Montreal Escorts

usd$/loonie

cpp433

Well-Known Member
Jul 2, 2007
999
473
83
any1 know y the rate between the 2 has gone from 1.01 to 1.04 in a matter of 2 or 3 days? doesnt really sound big but i dont think its been as high as 1.04 in well over a year, perhaps even longer
 

Grosbaton

Banned
Oct 11, 2012
264
0
0
the best I can get
Yes your are right the loonie has dropped in the last few days. Here is official Bank of Canada ratings:
Latest USD-CAD rates:


2013-06-21


1 USD noon
1.0387 CAD 1.0470 CAD

1 USD closing
1.0373 CAD 1.0456 CAD

1 CAD noon
0.9627 USD 0.9551 USD

1 CAD closing
0.9640 USD 0.9564 USD

What it means: if you are an american, you can come to visit Canada and pay less for any service you might require.... You get richer.
If you are a canadian. You get poorer especially if, like me, you travel and send money abroad on a regular basis.
This reminds me that former Finance Minister and Premier of Québec Jacques Parizeau once said that an independant Québec could use the US $ as its official currency. Some people thought he was crazy. But look at Panama, that's exactly what they are doing, and it works very well for them.
 

cpp433

Well-Known Member
Jul 2, 2007
999
473
83
we could both win, as long as your canadian dollar is stronger than the currency of the countries you travel to you are still good,, unless you travel to the u.s. of course
 

Mike Mercury

Member
Sep 10, 2005
864
1
18
The third country story is a bit false because the reason Canada has a hard currency exchange rate world wide is because it has a hard currency floating exchange rate with the USA. And the USA currency is traded big time world wide. So if the Canadian currency falls relative to the USA currency it falls with the rest of the world.
 

jjjames

New Member
Sep 21, 2012
34
0
0
It's because we're (US) raising our interest rates from zero, eventually, or so our Federal bank says. Will continue to make the USD stronger relative to those who don't (generally). You can thank or send angry mail to Bernanke for mentioning the end of QE.
 

daydreamer41

Active Member
Feb 9, 2004
2,722
2
36
NY State
Visit site
It's because Bernake announced that some day in the near future, like a year from now, if employment improves, if the US economy doesn't falter, etc., QE X (4? 5?) will be phased out. Because of this statement, and only because of this statement, the US dollar surged.

Sorry, it was a false alarm. Canadian $ will probably go back to par with the US after a few weeks, or maybe a few months, if all is quiet.
 

Roadtripr

Banned
Dec 2, 2008
155
0
0
Yes. Oil is the key to USD/CAD FX rate. Right now 1.0549 usd. It is at 1yr high. Prices at gas pumps here in States is going down. US stock mkt drop last wk on predicted higher interest rates. Usu US stk mkt is down the USD rate goes up. Lower stk mkt is seen as lower demand for oil.
 

upthewest

New Member
Aug 6, 2011
18
0
0
It will be an especially busy tourist season in Montreal with the CA dollar getting weaker and the Euro still strong relative to the US dollar.
 

Roadtripr

Banned
Dec 2, 2008
155
0
0
At 1.05 it really is not that big of a difference. When compare 1.05 with lets say EVEN PAR $1usd=$1 loonie, it really is an extra $50cad on $1000usd not includ exch rate fees.

It is a psychological difference really of getting "more" loonies back. Not like days of 1.20 or 1.40.

Maybe girls will accept usd at EVEN again. They will get lil more even with exchange fees.
 

cpp433

Well-Known Member
Jul 2, 2007
999
473
83
true the 1.05 means nothing as far as more americans coming up north, after the exchange fee it wont really be much more. i know really nothing about currenct but i think money can go up against othercurrencys even if it goes down against others,, some dollars including loonie went down against the us but some went up like australias, so perhaps the loonie can go up against 3rd country money even if it drops against usd
 

tiannas

Relocated
May 24, 2013
742
14
18
46
Las Vegas, NV
I travel frequently to the US and I try not to exchange my money to avoid exchange fees. When I receive US funds from a customer (yes I take it at par), I keep it and spend it in the US. Or it goes into a US dollar bank account.
It seems that most of my life the US dollar has been stronger than the Cdn, I don't know anything about the why and how, but I cant help but think it will be again in the future at some point.
 

Roadtripr

Banned
Dec 2, 2008
155
0
0
FX rates WILL go up or down as compared with other currencies, but on the large scale the US is the largest trading partner with CAN just by virtue of proximity. Throw some oil on a Irving boat and sent it down or send it through the pipeline that can't get approved in US.

The exch with aussies has a much smaller volume impact unless you are trading for Vegemite. Vegemite and smoked meat sandwich, probably not so good.
 

EagerBeaver

Veteran of Misadventures
Jul 11, 2003
19,164
2,466
113
U.S.A.
Visit site
I have the XE Currency App and as of right now, $1.0 USD=$1.0510 CDN. Let's hope it creeps up to about $1.10 or so in the next week. This would be nice. Not the Canada For Sale Days of 2002 when the US Dollar got $1.60 CDN, but after the past few years, we'll take it.
 
Last edited:
Toronto Escorts