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Huh? The CAD/USD exchange rate is exactly where I remember it being 30 years ago.
by rssoconnor 1y ago
Huh? The CAD/USD exchange rate is exactly where I remember it being 30 years ago.
- 827a 1y agoCAD/USD is down ~5.3% over the past 20 years.
- rssoconnor 1y agoHow much is it down over the past 30 years? FWIW, my mental CAD/USD price anchor was set when I was coming of age at 0.75 CAD / USD. Today it at 0.73 CAD / USD, and I've seen it touch 0.60 ish and pass parity in my lifetime.
- 827a 1y agoIMO: 30 years isn't relevant to look at, because its ancient history (I'm calling both of us ancient here). It pushes back too far beyond 2008 & the GFC to capture data that isn't relevant to the modern global economy. Everything about everything about the world, today, is a consequence of the GFC, and its likely that by the year 2100 we'll still talk about it as among the most significant things to happen to the world in the past century. Maybe the most significant.