US/Canada exchange rate is awful. - GoFuckYourself.com

Brad-Wishing · 11-14-2003, 11:51 AM

Damn! The US/Canadian exchange rate is pitiful. $1.30 CDN for each usd. I have never seen it so bad.

The Canadian government also claims that it is doing everything in its power to ensure we NEVER see $1.60 exchange again.

I thought it was fantastic for the economy. It allows more US business through the border when they can get product cheaper. I mean seriously - I thought it was a good thing all around.

I wonder why it slipped so badly and if it will go back up again.

sherie · 11-14-2003, 11:56 AM

You wonder why it slipped? Here's a two word answer for ya - BUSH - WAR!

the Shemp · 11-14-2003, 12:00 PM

There is very little Canada can do to make any major adjustments in the C$. The US Dollar has been taking an asskicking on world money markets and other currencies have gained in value over the past few months.

Keep your cash in the US and draw out the bare minimum.

Brad-Wishing · 11-14-2003, 12:02 PM

The euro has gained a LOT. I bet they are liking that.

Dildozer · 11-14-2003, 12:05 PM

The thing is, it suits the US economy right now. With a currency that weak, exports are rocking

webgurl · 11-14-2003, 12:06 PM

Brad, you think thats bad ??? It was 1.28 just on Monday !!
Grrrr

bogo · 11-14-2003, 12:06 PM

what goes up must come down

loverboy · 11-14-2003, 12:07 PM

Quote:

Originally posted by sherie
You wonder why it slipped? Here's a two word answer for ya - BUSH - WAR!

what she said.

as long as the Mid-East crisis is left unresolved, it will again slip.

notjoe · 11-14-2003, 12:09 PM

Quote:

Originally posted by Brad-Wishing
Damn! The US/Canadian exchange rate is pitiful. $1.30 CDN for each usd. I have never seen it so bad.

The Canadian government also claims that it is doing everything in its power to ensure we NEVER see $1.60 exchange again.

I thought it was fantastic for the economy. It allows more US business through the border when they can get product cheaper. I mean seriously - I thought it was a good thing all around.

I wonder why it slipped so badly and if it will go back up again.

It's only going to get worse and if they dont take this shit and get it under control it'll fuck up our entire export business.

The Gov't needs to drop the rates to bring the dollar back down to something useful. It fucking sucks to lose 20%+ of your networth (assuming you keep it in USD)

TheRedZone · 11-14-2003, 12:09 PM

It's not just the rate, but the fact that it's changing so fast.

Business decisions I made a year ago are barely profitable now;
The Wife (earns US$) has had a >20% pay cut in the past 4 months.

On the other hand, rooms in Vegas are starting to look affordable again.

Either way, it's not the rate that kills you, it's the rate of change that will truly fuck you up. It creates an unstable business environment.

Brad-Wishing · 11-14-2003, 12:09 PM

Quote:

Originally posted by webgurl
Brad, you think thats bad ??? It was 1.28 just on Monday !!
Grrrr

Damn - I didn't see that. That's awful.
The good news is though that they will never be level again like the 1980s was.

qwe · 11-14-2003, 12:10 PM

ya sux...
i remember a while ago depositing $2000 checks and getting $3000+ for it, now it's like $2580, $500 loss..

infectd · 11-14-2003, 12:19 PM

Yeah dont we all miss the days..

Elli · 11-14-2003, 12:19 PM

Yep, I've lost more money this way lately.. arg.

An expert on the radio the other day said that the Canadian dollar is reactionary to the US dollar, BUT it's on a year or so lag. So the dollar now is in reaction to last year's US dollar. We've yet to see what the newest round of devaluation will do.

They're also saying Bush is doing it to cut his debts. If he owes less in US dollars, then it appears that he's reduced the country's deficit. Something like that, anyway.

Odie · 11-14-2003, 12:32 PM

Quote:

Originally posted by sherie
You wonder why it slipped? Here's a two word answer for ya - BUSH - WAR!

Sherie u always know how to make me laugh!!!

Suckitbitch · 11-14-2003, 02:09 PM

Quote:

Originally posted by Elli
Yep, I've lost more money this way lately.. arg.

An expert on the radio the other day said that the Canadian dollar is reactionary to the US dollar, BUT it's on a year or so lag. So the dollar now is in reaction to last year's US dollar. We've yet to see what the newest round of devaluation will do.

They're also saying Bush is doing it to cut his debts. If he owes less in US dollars, then it appears that he's reduced the country's deficit. Something like that, anyway.

No radio or mainstream financial media flopdick can account for this year's drop in exchange rates.

This year was the biggest drop ever. Going back over the entire history of the exchange rate, this type of change, upwards or downwards has never happened, it takes at least 7-10 years to acheive.

This kind of drop was considered implausible up until now. So now that all traditional forcasting is useless, what do you think will happen over the next 6 months?

Libertine · 11-14-2003, 02:13 PM

Quote:

Originally posted by Brad-Wishing
The euro has gained a LOT. I bet they are liking that.

Yeah, I just love making more USD than ever yet making less euro's than before

sherie · 11-14-2003, 02:14 PM

Quote:

Originally posted by Odie

Sherie u always know how to make me laugh!!!

I do what I can sugar!

sperbonzo · 11-14-2003, 02:18 PM

Unfortunately (if your perspective is anti-Bush), this is VERY good for the US exports. Our trade deficits have gotten MUCH better in the last quarter. I'm just hoping that the dollar STAYS weak for a while so that exports will stay strong. That will contribute nicely to a better job market in the US by the second quarter of '04

TheRedZone · 11-14-2003, 02:24 PM

Quote:

Originally posted by Suckitbitch

No radio or mainstream financial media flopdick can account for this year's drop in exchange rates.

This year was the biggest drop ever. Going back over the entire history of the exchange rate, this type of change, upwards or downwards has never happened, it takes at least 7-10 years to acheive.

This kind of drop was considered implausible up until now. So now that all traditional forcasting is useless, what do you think will happen over the next 6 months?

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"

Suckitbitch · 11-14-2003, 02:55 PM

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"

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.

JFK · 11-14-2003, 02:59 PM

This 30% pay cut sucks big time

CAHEK · 11-14-2003, 03:04 PM

i'm loosing money

Mike AI · 11-14-2003, 03:09 PM

The dollar is PURPOSELY being devalued by the US. It has nothing to do with war....

The Gov't is doing it to make US exports cheaper, hence more people buying our stuff to help our economy. That is why they keep printing more and more money.

It is one thing I do not agree with, markets should determine the value of the dollar.

TheRedZone · 11-14-2003, 07:28 PM

Quote:

Originally posted by Suckitbitch

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".

Thanks for the insults, maybe you should try a midol.
I'd also thank you for your "brilliant" insights but I didn't see any.

I'm not disagreeing with you in any way, I was just trying to say that I think the C$ will continue to rise for quite some time. Just like it fell for something like 30 years straight.

In 1972 I was buying shit out of the back of comic books and getting $1.10 US for my $1 Canadian. Since you've got the historical rates at your fingertips, why don't you show us any 36 month period in the past 30 years where the C$ actually rose against the US$? Excluding the last 6 months of course...

:-| · 11-14-2003, 07:35 PM

i want the aud higher then the usd again so america cant make war

Mr.Fiction · 11-14-2003, 07:41 PM

Quote:

Originally posted by sperbonzo
Unfortunately (if your perspective is anti-Bush), this is VERY good for the US exports. Our trade deficits have gotten MUCH better in the last quarter. I'm just hoping that the dollar STAYS weak for a while so that exports will stay strong. That will contribute nicely to a better job market in the US by the second quarter of '04

Mexico's money is worth even less than U.S. money, so their president must be doing an even better job than Bush.

It's funny how people try to spin Bush fuck ups into good news.

Then the dollars is worth less than the Euro, it is not a good sign for America.

If Bush gets four more years, we're really fucked.

Smokey The Bear · 11-14-2003, 07:47 PM

Actually the canadian dollar rose yesterday, and they are doing everything possible to KEEP it from going up as it makes inflation terrible and it makes our exports more expensive. I will agree it sure hurts when your getting paid in american dollars, but i assure you your better off it staying low because when the canadian dollar rises the cost of inflation increases faster than the dollar does.

And as someone pointed out the rise in the looney a few months ago was because of the american keeping their dollar artificially low. A lesson the canadian government needs to learn faster.

A lesson in economics.

11-14-2003, 11:51 AM	#1
Brad-Wishing Confirmed User Join Date: Oct 2003 Posts: 2,415	US/Canada exchange rate is awful. Damn! The US/Canadian exchange rate is pitiful. $1.30 CDN for each usd. I have never seen it so bad. The Canadian government also claims that it is doing everything in its power to ensure we NEVER see $1.60 exchange again. I thought it was fantastic for the economy. It allows more US business through the border when they can get product cheaper. I mean seriously - I thought it was a good thing all around. I wonder why it slipped so badly and if it will go back up again. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

11-14-2003, 11:56 AM	#2
sherie Confirmed User Join Date: Feb 2002 Posts: 7,020	You wonder why it slipped? Here's a two word answer for ya - BUSH - WAR! __________________ AIM sherierocks ICQ 127-296-286 Skype traffichor

11-14-2003, 12:00 PM	#3
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,891	There is very little Canada can do to make any major adjustments in the C$. The US Dollar has been taking an asskicking on world money markets and other currencies have gained in value over the past few months. Keep your cash in the US and draw out the bare minimum. __________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

11-14-2003, 12:02 PM	#4
Brad-Wishing Confirmed User Join Date: Oct 2003 Posts: 2,415	The euro has gained a LOT. I bet they are liking that. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

11-14-2003, 12:05 PM	#5
Dildozer Confirmed User Join Date: Jul 2002 Location: Montreal Posts: 7,519	The thing is, it suits the US economy right now. With a currency that weak, exports are rocking __________________ Spam link here

11-14-2003, 12:06 PM	#6
webgurl Confirmed User Join Date: Aug 2002 Location: Clouds with Carebears Posts: 7,954	Brad, you think thats bad ??? It was 1.28 just on Monday !! Grrrr

11-14-2003, 12:06 PM	#7
bogo Confirmed User Industry Role: Join Date: Jun 2002 Posts: 1,982	what goes up must come down

11-14-2003, 12:09 PM	#10
TheRedZone Confirmed User Join Date: Jan 2003 Location: Hanging on your every word... Posts: 147	It's not just the rate, but the fact that it's changing so fast. Business decisions I made a year ago are barely profitable now; The Wife (earns US$) has had a >20% pay cut in the past 4 months. On the other hand, rooms in Vegas are starting to look affordable again. Either way, it's not the rate that kills you, it's the rate of change that will truly fuck you up. It creates an unstable business environment. __________________ My IQ is higher than my postcount, but it hasn't really helped me that much....

11-14-2003, 12:10 PM	#12
qwe Confirmed User Join Date: Jul 2003 Posts: 2,109	ya sux... i remember a while ago depositing $2000 checks and getting $3000+ for it, now it's like $2580, $500 loss..

11-14-2003, 12:19 PM	#13
infectd Confirmed User Join Date: Dec 2002 Location: Canerda Posts: 1,122	Yeah dont we all miss the days..

11-14-2003, 12:19 PM	#14
Elli Reach for those stars! Industry Role: Join Date: Apr 2003 Location: Vancouver, BC Posts: 17,991	Yep, I've lost more money this way lately.. arg. An expert on the radio the other day said that the Canadian dollar is reactionary to the US dollar, BUT it's on a year or so lag. So the dollar now is in reaction to last year's US dollar. We've yet to see what the newest round of devaluation will do. They're also saying Bush is doing it to cut his debts. If he owes less in US dollars, then it appears that he's reduced the country's deficit. Something like that, anyway. __________________ email: [email protected]

11-14-2003, 02:18 PM	#19
sperbonzo I'd rather be on my boat. Industry Role: Join Date: May 2003 Location: Miami, FL Posts: 9,748	Unfortunately (if your perspective is anti-Bush), this is VERY good for the US exports. Our trade deficits have gotten MUCH better in the last quarter. I'm just hoping that the dollar STAYS weak for a while so that exports will stay strong. That will contribute nicely to a better job market in the US by the second quarter of '04

11-14-2003, 02:59 PM	#22
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	This 30% pay cut sucks big time __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

11-14-2003, 03:04 PM	#23
CAHEK C.C.C.P. Industry Role: Join Date: Aug 2003 Location: Novorossiya Posts: 7,047	i'm loosing money __________________ Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

11-14-2003, 03:09 PM	#24
Mike AI Confirmed User Join Date: Jan 2001 Location: Elysian Fields Posts: 3,624	The dollar is PURPOSELY being devalued by the US. It has nothing to do with war.... The Gov't is doing it to make US exports cheaper, hence more people buying our stuff to help our economy. That is why they keep printing more and more money. It is one thing I do not agree with, markets should determine the value of the dollar. __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

11-14-2003, 07:35 PM	#26
:-\| So Fucking Banned Join Date: Nov 2003 Posts: 13	i want the aud higher then the usd again so america cant make war

11-14-2003, 07:47 PM	#28
Smokey The Bear So Fucking Banned Join Date: Oct 2003 Location: In my house Posts: 786	Actually the canadian dollar rose yesterday, and they are doing everything possible to KEEP it from going up as it makes inflation terrible and it makes our exports more expensive. I will agree it sure hurts when your getting paid in american dollars, but i assure you your better off it staying low because when the canadian dollar rises the cost of inflation increases faster than the dollar does. And as someone pointed out the rise in the looney a few months ago was because of the american keeping their dollar artificially low. A lesson the canadian government needs to learn faster. A lesson in economics.