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Canadian dollar, British pound, euro

Discussion in 'Political Debate & Discussion' started by billwald, Feb 3, 2011.

  1. billwald

    billwald New Member

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    I've been watching them since the depression started. I think a clear sign of the end of US domination will be when our dollar buys less than 0.60 pound, 0.95 Canadian, and 0.70 euro.
     
  2. David Lamb

    David Lamb Active Member

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    I'm no expert on financial matters, but I do know that international exchange rates vary all the time. And it wasn't until the 1980s that the dollar/pound rate went above 60%, i.e. the US dollar bought more than 0.60 pounds sterling.
     
  3. Salty

    Salty 20,000 Posts Club
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    Actually, there is an upside when the dollar is weak compared to other currencies: it is cheaper for other countries to buy from the US.

    Another words, if a person has 1000 wh* and it only buys 100 US dollars, they will not purchase US goods or visit the US.

    But if the rate changes and the 1000 wh* are now worth 1,500 US dollars they are more likely to purchase American goods and/or visit the US.

    * = whatever currencies
     
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