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Thread: Exchange Rate??

  1. #1

    Exchange Rate??

    Whats been happening with it? Is it favorable again for the US? If so why?

  2. #2
    The exchange rate fluctuates all the time. Due to the drop in crude oil (Canada's oil fields are a huge money maker for our economy) and other factors, your US greenback is going much farther. $1 US = $1.24 Canadian at the bank as of close on Friday. Hope this helps.

  3. #3
    Quote Originally Posted by link72
    The exchange rate fluctuates all the time. Due to the drop in crude oil (Canada's oil fields are a huge money maker for our economy) and other factors, your US greenback is going much farther. $1 US = $1.24 Canadian at the bank as of close on Friday. Hope this helps.
    But how long with this dip in value last? Hopefully not too long!

  4. #4
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    Quote Originally Posted by link72
    $1 US = $1.24 Canadian at the bank as of close on Friday. Hope this helps.
    http://forex.tradingcharts.com/quotes/ (real time quotes)

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    Quote Originally Posted by CocaCola
    Whats been happening with it? Is it favorable again for the US? If so why?
    here's a project for you...

    chart all the major worldwide stock market indexes from 1981 until now. then ask yourself which market looks the most stable... this is why the usd is strong in times like these.

  6. #6
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    For the US-based hobbyists the cost of an encounter has falled by 30% in US dollar terms compared to this time last year when the US dollar was at its lowest. This brings in more US hobbyists to Canada spending their money on Canadian goods and services. The Canadian Govt would scarcely admit it but the balance of trade in Escorting and other services must be significantly in Canada's favor. What's more Montreal seems to have an inexhaustable supply of this natural resource!
    Last edited by saturiasis; 10-27-2008 at 01:32 PM.

  7. #7
    Exchange rate to the USD is now 1.29 cad and .79 euro's (1 euro for 1.25 usd). Its now 62.50 for a half hour in Germany...138 for an hour in montreal.

    But in places like Costa Rica, where the girls negotiate in USD's (although you pay in costa rican currency) your actually at a disadvantage.

  8. #8
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    Quote Originally Posted by breadman
    Exchange rate to the USD is now 1.29 cad
    Pretty amazing that the value of the loonie is sinking like an anchor as compared to the USD, when you consider where our economy is right now and when you also consider the loonie was worth more than the USD not so long ago.

  9. #9
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    Quote Originally Posted by EagerBeaver
    Pretty amazing that the value of the loonie is sinking like an anchor as compared to the USD, when you consider where our economy is right now and when you also consider the loonie was worth more than the USD not so long ago.
    That's because the price of crude oil has been steadily dropping over the past few weeks. The higher the price of crude oil, the more the Canadian dollar will increase. The lower the price, the more it will go down. Canada is the largest exporter of oil to the US & when oil prices went sky-high over the past year, so did the Canadian dollar.

  10. #10
    My portfolio is falling and US dollar is raising. My wealth in Canadian dollars is almost the same. This makes me happy in rather depressing times

  11. #11
    Guess who's back to play! sexxxymtl's Avatar
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    Well finally it is going back up. I would think that is a good thing for Americans coming here to visit us. I as well as a few friends bought us funds when they were at par with the Canadian dollar. I have to say that this had to be the best investment I have ever made. I would love to see it go back to where it was a few years ago Gas would be cheaper and my US money would be worth more
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  12. #12
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    Quote Originally Posted by sexxxymtl
    I would love to see it go back to where it was a few years ago Gas would be cheaper and my US money would be worth more
    Be careful what you wish for. Unemployed people usually don't make good hobbyists. The economy is on its way down both in Canada & the US & there's no rainbow in sight. Heck, maybe you'll even see former hobbyists join agencies & offer themselves on the market!

  13. #13
    Quote Originally Posted by EagerBeaver
    Pretty amazing that the value of the loonie is sinking like an anchor as compared to the USD, when you consider where our economy is right now and when you also consider the loonie was worth more than the USD not so long ago.
    The move in the dollar vs loonie is driven by world recession concerns and implications of one on comodity prices. In the last US recession in 2001 I think oil went down to like 16 dollars a barrel and the US/Cad exchange rate went to 1.5.

    Short-term there is a flight to quality into dollar currencies worldwide....
    The dollar has moved 10-15% vs all major and emerging market currencies except for the Yen just in OCT!!

    The impact on tourism, especially to montreal should be positive but limited considering that the US consumer is not spending...

    Also consider that in the escort industry the "meat" of the business is in the 40-55 clientel and those clients have just seen their retirement savings go down by 40% and its still falling....

    Banger
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    Quote Originally Posted by banger
    The move in the dollar vs loonie is driven by world recession concerns and implications of one on comodity prices. In the last US recession in 2001 I think oil went down to like 16 dollars a barrel and the US/Cad exchange rate went to 1.5.
    usd peaked on jan 21, 2002 @ $1.6155.
    Quote Originally Posted by banger
    Also consider that in the escort industry the "meat" of the business is in the 40-55 clientel and those clients have just seen their retirement savings go down by 40% and its still falling....
    well, not for all of us...

  15. #15
    "@ $1.6155." ,, that would b fuckin sweet!!

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