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Dr. Bob is Robert Hsiung, MD,
bob@dr-bob.orgShown: posts 1 to 10 of 10. This is the beginning of the thread.
Posted by Deneb on October 23, 2008, at 21:14:35
I'm going on the Babble trip in May and I'm wondering whether our CAD will continue to fall?
This is going to get expensive!
Should I exchange for USD now? Or wait?
It's below about 0.79 USD now. Sucks for travellers to the US.
Posted by Sigismund on October 23, 2008, at 23:41:50
In reply to Will the CAD continue to fall?, posted by Deneb on October 23, 2008, at 21:14:35
The A$ is falling too.
It was almost at parity with the US$ and now it's down 30c, I think.
The whole thing is a mystery to me.
Posted by caraher on October 24, 2008, at 9:03:37
In reply to Re: Will the CAD continue to fall?, posted by Sigismund on October 23, 2008, at 23:41:50
It looks like the US dollar is recovering relative to most "western" currencies. (Graph the past 120 days for the Euro, Canadian dollar, etc. - they all look about the same: http://www.x-rates.com/d/CAD/USD/graph120.html)
My wild guess is that the credit crunch makes US dollars hard to come by, so their value has increased relative to other currencies. But I'm no economist.
Here's a forecast: http://www.forecasts.org/exchange-rate/canada-dollar-exchange-rate.htm
No idea how much faith to put in it...
Posted by Phillipa on October 24, 2008, at 10:35:42
In reply to Re: Will the CAD continue to fall?, posted by caraher on October 24, 2008, at 9:03:37
You mean the rest of the world is in economic crisis too? What does that mean for us? Phillipa
Posted by caraher on October 24, 2008, at 11:07:13
In reply to Re: Will the CAD continue to fall? » caraher, posted by Phillipa on October 24, 2008, at 10:35:42
> You mean the rest of the world is in economic crisis too? What does that mean for us? Phillipa
The whole system is tied together rather tightly, so it's pretty hard for the US to have a crisis all by itself!
I suppose it means we're all in this thing together. I'm not sure whether that's good or bad.
Posted by Sigismund on October 24, 2008, at 14:36:20
In reply to Re: Will the CAD continue to fall? » caraher, posted by Phillipa on October 24, 2008, at 10:35:42
>You mean the rest of the world is in economic crisis too?
Maybe only the countries that subscribe to the Washington consensus?
China and Russia are OK?
India? Brazil? No idea.
Posted by Deneb on October 24, 2008, at 15:28:35
In reply to Re: Will the CAD continue to fall?, posted by caraher on October 24, 2008, at 9:03:37
Thanks for the sites!
It shows the dollar might go up a bit in Feb. so I'm going to wait a while before exchanging money.
Next time our CAD is on par with the USD, I think I'll set up a USD account for myself, since I'm traveling more now.
Posted by Phillipa on October 24, 2008, at 20:02:23
In reply to Re: Will the CAD continue to fall?, posted by Sigismund on October 24, 2008, at 14:36:20
Heard the American dollar is now higher than Australian or Canadian. That is worrisome to me. Phillipa
Posted by Sigismund on October 24, 2008, at 22:25:27
In reply to Re: Will the CAD continue to fall? » Sigismund, posted by Phillipa on October 24, 2008, at 20:02:23
Yes, PJ, no good for exports from the US.
I liked what Warren Buffett said....
When the markets get greedy, be fearful
When the markets get fearful, be greedy.
Posted by Phillipa on October 25, 2008, at 18:38:22
In reply to Re: Will the CAD continue to fall? » Phillipa, posted by Sigismund on October 24, 2008, at 22:25:27
Sigi not good for ebay as most of our stuff goes to Canada and Australia, Poland, Spain. Love PJ
This is the end of the thread.
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