Quote:
Originally posted by Tempest
So it was bugging me about what's "caused" this drop in the exchange rate.. so I just grabbed the exchange rates since Jan 2000 ($1.45) ... the rate was going up slightly.. 9/11 ($1.56) happened and there wasn't even a dip.. nada.. nice and steady.. a dip around Jul/02 but it gets back up to about the same level.. then.. Jan 28,2003 ($1.54) Bush does state of the union address where he says he's ready to attack Iraq without a UN mandate... the exchange rate starts to head down a bit.. sort of hard to tell for sure.. But war starts Mar 20th ($1.47) and the exchange heads on down "end of major combat" May 1 ($1.42) until about Mid June 20 ($1.34). Gone up and down a bit from there..
Data exchange rates I used were actually higher than what one would get at the bank.
I don't know.. When you see the graph over the last 3.5 years it seems pretty obvious that the war triggered the drop.
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Do an overly graph of the exchange rate of CAD/USD against the cost of light crude oil per barrel at the same time...
... and then check up on how much trade we do with the US in natural resources.
