Quote:
Originally posted by CDSmith
It's a risk, but I don't see the harm in taking it. I strongly feel that the exchange rate will decrease some more, then over time it will go back up to a certain level. If it bottoms out at $1.38 and then a year later it's at $1.47, for every $10,000 US you moved over to your Cdn account you'd earn an extra $900 Cdn or so.
[ edited for typos ]
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Interesting that you think the low end risk is 1.38 - this table might suggest otherwise.
http://blacktusk.commerce.ubc.ca/cgi-bin/fxdata