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Will a Canadian dollar be worth more than a U. S. dollar by the end of May, 2008
Voided
settlement options not mutually exclusive
Background:
With the fall of the US $ continuing for the most part, several currencies are now experiencing a period of near equity with the American currency. Currently (5/4/08) the Canadian dollar is valued at 0.980969 USD. Will it continue to strengthen against the US $ and be rated at a level higher than 1.00 USD anytime during May, using the daily closing value as a guide?
Settlement details:
As reported by a major mainstream news source.
Voided
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Yes, the Canadian dollar will be valued at more than 1.00 USD |
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No, the Canadian dollar will not be valued at more than 1.00 USD |
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The best it will do is be valued at exactly 1.00 USD |
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Voided Sat 17th May 2008 9:04pm PDT
Suspend date: Fri 30th May 2008 12:59am PDT
Initial likelihoods: Yes, the Canadian dollar will be valued at more than 1.00 USD: 46%, No, the Canadian dollar will not be valued at more than 1.00 USD: 50%, The best it will do is be valued at exactly 1.00 USD: 4%
Action history:
Settlement requested Sat 17th May 2008 12:52pm PDT by 
spyder
: The Canadian dollar closed at $1.002 USD as reported by (for example) the Globe and Mail
http://www.reportonbusiness.com/servlet/story/RTGAM.20080516.wloonie0516/BNStory/Business/home?cid=al_gam_mostview
spyder: The Canadian dollar closed at $1.002 USD as reported by (for example) the Globe and Mail
http://www.reportonbusiness.com/servlet/story/RTGAM.20080516.wloonie0516/BNStory/Business/home?cid=al_gam_mostview
Voided Sat 17th May 2008 9:04pm PDT by 
andrew
: settlement options not mutually exclusive
andrew: settlement options not mutually exclusive
Suspend date: Fri 30th May 2008 12:59am PDT
more info...
Get widget!Predictions (110)
110 predictions
33 weeks ago
myunion
predicted Yes, the Canadian dollar will be valued at more than 1.00 USD (H$20 at 89%)33 weeks ago
rafalotufo
predicted Yes, the Canadian dollar will be valued at more than 1.00 USD (H$50 at 89%)33 weeks ago
emptywin
predicted No, the Canadian dollar will not be valued at more than 1.00 USD (H$40 at 7%)33 weeks ago
allenger
predicted Yes, the Canadian dollar will be valued at more than 1.00 USD (H$100 at 70%)
kennyk
bcguelph
predicted The best it will do is be valued at exactly 1.00 USD (H$20 at 9%)
ryanb37
predicted The best it will do is be valued at exactly 1.00 USD (H$1,000 at 13%)
kungpaolonComments (8)
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0.9942
So close!!!
1.0005 per http://bloomberg.com/markets/currencies/fxc.html
By the wording of the question I assume that par has been reached (choice #3), that choice #2 is false, and that it must close at $1.01 or more in the rest of the month for choice #1 to be correct.
Andrew
Hubdub Category Manager
It's last close was $1.002 USD. Rounding means it was NOT valued at more than 1.00 USD and that it's best so far was exactly 1.00 USD.
I'm guessing the original intent was 3 options: a Close Over 1.00 USD (=>1.01), all Closes Under 1.00 USD (=<0.99), or Best Close Exactly 1.00 USD (=1.00)
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