Currencies - A World Of Change
Here are some charts that put the recent Foreign Exchange fluctuations in perspective: 
As the above graph shows, the Canadian dollar has been on an absolute terror lately, outperforming all of the major currencies relative to the $US. Below is the inverse chart showing other major world currencies against relative to the Canadian Dollar. 
Where will it end? The IMF has recently declared the $US to be still OVERVALUED, so expect the greenback to continue its devaluation. Students of history will recognize similarities between the current US$ and the English Pound (GBP) immediately after WWII when it lost it's reserve currency status and was devalued.
As the above graph shows, the Canadian dollar has been on an absolute terror lately, outperforming all of the major currencies relative to the $US. Below is the inverse chart showing other major world currencies against relative to the Canadian Dollar. 
Where will it end? The IMF has recently declared the $US to be still OVERVALUED, so expect the greenback to continue its devaluation. Students of history will recognize similarities between the current US$ and the English Pound (GBP) immediately after WWII when it lost it's reserve currency status and was devalued.
posted by Scott at 8:42 PM
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