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.

bump then bed

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.

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.

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!!!!

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.

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

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

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...

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.

Me too :(

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.