Personal Finance

keep CAD or move to USD?

  • Last Updated:
  • May 5th, 2020 2:35 am
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[OP]
Deal Addict
Jan 7, 2014
2477 posts
478 upvotes

keep CAD or move to USD?

Can CAD become 50% of USD.
whats your take? is it advisable to convert your money into USD?
2 replies
Member
Apr 16, 2020
269 posts
336 upvotes
That depends on so many things that you simply can't predict. Future oil prices, future monetary policies of both the US and Canada to mention a few.

If it'll make you feel any better, go ahead and exchange some of your savings. I doubt there's a significant loss risk by converting CAD to USD for the near to medium term.
Deal Addict
May 15, 2013
1766 posts
477 upvotes
Montreal
NOBODY knows that, that's why exchange rates are always part of risk management.

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