Cdn. exchange rate at 1.30 today... who listened to CDSMith's advice? - GoFuckYourself.com

Monk · 10-22-2003, 07:22 AM

U.S. dollar keeps getting weaker and weaker, but...

It's all ups and downs, ups and downs.... hold on and it will come back... right CDSMith?

jact · 10-22-2003, 07:26 AM

Look back at the 30 year picture, you'll see ups and downs and even a period where the Canadian dollar was worth more then the US dollar, did that stick? It'll bounce back, how long, who knows. It's going to get worse before it gets better. My bank loves me currently for leaving all my money in US, I'd rather sit on it then throw that kind of money away. Can't earn 25% in a GIC.

LadyMischief · 10-22-2003, 07:26 AM

Quote:

Originally posted by Monk
U.S. dollar keeps getting weaker and weaker, but...

It's all ups and downs, ups and downs.... hold on and it will come back... right CDSMith?

As soon as Bush is out of office, it WILL come back

We're sitting on our US until then/

Monk · 10-22-2003, 07:30 AM

Quote:

Originally posted by jact
Look back at the 30 year picture, you'll see ups and downs and even a period where the Canadian dollar was worth more then the US dollar, did that stick? It'll bounce back, how long, who knows. It's going to get worse before it gets better.

Easy to say... not so easy to do.

Just like the stock market... people sit back now and say they will leave their money where it is.... that stocks always come back. But when the mass hysteria comes and the stock market looks its bleakest... when it looks like there is no chance the market will go up ever again..... or they just get tired of being under water.... those same people will sell their shares... AT THE BOTTOM.

Monk · 10-22-2003, 07:31 AM

Quote:

Originally posted by LadyMischief

As soon as Bush is out of office, it WILL come back We're sitting on our US until then/

What makes you think that?

FlyingIguana · 10-22-2003, 09:37 AM

Quote:

Originally posted by LadyMischief

As soon as Bush is out of office, it WILL come back We're sitting on our US until then/

dont be so sure about that. predicting fx rates that far out is just insane. even fx traders won't touch it unless they drink too much

Brad-Wishing · 10-22-2003, 09:38 AM

Sucks though for us canadians who are paid in USD.

It was INSANE fun and cool when it was 1.52. I was loving that.

10-22-2003, 07:22 AM	#1
Monk Confirmed User Join Date: Jan 2003 Location: Canada Posts: 631	Cdn. exchange rate at 1.30 today... who listened to CDSMith's advice? U.S. dollar keeps getting weaker and weaker, but... It's all ups and downs, ups and downs.... hold on and it will come back... right CDSMith?

10-22-2003, 07:26 AM	#2
jact Confirmed User Join Date: Sep 2002 Location: Oakville, Canada Posts: 9,134	Look back at the 30 year picture, you'll see ups and downs and even a period where the Canadian dollar was worth more then the US dollar, did that stick? It'll bounce back, how long, who knows. It's going to get worse before it gets better. My bank loves me currently for leaving all my money in US, I'd rather sit on it then throw that kind of money away. Can't earn 25% in a GIC. __________________ Free agent

10-22-2003, 09:38 AM	#7
Brad-Wishing Confirmed User Join Date: Oct 2003 Posts: 2,415	Sucks though for us canadians who are paid in USD. It was INSANE fun and cool when it was 1.52. I was loving that. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.