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03-16-2018, 05:15 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Dollar exchange- time to cash in or wait?
I am thinking another 1/2c and I am going to cash in my USD for CAD. Will see Monday I guess, I am sure glad we aren't going on a late trip to the States. Good thing is cashing in now means my trip to LA was almost free, I paid $12000 CAD for $10000 USD and cashing in my $8992 USD right now is $11764 minus the bank cut. Another couple cents and I am right back where I started in September.
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought..... 
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03-16-2018, 05:22 PM
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Join Date: Jul 2010
Location: Edmonton
Posts: 11,858
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Let it ride !!!!!! Let it ride !!!!!
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03-16-2018, 05:51 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Quote:
Originally Posted by EZM
Let it ride !!!!!! Let it ride !!!!!
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You are thinking we are going deeper into the pool?
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-16-2018, 07:13 PM
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Join Date: Nov 2007
Posts: 1,721
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Quote:
Originally Posted by Ken07AOVette
You are thinking we are going deeper into the pool?
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Most definitely.
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03-16-2018, 07:14 PM
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Join Date: Nov 2007
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But then I could be wrong as I usually am.
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03-16-2018, 07:52 PM
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Join Date: Jun 2007
Posts: 1,021
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His dad loved it when we were lower than this and I suspect JR. Will be taking us on the same train ride as it’s the only play book he has read.
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Visit the Peace Country Fish & Game Association
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03-16-2018, 07:57 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Well if it goes a couple more cents I will cash out. I have seen par and higher a few times and 1.40 many more. The next time we hit par or close I am going to buy 6 digits USD then ride the roller coaster.
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-16-2018, 09:04 PM
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Join Date: Jul 2010
Location: Edmonton
Posts: 11,858
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Quote:
Originally Posted by Ken07AOVette
You are thinking we are going deeper into the pool?
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I was just making a joke really - but seriously speaking ....
It's so hard to say ...... I read up to 1.37 by mid April ...... but honestly almost anything can happen between now and then and with Mr.Trump just south of our border ....it just makes predicting anything tough. What happens day to day is just a special kind of surprise party scary.
I'd say there will be a significant change when the tarrif/nafta thing works it's way through and we get an idea of maybe which direction we are headed.
So hard to tell - we (our company) put in 1.37 for April Mid point anyways.
Currency Hedging can be as rewarding as it can be painful.
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03-16-2018, 09:22 PM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,128
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Quote:
Originally Posted by Ken07AOVette
Well if it goes a couple more cents I will cash out. I have seen par and higher a few times and 1.40 many more. The next time we hit par or close I am going to buy 6 digits USD then ride the roller coaster.
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I wish that I was confident that I will live long enough to see par again.
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Only accurate guns are interesting.
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03-16-2018, 09:33 PM
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Join Date: Feb 2008
Posts: 3,082
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Quote:
Originally Posted by EZM
Let it ride !!!!!! Let it ride !!!!!
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X3. Dollar going to <$0.70. Poloz scared to raise interest rates, Trump going to get in the ring with JT.
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03-16-2018, 09:44 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,239
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I'd hold for a bit yet Ken, I see it dropping more yet. It sure isn't coming back this week imo...so be patient. You are ahead anyway, wait till you see the 'reverse'.
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'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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03-16-2018, 09:50 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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I agree guys, every 6c is another $600 For every $10,000
Tyvm
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-17-2018, 08:36 AM
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Join Date: Apr 2011
Posts: 578
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Cdn $
Be patient, according to many Forex-Hedge Analysts the concensus is that the Cdn. dollar will continue dopping until May, bottoming out in the 62 cent range.
The probability that it hits .62 is 50/50, the probablity it hits .68 is 80/20.
These are forecast fom people a lot smarter than me, and I have been trading Forex on their forecast for years!
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03-17-2018, 08:47 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Quote:
Originally Posted by mcreg
Be patient, according to many Forex-Hedge Analysts the concensus is that the Cdn. dollar will continue dopping until May, bottoming out in the 62 cent range.
The probability that it hits .62 is 50/50, the probablity it hits .68 is 80/20.
These are forecast fom people a lot smarter than me, and I have been trading Forex on their forecast for years!
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It would be worth it to buy another 10,000 today if that's the case
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-17-2018, 09:44 AM
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Join Date: Jul 2017
Posts: 1,425
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It's a hold for me. I moved into US currency back in the par days, and I see no reason to come back out.
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03-17-2018, 10:05 AM
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Join Date: May 2007
Location: In a house
Posts: 7,778
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Sounds promising if you are getting paid USA Dollars..... Good luck to you guys. Can be fun if it works out! I think it will
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03-17-2018, 10:11 AM
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Join Date: Apr 2011
Posts: 578
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Quote:
Originally Posted by Ken07AOVette
It would be worth it to buy another 10,000 today if that's the case
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That's the forecast! However, if you're buying amounts in the 10k range you'll likley be going thru a Financial Institute, that will up-charge you 3-4 cents, seriously eroding your risk/reward.
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03-17-2018, 10:38 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,239
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Anybody ever use KnightsbrigeFX for exchanging? The banks take far too much front and back end in most cases to be worthwhile.
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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03-17-2018, 11:00 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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Quote:
Originally Posted by mcreg
That's the forecast! However, if you're buying amounts in the 10k range you'll likley be going thru a Financial Institute, that will up-charge you 3-4 cents, seriously eroding your risk/reward.
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I am dealing at the Servus Credit Union, if you do $10,000 USD minimum they give you a much better rate to buy.
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-17-2018, 11:19 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,849
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could see a 70 cent this year , dont see anything good until the next election .
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03-17-2018, 11:22 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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I have never been on the right end of the exchange swing when I actually have money, when it was par I was still paying off my mortgage. Being patient with exchange is likely the very easiest investment there has ever been, and honestly it is the only investing I have ever done. I won't make a lot but will be ready.
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-17-2018, 11:34 AM
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Join Date: Apr 2011
Posts: 578
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Exchange!
Quote:
Originally Posted by Ken07AOVette
I am dealing at the Servus Credit Union, if you do $10,000 USD minimum they give you a much better rate to buy.
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Credit Union or Chartered Bank, both will up charge from the Market regardless of the amount.
And your right even at 10k /transaction you're not going to get rich. Need to trade in the 8-9 figure range everyday to make a living!
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03-17-2018, 11:37 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,849
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Quote:
Originally Posted by Ken07AOVette
I have never been on the right end of the exchange swing when I actually have money, when it was par I was still paying off my mortgage. Being patient with exchange is likely the very easiest investment there has ever been, and honestly it is the only investing I have ever done. I won't make a lot but will be ready.
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probably not going to see par in a while  , if you have usd and don't have plans to used it anytime soon , would be good to parked on some dividend stock on nyse .
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03-17-2018, 11:46 AM
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Join Date: Apr 2011
Posts: 578
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Quote:
Originally Posted by fishtank
probably not going to see par in a while , if you have usd and don't have plans to used it anytime soon , would be good to parked on some dividend stock on nyse . |
US BANKS are positoned to move, however avoid Wells Fargo! A high yield EFT could be another consideration.
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03-17-2018, 11:08 PM
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Join Date: Feb 2017
Posts: 178
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q answered
Last edited by Spooner; 03-17-2018 at 11:10 PM.
Reason: no comment
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03-18-2018, 08:08 AM
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Join Date: Aug 2009
Posts: 1,669
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Great news for my partner and I as we deal in USD for all our sales from the mill anyways.
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03-18-2018, 08:14 AM
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Join Date: Jun 2011
Location: boyle,ab
Posts: 742
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Quote:
Originally Posted by javlin101
Great news for my partner and I as we deal in USD for all our sales from the mill anyways.
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great news until the US imposes a duty on whatever product you are shipping down south. if the same product is being manufactured or produced south of the border and they cannot compete with the cheaper Can dollar, you may find yourself on the outside looking in.
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03-18-2018, 08:22 AM
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Join Date: Aug 2009
Posts: 1,669
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Quote:
Originally Posted by barsik
great news until the US imposes a duty on whatever product you are shipping down south. if the same product is being manufactured or produced south of the border and they cannot compete with the cheaper Can dollar, you may find yourself on the outside looking in.
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Nope we import from Asian market mostly and pay the mills in USD and charge our customers in USD. This way most of our money stays in a USD account.
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03-19-2018, 11:40 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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US Dollar
1 USD = 1.30846 CAD
↔Canadian Dollar
1 CAD = 0.764255 USD
today 11:39 AM
let's see where it goes
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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03-22-2018, 11:09 AM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,071
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US Dollar
1 USD = 1.29080 CAD
↔Canadian Dollar
1 CAD = 0.774716 USD
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought.....
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