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Victoria-based Canadian here. Just back from a week in Palm Springs and a road trip to Disneyland. Met lots of visiting Canadians and talked to lots of American
by LanceJones 2y ago
Victoria-based Canadian here. Just back from a week in Palm Springs and a road trip to Disneyland. Met lots of visiting Canadians and talked to lots of Americans. Much of the discussion was around the horrible currency exchange rate. Why doesn't the article get into that?
- swyx 2y agohorrible exchange rate? you mean the 1.43 USDCAD, where its been since Dec 2024, and where it was in 2003, and is on the higher end of the very tight 1.25-1.40 range that it's been for the last 10 years? that horrible exchange rate? as a former currency trader, common people are horrible at blaming macroeconomic things for idiosyncratic situations
- hn_throwaway_99 2y agoYes, horrible exchange rate. I was going to say you're cherry picking your stats, but it's more like you're cherry picking your conclusion. Just look at a graph of the USD CAD exchange rate over the past 25 years - the current rate looks pretty horrible to me, and while it's been bad before it's currently near the worst it's been in 25 years.