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The Cost of 12 Days of Christmas

Posted by ryuzaki0 on from the five-precioussss-golden-rings dept.

CtrlPhreak writes "PNC bank once again has come out with the Christmas price index, the cost of the 12 days of christmas. The result, swans cost 66.7 percent up from last year. The total cost rose 18.8 percent from the last year to a grand total of... $65,264.28, the largest percentage increase since 1987."

1 of 271 comments (clear)

  1. Cost did not go up... by patricksevenlee · · Score: 5, Informative
    It wasn't so much the cost that went up as the fact that the US dollar is down this year.

    As a Canadian, one US dollar was worth $1.61 CDN in the beginning of this year. Now one US dollar is worth $1.31 CDN. Which means the US dollar this year has dropped about... 18.63%, which is eerily similar to the rise in price for the 12 days of Christmas!

    Take this into account, and 2 of the 3 major US stock indices are actually DOWN for the year.

    Dow Diamonds (DIA) was ~$87 USD in January and is now ~$101 USD.

    But the US dollar then was worth 1.61x the Canadian dollar and is now worth only 1.31x. So from where I stand, the DIA was ~$140 CDN in January and is now $133 CDN.

    S&P 500 (SPY) was ~$92 USD in January and is now ~$108 USD.
    That makes it $148.12 CDN in January and $141.48 now CDN.

    On the other hand, tech stocks are indeed up for the year:

    Nasdaq 100 (QQQ) was ~$26 USD in January and is now ~$36 USD.
    So that makes it $41.86 CDN in January and $57.96 CDN in December.