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Strategies & Market Trends : Canadian Dollar

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To: Kent C. who wrote (69)	1/30/1998 1:31:00 PM
From: AreWeThereYet	Read Replies (1) of 103

Kent, Since 10/1/97 [G7] CDN$ down almost 6% French Franc and German Mark -2.5% British Pounds actually up almost 2% Australian$ down almost 7.5% (but it has been hitted for its own reason and recovered nicely from the low 0.6327!) Swiss Franc merely unchange. [Major Asian currency and Mexican Peso] except TW$, Thai$ and Indo$ we all know why... Japanese Yen down less than 4% after recovery in January HK$ merely unchange. Singapore$ down 11% Mexican Pesos down 8.8% Today 1/30/98 rate versus yearly high/lows CDN$ 0.6865 0.6813 to 0.7472 Pound 1.632 1.5679 to 1.7134 Australia$ 0.6851 0.6327 to 0.7993 SW Franc 0.6757 0.6501 to 0.7226 Yen 0.007884 0.007463 to 0.009027 Fr Franc 0.16304 0.15673 to 0.18155 De. Mark 0.5467 0.5290 to 0.6129 What you provided is a daily exchange chart. It is not a fair comparison. In addition my geography is not that good, there are many names I never heard of in your table <g> Anyway, after hiking rate for 50 basis point, it is natural to see a rally today. But when you compare CDN$ against other major currency, thing does not looks good anymore, especially when our economic is very strong right now. Out of the G7, we only do better than Australian dollar but Aus is recovering since early January and we are still making records everyday until this morning. aC

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