Chinese Yuan undervalued by 40-50% to US$imeNot sure if the below will post properly but another variable over time that may work well in MPE's favour is all revenue currently is in Chinese Yuan which the IMF feels is 40-50% undervalued to the US $ based on GDP growth. The Chinese economy has grown by 800% over the past 14 years compared to the US just doubling.
A dramatic increase in the Chinese yuan would increase profits once converted to Canadian $ even if the Canadian $ isn't as weak as the US dollar. This would not be a overnight event but even if only partially correct could be a benefit. Out Cdn dollar went form .62 to the US dollar to being close to $1.10 at its peak within 5 years.
So another plus in my mind for MPE
In the table below, you can see on a purchasing-power parity basis, the Yuan (China's currency) is 40 percent to 50 percent too cheap relative to the U.S. dollar