NationStates Jolt Archive

Just checked Xe.com (had to do some conversions, and noticed that the dollar was at $0.9578!!!!

Holy Crap!:eek:

How'd this happen? When? Why was I not informed?

I can still remember the good old days when the dollar was at $0.62, and that was only four years ago!

I'll tell you what's up:

Black gold, Texas tea, and lots of it...at ever higher prices. Billions in oil wealth flowing in to Canada, pushing up its trade surplus and increasing the value of its currency accordingly.

Indeed. The British pound is worth about 2 US dollars. I suppose I have to grudgingly thank Gordon Brown for that.

I'll tell you what's up:

Black gold, Texas tea, and lots of it...at ever higher prices. Billions in oil wealth flowing in to Canada, pushing up its trade surplus and increasing the value of its currency accordingly.
Now just imagine if we were extracting it efficiently.

I'm waiting now for the Aussie dollar to end up 1:1. Can't be too long now, the trend seems pretty unambiguous.

And it's good news for people who travel! ^_^ at least to nations where your currency used to be worthless...

The weak dollar is why I'm buying lots of stuff from America :D

Lightsaber conversions are cheap :D

With the downturn (slowdown in growth) in the US economy (even though I think it still has a growth rate - go figure) Canada has nudged up against the dollar but I think has still lost value to the rising upswung Euro.

I think that this can only mean good things for US if the dollar reaches parity - forcast to do so by the end of the year - next year or even as late as 2009 --- but none the less expect to see it higher -- and if winter is cold this year it may benifit from heavy natural gas and heating oil usages --- but no idea on this one - I know the summer was forcast hotter so if the median temperature is suppose to balance out to the average it would have to be colder than last year but I wouldn't expect it, nor do I desire it.

I buy a lot products from the US so I like saving a buck or two on my purchases and 5 cents on the dollar is 5$ on the hundred.

I'm on a pretty well set income and am a government recipient of funds not welfare or EI but close enough ODSP. The downturn in manufacturing while in the short term may seem bad I think can only mean good things in the long term - as long as a new industrial focus is made. Let all the unneeded local industries crap out - keep the ones we need, it will benifit the environment - it frees up prime industrial space for retooling and robotics with easier use - meaning more high end high price heavy R&D industries that might be able to compete locally - especially in HIGH tech - especially as the Chinese economies fill and korea taiwan and signapore and japan are at heavy loss for more retain space - india of course also has lots of potential - and cheaper labour. The point was i think that this dollar upswing is really good, it will attract more money. I think that there could be a day that if the Canadian dollar doesn't merge and I think Canadians would consider it --- amercians probably would be less prone - to a new over currency - but I think that the industries are perhaps too weakly tied. I think after a few years around parity it'd be much more likely. But it is hard to beleive the americans or canadians would or be able to abandon their currency - americans especially. As it would likely require the central banks to form some sort of union. I think that a third currency is something to consdier.
BUT yah expect to see if higher if the forecasts are correct.

Also a US pullout in the middle east ---- with unstability.. won't necisarily mean lower oil prices....... but even potentially higher oil prices. although it is mostly a nonfactor imo.

KEEP GOING HIGHER!!!!!! this is only good ------ with the one issue of drifting smog.. but we can only hope that the mexican peso doesn't go up too much... although who wants industrial waste anyway.

Good for imports - bad for export.. good for cash investment ---- which means good for foreign physical high interest bearing investment for banks.

that is development of foreign economies that can later have products sent back here - where they will generate profit. but I am no macroecnomist.

UP UP AND AWAY!!!

It's still worth 255 Zimbabwe dollars. :D

Just checked Xe.com (had to do some conversions, and noticed that the dollar was at $0.9578!!!!

Holy Crap!:eek:

How'd this happen? When? Why was I not informed?

I can still remember the good old days when the dollar was at $0.62, and that was only four years ago!

How is the dollar worth less than a dolllar? I'm confused...

How is the dollar worth less than a dolllar? I'm confused...
Canadian dollar vs. US Dollar

It will be interesting to see how far the dollar goes down. Can't help to think with the dollar going down and potential US exports going up the dollar will slow and probably reverse the trend. Especially if oil falls at some point which will reduce the amount of import dollars.

And it's good news for people who travel! ^_^ at least to nations where your currency used to be worthless...

But bad for exporters, although it will help our trade deficit which seems to have blown out over the past decade or so.

But bad for exporters, although it will help our trade deficit which seems to have blown out over the past decade or so.

Art Vandalet is crying.

Indeed. The British pound is worth about 2 US dollars. I suppose I have to grudgingly thank Gordon Brown for that.

The Bank of England has been keeping the maintaining the pound's superficial "strength" artificially since Churchill. Try comparing the costs for purchasing books on Amazon.com and Amazon.co.uk (even after the shipping charge). I think you'll find that things in America still come more cheaply than things over here.

Art Vandalet is crying.

We all have worked for an offshoot of Vandaley Industries at some point or another haven't we? :D
http://logo.cafepress.com/4/1427404.jpg

A weak dollar will be good for the US. It will help us stop importing as much, and hopefully from the materialistic deluge our country is in. It may even encourage savings, a thing long neglected by the typical American.

I read the CAD is prohected to reach 96 or 97 cents US in September...

The dollar has been falling for a long time. It's been hovering about the £2=$1 for around a month now.

The Bank of England has been keeping the maintaining the pound's superficial "strength" artificially since Churchill. Try comparing the costs for purchasing books on Amazon.com and Amazon.co.uk (even after the shipping charge). I think you'll find that things in America still come more cheaply than things over here.
Also very much to do with the fact that we earn more than you.

$618.07 median weekly wage in the US vs. around $850 (2006 exchange rates) median wage per week in the UK in 2006, and this inequality has become worse in the last 12 months, not least because of the worsening rate of exchange for the US dollar.
The dollar has been falling for a long time. It's been hovering about the £2=$1 for around a month now.
Other way 'round ;)

Other way 'round ;)

Ah, sorry, yes

Also very much to do with the fact that we earn more than you.

$618.07 median weekly wage in the US vs. around $850 (2006 exchange rates) median wage per week in the UK in 2006, and this inequality has become worse in the last 12 months, not least because of the worsening rate of exchange for the US dollar.

Other way 'round ;)

I'm not American. I'm sorry, but the whole "the pound is stronger" thing is more apparent than real. I know from experience that when I've been in America things come cheaper. Usually better things, too. Like, a £300,000 house (probably a bungalow or something) looks like ass next to a Californian domicile of equivelant monetary value.

That's nothing. The NZ$ is worth $0.80US (an all-time high) - and rising. 4 years ago it was $0.39. Hell, just a year ago it was worth $0.61 - a 32% increase in a year.
Why this bothers me a lot is a couple of reasons:
The HK$ is pegged to the US$. Thus my income in NZ$ terms has fallen by almost a 1/3 in the past year.
I'm heading back to NZ soon, and it's gonna really hurt the wallet doing so.
My parents are going through a bad patch and I was going to give them some money to help them out - and because of the rising NZ$ that's also gonna hurt.

bugger.

That's nothing. The NZ$ is worth $0.80US (an all-time high) - and rising. 4 years ago it was $0.39. Hell, just a year ago it was worth $0.61 - a 32% increase in a year.
Why this bothers me a lot is a couple of reasons:
The HK$ is pegged to the US$. Thus my income in NZ$ terms has fallen by almost a 1/3 in the past year.
I'm heading back to NZ soon, and it's gonna really hurt the wallet doing so.
My parents are going through a bad patch and I was going to give them some money to help them out - and because of the rising NZ$ that's also gonna hurt.

bugger.


But me realising that all my inline hockey gear is below half price if I get it from the US makes up for it. It's kind of pissing my sister off though, shes in florida and is paying her NZ credit card debt off with those worthless US dollars..

I'm not American. I'm sorry, but the whole "the pound is stronger" thing is more apparent than real. I know from experience that when I've been in America things come cheaper. Usually better things, too. Like, a £300,000 house (probably a bungalow or something) looks like ass next to a Californian domicile of equivelant monetary value.
Keep in mind also far lower labour costs, material costs, regulation in industry, and also, especially in terms of California, a better climate which makes everything seem better.

In terms of housing, ours is the most expensive in the world due to too little available housing and high land prices.

If the USD downward trend continues, where would you all recommend moving? Canada, UK, a Euro country?

Yeah, but you still go to Indigo and have to pay the stupid Canadian dollar price, like US $9.99 Can $15.00 or something like that. And what's their excuse? "Oh, that's how the publishers sells them to us"

But me realising that all my inline hockey gear is below half price if I get it from the US makes up for it. It's kind of pissing my sister off though, shes in florida and is paying her NZ credit card debt off with those worthless US dollars..

For me it's been great because I've been paying my Mexican peso debt with Canadian dollars. Woohoo!

I can still remember the good old days when the dollar was at $0.62, and that was only four years ago!

I remember the good old days when the dollar was at the toe of my boot, in case I got mugged and needed a taxi to the hospital.

NOTE: This message was sent from the account of the Hobos Union. If received in error, the receiver is explicitly prohibited from reproducing or forwarding it. It does not constitute an authorized statement by the Union, nor the legally binding word of the Union nor of any individual Hobo. It must be destroyed after reading, and not archived nor transmitted nor reproduced, in any way, whether electronic or in any printed form, nor memeicly or pyschically transmitted, nor transported in the toe of anyones boot. Nor may this disclaimer be so archived, transmitted or reproduced.

Just checked Xe.com (had to do some conversions, and noticed that the dollar was at $0.9578!!!!

Holy Crap!:eek:

How'd this happen? When? Why was I not informed?

I can still remember the good old days when the dollar was at $0.62, and that was only four years ago!

:confused::confused::confused:
Excuse me, what dollar and $ are you talking about? US$, Aus$, NZ$, Can$ ?
Because usually 1$=1$, but 1 US$ =/= 1 Aus$...

The CAD was .85 - 1.00 when I went to Vancouver in March.

It was fun because the whole country had a 15% discount...

Not any more. :(

And it's good news for people who travel! ^_^ at least to nations where your currency used to be worthless...

Very bad news for Americans who travel, good news for foreigners who come here.

:confused::confused::confused:
Excuse me, what dollar and $ are you talking about? US$, Aus$, NZ$, Can$ ?
Because usually 1$=1$, but 1 US$ =/= 1 Aus$...
The dollar of The Canadas, as explained earler in the thread ;)

I can still remember the good old days when the dollar was at $0.62, and that was only four years ago!

How I miss that. In 2004 I moved to Sault Sainte Marie, Michigan and I used to go to Sault Sainte Marie, Canada quite often. However, towards the end of my year up there I started going less and less because I didn't want to pay an arm and a leg for poutine. However, I did still go, mainly to appease my Canadian coffee god, Tim Horton.

Very bad news for Americans who travel, good news for foreigners who come here.

Tell me about it. I was going to school in France from February until June, and the exchange rate just tore through my bank account. It made me especially sad considering the exchange rate was almost exactly the opposite (1.30 Euro to dollar rather than 1.30 dollar to Euro) when I lived in Germany in 2002 during the big switch to the Euro.

The only downside to the low US dollar is that the birthday presents from my grandparents don't end up being as much.

Although usually when it's cash I just save it up for whenever I visit anyways.

The dollar of The Canadas, as explained earler in the thread ;)
Aye, It's a good time for me to catch a steam-ship to York via Lower Canada to spend a shilling or two. </joke>

Aye, It's a good time for me to catch a steam-ship to York via Lower Canada to spend a shilling or two. </joke>
I think you mean New Amsterdam, my good sir, unless you mean actual York, in which I have my domicile.

Incidentally, FOR THE EMPAHR!

I think you mean New Amsterdam, my good sir, unless you mean actual York, in which I have my domicile.

Incidentally, FOR THE EMPAHR!

*whispers* Toronto used to be called York *whispers*

*whispers* Toronto used to be called York *whispers*
I was... err... being ironic?

Just checked Xe.com (had to do some conversions, and noticed that the dollar was at $0.9578!!!!

Holy Crap!:eek:

How'd this happen? When? Why was I not informed?

I can still remember the good old days when the dollar was at $0.62, and that was only four years ago!
I remember the good old days when the Canadian dollar was $1.05 US!! :eek:

Very bad news for Americans who travel, good news for foreigners who come here.

Yep! *prepares to have a nice exchange rate for the year abroad*

When we're trading at 1:1 parity with the Belrussian Ruble, we'll know we're really screwed.