Cdn Dollar gets pounded
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Vengeance
January 20, 2010, 12:15pm Report to Moderator

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Quoted from TwilightZone
Bugger. I was planning on getting some USD last week for Allentown. Still 2.5 increase isn't that dramatic for the amount of money I'm thinking of taking out.

Duane


Wait, I'm confused, why is this bad?

I mean from a consumer point of view this is good, I just bought $100 in parts from pinball life.  Assuming I got the current exchange rate (which I won't cause banks and CC companies tack on service charges) my order would cost $99.99 CAD.  That seems like a good thing from my side of the view as the consumer.  


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January 20, 2010, 12:28pm Report to Moderator

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Quoted from Vengeance


Wait, I'm confused, why is this bad?

I mean from a consumer point of view this is good, I just bought $100 in parts from pinball life.  Assuming I got the current exchange rate (which I won't cause banks and CC companies tack on service charges) my order would cost $99.99 CAD.  That seems like a good thing from my side of the view as the consumer.  


Wrong way ... If it cost you $100 before now it would cost you $102 or $103


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Vengeance
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Quoted from SquidVicious


Wrong way ... If it cost you $100 before now it would cost you $102 or $103


Ah, explains why I'm confused, I thought it was the CAD that gained the +2.5 not the other way around.  


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Strange basically all english currencies verus the USD any gotten hit as have the  EUR and CHF but for whatever reason the Mexican Peso is basically unchanged as is the Yen


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shoeguy
January 20, 2010, 12:43pm Report to Moderator

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   I was sitting on a chunk of USD and waiting for a day like this. Just got back from the bank!  Trouble was  the day I began this waiting game the CDN dollar was worth less than it is now even after the fall, so I'd have been better to exchange it that day! You really never know where this will swing. Its pure gambling really.


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jonny_eh
January 20, 2010, 2:30pm Report to Moderator

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Ya, if it's so obvious that the US dollar will dive, then why hasn't it dived already? Its current value is just based on perception anyways. If it's so easy to predict currencies/stocks/interest rates etc then why are the experts being paid for their advice? Why don't they just invest and retire as millionaires?


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Vengeance
January 20, 2010, 2:48pm Report to Moderator

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Quoted from jonny_eh
Ya, if it's so obvious that the US dollar will dive, then why hasn't it dived already? Its current value is just based on perception anyways. If it's so easy to predict currencies/stocks/interest rates etc then why are the experts being paid for their advice? Why don't they just invest and retire as millionaires?


Haven't you realized it yet Johnny, this is the internet, no one actually has to have any real proof for anything they say


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January 20, 2010, 3:41pm Report to Moderator

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Quoted from Vengeance


Haven't you realized it yet Johnny, this is the internet, no one actually has to have any real proof for anything they say


Isn't that what Wikipedia is for?  


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