Investing

Is it time to exchange CAD to USD?

  • Last Updated:
  • Jun 4th, 2020 2:11 pm
[OP]
Sr. Member
Jun 5, 2015
968 posts
18 upvotes
Toronto, ON

Is it time to exchange CAD to USD?

Looks like the rate is going back up a bit , but it always drop back down harder ...
4 replies
Sr. Member
Oct 17, 2012
825 posts
635 upvotes
Vancouver
Depends on when you need it and what you're using it for... Unless you need it in the next month, probably better to wait for now
Deal Fanatic
User avatar
Jun 26, 2005
9844 posts
1771 upvotes
Toronto
Always looks at a chart. It will tell you the possible trend.

Right now, I see price can get better for the CAD , so I'd wait. Here's a chart. The lower this price drops the better it is for you to change CAD to USD

I see prices dropping to 1.32xx area

Image
Sr. Member
Aug 16, 2015
599 posts
158 upvotes
Image

maybe it fills that gap down there. people who sold CAD and bought USD already got completely wrecked. lol.
Deal Fanatic
User avatar
Jun 26, 2005
9844 posts
1771 upvotes
Toronto
Here you are, today is much better for you right?

I would suggest you exchange today or tomorrow. Maybe a large portion.

Price on chart shows me it can go up next week

Image

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