Quote:
Originally posted by quiet
pure conjecture, but that's what GFY is all about. has it bottomed out? will it be turning around soon?
or is this a 'correction' that will not see much change for some time?
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Currency trends are never quick to reverse themselves. Especially with the overwhelming circumstances surrounding the decline in the USD.
It will get worse before it gets better.
Keep on exchanging your payouts to CAD as quick as you get them.
The above is not fear mongering it is merely fact. To be honest with you though, the levels we are seeing now on the USD/CAD, USD/AUD, USD/NZD are equivalent to what they were in the 80's. None of my ForEx services allow me to go back to the 80's but I remember vacationing in OOB, Maine when the CAD used to convert to $.85.
But I feel your pain, when just 2 years ago, being paid in USD was a windfall of cash.