Quote:
Originally posted by TheRedZone
It's going to go on and on. It's an economic fundamentals thing, not something that will balance out and reach "equilibrium" just because it's moved "enough".
The C$ was sliding for what, 30 years or something? The whole time the pundits were telling us that it would stop/turn around by the "end of next year"
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No, the C$ was not "sliding" for 30 years or "something". Thanks for your brilliant insights. I feel a lot better about the situation now that you have so intelligently stated its an "economic fundamentals thing".
We are looking at historical exchange rates, and how long it took for the rate to change over time.
The only other quick, massive drop over more or less the history of exchange beetween the currency was 86-91 and guess who was the US president at the time?
1986-03-01 1.4009
1991-10-01 1.1279
total change = 0.273
This year;
18 Nov 2002 1.5902
12 Nov 2003 1.2981
total change = 0.2921
It was inconceivable this change would happen so fast, but I can sure as hell tell you the rate won't climb back up this fast. It has a lot more falling to do.