Canadian Dollar Parity With The American Dollar

Yes, the Canadian Dollar's highest peak was $1CAD = $1.08USD. This type of thing never happened after the 1970s as the Canadian Dollar was approximately 90 cents American until 6 months ago when the Canadian dollar (and possibly other currencies as well) skyrocketed. What does this mean? Buying power. However, little do happy Canadian shoppers know, the high dollar is impacting people like me. Yes, it impacts the manufacturing and export sectors, but the less known aspects it hits are families with members who work at other places on Earth to provide a living back home.For example, my father works in Hong Kong and the rest of us lives in Toronto. Due to the skyrocketing loonie, now my dad needs to work many times harder to earn that $1 Canadian compared to couple years ago. The bad thing is that as long as the American Dollar drops, the Hong Kong Dollar drops, so it's bad news for me .So, this means that as long as the American Dollar drops, many people will suffer, even shoppers (yes, we still get charged more than Americans do for the same good. Damn businesses and their gouging.)xboxrulz

Just the day before, I was reading the effects of the surging value of INR (Indian Rupees). The last time I checked its relative value, it was around 48 and now it's around ~40. The change has come about in the span of 2 months. This is affecting companies/individuals who primarily earn in US Dollars.

So what's the actual exchange rate over there in India?xboxrulz

One thing to note is that a lot of the other currencies are not actually skyrocketing. The US dollar is the primary cause of the changes because it is falling a lot. Sure, the Canadian dollar is rising t some extent but it is not causing the majority of the variance in dollar values which is why other countries also seem to be 'skyrocketing'. The US dollar has simply been a cornerstone for so long that shifts in relation to it usually are considered to occur on the side of the other countries and not the US itself.That said I've seen it affecting alot of people too. US companies are unwilling to deal with Canadian companies in certain respects to avoid the use of the higher canadian dollar, some american retailers wont sell products for canadian coinage, etc. Canadian companies are having trouble selling to american companies so they need to reduce workers. It's impressive the power the economy of other nations has around the globe.

So what's the actual exchange rate over there in India?

1 USD = 39.190 INR

 

The following is a graph showing the trend of the exchange ratio for this year.

 

the american dollar was almost worth 1 australian dollar a few weeks ago. it was meant to reach 1 australian dollar by the end of the year but now its going back down i was buying a vbulletin at the end of the year and i want it as cheap as possible, lol.

the american dollar was almost worth 1 australian dollar a few weeks ago. it was meant to reach 1 australian dollar by the end of the year but now its going back down i was buying a vbulletin at the end of the year and i want it as cheap as possible, lol.

Well, better buy vBulletin now before the AUD keeps plummeting.

The Canadian Dollar dropped yesterday, but has quickly regained today back to 1.03 from yesterday's major drop to 1.01 from 1.08.

xboxrulz

It's intresting you say other curriences are sky-rocketing. Here (UK) the dollar is said to be going down, and because it's against every steady currency I'd put it that way. Even Gisele bush-unspellable lastname won't be paid in dollars anymore. And I think a lot of Europeans are doing Xmas shopping in NY, even last year.

I've heard the exact opposite. Unless your currency is tied to USD, it's skyrocketing. Maybe I'm wrong. However, how the Canadian dollar is doing is scaring the living crap out of me.xboxrulz

Here the Dollar is tied to the Pakistan Rupee, so the swings between the two are minimal... since the beginning of this year, the Dollar's only increased in value of about 1.5 rupees. However, other currencies like the Pound and Euro have really taken off. The Euro in particular, has shot up nearly 17 rupees since January, which is good for me, since I have my cash in Euro.

Here the Dollar is tied to the Pakistan Rupee, so the swings between the two are minimal... since the beginning of this year, the Dollar's only increased in value of about 1.5 rupees. However, other currencies like the Pound and Euro have really taken off. The Euro in particular, has shot up nearly 17 rupees since January, which is good for me, since I have my cash in Euro.

It's good that you have Euro as back up when currency fluctuates too much, like the Pakistani Rupee.

xboxrulz

While I'm by no means an expert on exchange rates, economic fluctuation, stocks/shares and anything else you care to name in the financial field, all I know is that, despite living in the UK, I tend to get paid (and pay) online in USD.

 

While they may vary a fair amount, and are (relative to Pounds Sterling) falling, I have the same problem as a fair number of people out there and have to work a little harder to earn the same amount when the conversions are dealt with. I'll give you an example:

 

I write articles for people online (I'm not going to go in to exacting detail as to how/where/etc.) and as a majority of online communities have members from many different countries, those I work with use USD as a standard medium to pay by. A fair number, of course, live in the US as well, but anyway...

 

Doing approximate conversions in my head, I tend to work with 1.00 GBP being around 2.00 USD, and have for some time. Sure, it varied about there for a little while, but recently (as I mentionned) I'm getting less pounds to the dollar. It's not by much, but it's certainly enough to warrant taking in to account. So, what do I do? I just buy everything online in USD, and figure that (provided the retailers don't boost their prices) I can quite happily get relatively the same deal for exactly the same work.

 

Why's that? $100 at, say, $2 to £1 is worth the same in the US regardless of the exchange rate. That is the whole point of exchange rates (or so I'm lead to believe), after all. When we start mixing Canadian Dollars, Australian Dollars, and any other sort of dollar in to the equation, and live in a country with a currency that's falling compared to others, I can certainly understand there being problems, though.

You're just lucky that you can spend your USD directly in from the US since much of the Western consumer products come from there. My family's earnings are in HKD, but the family mainly resides in Canada. It causes major headaches since most of the money, (education included) is spent in Canada due to higher cost of living, is skyrocketing, so it's hitting families like us. There's many families like this in Canada and it's quite a popular method for many Chinese Canadians. Work in the "home country" to provide better living abroad.xboxrulz

Yes, our American Dollar is falling. This is mainly due to the american citizens acceptance of a central bank
called the Federal Reserve. This is not a government entity like most people think. It is a privately owned
bank in the business of loaning our government money. It is run by the same group of people that own the
IRS which is also not a government entity. It is a privately owned collection agengy in charge of collecting
the minimum payments owed on our loans made from the Federal Reserve.

Our government is not supposed to operate on income taxes. The only legal tax defined under our
constitution is sales tax of no more than 1%. These private corporations are double taxing us. They tax
us on our labor and then they tax us on our purchases.

All to pay back loans that congress was never authorized to make. Unfair taxes like this is what prompted
the boston tea party and the revolutionary war that won our independence and created this country.

Our government sold us out to these foreign bankers in 1933 to stop the depression. They took all of our
gold and silver and gave it to these bankers as collateral for loans. They also sold every american citizen
as a slave to the banks for additional collateral. That's why none of our laws since have given any thought
to our freedom or constitution, it just doesn't exist anymore.

These foreign bankers through democracy are the communistic dictators of America. If you can control the
money supply of a country, you control everything about the government in that country.

Our presidents and lawmakers know that with one statement from the federal reserve this country can be
instantly pushed into a depression again. To avoid this, they have to do what the bankers tell them to do.

Basically, as our debt to these bankers rise, our dollar will fall.

This will continue as long as the american people will allow it. Our only hope is to kick the central bank out
of our country and bring back the liberties secured to us under the constitution.

I don't know if you've heard of congressman Ron Paul from Texas. He is the only presidential candidate
that is actually speaking about these issues. The banker controlled media won't give him the time of day,
but the internet cannot be controlled and finally somebody is getting this message out.

Visit Ron Pauls' website at: http://www.ronpaul.com/

By the way, our country "America" is not a Democracy like you've been taught in the banker controlled
school system. America is a CONSTITUTIONAL REPUBLIC.

A democracy is a form of government that is far more oppressive than communism. The only difference
between a communists dictatorship and a democracy is that nobody knows who the dictator is.

In a Republic, citizens are given Freedom. The freedom to worship god in whatever way they see fit. The
freedom to drive on publicly owned roads without buying a license from the state. The freedom to sell
anything that they want to sell without a government holding it's hand out. The freedom to hunt or fish
for their own food without buying a license first. The freedom to be born without having to buy a certificate
from the state. The freedom to choose where their children get their educations from. The freedom to
have Life, Liberty and the persuit of happiness.

Under a Constitutional Republic a crime cannot be committed unless there is a victim. A government can
not be a victim, because a government is not an individual. If there is no victim there is NO CRIME. The
State of Whatever vs. John Doe is not permitted under our constitution.

There has to be a victim vs. a defendant for a crime to be tried in a constitutional court of law. The victim
must have sustained either physical damage or property damage for a court to convict a defendant of
committing a crime.

That's right, no speeding or seatbelt tickets, driving under suspension cases, drug offenses, etc... None of
these can be made crime in our country. It says that in our constitution.

If there is no property damage or physical damage there is no crime, period. Now, that's real Freedom!

I know that some of these laws like speeding tickets would make it safer to live in our country, but is
safety worth oppression?

Ben Franklin said that a man that will trade his Liberty for his Safety deserves neither Liberty or Safety.

He is right. Remember, "Give me Liberty or Give me Death".

The world is a dangerous place to live anyway. Why give up all of your Freedom to try and prevent
something from happening to you? The death rate is still 100%. You can't be scared all your life!

Actually, Scepter, you are wrong about the republic and democracy. Britain, the country that I live in, is not a republic, but is a democracy. A democracy is where decisions are given to the public to decide, a republic is a government with an elected head of state.Here in the UK, the US Dollar is staying in line with the Pound Sterling as it usually is, 1 Pound = 2 Dollars. Generally, I don't expect that to change much in the short term.