Exchange rate
Feb 6th 2009, 11:05 am
#1982
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Joined: Nov 2006
Location: Nusajaya
Posts: 2,327
Re: Exchange rate
One more thing.... the 2000th post is due soon on this thread. Quite a milestone.... I vote Cneldred should have the honour..... any takers?
Feb 6th 2009, 6:51 pm
#1983
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Joined: Nov 2007
Location: Abbotsford, BC
Posts: 450
Re: Exchange rate
lets hope were up to $1.95 by the 2000 post ey!! come on the £
Feb 7th 2009, 7:43 pm
#1986
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Joined: Nov 2007
Location: Abbotsford, BC
Posts: 450
Re: Exchange rate
think he had all his cash in Euros for a while and that taken a hammering lately
Feb 8th 2009, 12:29 am
#1989
Forum Regular
Joined: Jan 2008
Posts: 81
Re: Exchange rate
Prepare for another drop next week!
Feb 8th 2009, 1:11 am
#1991
Forum Regular
Joined: Jan 2008
Posts: 81
Re: Exchange rate
Nothing, I just feel the trend is down - possibly $1.65. But then again I often wrong 
(plus we're getting closer to the 2k mark)
(plus we're getting closer to the 2k mark)
Feb 8th 2009, 1:14 am
#1992
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Location: Abbotsford, BC
Posts: 450
Re: Exchange rate
I think it will bob around the 1.75 -1.90 for most of 2009.
Feb 8th 2009, 2:11 am
#1993
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Joined: Nov 2006
Location: Nusajaya
Posts: 2,327
Re: Exchange rate
I'm not so sure. The CAD is strongly linked to the USD, which many commentators are saying is way overvalued.... some think it's due a very rapid correction, especially if O'Batman doesn't work the miracles expected of him. That has surely got to bring the CAD down with it??
Feb 8th 2009, 2:30 am
#1994
Wanna-be Canadian
Joined: May 2008
Posts: 176
Re: Exchange rate
Cneldred, I'm not so sure. The CAD is strongly linked to the USD, which many commentators are saying is way overvalued.... some think it's due a very rapid correction, especially if O'Batman doesn't work the miracles expected of him. That has surely got to bring the CAD down with it??
Plus, that fact that the UK housing & mortgage market in December picked up is also a positive.
If this recession isn't quite as bad as has been feared and the economy begins to rally sooner than expected, the current cautiousness that's pushing up the value of the US $ will wane, we'll see the $ sold and it's value, along with the Canadian $, drop.
M.
PS - Is there a prize for the 2000 post ?
Last edited by loser40; Feb 8th 2009 at 2:36 am.
Feb 8th 2009, 2:45 am
#1995
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Joined: Nov 2006
Location: Nusajaya
Posts: 2,327
Re: Exchange rate
Mods? Is 2000 a record for the board?
Actually Danny B, the Opening Poster should take it.
Bit of nostalgia, the first post by Danny B in April 2007:
Damn it's down to $2.25 now almost 10c less than what it was in Feb.
They reckon interest rates will almost certainly be going up next month to stop inflation rising any more.
It is so frustrating watching the rate going down while you are weeks away from selling your house to convert to dollars...
$2.25
Actually Danny B, the Opening Poster should take it.
Bit of nostalgia, the first post by Danny B in April 2007:
Damn it's down to $2.25 now almost 10c less than what it was in Feb.
They reckon interest rates will almost certainly be going up next month to stop inflation rising any more.
It is so frustrating watching the rate going down while you are weeks away from selling your house to convert to dollars...
$2.25
