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How low can the US dollar go? (Part 2)
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Posting Junkie
Join Date: Dec 2000
Location: Caught in a web of deceit.
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Offline
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A little over a year ago, I asked " How low can the US dollar go?". On May 1, 2006, the numbers were:
CAD: $0.899
GBP: $1.829
Euro: $1.262
Yen: $0.00885
Yuan: $0.125
Today (May 31, 2007) they are:
CAD: $0.936
GBP: $1.975
Euro: $1.345
Yen: $0.00822
Yuan: $0.131
The slide continues, except against the Japanese Yen.
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Posting Junkie
Join Date: Jun 2001
Location: Birthplace of the Porterhouse Steak
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I saw we just start using the pound.
From this day forth, my business shall accept payment in British Pounds Sterling as well as in United States Dollars.
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Posting Junkie
Join Date: Jul 2005
Location: Away for Summer
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I've just found some belly-button lint which is worth more than a Yen.
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Straight down I'm swirling around ~ Blinded and bruised by the strain ~ There must be some way to see ~ Diamonds out of the rain
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Posting Junkie
Join Date: Feb 2005
Location: 888500128
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Posting Junkie
Join Date: Jul 2005
Location: Away for Summer
Status:
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Straight down I'm swirling around ~ Blinded and bruised by the strain ~ There must be some way to see ~ Diamonds out of the rain
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Professional Poster
Join Date: Feb 2007
Location: T •
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More like how much lower can the US go in general.
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Professional Poster
Join Date: Mar 2002
Location: Brantford, ON
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There are predictions that the CAD will surpass the USD by years end. Bad for business, great for consumers.
Businesses have been dropping like flies in my city within the past month. A lot happen to be US companies pulling out because of exchange rates, and the poor economical state of the US.
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Addicted to MacNN
Join Date: Mar 2006
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Unless they are also in business. Or employed.
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Professional Poster
Join Date: Mar 2002
Location: Brantford, ON
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Originally Posted by peeb 
Unless they are also in business. Or employed.
No ****. I meant it's good for consumers with disposable incomes who will certainly be taking more trips to the US and buying more merchandise at cheaper prices etc.
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Professional Poster
Join Date: Mar 2002
Location: Brantford, ON
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I for one can't wait to see Apple release new Macs and have them actually be cheaper here than in the US 
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Mac Elite
Join Date: May 2001
Location: type 13 planet
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Originally Posted by analogue SPRINKLES
More like how much lower can the US go in general.
We're taking you with us, Bubba.
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New, Improved and Legal in 50 States
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Senior User
Join Date: Nov 2001
Location: Toronto
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Originally Posted by kmkkid
There are predictions that the CAD will surpass the USD by years end.
I read it will be closer to 2009 that there is parity between US and CDN currency.
What is discouraging for me is the looming rise in interest rates. I've been exploring mortgages as I look towards home ownership and every percent it goes up the worse my options are.
(Last edited by Yose; May 31, 2007 at 02:07 PM
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Yose.
Give me ambiguity or give me something else.
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Professional Poster
Join Date: Mar 2002
Location: Brantford, ON
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Originally Posted by Yose
I read it be closer to 2009 that there is parity between US and CDN currency.
What is discouraging for me is the looming rise in interest rates. I've been exploring mortgages as I look towards home ownership and every percent it goes up the worse my options are.
Ah. My source was my local paper. CBC is probably more accurate  Anyways 4 cents more per dollar is really nothing.
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Posting Junkie
Join Date: Dec 2000
Location: Caught in a web of deceit.
Status:
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Originally Posted by kmkkid
Ah. My source was my local paper. CBC is probably more accurate Anyways 4 cents more per dollar is really nothing.
A 4% drop is pretty significant, over 1 year, esp. since this hasn't been a one time thing. ie. The US$, which was already dropping, dropped another 4% relative to the CAD$ in 1 year. Also, the drop relative to the GBP and Euro was much higher than 4% in the past year.
Originally Posted by kmkkid
I for one can't wait to see Apple release new Macs and have them actually be cheaper here than in the US
Perhaps, but as the drop continues, US component/manufacturing pricing increases. Even the Chinese yuan has risen against the $, and not everything in Macs comes from China either.
For reference, here is the pricing of my May 2006 MacBook.
US$1099 MacBook - CAD$1249 (US$1124, +2.3%)
US$1299 MacBook - CAD$1449 (US$1304, +0.4%)
US$1499 BlacBook - CAD$1649 (US$1484, -1.0%)
The current exchange rate is:
1 US$ = 1.111 CAD$
1 CAD$ = 90¢ US
(Last edited by Eug; May 31, 2007 at 02:31 PM
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Professional Poster
Join Date: Mar 2002
Location: Brantford, ON
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Originally Posted by Eug
A 4% drop is pretty significant, over 1 year, esp. since this hasn't been a one time thing. ie. The US$, which was already dropping, dropped another 4% relative to the CAD$ in 1 year. Also, the drop relative to the GBP and Euro was much higher than 4% in the past year.
Perhaps, as the drop continues. US pricing increases. Even the Chinese yuan has risen against the $, and not everything in Macs comes from China either.
For reference, here is the pricing of my May 2006 Maybook.
What I meant was paying 4 cents on the dollar isn't a big deal to me; if our dollar only reaches 96 this year. Helluva lot better than the 25 cents a few years ago.
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Moderator  Join Date: May 2001
Location: Hilbert space
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I hope quite a bit lower, I get paid in Euros 
It's good for businesses which are into export though …
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I don't suffer from insanity, I enjoy every minute of it.
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Mac Elite
Join Date: Feb 2006
Location: Brooklyn, NY
Status:
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Buy Gold!
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Posting Junkie
Join Date: Dec 1999
Status:
Offline
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But, but, look at the stock market!
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Posting Junkie
Join Date: Dec 2000
Location: Caught in a web of deceit.
Status:
Offline
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Originally Posted by Eug
A little over a year ago, I asked " How low can the US dollar go?". On May 1, 2006, the numbers were:
CAD: $0.899
GBP: $1.829
Euro: $1.262
Yen: $0.00885
Yuan: $0.125
Today (May 31, 2007) they are:
CAD: $0.936
GBP: $1.975
Euro: $1.345
Yen: $0.00822
Yuan: $0.131
The slide continues, except against the Japanese Yen.
June 1, 2007
CAD: $0.943
GBP: $1.98
Euro: $1.344
Yen: $0.00819
Yuan: $0.131
Originally Posted by Yose
I read it will be closer to 2009 that there is parity between US and CDN currency.
Some of the banks are now predicting that the CAD$ will be at par with the US$ by the end of 2007.
I don't quite believe them, but nonetheless that's what some claim.
Originally Posted by Yose
What is discouraging for me is the looming rise in interest rates. I've been exploring mortgages as I look towards home ownership and every percent it goes up the worse my options are.
If you are even the slightest bit considering buying in the next little while, then get pre-approved for a mortgage. They're good for 120 days, don't require any commitments, and don't cost you anything (except a little paperwork).
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Posting Junkie
Join Date: Dec 2000
Location: Caught in a web of deceit.
Status:
Offline
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