Good time to convert Candian$ to USD? - GoFuckYourself.com

andrew1009 · 08-05-2009, 01:32 AM

I'm thinking about converting a bunch of Canadian cash into USD.

Should I do it now or do you think I should wait it out a bit?

Discuss.

andrew1009 · 08-05-2009, 03:13 AM

bump then bed

JimmiDean · 08-05-2009, 03:13 AM

Nope,
Canadain will hit par or above in the next six months.
I am looking for a summer home in the U.S and almost every banker and realtor says to wait.

BlackCrayon · 08-05-2009, 04:18 AM

a few months ago would have been when it was 1.20-1.25 for ever US dollar. Right now its like 1.04-1.05...sucks.

miscak · 08-05-2009, 06:13 AM

I think the Americans play too much with US dollar! China and Russia don't like ti and the rest of the world will surely soon be tired of such a weak dollar!!!!

slapass · 08-05-2009, 06:18 AM

Quote:

Originally Posted by JimmiDean

Nope,
Canadain will hit par or above in the next six months.
I am looking for a summer home in the U.S and almost every banker and realtor says to wait.

Usually i would take that as a clear sign to do the opposite.

JimmiDean · 08-05-2009, 06:26 AM

Quote:

Originally Posted by slapass

Usually i would take that as a clear sign to do the opposite.

He is buyinh US from what I understand?
If you are buying 100k in American it costs 109K Canadian.
Wait 6 months and 100K US will cost 100K Canadian.
Looks like a savings to me.

shimmy2 · 08-05-2009, 07:08 AM

i just exchanged some cash at this indian casino on the can/us border and got 90 cents on the dollar. 3 weeks ago it was 85 cents. dont count on the can/us currency going all lopsided like it did last winter...i think for a few days it was up to $1.10can for 1.00us, then the bottom fell out and forex traders were burning down their houses

Simon_Spicecash · 08-05-2009, 07:17 AM

My Bank manager says CAD will make par in the next few months as well...but I have no idea, I don't really follow the markets much.

I just want it to go back to ~1.20 /sadface

Angry Jew Cat - Banned for Life · 08-05-2009, 07:46 AM

I want to see the US dollar grow stronger, and the CAD tank. I miss the days of getting back like 35-40 cents on the dollar cashing my affiliate checks.

It's beena long time now...

rabbit · 08-05-2009, 08:13 AM

depends on what time frame you're looking at.
i just bought USD because in the short term the canadian $ is overvalued.
once we get a market correction, it will prop up the USD and i will sell USD, because by year's end it should be on par, if the markets keep their gains.
however, if we are in a bear market rally, i think the USD can go back up to 1.20 or higher once the rally tanks.

OrangeContent · 08-05-2009, 08:16 AM

Quote:

Originally Posted by EDSmontreal

My Bank manager says CAD will make par in the next few months as well...but I have no idea, I don't really follow the markets much.

I just want it to go back to ~1.20 /sadface

Me too

2MuchMark · 08-05-2009, 09:10 AM

I asked the same question at my bank and got 2 different answers. One suit said that US will be at par with CAD soon, and another says the Canadian Government will step in due to pressure from exporters (like me!) to lower interest rates to offset our dollars rise.

The Canadian dollar dropped 1 cent compared to the US value since yesterday. First drop in about 2 weeks I think. Yay.

While I'm happy to have the difference at only about 7 cents in time for Internext, I wish it would go back to the 25-35 cent mark like it was in the good old days.

08-05-2009, 01:32 AM	#1
andrew1009 Confirmed User Join Date: Jul 2002 Posts: 801	Good time to convert Candian$ to USD? I'm thinking about converting a bunch of Canadian cash into USD. Should I do it now or do you think I should wait it out a bit? Discuss.

08-05-2009, 03:13 AM	#3
JimmiDean Confirmed User Join Date: Nov 2004 Location: Margarittaville Posts: 3,433	Nope, Canadain will hit par or above in the next six months. I am looking for a summer home in the U.S and almost every banker and realtor says to wait. __________________ My God there's Porn on here! Still on the Beach !!!

08-05-2009, 04:18 AM	#4
BlackCrayon Too lazy to set a custom title Join Date: Jun 2003 Location: Ottawa Posts: 19,631	a few months ago would have been when it was 1.20-1.25 for ever US dollar. Right now its like 1.04-1.05...sucks. __________________ you don't know you're wearing a leash if you sit by the peg all day..

08-05-2009, 07:08 AM	#8
shimmy2 Confirmed User Industry Role: Join Date: Mar 2009 Location: Dominican Republic Posts: 3,243	i just exchanged some cash at this indian casino on the can/us border and got 90 cents on the dollar. 3 weeks ago it was 85 cents. dont count on the can/us currency going all lopsided like it did last winter...i think for a few days it was up to $1.10can for 1.00us, then the bottom fell out and forex traders were burning down their houses __________________ Make $$$ with Toticos.com! \| Email: 1bluemiata@gmail \| Joutube: ShimmyCash \| Faceberg: ShimmyCash

08-05-2009, 07:17 AM	#9
Simon_Spicecash Confirmed User Join Date: Jun 2007 Location: Montreal Posts: 524	My Bank manager says CAD will make par in the next few months as well...but I have no idea, I don't really follow the markets much. I just want it to go back to ~1.20 /sadface __________________ Spicecash.com - The home of Wasteland.com - In the Business of BDSM since 1994! Gotta be doing something right to stay in the online business that long. Slaveduties Blog ICQ: 432-861-972

08-05-2009, 06:13 AM	#5
miscak Confirmed User Join Date: Jan 2008 Location: Rijeka, Croatia!!! Posts: 140	I think the Americans play too much with US dollar! China and Russia don't like ti and the rest of the world will surely soon be tired of such a weak dollar!!!!

08-05-2009, 07:46 AM	#10
Angry Jew Cat - Banned for Life (felis madjewicus) Industry Role: Join Date: Jul 2006 Location: In Mom & Dad's Basement Posts: 20,368	I want to see the US dollar grow stronger, and the CAD tank. I miss the days of getting back like 35-40 cents on the dollar cashing my affiliate checks. It's beena long time now...

08-05-2009, 08:13 AM	#11
rabbit Confirmed User Join Date: Jul 2003 Location: Montreal Posts: 2,124	depends on what time frame you're looking at. i just bought USD because in the short term the canadian $ is overvalued. once we get a market correction, it will prop up the USD and i will sell USD, because by year's end it should be on par, if the markets keep their gains. however, if we are in a bear market rally, i think the USD can go back up to 1.20 or higher once the rally tanks. __________________ Got a paysite? Get it reviewed by RabbitsReviews and TheBestPorn

08-05-2009, 09:10 AM	#13
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,587	I asked the same question at my bank and got 2 different answers. One suit said that US will be at par with CAD soon, and another says the Canadian Government will step in due to pressure from exporters (like me!) to lower interest rates to offset our dollars rise. The Canadian dollar dropped 1 cent compared to the US value since yesterday. First drop in about 2 weeks I think. Yay. While I'm happy to have the difference at only about 7 cents in time for Internext, I wish it would go back to the 25-35 cent mark like it was in the good old days. __________________ Custom Software \| Server Management \| Integration and Technology Solutions https://www.2much.net