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Old 03-14-2003, 03:49 PM   #1
umnitza
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General Reminder on Currency Rates



The current CAD versus the US Dollar is the strongest it's been in 2.5 years.

And, the dollar is weakest against the Euro in almost 3 years.

So, if you're thinking about buying something from the US and you have non-US funds, now is the time.

Subsequently, if you're planning to purchase or travel now might not be the best time.
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Old 03-14-2003, 04:28 PM   #2
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yeah I noticed, selling used parts to the US sucks right now
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Old 03-14-2003, 04:37 PM   #3
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I hate this!!! I'm getting paid in US funds and I'm losing a lot of money right now, Damn Bush with his damn war. Fighter wannabe, if he wants to fight, go fight on your own.
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Old 03-14-2003, 04:58 PM   #4
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w00h00!!
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Old 03-14-2003, 06:09 PM   #5
Miguel
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doesn't that mean that now that the US dollar is lower you should be BUYING US dollars and sitting on it till it goes up?

Hoe please
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Old 03-14-2003, 09:34 PM   #6
Harry
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Quote:
Originally posted by Miguel
doesn't that mean that now that the US dollar is lower you should be BUYING US dollars and sitting on it till it goes up?

Hoe please
If your intent is to sit on it and exchange it back into canadian at a later date, your idea will not work. As an individual, everytime u buy or sell us money u are paying a premium, usually about 2 cents on the dollar either way. The dollar does not sway that much quickly. U would be better off to take that money and invest it in a money market fund at 3% than to play the exchange game.
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