Rising Euro?, or falling USD?

U.S. and Canadian hit Par again today.
Word is we should go stronger than U.S. . Not since I was too young to care has it been that way.
It is now cheaper to buy Naish and a few other brands down south than in the local kitesurf shop.

Quote:

Originally posted by Bladerunner It is now cheaper to buy Naish and a few other brands down south than in the local kitesurf shop.

Same here ... which I did and made the mistake of telling a local kite shop guy who threw a tantrum and now won't speak to me. Considering I put about $3,000 over the past 3 years his way, I thought it was pretty bad of him ... especially considering that buying a kite here, even with mate's rates, is still double the online prices :o

Quote:

Originally posted by InvertedForce More than likely the USD deflating in value. You can only slice a dollar bill so many times before it becomes nothing. The last two decades, the value has been in a decline despite a few minor jumps here and there... Bush certainly didn't help it at all with the massive debt he created, but Obama sure sealed the deal with all these bailouts and stimuli. Our money is no longer based on the gold standard (as I'm sure you're well aware) but rather on a fractional reserve lending system. Money is created virtually as DEBT, not as actual currency, and they keep printing paper to account for that massive debt, when in all reality if that debt doesn't get paid, the dollar's value goes down. Glad I don't deal with currency exchange much. The other day CAN and USD were almost exactly the same. $ 1.00 USD = $ 1.00453 CAD :dunno:

Not to worry. There's always more places to the right of the decimal place

Quote:

Originally posted by kteguru Not to worry. There's always more places to the right of the decimal place

That's what I'm afraid of.
I have to think hard about dealing in USD and changing to Euros only, I watch the USD fall moment by moment.
The Euro was 1.22 to the USD 38 days ago and today it is 1.403, went up .03 in the last 4 hours.

Quote:

Originally posted by bigkid Quote: Originally posted by kteguru Not to worry. There's always more places to the right of the decimal place That's what I'm afraid of. I have to think hard about dealing in USD and changing to Euros only, I watch the USD fall moment by moment. The Euro was 1.22 to the USD 38 days ago and today it is 1.403, went up .03 in the last 4 hours.

1.22 was after a big drop though wasn't it. I remember the Euro was 1.35 or 1.4 at this time last year.

I heard that that a high euro/dollar was good for the US economy. They said that it helps US exports because it makes them cheaper over their which helps boost the economy.

But I see how it is bad news for the kite biz in the US since so many of the mfr's are based overseas. Especially the foils.

the currency always changes but kite prices shouldnt for one season if possible

buy from us, we dont have floating prices, they stay the same in both CAN / USA is par.

LOL.!!!! :P:D

Quote:

Originally posted by ripsessionkites the currency always changes but kite prices shouldnt for one season if possible buy from us, we dont have floating prices, they stay the same in both CAN / USA is par. LOL.!!!! :P:D

The subject is Euro = USD, or though I thought.

Hang n there KID, as I have seen the Euro exchange rate higher. This too will pass. Just think if the exchange rates get to high maybe we will make this stuff in our own country, and who knows maybe put our people back to work.