Wednesday, September 19, 2007
Blame Bernanke
It's a hard week to be an American in Canada, with the US greenback falling to a 30 year low against the Canadian dollar. When the US Federal reserve cut interest rates yesterday, the loonie piled on another cent-and-a-half. All this adds up to some expensive beers for American delegates at FOSS4G, sorry guys! Back when I started planning in January, it was looking like a much cheaper trip for you folks.
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2 comments:
For us Mexicans (though, according to the FOSS4G program, there'll be just two of us) it's even worse.
The Mexican Peso depends nearly exclusively on the US-Dollar. When the "gringo money" goes down, so the Peso does.
Well, no beer for me in Victoria... ;-)
at least it makes the math easy though, especially for those of us from hard currency zones who happen to be paid in US dollars currently.
Ian
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