Thread: Canadian Dollar
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Old 07-29-2007, 11:53 PM
kimchi kimchi is offline
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Join Date: May 2006
Location: FU minbet
Posts: 1,246
Default Re: Canadian Dollar

I have the same problem as my primary finances are in GBP. I don't cash out/deposit regularly because Neteller's currency fees are too high.

As Barron pointed out to me a while back (correct me if I'm wrong Barron), currencies are long-term 0EV and only increase the volatility of your investments.

If you were to cash out $US into $CDN you may find that the $US suddenly starts to appreciate. I don't know where the currencies are headed although I have my own biases and opinions not worth sharing here.

I would suggest you keep the majority of your funds in the currency you spend or are paid in (providing cashout fees are low). I've lost out on the Dollar's fall too, but I keep enough $ in each account for whoring each month as the currency conversion charges/cashout fees are so high.

It's a double dildo.
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