
This jump in the exchange rate gives Goldbacks a huge boost in purchasing power, especially as other currencies continue to devalue.
Consider this: If you're saving for a down payment on a home, using another currency could mean watching your savings lose value over time due to inflation. But if you save in Goldbacks, your purchasing power would increase as the exchange rate rises. This means you could hit your financial goals much faster!
As the value of Goldbacks continues to grow, we’ve seen more interest in how to use them in daily transactions. Fortunately, our merchant network includes over 2,000 businesses that already accept Goldbacks as a form of payment. And to make transactions even smoother, we've developed a calculator on our website that’s available to both merchants and consumers.
Here’s how the payment process works:
Enter the amount due.
Using the current exchange rate, the calculator will determine how many Goldbacks are due.
Input the number of Goldbacks you’re paying with.
The calculator will determine any remaining balance or change due.
With the exchange rate at record highs—and as inflation persists—Goldbacks continue to be a much more appealing option for both saving and spending.
