What to do with different currencies?

[kaj_kyle]

Hey, i currently have a problem that prolly many other poker players deal with. I have all my net worth in different currencies. Despite being canadian most of my networth is in euro, follow by USD. I currently have bank accounts in both currencies to avoid getting owned by bad exchange rates. Since i am unsure about the USD, my most recent cash out is just sitting in a USD account doing nothing. Would it be better to, invest this money using the whole vanguard ETF strategy, or to convert this money to Can $ and invest in canada.
My exchange rate with TD is 0.967 to buy USD, 0.941 to buy CAN. Is this a bad exchange rate? If so where can i find a better one?
I have no need of Can $ for the time being, so only really care about long term.
Any advice would be greatly appreciated. thanks.

[Moonshine]

If you just want to protect what you have, you could just hedge yourself.

IE if you're canadian and hold euros, you're exposed to the euro falling against CAD. If you sell the appropriate amount of EUR/CAD you would essentially negate most/all of your risk

This may be entirely inappropriate for you if you only have a few thousand lying around

[lozen]

Stay with the Euro. CDN $ now at 1.055 and may go as high as $1.07. US $ is very unstable. CDN $ can not hold that level long term but than I never thought it would get to $1.05

[kaj_kyle]

all r in the hundreds of thousands

[ahnuld]

kyle next time im on msn just hit me up, I have already dealt with all of this.

[kaj_kyle]

haha ur never on msn :P