The miserable US$ to C$ exchange rate

[Maria Divina]

So the smiley face does not translate well into French? I though this was a universal sign?

I was figuring out that you were asking it with big smiles... like when kids do when they really-really want something...

:nod:

But that's fine now, I thought that was surprising, because I did not have the impression of you being the kind to look for any discount of any sorts, with the ladies, I mean... and being usually really respectful of the boundaries, not trying to stretch them.

:angel:

 

[Roadtripr]

Coming from the States for many year. I remember the good old days too... when exchange rates were 1USD=1.20+CAD. Hell, as much as 1.40+. I also remember when US visitors used to get a Tax Rebate on sale taxes and hotel taxes. Sniff... sniff. The great USD to CAD exch made really great MTL restaurants "cheap".

For the most part the reason for the bad USD to CAD is simple. Price of OIL. And the price of oil as it relates to the US Stock Mkt. If the US Stock Markets are UP, more than 90% of the time the USD to CAD exchange rate down. Why? A good US Stock Mkt is perceived by oil speculators as a higher demand for oil and hence a lower USD to CAD exchange rate because of the price of oil.

You will notice that on a given day, if the US Stock Mtk is UP the USD to CAD is DOWN; and the other way around. There is usually an inverse relationship, but once in a while other factors can tip the fluctuation the other way (both UP or both DOWN).

With the US QE3 that someone mentioned in a previous post, the best us poor US visitors can hope for is EVEN rate. If you can accept that EVEN is Good, a swing in the exchange rate of of $3 or $4 below the CAD really is not that significant. So if you spend $2000USD, you are under $80. C'est la vie.

Someone I used to work with used to say, "Can't put a price on a good time". OK. Maybe you can.

 

[Sol Tee Nutz]

I would rather see the Canadian dollar at $0.80. Far better for the Canadian export business which is mostly in eastern Canada.

 

[EagerBeaver]

You got that right, pal. $.965 this morning.

The good news is that since Rumples posted this on 9/14/12, the US dollar to Canadian dollar exchange rate has been slowly rising. This morning it's $.9817, almost two cents higher than it was just 12 days ago when Rumples made the post above. If this trend continues, we could be back to par in 2 weeks.

 

[rumpleforeskiin]

The good news is that since Rumples posted this on 9/14/12, the US dollar to Canadian dollar exchange rate has been slowly rising. This morning it's $.9817, almost two cents higher than it was just 12 days ago when Rumples made the post above. If this trend continues, we could be back to par in 2 weeks.

Let's see, at one cent per week, we'll be back to 1.50$ to the USD about this time next year.

 

[EagerBeaver]

Let's at one cent per week, we'll be back to 1.50$ to the USD about this time next year.

We can only hope, right? I will settle for par in 2 weeks.

 

[rumpleforeskiin]

Another 1/2 cent in just two hours this morning. At this rate, we'll be back at 1.50$ in about two weeks.

 

[EagerBeaver]

The exchange rate has now crept up to $1.00(USD) = .9858 (CDN). It is .041 higher than it was last week and the slow upward rise towards par continues.

 

[Maria Divina]

That could be really nice if American money come was over as it was few years ago...

That's good for all business in Canada.

 

[EagerBeaver]

After a high of .986 last week, the US dollar has slumped back down to .9785 today..........very discouraging.............

 

[Doc Holliday]

After a high of .986 last week, the US dollar has slumped back down to .9785 today..........very discouraging.............

It's only discouraging if you plan on visiting Canada. If you don't, it's business as usual.

But isn't it more of a case of the Canadian dollar getting stronger more than the US dollar 'slumping'? You have to stay positive & give the Canadian economy a little bit of credit. :thumb:

 

[cpp433]

shit $1.50!!! id be able to take trips up every other month if that were the case,, how sweet would that be!

 

[kabukicho]

isnt the CAD economy commodities driven? by chance of what it has in its underground but never touched due to high cost to extract, propped by the energy hungrier world of the past decade, it's been stronger over a 5 yr stretch due in good part to its oilsands, and the US problems due to in good part to USD devaluation.

 

[Gentle]

La meilleure facon de ne pas etre dérangé par le taux de change c'est d'avoir des comptes dans les deux devises en tout temps.

I'd probably stack on yuan too since the Dollar is no longer the only currency for oil.
http://www.examiner.com/article/dol...rrency-as-china-begins-to-sell-oil-using-yuan

 

[EagerBeaver]

I saw the 5 year trend plotted since 2008, and other than a major spike in 2009 when the US Dollar "soared" to over $1.25 CDN, it has been relatively stable and hovering near par the last 3 years.

Yesterday $1.00 US=$0.99 CDN

If you look at the 10 year trend since 2002 and in particular the "Golden Years of Hobbying", aka the "Canada For Sale" era, 2002-2007, you see a much different picture with the US Dollar consistently fetching well over par in Canadian dollars. Go to this graph and click on 10 year trend:

http://ycharts.com/indicators/canadian_dollar_exchange_rate

 

[Roadtripr]

Interesting

Last post to this thead was almost 1 year ago.

Today $1 usd = $1.06+ cad

At high for last 52 weeks.

 

[rumpleforeskiin]

And projected to go to 1.12$ CDN by summer.

 

[Numerati]

I wasn`t in the hobby in its very peak which was around 2002 when the highest was around $1.60 CAD for the USD. Back then the going rate for FKS/Montreal Girlfriends/The companions was $450 CAD for two hours. That would come out to $280 USD. Hilarious to the point of absurd. Yet when Canada around 2002/2003 retrieved its +AAA rating on its bonds, the CAD started to become strong again over the years. Coupled with US fiscal irresponsibility in the 2000s together with the slow upward surge of the CAD, I am surprised that the USD hasn`t even gone lower. The USD only crept up during the financial crisis around the last quarter of 2008 to around March/April 2009 where the range was $1.23 to $1.29. I definitely remember when the USD hit the high of $1.29 in October 2008 since during that week I saw Ophelie, Jezabelle of SD, Chloe (Milan) when she just started working for Chris and Caroline of FKS.

When the USD was extremely strong Montreal had quality women left and right. They were all coming out of the wood work hence all those memorable experiences even up until this day many still write about. It was positive EV all around. It was like you can`t go wrong no matter who you have chosen. Back then there were quality new blood flooding the hobby scene every day/week.

 

[rumpleforeskiin]

I wasn't in the hobby in its very peak which was around 2002 when the highest was around $1.60 CAD for the USD.

I can remember driving to Montreal, checking into the Chablis, having an hour date, driving home and being out $110 US for the day.

When the USD was extremely strong Montreal had quality women left and right. They were all coming out of the wood work hence all those memorable experiences even up until this day many still write about. It was positive EV all around. It was like you can't go wrong no matter who you have chosen. Back then there were quality new blood flooding the hobby scene every day/week.

This is, IMHO, horseshit, channeling EB's silly Golden Age of Hobbying. The young women today are every bit as fetching as they were in 2000. The only real difference between now and then is that DFK was spotty then and CIM almost nonexistent. Both are the order of the day in 2013. There are 3-4 times as many quality agencies working today as there were back then.

 

[Numerati]

LOL. Rumpie, control yourself.