CDN/USD exchange

[2EFNFAST]

Forex has never been my strongsuit; I would always just currency hedge to remain neutral. Anyways, with the dollar coming back to almost par (at 0.90 right now), if it reaches 1 - 1.05 in the next 2-3months would it be a good time to convert 50k into usd, if you purchase a lot of stuff from the US? Or would it be better to hold out - is the general concencus that it may go higher, like 1.25 this time because of the weakness in the US?

[BigMass]

In the long term the US dollar is in huge trouble. I would definitely stay out of it. However, once the Canadian $ possibly gets back to over par, purchasing some goods from the US before they get re-priced to reflect the inflation the US is creating may not be a bad idea.

[broken_legs]

I would look at slowly moving into some USD right now. I don't feel that the CAD will get to par.


Sure long term the USD is in trouble. But short term I see the USD going up, and OIL going down, thus the CAD is going to get whacked.

[benyl]

Trouble is, the all the preditions have been thrown out because of the recent appreciation of the CDN.

It was predicted that the CDN would sit around $1.20 - $1.25 by the end of July. That is a long way to slide from where we are for the short amount of left to get there.

I am kind of pissed. I sold a piece of sporting equipment about 2 weeks ago based on an Exchange of $1.20. I held the cash hoping the CDN would drop to $1.25, but it went the other fucking way! haha.