Exchange Rate??
- Thread starter CocaCola
- Start date
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.
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!
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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.
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.
breadman said:
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.
EagerBeaver said:
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.
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 
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
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!sexxxymtl said:I would love to see it go back to where it was a few years ago
EagerBeaver said:
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
usd peaked on jan 21, 2002 @ $1.6155.banger said:
well, not for all of us...banger said:Also consider that in the escort industry the "meat"
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