Quote:
Originally posted by davidd
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.
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DavidD, I've got some Australian cash right now, watching the Aussie dollar climb vs the US right now, its 74cents right now, is there anywhere to check online the previous highs in the 90's for the aussie dollar vs US? its the boom bust cycle, as soon as the aussie dollar hits 78cents or 80cents its going to peak and then kill exports and the Australian economy will slow big time, then the dollar with start dropping again. I'd like to know the previous high so I can plan when to move some Aussie money into US.
Is there somewhere online to check this stuff?
Thanks mate
Matt