a41 Posted June 3, 2009 Report Share Posted June 3, 2009 Anyone know if there's a way to lock in the current exchange rate for the next four years. I've heard there's a way. Yeah it's called take out a loan and convert it. Link to comment Share on other sites More sharing options...
DrEvil Posted June 5, 2009 Report Share Posted June 5, 2009 LOL...Well, I can only take 50 000 out of my line of credit per year, so I'm looking to lock the exchange rate for the other years as well, without actually depositing the funds. ...is this even possible...? ... Link to comment Share on other sites More sharing options...
ED527 Posted June 5, 2009 Report Share Posted June 5, 2009 Wait, I thought you had one hundred billion dollars? or were you foiled before you got the money? sorry I couldn't resist. I laughed! Link to comment Share on other sites More sharing options...
UserName Posted June 5, 2009 Report Share Posted June 5, 2009 LOL...Well, I can only take 50 000 out of my line of credit per year, so I'm looking to lock the exchange rate for the other years as well, without actually depositing the funds. ...is this even possible...? ... I think it's the whole concept of locking interest rates, with giving mortgages for sub-prime falling under the same category pretty much, is what contributed to the recession in the first place... if I heard a bank is still doing this, and then getting tax payer money for a bail out i will probably go kick them in the balls. Link to comment Share on other sites More sharing options...
Dayne67 Posted June 5, 2009 Author Report Share Posted June 5, 2009 Anybody starting to get nervous about the exchange rate. It's dropped to $0.893 US today. I'm thinking about converting enough for one year right now. Anyone else feel the same way? Link to comment Share on other sites More sharing options...
ED527 Posted June 5, 2009 Report Share Posted June 5, 2009 I'm thinking the same thing Dayne. I am debating between either converting one year's worth of tuition or converting about 30K now and then waiting another week or so to see if the rate goes up or down and converting the rest then. Link to comment Share on other sites More sharing options...
Dayne67 Posted June 5, 2009 Author Report Share Posted June 5, 2009 It's just so volatile right now. Initially, I was pretty optimistic that it could keep increasing, but right now I don't know. It could actually decrease with the price of energy stocks dropping, the bad job reports, and the deficit. I really don't know. Link to comment Share on other sites More sharing options...
Dayne67 Posted June 5, 2009 Author Report Share Posted June 5, 2009 Here's an article on Bloomberg that speculates on the outlook of the Canadian dollar: http://www.bloomberg.com/apps/news?pid=20601082&sid=aqnfEt73qzyY&refer=canada It's saying that it's likely to fall to $0.80 US by the end of the year. Just three weeks ago, the TD Chief Economist predicted that it would reach parity....it's all just so unstable and unpredictable. Link to comment Share on other sites More sharing options...
UserName Posted June 6, 2009 Report Share Posted June 6, 2009 It's obviously impossible to predict anything. any report or government action or global event out of nowhere can change things.. if i were you i would exchange small amounts whenever it's above a certain threshold that you set and that's it.. Link to comment Share on other sites More sharing options...
token Posted June 6, 2009 Report Share Posted June 6, 2009 I changed all my first year funds today (~20K)... I'm just going to keep monitoring it and maybe convert a little bit more whenever there's a spike. Link to comment Share on other sites More sharing options...
DrEvil Posted June 7, 2009 Report Share Posted June 7, 2009 Yeah...I'll probably convert 1/2 of my funds tomorrow and wait a bit until I convert the other half. ... Evil Link to comment Share on other sites More sharing options...
terryann Posted August 5, 2009 Report Share Posted August 5, 2009 Hey Silverman85 had it right...we are almost 94cents..get close to being at par... Link to comment Share on other sites More sharing options...
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