[QUOTE="HappyProzak"] [QUOTE="zombiefruit"]The Canadian dollar is worth more than the American dollar. Where have you been?kingrich06
Well I'm on planet earth, and 1 Canadian dollar is worth 0.9914 US dollars, so the US dollar is still worth more than the Canadian dollar. Also, I'm sure theres good reasons why prices are higher in Canada, but I don't know them.
http://finance.yahoo.com/currency/convert?amt=1&from=CAD&to=USD&submit=Convert
i think your reading that wrong if you trade $100 Can dollars to you'll get only 99.14 My clients pay me in USD and the company i work for has been losing alot on exchange alone
I don't think I'm reading it wrong. See the Euro is worth more than the dollar, and you know this from reading the news agreed? That's why if you have 100 Euro's, you can buy 146.8899 US dollars worth of goods. If you have 100 Canadian dollars, you can only buy 99.1375 US dollars worth of goods. See, the Euro is worth more than the dollar because if you have 100 Euro's you can buy more than a 100 in USD and it's the opposite with Canadian dollars because the Canadian dollar is worth less than the American dollar. It's a bit confusing I know.
Your clients have been losing money because they probably have some of their money in the form of USD and the USD has been dropping in value, meaning if you have your money in USD your losing money. Also, a lot of European companies have been eating the cost of the value of the USD dropping because the United States is such a big factor in the world's economy, they didn't want to raise prices and have their sales go down. European goods have gone up in value but not by as much as they should have based simply on currency exchange.
And just to throw this tidbit out, a lot of people have accused the United States of going to war against Iraq because Iraq is (or at least was) part of OPEC, and they wanted to start trading their oil using the Euro and not the dollar. Billions of dollars worth of oil was (or maybe still is not sure whats going on right now) traded in the USD and switching to the Euro would mean the USD would drop in value. This never really made headlines in the United States, but it made big headlines in Europe.
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