What’s Going On With The Foreign Exchange Rates? And Should I Care?

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Living in Winnipeg, Manitoba Canada .. everything is in Canadian Dollars. That is our local Currency and everything that goes with our “offline” lives.

However, online, I get paid in U.S Dollars .. Although, only a small portion actually goes into my Canadian Bank account (I transfer my Google Adsense only – as the rest is left in my Paypal account and put back to finance my online activities also in USD$) .. I did receive an extra $79.86 CDN today on my Google Payout of $426.77 USD. WooHoo!

That’s great! Because .. well, I spent $160.00 CDN for plumbing repairs today 😀 So, it helps!

Month-End Conversions For 2008

Here are the rates according to the Bank Of Canada for 2008 so far ..

* December 31, 2007 – $100.00 USD = $98.81 CDN

* January 31, 2008 – $100.00 USD = $100.22 CDN

* February 29, 2008 – $100.00 USD = $97.98 CDN

February 28, 2008 was the YTD Low for 2008 by the way $100.00 USD = $97.19 CDN

* March 31, 2008 = $100.00 USD = $102.79 CDN

* April 30, 2008 = $100.00 USD = $100.95 CDN

* May 31, 2008 = $100.00 USD = $99.42 CDN

* June 30, 2008 = $100.00 USD = $101.86 CDN

* July 31, 2008 = $100.00 USD = $102.57 CDN

* August 31, 2008 = $100.00 USD = $106.26 CDN

* September 30, 2008 = $100.00 USD = $105.99 CDN

Conversions during the Month of October 2008

October 1, 2008 – $100.00 USD = $106.09 CDN
October 2, 2008 – $100.00 USD = $107.69 CDN
October 3, 2008 – $100.00 USD = $108.12 CDN
October 6, 2008 – $100.00 USD = $110.27 CDN
October 7, 2008 – $100.00 USD = $110.58 CDN
October 8, 2008 – $100.00 USD = $112.49 CDN
October 9, 2008 – $100.00 USD = $114.86 CDN
October 10, 2008 – $100.00 USD = $119.07 CDN
October 11, 2008 – $100.00 USD = $119.07 CDN
October 14, 2008 – $100.00 USD = $116.02 CDN

October 14, 2008 was our Canadian Election

October 15, 2008 – $100.00 USD = $118.02 CDN
October 16, 2008 – $100.00 USD = $119.52 CDN
October 17, 2008 – $100.00 USD = $118.23 CDN
October 18, 2008 – $100.00 USD = $119.76 CDN
October 21, 2008 – $100.00 USD = $122.02 CDN
October 22, 2008 – $100.00 USD = $124.99 CDN
October 23, 2008 – $100.00 USD = $125.73 CDN
October 24, 2008 – $100.00 USD = $127.32 CDN
October 27, 2008 – $100.00 USD = $129.30 CDN
October 28, 2008 – $100.00 USD = $129.43 CDN

October 28, 2008 was the YTD High for 2008

October 29, 2008 – $100.00 USD = $123.08 CDN

??? $123.08 ?? Is it going down now? We all pretty much have seen (or experienced) how the markets have been in the month of October … Where do you think the Foreign Exchange rates will go in the next couple of weeks? next couple of months? 2009?

Don’t forget .. there is a USA Election next week

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