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Originally Posted by Wiirachay
(Post 17657958)
I still remember the days of going to Europe and paying $.90 per Euro back in 2002.
:mad: |
Originally Posted by mlbcard
(Post 17664960)
Yeah, that was great (and when the Canadian dollar was USD 0.60). As a poor college kid, it sure made traveling easier.
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Originally Posted by txrandom
(Post 17660364)
I think he's saying Americans will buy more Canadian goods, which is good for him since he is Canadian. Or at least lives there.
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Originally Posted by slawecki
(Post 17660386)
the currency problem in europe is the over value of the euro(germany excepted). a 10-20% adjustment is needed. in the beginning, the euro was thought to be pegged with the dollar. bushII made adjustments that pushed the euro to unrealistic values.
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Originally Posted by Yaatri
(Post 17665028)
When was that? As for Euro, I remember Euro at 88 cents,
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Originally Posted by Jaimito Cartero
(Post 17665086)
I recall going to Ontario when the CAD was .60 USD. I'd guess 2003 from memory.
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Originally Posted by Jaimito Cartero
(Post 17665086)
I recall going to Ontario when the CAD was .60 USD. I'd guess 2003 from memory.
Originally Posted by Yaatri
(Post 17665149)
Oh wow. Canada has not been on my travel horizon. Good for Canadians.
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Originally Posted by Ancien Maestro
(Post 17665299)
As a Canadian, I don't ever remember the Euro being $0.88 cdn.. but makes sense if the Canadian dollar use to be $0.60 US, and now even par, and the euro currently is $1.38 approximately..
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Originally Posted by Yaatri
(Post 17665488)
I meant 88 US cents. Why can't you guys choose your own unique names such as Pound, Franc, Yen, Yuan, Ringgit, Dinar, Rand or Rupee. There won't be any confusion. ;)
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Originally Posted by FrogProf
(Post 17661735)
I take students to Chile twice per year. During last year's January trip, the exchange rate was reaching a 5-year low ($1=475CLP) and it sure made for a tight budget. Today, the rate ($1=516CLP) is terrific for us and will give us some extra money to spend. So, we're happy!
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Originally Posted by Eastbay1K
(Post 17665577)
It is all relative - it was up to the low $400s a few years ago, after a rise from nearly $750 close to a decade ago. I'm just hoping it stays above $500.
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Originally Posted by Yaatri
(Post 17664916)
Right it's all relative. There is no independent scale on which dollar is climbing or other currencies are declining.
http://goldprice.org/gold-price-hist...ear_gold_price Although obviously one man's "independent" is another man's "speculative investment bubble"... |
Originally Posted by Carolinian
(Post 17659697)
As to the economy, we had a stronger US economy back in the Reagan / Clinton days of a strong dollar policy than in the Bush / Obama days of a weak dollar policy. The weak dollar policy is misguided.
The weaker € favors European exports (because European products are now cheaper on the US market). Conversely, US products are now more expensive for Europeans. In this context, normally I'd say that EU wins (they get to sell more, therefore produce more, therefore have more people employed), but the fact is that the US economy being weaker, there is less demand for EU (or any) products. |
I no longer appreciate the US$...
Haven't for some time already. Gimme Swiss Francs any day of the week! |
as i said, when introduced in 1999, the euro was pegged at about $1.00 us. and allowed to float free. after a short run to about $1.10per, the € dropped as low as $0.85 in '02.
i owned a business that purchased all raw materials in europe. about 3 years ago, i closed the door, as profit was impossible with the expensive euro. as an aside, somewhere in the 80's(i think) the british pound almost reached parity with the us dollar. pound was under $1.05us. wrong. dollar bought £0.77 in 1985. |
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