Make Money by Selling Money
| Recently for some reason i had to look at currency exchange rate of Canadian dollar with US dollar. My eyes stopped when i saw that the Canadian exchange rate with US dollar is the lowest on June 4th 2007. It’s $1 USD = $1.0579 CAD or Canadian dollar. All my businesses related to US dollar are paying me less money because of this currency exchange rate. |
I still remember 4 years ago this rate was 1.45. I can not believe my own eyes. Canadian dollar is getting stronger and stronger everyday. Afterwards i got curious about Euro vs Canadian dollar. It’s the same result. The lowest exchange rate of Canadian dollar vs Euro is 1.41899 ($1 Euro=$1.41899 CAD) on June 8th 2007.
Check our currecny exchange rate graph of USD vs CAD
Check our currecny exchange rate graph of Euro vs CAD
I am not an economist but as far as i know the currency exchange rate depends of few major thing like foreign currency reserve, oil reserve, and of course gold reserve. I am again starting to feel lucky to live in Canada and proud to be a Canadian.
Jun 9th, 2007 | 732 Views | Posted in Blogging | No Comments | Print