So how long are you canucks going to hold on to your US dollars?

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  • Suckitbitch
    Confirmed User
    • Jul 2003
    • 278
    #1

    So how long are you canucks going to hold on to your US dollars?

    We have seen the biggest drop ever in currency trading beetween the two countries.

    Traditionally it takes 5-10 years for major moves, up or down.

    We are looking at a 1 year drop over the past year of 36.5%... another record broken for the heir Bush administration.

    Bearing the past in mind, it would theoretically take about 20-25 years for the rate to climb back up to where it was.


    Can you let your US dollars sit in a US account while you get raped for service fees for that long?

    Just what the hell are you going to do?
    Tags: None
    • xxxdesign-net
      My hips don't lie
      • Nov 2002
      • 10129
      #2
      well, its now a bit too late to change your US $ in to canadian ones... It might go up for 2-3% more... can also drop a bit.... that would have been a good move to do when the canadian dollar was at $0.70..... or less

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        • BRISK
          Too lazy to set a custom title
          • Feb 2003
          • 12240
          #3
          You mean the US Peso?
          I post on GFY so that when people ask me what I do,
          I can tell them that I work with the mentally retarded.

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            • doober
              Confirmed User
              • Jul 2003
              • 6984
              #4
              Originally posted by BRISK
              You mean the US Peso?
              almost

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                • Suckitbitch
                  Confirmed User
                  • Jul 2003
                  • 278
                  #5
                  Originally posted by xxxdesign-net
                  well, its now a bit too late to change your US $ in to canadian ones... It might go up for 2-3% more... can also drop a bit.... that would have been a good move to do when the canadian dollar was at $0.70..... or less

                  Depends. I would agree that the bank of canada will try to slow down the drop in rates and we may see a slight increase of 1%-2% this week but the trend is going to be downward. According to some, the fall of the ponzi dollar has only just begun.

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                    • ZoiNk
                      Confirmed User
                      • Feb 2002
                      • 2370
                      #6
                      I convert them to canadian as I get the money. Going for an average effect then trying to guess the currency markets.
                      ZoiNk
                      "People can have the Model T in any color - so long as it's black." - Henry Ford

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                        • Monk
                          Confirmed User
                          • Jan 2003
                          • 631
                          #7
                          I'm just waiting for CDSmith to tell me when.

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