Pierre the Great Posted April 19, 2007 Share Posted April 19, 2007 Pound hits 26-year high vs. dollar http://news.yahoo.com/s/ap/20070418/ap_on_bi_ge/dollar_4 pathetic. Now watch the loonie become equal with the dollar. Quote Link to comment Share on other sites More sharing options...
JMMR Posted April 19, 2007 Share Posted April 19, 2007 I hope so I am planning a few trips to the US this summer. Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 19, 2007 Author Share Posted April 19, 2007 Got to love the British when they come over here. They love (or at least they did until Mr. Danger took over) coming because they can live like kings and queens. Then they go back to their leaky 1 bedroom apartment with no heat in East London. lol We are their Mexico. I hope so I am planning a few trips to the US this summer. It's at 88 or 89 right now. Quote Link to comment Share on other sites More sharing options...
sakiqc Posted April 19, 2007 Share Posted April 19, 2007 That's bad. I'm paid in US$ and I'm reimbursing my student loans in Can$. Means I'll have to work more.. Quote Link to comment Share on other sites More sharing options...
Dutch_Habs_Fan Posted April 19, 2007 Share Posted April 19, 2007 Yeah this means my trip to the states later this year will be cheaper and cheaper!! Very nice! Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 19, 2007 Author Share Posted April 19, 2007 yeah the cheaper it gets the longer you can stay, live like a king in a castle. Quote Link to comment Share on other sites More sharing options...
JLP Posted April 19, 2007 Share Posted April 19, 2007 if it's worthless send it to me, I'll pay for the postage costs! Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 19, 2007 Author Share Posted April 19, 2007 if it's worthless send it to me, I'll pay for the postage costs! :lool: :lool: :lool: 1= 118¥ Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 19, 2007 Author Share Posted April 19, 2007 And the single most important currency for the U.S. Yuang 1 USD= 7.71 Yuang 5 years ago it was at 8.30 look at this chart: http://ichart.finance.yahoo.com/5y?usdcny=x more that line drops the closer the economic doomsday clock for the U.S. gets closer Quote Link to comment Share on other sites More sharing options...
Dutch_Habs_Fan Posted April 19, 2007 Share Posted April 19, 2007 Just think about it, when they invest all that money used for Irak in their own economy. (i know investing in irak is good for a lot of company's related to the war machine, but still a lot goes to waste) Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 19, 2007 Author Share Posted April 19, 2007 bush sent 9 billion over there on a couple planes the it disappeared an bush doesn't know where it is. Quote Link to comment Share on other sites More sharing options...
Dirty Harry Posted April 19, 2007 Share Posted April 19, 2007 For the US it's definitely better for them to have their currency high since they import so much. But they export a lot too, so that will get a boost from a lower currency. The US$ is on a bit of a long term depreciation, one of the driving forces is that a lot of major central banks in the world are diviersifying their reserve currencies away from all USD to include Euro and pounds now that they are viable alternatives (15 years ago the euro didn't exist, and the UK was still recovering from the 70s, now they are both solid). This is putting long term downward pressure on the US$ and driving demand for euros and other currencies. Quote Link to comment Share on other sites More sharing options...
Mont Royale Posted April 19, 2007 Share Posted April 19, 2007 You're not just a pretty face, Dirty Harry! Quote Link to comment Share on other sites More sharing options...
JoeLassister Posted April 19, 2007 Share Posted April 19, 2007 Got to love the British when they come over here. They love (or at least they did until Mr. Danger took over) coming because they can live like kings and queens. Then they go back to their leaky 1 bedroom apartment with no heat in East London. lol We are their Mexico. It's at 88 or 89 right now. April 19th, 10h40 100,00 CAD Canada Dollars = 88,6592 USD États-Unis Dollars 1 CAD = 0,886592 USD 1 USD = 1,12792 CAD It's time to buy some USD !!! Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 19, 2007 Author Share Posted April 19, 2007 For the US it's definitely better for them to have their currency high since they import so much. But they export a lot too, so that will get a boost from a lower currency. The US$ is on a bit of a long term depreciation, one of the driving forces is that a lot of major central banks in the world are diviersifying their reserve currencies away from all USD to include Euro and pounds now that they are viable alternatives (15 years ago the euro didn't exist, and the UK was still recovering from the 70s, now they are both solid). This is putting long term downward pressure on the US$ and driving demand for euros and other currencies. To me the Euro will one day be the 'official' money of the world. Heck that probably will come by 2020. power and influence in the western world is going back to Europe. Quote Link to comment Share on other sites More sharing options...
Jean Posted April 20, 2007 Share Posted April 20, 2007 I think it's just a phase. Canadian dollar used to be at 62-63 UScents and we managed just fine. I think the value of american money will rise once someone who know how to budget gets in the White House. All that reckless spending and rising debt cant be good for the value of american money. Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 20, 2007 Author Share Posted April 20, 2007 I think it's just a phase. Canadian dollar used to be at 62-63 UScents and we managed just fine. I think the value of american money will rise once someone who know how to budget gets in the White House. All that reckless spending and rising debt cant be good for the value of american money. It was at 62 cents because Canada was going through a recession and part of Canada wanted to split from the country. Referendums bring on dramatically weakened canadian dollar. Quote Link to comment Share on other sites More sharing options...
Jean Posted April 21, 2007 Share Posted April 21, 2007 Actually it went down to 62 a few years after the referendum Quote Link to comment Share on other sites More sharing options...
Athlétique.Canadien Posted April 21, 2007 Share Posted April 21, 2007 I want a strong greenback. This is a bummer. Canada's exports will suffer Quote Link to comment Share on other sites More sharing options...
Mont Royale Posted April 21, 2007 Share Posted April 21, 2007 I want a strong greenback. This is a bummer. Canada's exports will suffer Canada's manufacturers relied on the weak dollar for too long, and didn't make the necessary productivity investments as a result. A stronger dollar now gives them more buying power to make those investments, given that they generally come from the U.S. Over time, hopefully our productivity will improve relative to the U.S. Yes, it will be painful for many and fatal for some, but this is overdue. Relying on a weak dollar (and resulting relatively inferior standard of living) is not a good long term plan, IMO. Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 21, 2007 Author Share Posted April 21, 2007 I say yeah I hope the canadian dollar goes above a buck but then I'm on an angry streak at the moment and my anti-american side comes out. I'm going to go hug my pillow talk to my people on the wall. They give me advice on life. ;) Quote Link to comment Share on other sites More sharing options...
Mont Royale Posted April 21, 2007 Share Posted April 21, 2007 I say yeah I hope the canadian dollar goes above a buck but then I'm on an angry streak at the moment and my anti-american side comes out. I'm going to go hug my pillow talk to my people on the wall. They give me advice on life. ;) If the C$ is going above a buck, that's fine, but I'd like it to take a few years to get there... any quicker than that and the shock to the economy might bring about a recession. The economy is still adjusting to the more recent loonie ascension. And, by 'at the moment' did you mean the last year or two? Seems your anti-American side has been out for awhile! Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 21, 2007 Author Share Posted April 21, 2007 I've been in denial for years. It's always been there, just in different forms. lol I'd say the last 7 years I've been like this. Quote Link to comment Share on other sites More sharing options...
Dirty Harry Posted April 21, 2007 Share Posted April 21, 2007 To me the Euro will one day be the 'official' money of the world. Heck that probably will come by 2020. power and influence in the western world is going back to Europe. europe has plenty of it's own problems Quote Link to comment Share on other sites More sharing options...
Pierre the Great Posted April 21, 2007 Author Share Posted April 21, 2007 europe has plenty of it's own problems yeah but its entire economy doesn't depend on an exchange rate with China. USA is like a crack addict, its going to OD sooner or later. Relying on other countries to produce the goods won't work. EU as a whole not the individual countries. Quote Link to comment Share on other sites More sharing options...
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