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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (53722)6/5/2000 2:05:00 PM
From: goldsheet  Read Replies (2) | Respond to of 116791
 
>If memory serves me right, the Canadian dollar traded at around .89 cents back in the mid 80's, and was actually above $1.00 U.S. in the late 60's

The last time the $C was worth more than the $US was around November 1976.
It moved down to almost 70 cents by early 1986,
bounced back to almost 90 cents by late 91,
then resumed its downtrend hitting 63.7 cents in August 1998.

You can do a nice chart back to 1971 at:
pacific.commerce.ubc.ca

Another Reference: stls.frb.org



To: Alex who wrote (53722)6/5/2000 2:16:00 PM
From: philv  Read Replies (2) | Respond to of 116791
 
<the loonie came by its value fair and square>

I wish things were as simple and as that. Sure would be an easy way for governments and CBs to set their currency values. Swiss Frank should have lost half its value, British pound near worthless, add Brazil, Argentina, Holland, etc. Some countries hold no gold in reserve. Fact is currency values are neither punished nor rewarded for the amount of gold held in reserve.


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