- Thread starter windeguy
- Start date
Where will the US dollar be going?
You are correct.
The Euro was to begin trading at 1:1 against the dollar and on that day, much like a hot and in demand IPO priced at 1....the Euro opened substantially higher.
This was the first day that Francs/Lira/D-marks could be converted and there was overwhelming initial demand such that the new Euro opened well above parity with the dollar....but that was short lived as the Euro dropped to .82 USD within a two year period...then in about 2002 it began a run against the dollar until it reached 160 +/- during the financial crisis....and the air has slowly been coming out of the Euro ever since.
The chart of the peso on the other hand, with the exception of IMF intervention during the baninter banking crisis, represents a down hill ski slope as to its value against both the Euro and the USD.....but nowhere near as bad some of the currency runs in Brazil, Argentina and Venezuela.
Respectfully,
Playacaribe2
Distributed evenly of course!
One for me, one for the people.
Two for me, one for the people.
(After all, the people will then have two also, in D.R. logic)
But it was originally intended to start at parity with the dollar. Market deman caused it to start higher.
Loonie for the US dollar to rise?
I cannot imagine a Canadian that is not in business selling goods to the US who would want to see his currency fall. Let alone one who lives in Canada the large majority of time each year.
The Loonie (and the Euro) dropping like a stone in the bay of Cabarete will cause property values in to fall in the DR because of the lower buying power of the Loonie and Euro. Less demand for properties.
Far more Canadians and Europeans and far fewer Americans are interested in property in the DR. This negates any perceived benefit on a small investment in a Dominican property for a Canadian (who is not even selling) when the Loonie drops versus the USD, since the Canadian seller has to sell at a good price and will not be able to because of overall reduced demand..
To think otherwise is Loonie or naive.
I cannot imagine a Canadian that is not in business selling goods to the US who would want to see his currency fall. Let alone one who lives in Canada the large majority of time each year.
The Loonie (and the Euro) dropping like a stone in the bay of Cabarete will cause property values in to fall in the DR because of the lower buying power of the Loonie and Euro. Less demand for properties.
Far more Canadians and Europeans and far fewer Americans are interested in property in the DR. This negates any perceived benefit on a small investment in a Dominican property for a Canadian (who is not even selling) when the Loonie drops versus the USD, since the Canadian seller has to sell at a good price and will not be able to because of overall reduced demand..
To think otherwise is Loonie or naive.
Also the fallout of there currencies will affect tourism as a whole this coming winter.
Presipi$$ for Breakfast
Not much.
The wealthy will always have enough money to go on holidays.
(But may go to the Bahamas instead... :lick: )
The cheapies will be lured by cheap AI's and then complain about not getting bottled Presidente and lobster for breakfast... :tired:
donP
Not much.
The wealthy will always have enough money to go on holidays.
(But may go to the Bahamas instead... :lick: )
The cheapies will be lured by cheap AI's and then complain about not getting bottled Presidente and lobster for breakfast... :tired:
donP
With respect to the North Coast it has long been a bargain place to visit. So it does have a dramatic effect here on tourism. People who have lived here for 20 years say this is the worst year they have seen. Depreciating Loonie and Euro will not improve tourism for the budget traveler here.
Article in "Diario Libre" today about 2,000 hotel rooms taken off the market in Juan Dolio in the last year!!!!
Guess Pichardo missed it!!!
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Guess Pichardo missed it!!!
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I obviously understand the big picture more than you. The issue you ignore is that you think you will get back more. You ASSUME that your property will either be at the same value or greater than when you purchased it in US dollars.
But the buying power of the clients from Canada and the EU is going down and there may be ZERO interest until the price drops to what the market will bear. There is no guarantee that you will sell for more than you paid even considering the FOREX benefit.
I see this happening right now for a much nicer house just one street from your location. ZERO interest after the price has dropped under what they paid to build it.
Immaculate condition with not one offer for years.
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