Thursday, November 06, 2008
Upside of the Downside
With all the market volatility of late, there is nevertheless an upside for some.
The global economy has reverted back to the US dollar for its currency standard. And it is stronger than it has been for quite some time. What this means for us in Canada is that our Canadian dollar has dropped in value compared to the US dollar. The Canadian dollar is now at about $0.85 to $1.00 USD.
It is now cheaper--than it has been for a long time--to buy Canadian!
Because my patterns and yarn are priced in Canadian dollars, purchasing them these days amounts to a 15% discount for US customers. For example, a pattern selling for $10.00 CAD will now be approximately $8.50 in US dollars. (PayPal makes the conversion for you at the time of purchase.)
To check for your local currency, you can go here.
So if there is a pattern or some yarn that you have had your eye on, well, this may be a good time to make your purchase...
