I’m a Canuck (Canadian) who’s spent her entire online life sucking up the high dollar exchange when making spends. Most everything online is based on the U.S. dollar, at least where I shop. Now that I’m finally bringing in bigger amounts of American money, and more than I’m spending–the loonie is running hard:
The Canadian dollar closed above the 90-cent US mark on Tuesday for the first time in 28 years.
Figures. I remember buying money orders for eBay stuff at 60 odd cents American/$1 Canadian. Last week I cashed out a big chunk of American money because I could see I was losing ground by holding onto it.
Well it looks like it’s going to be neck and neck soon:
Analysts are saying there appears to be little stopping further appreciation of the loonie. Some are forecasting that the Canadian and U.S. dollars could be worth the same by the end of 2007.
For the past year or two, I’ve been noticing a lot more webhosts and even more product sellers listing price amounts in the British Pound Â£.
I wonder if the U.S. dollar will hold as the predominant net currency in the next couple of years? Especially as the number of international users grow online.
It’s great if you’re buying something, but not so great when you’re selling or earning in U.S. money.