Exchange rate...just how low can it go?

breadman

Mr. Big
Aug 18, 2001
466
1
18
Was shocked to see the exchange rate for the us dollar at only $1.10. Have to wonder how this will effect the touring hobbiests who come to Canada. Im pretty sure Toronto will see a huge dropoff of business from the average joe's with a limited supply of spending cash. Montreal on the other hand might only experience a slight dropoff...guessing more hobbiests will give Montreal a try for the better rates. With the lower rates digging into the wallet for a couple extra twenty's will be necessary ($180us for a $200cad outcall). Alot of green for what amounts basically to a 35 minute session (time your next couple of calls and get the average).

I wont have to worry about this rate for at least a couple more month's...making another run to Germany for the fkk's. The us dollar is also in the dumps compared to the euro...only thing keeping it worthwhile are the cheap rates. An hour rate at some of the clubs is only $95. Some clubs even offer 20 minute rates for $32 if you can live with cbj, daty and fs. And from what ive been told...it was 50% cheaper 5 years ago. Imagine paying a twenty for twenty minutes of fun.
 

Papi Chulo

Banned Permanently
Jan 30, 2006
2,553
0
0
I hope some of the americans stay home becauase in many tourist towns, prices go up for high season... maybe with less tourists, prices will not go up as much as usual for high (tourist) season
 

Papi Chulo

Banned Permanently
Jan 30, 2006
2,553
0
0
JoyfulC said:
I remember when the Canadian dollar was worth about $1.20 USD -- so things can get waaayyy worse.

..c..

wow, you are older than I thought

"Its "spot" or current market value has approximated the US$ until the former's recent decline, the significant exception being during the US Civil War, when the Canadian dollar rose to US$1.45. From 1879 to 1914 Canadian and American currencies were on the gold standard and were therefore each defined by fixed and equal units of gold.

Following World War I, except for the brief period between 1926 and 1929 when Canada returned to the gold standard, the Canadian dollar has been either pegged at a particular value in relation to the US dollar (1962-70) or allowed to fluctuate according to international demand and supply. From 1952 and 1962 and since 1970, the Canadian dollar has fluctuated or "floated." During these periods the BANK OF CANADA has bought and sold foreign exchange to smooth out daily fluctuations in the rate. It has also raised or lowered Canadian interest rates, relative to those in the US, to encourage or discourage funds flowing into Canada that increase or decrease the value of the Canadian dollar. Since being unpegged in 1970 the Canadian dollar has traded as high as US $ 1.04 in 1974 and reached a historic low of nearly US $0.63 in the summer of 1998."


http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0002685
 

JoyfulC

New member
Sep 23, 2004
917
0
0
www.honeydelight.net
I'm pretty sure the Canadian dollar was trading at $1.20 US in the mid-to-late 70s.

My husband says he remembers it at best at $1.06 when he was jumping in the US in '72 -- but I seem to recall it being even better than that in the 70s.

..c..
 

m91us

Member
Oct 28, 2001
165
0
16
Next to the money pit.
I am actually enjoying this wonderful exchange rate between Canada and US. Firstly, I am buying more US services (company logo design, website templates, and other goodies that require payment in US dollars). Secondly, I get to convert some Canadian money to US money to invest in common shares traded in the US stock exchanges. All in all, if you're a shopper like me the current exchange rate encourages you to shop over the internet for goods and services provided by American sellers or Oversea sellers asking for payment in US funds.
 
Ashley Madison
Toronto Escorts