he currency exchange market has been in quite a mood lately, spelling trouble for those traveling around the globe, or working abroad and trying to send home money.
In the last few months, I’ve watched in horror as my home currency, the Canadian dollar, rose up to parity with the US dollar, and is now sitting at 1.05 US. The Mexican peso, which is the currency my unfortunate salary is denominated in, is pretty much tied to the greenback, so it declines in tandem with the US dollar.
Canadian TEFLers in Japan are unhappy as well as they watch their previously handsome salaries get whittled away as they try to pay back student loans back home.
What’s to blame for all the changes lately? Let’s ask the experts…
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