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Organizers of the popular TransRockies event in Canada pointed out that the falling value of the...
Organizers of the popular TransRockies event in Canada pointed out that the falling value of the Canadian dollar relative to the Euro and the US Dollar has made the cost of entering the eighth edition of the race, scheduled for August 9-15, relatively cheaper for many racers coming from abroad.
"As world commodity prices have fallen, so has the loonie [Canadian dollar - ed.] against both the US Dollar and the Euro," said TransRockies representative Paul Done. "After hovering around par for most of the last year, the loonie's slide means that the US Dollar is now worth over $1.20 Canadian while the Euro has also gained significantly, around 15% [at the time of writing - ed.]."
The fluctuations in the value of the Canadian dollar translate into hundreds of dollars lower cost to register, stay and travel per person for Americans and Europeans entering the race.
Organizers have said they process all entries at the current exchange rate of the day the entry is received. Entries for the 2009 event are 50% filled.
For more information, visit www.transrockies.com.