History Snapshot: 1 U.S. dollar = 0.95 Canadian dollars
 

I just noticed there was no USD thread in the last couple days ..

here is your reminder :thumbsup



























PS: Go Bush Go!! Bomb Iran!! :warning

did u watch the finacial news on ctv today?

Picture's no better here in the Philippines as well.... :( The dollar crashed through the P43 level. Some economist even predicted a 25:1 exchange rate. Bad for the BPO industry. Bad for the export industry.

I forgot to add this..

http://img88.imageshack.us/img88/3656/graph120jf9.png


pretty downhill, eh? :Oh crap

Posted in another thread - but here it is again....

As of today the UK Pound has the dollar at the weakest in over a quarter century - here's the graph for this year alone -

http://newsimg.bbc.co.uk/media/image...lar_gr_416.gif

you guys should like totally keep Gdub forever and start more wars...:thumbsup

yea you guys keep it up with the bashing...we're the only thing between you & russia/china & a communist regime. Have been for 60 years.

Just consider America that big dumb european bully everyone picks first for the football/rugby team. Everyone hates em, but you can't win without em.

He might also be fucking your sister, but he's the only guy keeping the whole team from gang bangin er :pimp

Poetic...what a wonderful way to describe your own country.

LOL! ha, that is a gem.

wow, the US dollar seems to continue to drop in value more and more each week!! Doesn't look like that will change anytime soon either.

wait till oil gets traded in euro .....

A quick update for you Russia hasn't been communist for over 15 years so you may want to check that.

Looks even more likely by each month...

The concept of "petro-dollars" was just another leeching operation anyway. It's time for the bills to be paid and quit the fantasy.

My bank gives me even worse rates then that :(

Ho Ho Ho

$1 US = 0.9531 CDN :thumbsup

Some Yanks are a little slow on the uptake at times.

Especially when it involves issues outside their own borders. :1orglaugh

I love declining numbers...

Guess my yearly trip to Ireland might cost twice as much. Argggg

BombBombBomb

about how long will it take for the usd to go back up again?

At this point, the Chinese, Saudis, and Russians would be under a lot of pressure to dump their USD holdings.... OUCH

Seriously... hard to say MUNK - only guides are the current overall state of the economy and confidence in future prospects.

At the moment there is much worse on the horizon - we just seen the tip of the iceberg. The home problem will increase and that causes other ripples - partly because the home/construction market comprises around 23-25% of the economy. Just checked comments Robert Schiller made about 72 hours ago, (chief economist at MacroMarkets and a person who forecast this problem years ago) - his comments were that it would get worse and there were no signs of any slowdown or turnabout in the foreseeable future.

In the next 72 hours there is an expected reduction of interest rates by the Fed in an effort to boost the economy, but that also weakens the dollar and there has already been some weaking in anticipation of a Fed announcement.

A positive aspect is that the weak dollar should aid exports - and, to a degree this has happened, but not to a level which would make much difference. (There were extra exports of around $150billion over the last year, but that was literally wiped in just over a week recently when the Fed printed around $80ish billion more fantasy dollars and China dumped around $65 billion in currency.) It takes more serious manufacturing/export ability to sustain that level of loss.

There are other potential external factors which could very seriously blow the whole scenario out of the water for many decades - or forever. One is the possibility of not a petro-dollar, but a euro-dollar. It is estimated that this would place the US in the same economic position as Argentina at it's worst level. Another is if bankers lose more confidence - China can have a massive impact on a hoped US recovery by dumping more of their dollar holdings.

It's a long story where many levels can affect things, but overall, only my :2 cents: (based also on what others more qualified are reporting) is there is little chance of seeing the worst for perhaps 2 years. From that point, it depends on who takes the initiative to get out of the swamp - and, assuming someone will - it's a massive challenge and could not see a full recovery, but maybe over a ten year period, it should stabilize to levels which were common a few years ago, tho the dollar may probably never reach recent levels again, partly due to more external factors and where there is a shift of economic power to nations actually producing wealth (eg Asian and China).

The easy read? :winkwink: Don't hold your breath and hope for a recovery - that is a sure way to commit suicide :):thumbsup

China has been smart with their "dollar judgements" over the last few years $5 - gotta give em credit for being smart-asses :winkwink:

Instead of just dumping - tho they did that recently, they are doing so many trade deals with other nations and as carrots - offering to pay for roads, bridges, whatevers and using dollars as their "aid". In effect, they are 'giving away" dollars, but getting a longer term benefit in return. Sure is better than just dumping dollars - it eases their risk and does not bang the dollar into the ground in the process.

Fed keeps cutting inflation is gonna get nuts in the US. then they are gonna have to raise the rates a lot higher.

They should just leave the rates and let the Housing Market work its way through the mess.

Fuck guys making millions on speculation, banks making money on loans and brokers cashing in for the last 5 years. Somebody made money let them pay. Problem is this gonna hurt a lot of people however I don't think the Euros really care just like the Canadians, prices are gonna go down.

Mmmm.. when it gets to this level, it's very hard to get a balance right. The worst scenario is enable a credit crunch (tho there now is one to a degree and likely to continue) by raising interest rates. That can lead to recession and cause severe damage to many people and industries. At the same time, stuff more liquidity into the market by lowering interest rates and the dollar will drop and imports and oil cost more etc. Either way, it smells a no-win scenario.....

One word.... PayServe

its so fucked up, stop reminding me :(

Sighhhhhhhhhhhhhhhh :(

Exactly, and I don't this will let USD stand on its foot again .. this fall seems avalanche to me ... wars are just another plus.

Good going US, bomb Iran right NOW :thumbsup

hey wait
not so quick
let me dump rest of my US $

Ok, FAST ... and hit me up when you are done, I can't stop myself from pushing this button anymore ...

http://img107.imageshack.us/img107/5...tbuttonta0.jpg


:1orglaugh

I just hope it doesn't drop another 20% next year. Otherwise I might have to either leave this business or move to the US.

:2 cents:

Canada will be dropping intrest rates soon to weaken the CDN dollar. Our exports are getting killed because of the exchange rate.

Why not start working little more harder to keep the pace? And prefer sponsors with euro billing and payouts.

just exchanged and got C $20700 for US $22200
bravo
oh by the way the US is dropping fast now ....hurry up folks

Hi Tranza - Na.. very unlikely it will drop 20% in a year unless an external factor kicks in - and doubt it will. Could it start going near 20%? That's maybe another story and possible.

Seriously suggest you maximize revenue sources in other currencies - eg (a) sponsors who charge and pay in Euros, then (b) sponsors who charge in euros for the EU and dollars for US market. (Don't mean sponsors who charge $29.95 and then just convert that to Euros on a signup page - that means nothing and $29.95 is not even a sane price level in the EU for paysite access - it's giving it away.)

Moving to the US is not a solution - if shit really hits the fan, the US will be the hardest hit and, who knows all the effects, but cost of living will go thru the roof.

BTW - Fed cut interest rate by quarter percent. It's only a stop gap, but more positive than raising it - ie reduces the chance of a credit crunch/inflation/recession kicking in. But.... also weakens the dollar more.

Wow .. $1 USD = 0.943 CAD already ... 1 cent in a day :thumbsup .. keep going lower with this rate and what will happen after 100 days? :Graucho

didnt i say the dollar is gonna drop even more today

H A P P Y
H A L L O W E E N!!!

$1.10 here we come.

LOL. Their currency is (ironically) so Mickey Mouse now its not even funny

Todays' Update:

$1 USD = 0.934

~1 cent drop from yesterday :thumbsup

yeppppppppppppp
didnt i say so?
its gonna drop still further
be aware

It is going to go back up when bush leaves office.

well maybe in Nov 2008, when Bush is on his last legs - FINALLY!

One plus side is, I've been buying all sorts of shit off of ebay from US sellers.
At least this is helping my compulsive spending habits.

:thumbsup

1.0000 Cad = 1.0704 Usd !

Yeah this is horrible.. especially when you run with low margins.. That drop could cut profit by 50-60% for some businesses.

I know it hurts me in Canada..