$500.00 CDN = $521.92 USD
$1.00 USD = $0.9580 CDN
Just sold $500 US and took a $21.92 loss
$1.00 USD = $0.9580 CDN
Just sold $500 US and took a $21.92 loss
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yah were fucked -
i know how you feel .. USD to EURO ... crapComment
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God bless America.Each persons' level of stupidity makes us different.Comment
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this is just the begining of the end...
the end of an empire.. and im glad of that.. little USA is death.
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I'm moving to canada... that's it...
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that sucks man..
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Yep the same here, it's droped 26% since May
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wow.. this sucks.
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JFK are you Canadian? I thought you lived in the USComment
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It cannot be worse than thatBogat mama ala cu loturi de traficComment
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If the devaluation continues, U.S. may become a semi-cheap outsourcing country ... already seen some discussion on GFY about this.
On an aside, the U.S. certainly seems to be more and more of a 2nd world country compared to elsewhere in regards to standard of living and human rights.
My question is how low would the dollar have to go to start global panic? ... seems to me that as long as others keep buying U.S. debt in bulk, these currency drops will be temporary; they have been before. The alternative is far worse - not just for U.S., but for all those who borrowed large amounts, such as as China.
With that said, the day oil and other major commodities are denominated in Euros, etc that's likely the day people will hit the panic button and all hell will break loose - to digress a bit, some speculate one of the primary reasons for the U.S. staying in Iraq and cooperating with Saudi Arabia is to strongly discourage oil producers switching from dollars.
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Yeah, the standard of living in the US is horrible. Not sure about you, but the streets outside my house are paved, and I have an over active fire department and police department who run up and down the streets every time someone gets hurt.
Human rights? Other than the fact that we kill those who kill others.... I can still say what I want to without being sent off prison.Herschel Savage
Brooklyn, NYComment
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Fuck!!!
WGI play with Google.Comment
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Yes, infrastructure is much better than most places, but what good is that when multiple people in a household are having to work 2 and even 3 jobs just to get by.
Don't tase me bro!
Yes, freedom of speech is alive and well for those with the funds to buy it - but for the majority, it's keep one's mouth shut under penality of arrest - heck at many public events where people used to be able to speak out freely, they are now relegated to a small caged "free speech zone" tucked away in some far flung, unseen place.
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Lol, which century do you live man. Streets are paved pretty much anywhere in the world except Africa!
LOL!!!
Don't get me wrong, I lived in the US 2 times before (1 time in Raliegh North Carolina for almost 2 years when I was a kid, and 1 time in Atlanta for just over 6 months). I love the US, but there are a lot of countries out there are way more advanced then the US.I'm just a newbie.Comment
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and I have bad news for you: it will drop even more
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oh snapz..Compound interest.Comment
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ya well blame it on Bush, and blame everything else on him also cuz im sure he had something to do with it
ant wait for the electionsComment
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hmm I'm going to St. Maarten and they use USD should I wait or go get some funds??Odie
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Fuck bush hard.Comment
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its easy vote in Ron Paul. No more wars, no more debt, no more borrowing. Dollar will rocket, even if we go back to the gold standard. No other candidate on either side will end these wars in the next term (4 years)
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yea it sucks..
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$ or € could both be in the toilet if this credit crunch continues.
We could all be using Yen or the RNB from China
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US$ will never crash as it's a universal currency unless there is a WW3...
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This comment hits the nail on the head. It's all about the ebb and flow. Pure economics. A few years ago it was incredibly cheap to go to England...and people from the US went there in droves. Now the tables have turned and it is the other way around. This is how economics works...nothing is ever stable. When people see that US products are cheap, they will buy them...driving up the price...and then things change again.
There is nothing at all to worry about...the only "constant" is "change".Sig too big
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Yes, yes it does
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Been sinking like a rock against the Philippine Peso as well....
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What will happen when it reaches it's max?Comment
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sucks sucks sucks
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so how low is this bloody thing going to get in coming months
i have already lost over 20 k.......and am losing sleep now
what to do?
xchange it all now or wait for a year although honestly i think US $ is history now and will drop by another 10%Comment
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Would think a credit crunch will start Coatsy (tho it appears this has already started). Only my
- it may be the start of the "cure", but probably going to have fairly severe effects - and may not actually help the situation. (Eg less money floating in the hands of the public and govt - and that can ripple thru to suspension/cancellation of projects, hits on the retail industry, further mortgage problems and an increase in unemployment etc).
The signs of this are continuing - almost on a daily basis eg - in the last 24 hours one finance operation just admitted a drop in their asset value to the tune of $8 billion (probably prudent to say now cos they are most likely going to lose more in the future.)
China is obviously a major "banker" and not sure you may have noticed - they are playing smarty pants with their dollar holdings. They already dumped around $60-80 billion recently, but - kinda smart move - they are "giving away" dollars to other countries for specific projects - all with a view to enhancing trading relationships - $50mill here, $150mill there etc. It's one way of avoiding damage to the dollar by just dumping dollar assets, plus getting a positive benefit in return.
A credit crunch would prob pressure the Fed to print more fantasy dollars and keep liquidity in banks (they dumped around $80-90billion a few weeks back to keep the banks afloat and liquid) while the dollar will continue to depreciate - and until confidence drops thru the floor. It always seems to take longer for the shit to hit the wall, but the writing is already there.
From your angle in the UK - it would not be a surprise to be selling monthly paysite memberships for 9.95 GBP (dollar equivalent) soon - and getting the an awesome 5 GBP for your efforts. At least it might just buy a packet of cigarettes
Can see more adult transactions being done in Euros or a more stable currency - the companies already doing this have a positive future. The "nice price" marketing will go out the window, but this would be universally beneficial to both international webmasters and those in the US. Don't think either of us are going to bother getting out of bed to work for dollars soon
Last edited by GreyWolf; 10-26-2007, 05:34 PM.Comment
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that's better than the exchange rate I got last week from my bank ($1 USD = $0.9450 CDN)
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