Exchange rates
Posted: Sat Feb 18, 2012 9:49 am
Does hurt doesn't it George! Consider most of the stuff I have in the yard
that I bought at $1.53cdn to $1.00us and now can't even get $1.16cdn when I
deposit a US dollar! Ie: I'm losing 37 cents Cdn on every us dollar I get in
exchange for any stock I bought when our dollar was low. For example the
freshly overhauled EDO 3500 amphibs that I bought in US funds.... I needed
about $65,000 Cdn to break even on them and now can't even ask $50,000 for
them since the US dollar value hasn't changed (and how all certified
aviation items are priced)! Or the wing and fuselage kit I sold to Jesse for
an agreed US dollar value. I figured all would be well since the dollar
value was about 1.30/1.00 at the time and now that I am depositing Jesse's
money at 1.1625 it kinda hurts to the tune of about $1700cdn lost on
exchange fluctuation alone.
And someone wondered why MAM's pricing was a bit hard to follow right now!
)
Wayne
----- Original Message -----
From: "George Coy" <george@gesoco.com>
To: <rebel-builders@dcsol.com>
Sent: Monday, December 06, 2004 3:33 PM
Subject: RE: List fund raiser?
I am beginning to understand how you Canadians feel
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that I bought at $1.53cdn to $1.00us and now can't even get $1.16cdn when I
deposit a US dollar! Ie: I'm losing 37 cents Cdn on every us dollar I get in
exchange for any stock I bought when our dollar was low. For example the
freshly overhauled EDO 3500 amphibs that I bought in US funds.... I needed
about $65,000 Cdn to break even on them and now can't even ask $50,000 for
them since the US dollar value hasn't changed (and how all certified
aviation items are priced)! Or the wing and fuselage kit I sold to Jesse for
an agreed US dollar value. I figured all would be well since the dollar
value was about 1.30/1.00 at the time and now that I am depositing Jesse's
money at 1.1625 it kinda hurts to the tune of about $1700cdn lost on
exchange fluctuation alone.
And someone wondered why MAM's pricing was a bit hard to follow right now!
)Wayne
----- Original Message -----
From: "George Coy" <george@gesoco.com>
To: <rebel-builders@dcsol.com>
Sent: Monday, December 06, 2004 3:33 PM
Subject: RE: List fund raiser?
I am beginning to understand how you Canadians feel
George Coy
President
Gesoco Industries Inc.
629 Airport Rd.
Swanton, VT 05488
TEL 802-868-5633
FAX 802-868-4465
Web Site www.gesoco.com
e-mail George@gesoco.com
Franklin County Airport (KFSO)
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