Foreign Currency
 

Any of you Canadian webmasters done anything with foreign currency options in order to hedge your earnings against further declines in the US dollar?

I need the name of a good broker that does this for individual investors.

bump

send me your money - i will safe keep it through this currency crisis

:thumbsup

he will scam you bro..
send to me :Graucho :Graucho :Graucho

hehehhee

Haha,nice:thumbsup

ok... any real answers?

if you are making significant u.s. $ and you are not doing it... you may want to consider it.

Hedging is normally done when you are giving payment terms, and the bill is not due for, say, 90 days.

I guess a regular cash flow from a web site is close enough.

But currently, I see the CAN$ moving lower against the USD for the rest of the year.

The Bank of Canada just lowered rates, the Fed raised US rates, and our trade is suffering from the higher CAN $.

All point to a falling CAN $.

I recommend you do not hedge.

:rasta

"I guess a regular cash flow from a web site is close enough."
- Ya think?


"But currently, I see the CAN$ moving lower against the USD for the rest of the year."
- I actually think the USD will move higher for awhile as well... I will use technical analysis to let me know when the timing is right to initiate the hedge/option. What is your basis for saying the rest of the year?


"I recommend you do not hedge."
- Thanks but I wasn't asking for a recommendation on whether I should hedge or not.

You can do this through your broker, or a bank.

Do some research on currency futures. You will need to put some margin in a broker account. Fluctuations settle daily. You should win/loose in the opposite direction to how your cash flow is affected.

Nope. I tried a few banks and a few brokers. There are specialty brokers that do this and that's what I am looking for.

Hmmm...

Check these guys out

http://www.refco.ca/

:rasta

xe.com ?