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Short Lived Thread: Canadian Dollar dropping quickly today

 
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Korussian



Joined: 15 Sep 2007

PostPosted: Tue Dec 09, 2008 9:34 pm    Post subject: Short Lived Thread: Canadian Dollar dropping quickly today Reply with quote

Look alive fellows: the Canadian dollar is falling hard.

I'm hoping it'll go low enough today or tomorrow to drop below the magic threshold at which I feel comfortable sending money home.

I know there are plenty of other threads discussing the ups and downs of the won. I have no prediction about it one way or the other.

Just wanted to give you folks a head's up to possibly take advantage of this news in case it turns out to be short-lived.
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RuffledFeathers



Joined: 16 Oct 2008

PostPosted: Tue Dec 09, 2008 9:44 pm    Post subject: Reply with quote

It's still at 875

http://www.x-rates.com/calculator.html

I'm not holding my breath....the min it goes over 930, I'm sending all I can home
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Korussian



Joined: 15 Sep 2007

PostPosted: Tue Dec 09, 2008 9:48 pm    Post subject: Reply with quote

RuffledFeathers wrote:
It's still at 875

http://www.x-rates.com/calculator.html

I'm not holding my breath....the min it goes over 930, I'm sending all I can home


Google Finance currently has it at 0.000900710. Or 1110.20 in reverse.

Here's hoping!
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RuffledFeathers



Joined: 16 Oct 2008

PostPosted: Tue Dec 09, 2008 9:57 pm    Post subject: Reply with quote

The link I posted is usually right on par with Korean banks...
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Draz



Joined: 27 Jun 2007
Location: Land of Morning Clam

PostPosted: Tue Dec 09, 2008 10:06 pm    Post subject: Reply with quote

Surprised

Here's hoping. Friday is my last chance to send money for awhile since I'm going to be out of the country.
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crossmr



Joined: 22 Nov 2008
Location: Hwayangdong, Seoul

PostPosted: Wed Dec 10, 2008 12:44 am    Post subject: Reply with quote

obviously that didn't last. Its still at 79 cents US and 1141 WON.

I wonder how quick the stores will be to jack the prices back up. It took them over a year to reduce the prices when the dollar was at parity, I bet it doesn't take them half as long t put them up again.
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crescent



Joined: 15 Jan 2003
Location: yes.

PostPosted: Wed Dec 10, 2008 1:15 am    Post subject: Reply with quote

It's tied to the federal gov't black hole, I bet.
Let's hope they get things even more screwed up.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Wed Dec 10, 2008 1:16 am    Post subject: Reply with quote

Drop...Drop...Drop...
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supernick



Joined: 24 Jan 2003
Location: Seoul

PostPosted: Wed Dec 10, 2008 1:41 am    Post subject: Reply with quote

It doesn't look like it has dropped but the KW has increased.

The KW will continue to increase for the next few months as it has taken a kicking recently.
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Korussian



Joined: 15 Sep 2007

PostPosted: Wed Dec 10, 2008 5:15 pm    Post subject: Reply with quote

RuffledFeathers wrote:
It's still at 875

http://www.x-rates.com/calculator.html

I'm not holding my breath....the min it goes over 930, I'm sending all I can home


In that case, good news: Google Finance currently has the rate at 929!
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crusher_of_heads



Joined: 23 Feb 2007
Location: kimbop and kimchi for kimberly!!!!

PostPosted: Wed Dec 10, 2008 5:18 pm    Post subject: Reply with quote

I am not into sacrificing goats and 28 year old South Korean virgins, but I'm thinking the sluggishness in the USA is going to catch up to Canada and the dollar will continue to drop. The only possible bump would be if those dam yankees up their consumption of Canadian oil.
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RuffledFeathers



Joined: 16 Oct 2008

PostPosted: Wed Dec 10, 2008 5:29 pm    Post subject: Reply with quote

wow 929, I'm giong to keep an eye on it....see if I can catch it at it's peak either today or tomorrow I"m sure....
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