Exchange rate Cn$1.8022/£1
Jan 10th 2014, 1:27 pm
#1
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Location: AB
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Exchange rate Cn$1.8022/£1
This devaluation of the Canadian dollar must be a Govt initiative, it can't be through the usual circumstances of currency variation. Anyone have any proof that it is a deliberate attempt to devalue the currency? Is Canada trying to make its exports cheaper?
Jan 10th 2014, 2:15 pm
#2
The ride never ends
Joined: Sep 2011
Location: SW Ontario
Posts: 2,481
Re: Exchange rate Cn$1.8022/£1
Tis of interest indeed. Will certainly make any trips home a bit more pricey.
Isn't the historical average somewhere closer to $2?
Isn't the historical average somewhere closer to $2?
Jan 10th 2014, 2:26 pm
#3
Weegie in Calgary
Joined: Dec 2012
Location: Calgary
Posts: 810
Re: Exchange rate Cn$1.8022/£1
For the last 3 years it has hovered under the 1.65 mark
6 years ago it was around 2.3
10 years ago 2.45
6 years ago it was around 2.3
10 years ago 2.45
Jan 10th 2014, 2:42 pm
#5
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Re: Exchange rate Cn$1.8022/£1
6 months ago $1.52, I bought $5k - ouch!
Jan 10th 2014, 3:48 pm
#6
Slightly Canadian
Joined: Jul 2005
Location: St. John's, Newfoundland
Posts: 10,129
Re: Exchange rate Cn$1.8022/£1
A'int that the truth. My interest these days is in spending CAD$ when in UK. Glad we have no family travel planned for this year to UK. Starts getting expensive!
Jan 10th 2014, 4:50 pm
#8
Grumpy Know-it-all
Joined: Jul 2010
Location: Calgary, Alberta
Posts: 8,928
Re: Exchange rate Cn$1.8022/£1
The UK economy is now starting to improve so basically the exchange rate is starting to move back to a more typical level, sterling has been at an historically low rate for the last five years against the Canadian dollar.
Been saying on here for years that moving to Canada from the UK doesn't make sense if you're bringing lots of money with you, because essentially you're buying high and then selling low, because the Canadian dollar will drop in value sharply.
Jan 10th 2014, 5:06 pm
#9
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Re: Exchange rate Cn$1.8022/£1
According to the bbc business section, the £ weakened against every world currency except the currencies from Ukraine, Argentina and Canada. Not daft, something is afoot to devalue the Cn$. 20% in 6 months, this is deliberate.
Jan 10th 2014, 5:09 pm
#10
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Re: Exchange rate Cn$1.8022/£1
Don't get me wrong, I'm happy to see it go to $2.5 to £ but this is unlikely, just trying to work put who what or why this is happening so I can plan accordingly.
Jan 10th 2014, 5:40 pm
#11
Joined: Sep 2008
Posts: 12,830
Re: Exchange rate Cn$1.8022/£1
Selfishly, I hope not. It has been like a 30% discount on everything we buy. If it goes back to that, we'll likely stop buying in the UK and look elsewhere.
Jan 10th 2014, 5:56 pm
#12
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Joined: Apr 2009
Location: Regina Saskatchewan
Posts: 16,344
Re: Exchange rate Cn$1.8022/£1
Not sure about the pound, but I think our low $ is a natural fluctuation. There's no plot, it's just a bump. Natural disasters can halt parts of the economy - if farmland is under water they aren't buying fertilizer and our mines (which were multiplying) are enduring shutdowns. The steel & pipe mill here just announced mass lay-offs because there aren't enough rail cars available to get pipe to the customers. It's middle of winter so housing starts are down, there's been a crisis of faith in the US government and our $ is joined at the hip to theirs. Our pols aren't crying because crappy as a 92c dollar is, as you said it makes our exports more saleable and we'll take any sales right now. Poor exchange with the US stops some crossborder bleeding too. Is the government even capable of manipulating exchange with the pound? If the $ lost 20% vs the pound in 6 months it may not all come back, but I'd guess half should within the next 6 months, and while I'd like to see a 97c cdn $ vs the US in the same time I think 95 is more likely, all due to natural causes, not manipulation. I'm not a player and just base this on what I've seen.
Last edited by caretaker; Jan 10th 2014 at 6:03 pm. Reason: + the job numbers released today are terrible! worst in ages.
Jan 10th 2014, 6:49 pm
#13
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Location: Maple Ridge, Super Natural British Columbia
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Re: Exchange rate Cn$1.8022/£1
CAD:GBP rate has been on a sustained climb since early summer.
Can't see it getting to $2 myself, but it would be handy from a house-buying point of view.
Got a house and an apartment up for sale in England and a sub-£100k sum waiting to transfer over at the moment...
Can't see it getting to $2 myself, but it would be handy from a house-buying point of view.
Got a house and an apartment up for sale in England and a sub-£100k sum waiting to transfer over at the moment...
Jan 10th 2014, 6:50 pm
#14
Grumpy Know-it-all
Joined: Jul 2010
Location: Calgary, Alberta
Posts: 8,928
Re: Exchange rate Cn$1.8022/£1
Date 1 GBP -> CAD 1 CAD -> GBP
2013-12 1.74275500 0.57380412
2013-11 1.69047000 0.59155146
2013-10 1.66818636 0.59945341
2013-09 1.64247500 0.60883727
2013-08 1.61456190 0.61936306
2013-07 1.57809091 0.63367706
2013-06 1.59775500 0.62587819
2013-05 1.55924091 0.64133771
2013-04 1.55964091 0.64117323
2013-03 1.54475500 0.64735185
2013-02 1.56233158 0.64006899
2013-01 1.58311818 0.63166478
2012-12 1.59764211 0.62592241
2012-11 1.59183333 0.62820647
2012-10 1.58731818 0.62999341
2012-09 1.57750526 0.63391231
2012-08 1.56014091 0.64096774
2012-07 1.58044286 0.63273404
2012-06 1.59910476 0.62534990
2012-05 1.60708636 0.62224410
2012-04 1.58866000 0.62946131
2012-03 1.57256818 0.63590248
2012-02 1.57505238 0.63489952
2012-01 1.57190000 0.63617278
2011-12 1.59525000 0.62686099
2011-11 1.61967143 0.61740917
2011-10 1.60759500 0.62204722
2011-09 1.58078571 0.63259681
2011-08 1.60781364 0.62196263
2011-07 1.54345000 0.64789919
2011-06 1.58407727 0.63128234
2011-05 1.58237619 0.63196097
2011-04 1.56867500 0.63748068
2011-03 1.57794783 0.63373451
2011-02 1.59277000 0.62783704
2011-01 1.57044000 0.63676422
2010-12 1.57293333 0.63575485
2010-11 1.61538095 0.61904902
2010-10 1.61503500 0.61918163
2010-09 1.61044286 0.62094721
2010-08 1.62937143 0.61373360
2010-07 1.59522857 0.62686941
2010-06 1.53240455 0.65256919
2010-05 1.52542000 0.65555716
2010-04 1.54125714 0.64882100
2010-03 1.54037391 0.64919302
2010-02 1.65064000 0.60582562
2010-01 1.68570000 0.59322537
2009-12 1.71183810 0.58416739
2009-11 1.75801500 0.56882336
2009-10 1.70993810 0.58481649
2009-09 1.76548571 0.56641636
2009-08 1.79690000 0.55651400
2009-07 1.83649545 0.54451537
2009-06 1.84380909 0.54235550
2009-05 1.77671000 0.56283805
2009-04 1.80097143 0.55525589
2009-03 1.79100000 0.55834729
2009-02 1.79443000 0.55728003
2009-01 1.77269524 0.56411276
2008-12 1.83425238 0.54518125
2008-11 1.86586842 0.53594347
2008-10 1.99404091 0.50149422
2008-09 1.90148095 0.52590587
2008-08 1.98491000 0.50380118
2008-07 2.01354545 0.49663642
2008-06 1.99923333 0.50019174
2008-05 1.96531429 0.50882447
2008-04 2.00890455 0.49778373
2008-03 2.00627000 0.49843740
2008-02 1.96193333 0.50970132
2008-01 1.99073636 0.50232669
2007-12 2.02421579 0.49401848
2007-11 2.00167143 0.49958249
2007-10 1.99409091 0.50148165
2007-09 2.06962632 0.48317901
2007-08 2.12703636 0.47013771
2007-07 2.13772381 0.46778728
2007-06 2.11610952 0.47256533
2007-05 2.17311364 0.46016922
2007-04 2.25570000 0.44332136
2007-03 2.27482727 0.43959382
2007-02 2.29266000 0.43617457
2007-01 2.30349091 0.43412370
2006-12 2.26347368 0.44179882
2006-11 2.17366667 0.46005214
2006-10 2.11761429 0.47222953
2006-09 2.10256000 0.47561068
2006-08 2.11699545 0.47236757
2006-07 2.08288500 0.48010332
2006-06 2.05308636 0.48707157
2006-05 2.07171818 0.48269113
2006-04 2.02292632 0.49433338
2006-03 2.01853913 0.49540779
2006-02 2.00790500 0.49803153
2006-01 2.04644762 0.48865165
2005-12 2.02767000 0.49317690
2005-11 2.04819048 0.48823584
2005-10 2.07840500 0.48113818
2005-09 2.12747619 0.47004051
2005-08 2.16160455 0.46261931
2005-07 2.13976000 0.46734213
2005-06 2.25430000 0.44359668
2005-05 2.32943333 0.42928895
2005-04 2.34359524 0.42669484
2005-03 2.31766818 0.43146815
2005-02 2.33970500 0.42740431
2005-01 2.30013500 0.43475709
2004-12 2.35015714 0.42550346
2004-11 2.22675238 0.44908451
2004-10 2.25382500 0.44369017
2004-09 2.31018095 0.43286652
2004-08 2.38751429 0.41884566
2004-07 2.43824762 0.41013062
2004-06 2.48192273 0.40291343
2004-05 2.46462500 0.40574124
2004-04 2.41848571 0.41348187
2004-03 2.42592174 0.41221445
2004-02 2.48288000 0.40275809
2004-01 2.36340476 0.42311838
2003-12 2.29852381 0.43506184
2013-12 1.74275500 0.57380412
2013-11 1.69047000 0.59155146
2013-10 1.66818636 0.59945341
2013-09 1.64247500 0.60883727
2013-08 1.61456190 0.61936306
2013-07 1.57809091 0.63367706
2013-06 1.59775500 0.62587819
2013-05 1.55924091 0.64133771
2013-04 1.55964091 0.64117323
2013-03 1.54475500 0.64735185
2013-02 1.56233158 0.64006899
2013-01 1.58311818 0.63166478
2012-12 1.59764211 0.62592241
2012-11 1.59183333 0.62820647
2012-10 1.58731818 0.62999341
2012-09 1.57750526 0.63391231
2012-08 1.56014091 0.64096774
2012-07 1.58044286 0.63273404
2012-06 1.59910476 0.62534990
2012-05 1.60708636 0.62224410
2012-04 1.58866000 0.62946131
2012-03 1.57256818 0.63590248
2012-02 1.57505238 0.63489952
2012-01 1.57190000 0.63617278
2011-12 1.59525000 0.62686099
2011-11 1.61967143 0.61740917
2011-10 1.60759500 0.62204722
2011-09 1.58078571 0.63259681
2011-08 1.60781364 0.62196263
2011-07 1.54345000 0.64789919
2011-06 1.58407727 0.63128234
2011-05 1.58237619 0.63196097
2011-04 1.56867500 0.63748068
2011-03 1.57794783 0.63373451
2011-02 1.59277000 0.62783704
2011-01 1.57044000 0.63676422
2010-12 1.57293333 0.63575485
2010-11 1.61538095 0.61904902
2010-10 1.61503500 0.61918163
2010-09 1.61044286 0.62094721
2010-08 1.62937143 0.61373360
2010-07 1.59522857 0.62686941
2010-06 1.53240455 0.65256919
2010-05 1.52542000 0.65555716
2010-04 1.54125714 0.64882100
2010-03 1.54037391 0.64919302
2010-02 1.65064000 0.60582562
2010-01 1.68570000 0.59322537
2009-12 1.71183810 0.58416739
2009-11 1.75801500 0.56882336
2009-10 1.70993810 0.58481649
2009-09 1.76548571 0.56641636
2009-08 1.79690000 0.55651400
2009-07 1.83649545 0.54451537
2009-06 1.84380909 0.54235550
2009-05 1.77671000 0.56283805
2009-04 1.80097143 0.55525589
2009-03 1.79100000 0.55834729
2009-02 1.79443000 0.55728003
2009-01 1.77269524 0.56411276
2008-12 1.83425238 0.54518125
2008-11 1.86586842 0.53594347
2008-10 1.99404091 0.50149422
2008-09 1.90148095 0.52590587
2008-08 1.98491000 0.50380118
2008-07 2.01354545 0.49663642
2008-06 1.99923333 0.50019174
2008-05 1.96531429 0.50882447
2008-04 2.00890455 0.49778373
2008-03 2.00627000 0.49843740
2008-02 1.96193333 0.50970132
2008-01 1.99073636 0.50232669
2007-12 2.02421579 0.49401848
2007-11 2.00167143 0.49958249
2007-10 1.99409091 0.50148165
2007-09 2.06962632 0.48317901
2007-08 2.12703636 0.47013771
2007-07 2.13772381 0.46778728
2007-06 2.11610952 0.47256533
2007-05 2.17311364 0.46016922
2007-04 2.25570000 0.44332136
2007-03 2.27482727 0.43959382
2007-02 2.29266000 0.43617457
2007-01 2.30349091 0.43412370
2006-12 2.26347368 0.44179882
2006-11 2.17366667 0.46005214
2006-10 2.11761429 0.47222953
2006-09 2.10256000 0.47561068
2006-08 2.11699545 0.47236757
2006-07 2.08288500 0.48010332
2006-06 2.05308636 0.48707157
2006-05 2.07171818 0.48269113
2006-04 2.02292632 0.49433338
2006-03 2.01853913 0.49540779
2006-02 2.00790500 0.49803153
2006-01 2.04644762 0.48865165
2005-12 2.02767000 0.49317690
2005-11 2.04819048 0.48823584
2005-10 2.07840500 0.48113818
2005-09 2.12747619 0.47004051
2005-08 2.16160455 0.46261931
2005-07 2.13976000 0.46734213
2005-06 2.25430000 0.44359668
2005-05 2.32943333 0.42928895
2005-04 2.34359524 0.42669484
2005-03 2.31766818 0.43146815
2005-02 2.33970500 0.42740431
2005-01 2.30013500 0.43475709
2004-12 2.35015714 0.42550346
2004-11 2.22675238 0.44908451
2004-10 2.25382500 0.44369017
2004-09 2.31018095 0.43286652
2004-08 2.38751429 0.41884566
2004-07 2.43824762 0.41013062
2004-06 2.48192273 0.40291343
2004-05 2.46462500 0.40574124
2004-04 2.41848571 0.41348187
2004-03 2.42592174 0.41221445
2004-02 2.48288000 0.40275809
2004-01 2.36340476 0.42311838
2003-12 2.29852381 0.43506184
There is no conspiracy.
Jan 11th 2014, 3:04 am
#15
Account Closed
Joined: Jan 2006
Posts: 0
Re: Exchange rate Cn$1.8022/£1
Same is happening to the CAD against the USD, I am hoping it doesn't fall to far between now and September as I am going to visit family, and may have to cut back on the time spent there if CAD falls too far.