Dollar crashing again
 

?1 = $1,42

so are we again going to ?1 = $1,60 like last summer?

1 USD = $1.0835 CAD right now.

That's bad. Was kind of enjoying the $1.20-ish xchange rate we'd been seeing for a while. :(

Yep this is sucking bad :(

You cant buy your own debt and expect your currency to survive

Did you get that rate from your bank or the net???

If it's bank please tell me who you are dealing with...

I got 1.05 today with CIBC.....

Yup $AU has gone from 0.63 to almost 0.83 today in about a month. The hits just keep on coming.

Yeah, it's sinking against the local currency here as well. Sheesh.

I have bad memories of when it got to something like $0.98 recently...

Usually, when oil starts rising, the dollar starts crashing.

This is one of the reasons the Russians are amenable to a new global currency standard.

Analysts predict the dollar will be past parity by the middle of next year, $1.12 or so. I'm fucking not looking forward to that happening.

-N

That's the going "buy" rate, so yes, the best you'd get at a bank for selling USD is maybe $1.06 if you're lucky.

I'll be holding onto the funds in my US account until the rate improves.

indeed - wondering if i should cash out 5 figures today and pit against it going to 44. i have a feeling PH currency is going to nosedive soon though.

all kinds of IMF talk against the appreciation + Banco Central worried PH will lose alot of export with too much currency appreciation

What time you did it? Got 1.0629 with cibc foreign exchange service. If you trade more than 100k a year you should register to it. They give slight better exchange than at your branch.

http://www.fxdealing.cibc.com
:2 cents:

Too right, the recent 0.63 days had me grinning from ear to ear, it was just like years gone by.

Yea it sucks.. sigh eventually it'll hit back to par :(

that sucks :disgust

I just hope it doesn't fall as low as last time.

:2 cents:

par against eur within 2-3 years...

I think this is impossible!!!
But I hope you are right!!!

stupid dollar

That is some bad news for all of us.Hope USD will move up

Absolutely brilliant comment right there.

We can hope all we want, cross our fingers and pray to whatever deity one might choose, but as long as the USA continues to buy up treasuries and prints more dollars; the dollar is doomed. I also wouldn't be surprised if one of the major debates of the next presidential election is supporting China and Russia's currency basket proposals.

Crashing against the british pound as well. I was enjoying the 1.4 rate in Feb and March. April went to 1.5 but still amazing. Looking like its gonna hit 1.7 in the next week or 2 and before I know it we'll be right back at $2 to £1. Fucking sucks.

Bingo.

The USA just printing billions of dollars and now people are wondering why the dollar is starting to slide. Well, surprise.

The worst has yet to come boys, this global mess is just starting. :2 cents:

They say it will hit parity again by the end of this year!

Bad news. tsk tsk

Yep, it sucks alright.

When the USD > AUD is low (around .065) it's hard to make coin but when you do it's worth it. But when it's (.085+) it's easy to make coin but less money per dollar.

The entire system sucks, but this is what we did to ourselves.

To make things worse because oil is priced in $USD the more the dollar slides the higher the price of oil goes.

Once this ball is rolling, when the price of oil goes up, the $CND goes up.

this really sucks

1:13.35 again here.. If it hits 14.50 or so Im grabbing at least 5k to sit on

Funny,i wanted open long thread about it too and today finally is starting to recover.

Fuck that 1.20 was nice. 1.05 here now what a pain in the ass

yeah... that's the same thing you said when the rate was 1.45

Mr. Romance Economics 101


Rising Oil Prices = Weaker Dollar

Declining Oil Prices = Stronger Dollar

You can check your oil prices at http://www.oil-price.net

And you can check your currency fluctuation at www.xe.com

Class Dismissed.

Mr. Romance

Gas price are a good indication, its up to $3.00 a gallon for regular here in Del Mar CA !!!:321GFY

I hope it's just fluctuations and that it'll come back to 1.3 soon.

That's fucked up. :(

Bank with TD. They have the best rates when transfering US cash to CND online.

Billions is an understatement.

There is an alphabet soup of bailout programs some public some cloaked in FED secrecy that is amounting to trillions.

Time to start pushing CLUBSEVENTEEN and get paid in EUROS!