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Exchange rate CDN $.77 = USD$1

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Old October 23rd, 2008, 20:45   #31
Drache
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as of today, my exchange rate shows the normal $1.30 CDN, but yesterday when I paid for my shit, the exchange rate was equal.
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Old October 23rd, 2008, 20:50   #32
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Bah... I might keep my job as 90% of our commerce is with the state.
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Old October 24th, 2008, 12:53   #33
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lower dollar value = less purchase power

but

lower value = more sales
more sales = more wealth local
... = more / better jobs
... = more purchasing power

1:1.3 is fine by me.
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Old October 24th, 2008, 18:34   #34
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When I buy from airsoft distributors and manufactures I pay them USD. This is bad news for me, hopefully it won't be so bad that my prices need to be adjusted.
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Old October 24th, 2008, 18:36   #35
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Yeah unfortunately after doing some calculations it looks like my prices may have to rise 15-25% because of this.
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Old October 24th, 2008, 18:41   #36
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Thing is though, how long will it even be this low?
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Old October 24th, 2008, 18:57   #37
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Thing is though, how long will it even be this low?
what I have been hearing is we could be in this "phase" for a year to 18 months. exchange today was giving $Cdn.76 = US$1
All these problems with our global economy is because speculators fuck with the marketplace. Oil was at US$67. a barrel today. That's nearly a %50 drop from where it was just a couple of months ago. Why??? because of speculation on the market. It has nothing to do with supply and demand. The Arabs announced that they were cutting back production. Which should have made oil go up in price. Well it still went down. The banks get their bailout and then they start fucking us again as soon as they have their security. Interest on savings drops and interest on loans goes up. FUCK THEM ALL. hahahaha I needed that rant. LOL
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Old October 24th, 2008, 18:57   #38
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My prices have to go up as well... this is a pretty hard hit.

I'd already lowered my prices when the dollar went down, but I don't think any retailer could reasonably support it anymore.
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Old October 24th, 2008, 21:32   #39
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All currencies but USD are down. This just goes to show you who has the real money in the world and who's the boss. Not China, Russia or India
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Old October 24th, 2008, 21:59   #40
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Uggggggg.

That's all I have to say.

UGGGGGG.
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Old October 24th, 2008, 22:02   #41
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Yeah unfortunately after doing some calculations it looks like my prices may have to rise 15-25% because of this.
Same here. NO CHEAP guns anymore!! I paid chinese yuan to the factories. Now 1CND = 5.3 chinese yuan. It was 1CND = 5.8 chinese yuan two weeks ago and 1CND = 7 chinese yuan last year!

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Old October 24th, 2008, 22:08   #42
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I was making an order this morning, was going to hit the pay button, and the phone rang, well I was busy then for about 10 minutes. Had to redo my order as shit timed out on me. In that time, because the Cdn$ fell some more, it cost me an extra $5. on that order. *shaking head*
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Old October 24th, 2008, 22:33   #43
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All currencies but USD are down. This just goes to show you who has the real money in the world and who's the boss. Not China, Russia or India
Doesn't really show you anything depending on how the currency's worth is determined. The world agreed after the elimination of the gold standard that the world would turn to the US to offer it's currency as the new standard. Although that system has passed as well the current "no real system" is still somewhat loosely based off of that because of the way country's have acted with their foreign currency reserves. There is a reason why China has billions if not trillions of US currency stashed away in it's vaults. At world economic crisis times like these although some speculative people who predict that doomsday is coming will be dashing to buy up as much gold as possible, the more modern thinkers will still value the US dollar as the international standard of today. Either way, the HKD is actually up against the US but that means absolutely nothing hehe
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Old October 24th, 2008, 23:03   #44
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Well, the point of holding USD is that you have the ability to buy American things or to speculate (of others who do). Be it land, resources or most importantly, debt/bonds and perhaps stocks. What is happening is that people are valuing American shit more.

Look at American Dow market. Horrible eh? Then look at European. About the same news or worse. East European? More terrible. Asian/developing.. absolute disaster/1932 bottoms. Makes the Dow look pretty good.
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Old October 24th, 2008, 23:22   #45
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Originally Posted by Drache View Post
as of today, my exchange rate shows the normal $1.30 CDN, but yesterday when I paid for my shit, the exchange rate was equal.
Im pretty sure what happen, is when u selected USD, that you didnt click on update, so it was showing the previous currency, maybe CAD. That comes to mind reading that.
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