Prices vs. Currency Fluctuations

I wonder how this kind of currency fluctuation affects longer term product planning.

The Australian dollar climbed 34 per cent against the U.S. currency last year, outperforming the 25-per-cent rise in the New Zealand dollar and the 22-per-cent gain in the loonie

The whole story here. (http://gold.globeinvestor.com/servlet/ArticleNews/search/GAM/20040107/RDOLL07/stocks/news?query=australian%20dollar)

..and it climbed versus ours too. This time last year it was about 82-84 cents against Canada and now it's back up to near par (about .99).

I remember back in 1997 or so, the Aussie dollar was about 14 cents more than Canada's.

Jeff
:eek:

Originally posted by Captain Jeff Z28 I remember back in 1997 or so, the Aussie dollar was about 14 cents more than Canada's.

Jeff
:eek: [/B]

Going waaaay back the loonie was actually worth more than the greenback (or is it the "peachback" now ;)), and our government was looking to find ways to devalue it. History managed to care of that nicely on its own.

All major corporations hedge to some degree against currency fluctuations, so they don't feel the full brunt. At least not in the short term.

Originally posted by R377
Going waaaay back the loonie was actually worth more than the greenback (or is it the "peachback" now ;)), and our government was looking to find ways to devalue it. History managed to care of that nicely on its own.

All major corporations hedge to some degree against currency fluctuations, so they don't feel the full brunt. At least not in the short term.

Whats the loonie?

Originally posted by AnthonyHSV
Whats the loonie? Canadian dollar (coin), the $2 coin is the toonie. Hence why Canadian money is referred to as "play money" or "monopoly money" other than that fact it was worth just as much not too long ago.

Originally posted by AnthonyHSV
Whats the loonie?

Called that because of the Loon on the back of the $1 coin. The $2 coin (toonie, or possibly more correctly, twonie) has a polar bear on the back ...kinda difficult to generate a nickname from that. BTW both have the Queen on the "heads" side.


Originally posted by CamaroBoy96Z28
Hence why Canadian money is referred to as "play money" or "monopoly money"

Actually that's because each denomination of bill is a different color ...just like in monopoly money .....unlike American currency where you have to read the numbers. It's low value some time ago didn't help though :rolleyes:

Originally posted by poSSum
Called that because of the Loon on the back of the $1 coin. The $2 coin (toonie, or possibly more correctly, twonie) has a polar bear on the back ...kinda difficult to generate a nickname from that. BTW both have the Queen on the "heads" side.




Actually that's because each denomination of bill is a different color ...just like in monopoly money .....unlike American currency where you have to read the numbers. It's low value some time ago didn't help though :rolleyes:

Ahh ok, yes I remember last time I was in states I had to be careful with what note I was handing over, with it all the same size and colour.