Phew. American dollar is sloooowly coming back

vito

vito

New member
If you live in the US, you would not have been feeling the pinch like us non-US merchants who charge in US dollars, and then have to regularly convert our earnings into our native currency.

In my case, it was not that long ago that the US buck was $0.62 Canadian. And recently, it hit a 12 year high of over $0.85. :eek: Needless to say, that really hurt my bottom line.

Finally, we are seeing some corrections. http://www.x-rates.com/d/USD/CAD/graph120.html It is now down to under $0.81.

I'm not greedy. If it settled in at around $0.75, I'd be a happy camper. :party:

Vito
 
Wow, not a bad resource (thanks for the link) and positive news for us living in Canada! Let's just hope the move continues because everyone I know who makes their living in USD is tired of it, including me. Last year was especially hard.
 
Yeah, Q3 and Q4 2004 were especially difficult.

If you like that link, you might also like www.xe.com (although the rate differs slightly between the 2 sites).

Vito
 
Well ... don't anyone unfasten their seatbelts quite yet. Analysts are saying the fluctuating US dollar is going to be pretty volitile to the next 18 or so months ... or longer.

Because the business I used to be in bought, sold & manufactured ... importing from the US and selling Canadian made goods to the US ... I found the "ideal" exchange rate that suited all our needs was $0.72 CDN.

Mind you ... I did really enjoy it back in the 70's when the Canadian dollar was worth more than the US dollar for a short time :) Can you say VEGAS??? hahaha :dance:

Peter
 
pmhoran said:
Well ... don't anyone unfasten their seatbelts quite yet. Analysts are saying the fluctuating US dollar is going to be pretty volitile to the next 18 or so months ... or longer.
Click to expand...

Well, geeeez, Peter. Just when I was starting to crack open the Dom Perignon, you shed the light of reality. :mad: :mad: :mad:

Vito
 
Yup, the US dollar holding steady is a good thing. However, for me it's even harder than it is for you guys, because the local currency gains against all currencies.

Where are the days when the $ was stronger than the euro? :(
 
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