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Canadian European Travellers - Don't get fooled by the rise in the Canadian loonie

Canadian European Travellers - Don't get fooled by the rise in the Canadian loonie

Sep 14th, 2007, 06:23 AM
  #1  
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Join Date: Oct 2004
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Canadian European Travellers - Don't get fooled by the rise in the Canadian loonie

Yes, the loonie is at a 30 year high of +97 cents to the American dollar and we will probably see parity soon.
However, that strength is largely due to the dismal performance of the American dollar.
What does a Euro cost in Canadian money?
1 Euro = 1.43778647 Canadian dollars
30 day lowest (Aug 20) 1.42491
120 day lowest (Jun 12) 1.41725
2006 monthly averages?
February
1.37149 CAD (19 days average)
March
1.39209 CAD (23 days average)
April
1.40404 CAD (20 days average

But what the Canuck... I'm heading to France anyway, eh.
robjame is offline  
Sep 14th, 2007, 06:35 AM
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Join Date: May 2007
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Canadian "loonie"!! eh?
Obviously I haven't been to Canada recently (used to go quite a bit back in the 70's and 80's to Toronto to visit DH relatives) and I'd never heard that term.
LOL!!
nanabee is offline  
Sep 14th, 2007, 06:47 AM
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Join Date: Jan 2006
Posts: 1,229
http://en.wikipedia.org/wiki/Loonie

You can see the loonies.

It started in somewhere 1987.

Blackduff
blackduff is offline  
Sep 14th, 2007, 06:58 AM
  #4  
 
Join Date: Feb 2003
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And of course..the toonie!
Michel_Paris is offline  
Sep 14th, 2007, 07:05 AM
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Did you know that there was talk of calling the toonie a moonie? That's because the queen's face is one one side with a bare (bear) behind.
moolyn is offline  
Sep 14th, 2007, 09:08 AM
  #6  
 
Join Date: Jun 2003
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However, I have taken trips in the past few years when the loonie was about 2.60 to the GBP, and when it was about 1.65 to the Euro. Of course your point is generally correct, though. Canadians should look past the US dollar when determining currency strength.
WillTravel is offline  
Sep 14th, 2007, 10:41 AM
  #7  
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You are right WillTravel but...
Friends keep telling us what a great time it isto travel what with the power of our dollar and the family expects better presents to reflect this increased buying power so this is my disclaimer (and my way of telling them that we will continue to eat and drink their inheritance!!)
robjame is offline  

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