Yes, the Canadian Dollar's highest peak was $1CAD = $1.08USD. This type of thing never happened after the 1970s as the Canadian Dollar was approximately 90 cents American until 6 months ago when the Canadian dollar (and possibly other currencies as well) skyrocketed. What does this mean? Buying power. However, little do happy Canadian shoppers know, the high dollar is impacting people like me. Yes, it impacts the manufacturing and export sectors, but the less known aspects it hits are families with members who work at other places on Earth to provide a living back home.

For example, my father works in Hong Kong and the rest of us lives in Toronto. Due to the skyrocketing loonie, now my dad needs to work many times harder to earn that $1 Canadian compared to couple years ago. The bad thing is that as long as the American Dollar drops, the Hong Kong Dollar drops, so it's bad news for me .

So, this means that as long as the American Dollar drops, many people will suffer, even shoppers (yes, we still get charged more than Americans do for the same good. Damn businesses and their gouging.)

xboxrulz

Just the day before, I was reading the effects of the surging value of INR (Indian Rupees). The last time I checked its relative value, it was around 48 and now it's around ~40. The change has come about in the span of 2 months. This is affecting companies/individuals who primarily earn in US Dollars.

So what's the actual exchange rate over there in India?

xboxrulz

One thing to note is that a lot of the other currencies are not actually skyrocketing. The US dollar is the primary cause of the changes because it is falling a lot. Sure, the Canadian dollar is rising t some extent but it is not causing the majority of the variance in dollar values which is why other countries also seem to be 'skyrocketing'. The US dollar has simply been a cornerstone for so long that shifts in relation to it usually are considered to occur on the side of the other countries and not the US itself.

That said I've seen it affecting alot of people too. US companies are unwilling to deal with Canadian companies in certain respects to avoid the use of the higher canadian dollar, some american retailers wont sell products for canadian coinage, etc. Canadian companies are having trouble selling to american companies so they need to reduce workers. It's impressive the power the economy of other nations has around the globe.

1 USD = 39.190 INR

The following is a graph showing the trend of the exchange ratio for this year.

the american dollar was almost worth 1 australian dollar a few weeks ago. it was meant to reach 1 australian dollar by the end of the year but now its going back down i was buying a vbulletin at the end of the year and i want it as cheap as possible, lol.

Well, better buy vBulletin now before the AUD keeps plummeting.

The Canadian Dollar dropped yesterday, but has quickly regained today back to 1.03 from yesterday's major drop to 1.01 from 1.08.

xboxrulz

It's intresting you say other curriences are sky-rocketing. Here (UK) the dollar is said to be going down, and because it's against every steady currency I'd put it that way. Even Gisele bush-unspellable lastname won't be paid in dollars anymore. And I think a lot of Europeans are doing Xmas shopping in NY, even last year.

I've heard the exact opposite. Unless your currency is tied to USD, it's skyrocketing. Maybe I'm wrong. However, how the Canadian dollar is doing is scaring the living crap out of me.

xboxrulz

Here the Dollar is tied to the Pakistan Rupee, so the swings between the two are minimal... since the beginning of this year, the Dollar's only increased in value of about 1.5 rupees. However, other currencies like the Pound and Euro have really taken off. The Euro in particular, has shot up nearly 17 rupees since January, which is good for me, since I have my cash in Euro.