During the Great Recession, the US market took a beating while the Canadian market didn’t take as big of a nosedive. There were a couple of months where the Canadian dollar was stronger than the US dollar. For almost 4 years, from January 2003 until October 2007, the exchange rate gradually narrowed down to 1:1 par during the 2007-2008 financial crisis and slowly plummeted to its low of 0.94 in October 2007. A Look Back In Timeįrom the late 1990s to the early 2000s the exchange rate had reached it’s highest point during my lifetime peaking at 1.60 in February 2002. ![]() Now, I am by no means a foreign exchange rate expert by any means, but it is something I pay attention to since I am dealing in both US dollars and Canadian dollars for our portfolio. ![]() Looking at historical data from September 2003 to the present, there was only a short blip in January 2016 where we saw the exchange rate rival this figure for a week and then it went back down below 1.40 and it has remained in the 1.30-1.35 range for years. This means that for every $1.00 US dollar you convert to Canadian dollars, you’d end up with $1.40 Canadian dollars in your pocket. ![]() The USD/CAD exchange rate has been hovering around the 1.4 mark since the end of March. This post may contain sponsored content and/or affiliate links.
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