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Originally posted by mumdxbcan

At present Can$ is going strong compared to US$
Is it a right time to buy US$ or transfer more amount in US$ account ?

What is expected in coming days or months
Can some one write more on this?

I found TD Canada , ICICI are giving better excahnge rates.
Also ICICI has 5% int rate on Hi-Savings account

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Thanks for the Info about TD & ICICI rate alert.
I am sure that the interest rates are for a USD-, DIS a/c.
You will have to decide if it is worth it. It may call for a four day settlement
and a link to a chequing account with another institution.

Here is something for you to play with:
http://www.x-rates.com/d/USD/AUD/graph120.html

On the right hand side you will see BASE Currency. Click on USD.
In the drop box you will see a currency that you want to convert to.
Play with INVERT button on the top and see the values change.
It gives the Highs-Lows and the Current Values in the past 120 days.

I don't know where you are located. Hence use your local currency for
coversion, selecting the BASE- and LOCAL currency, if it is there.

The US Dollar has hit a LOW of lows. It is now entering a new and
unknown territory. The situation is volatile. Hence you have to
wait and take advantage of the situation. I am weary to predict,
other than to say it is worth a wait, if YOU want to. (Taking a look at the Futures')

You can divide the total amount of your local currency that you want
to convert to a currency of your choice, {OTHER than the USD,} by
COST AVERAGING, either daily. weekly or monthly to suit your liking.
That way you will receive a MEAN value or if you know a lot and how
to go about it, then, do it whenever you think you are going to benefit
to a maximum, and by doing a one time conversion of the total amount.

You buy USD if you are going to the US or a location where they
accept US currency ONLY, if you need it now and for immediate
usage. Beware of the currency buy and sell differentials. It BITES into
your pocket book, so use a brokerage account, if you know how? Also,
Don't do too many conversions from one currency to the next.
You will find that you are loosing a chunk at every conversion.

Freddie.