Location: Currently - Dar es Salaam
Posted on: 08-11-04 16:38:36
OUr current savings are in USD and we are planning to land in canada in april next year . Should we convert our money into Canadian dollars at this stage? What has been the trend in regard to CAD against USD? Is CAD getting stronger or is it more or less stable?
Would appreciate some advice.
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Atulgs
In 1999, a USD was worth about C$1.45. It went up to a high of 1.6120 at beginning of 2002.
As of this moment, it is 1.1930
That in short is the histrorical data for last 5 years! Make your own judgement.
Chandresh
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Chandresh
Advice is free – lessons I charge for!!
1.58 odd around the end of 2002. Attached a link to the 2 year graph between the USD and CAD
http://finance.yahoo.com/q/bc?s=USDCAD=X&t=2y
Quote:
Orginally posted by atulgs
What has been the trend in regard to CAD against USD?
I am always a little surprised when I see such posts. Since you have posted the question on the board, it is obvious that you do have access to a computer and also to the internet. Right? What then prevents you from doing a search yourself on the internet, for the information that you are seeking?? No, I am not trying to find fault or anything. Just curious, that is all! I mean, is it that you do not know how to search, or "google" as they say? Is it that you do not have enough time to look up for stuff on the internet? Does you ISP forbid you from googling?
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Diogenes
====================
The Cynic
See the following link for more information. It may help you in making a decision.
http://www.canadiandesi.ca/read.php?TID=5837
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Man's Best Friend 
Location: Currently - Dar es Salaam
Posted on: 09-11-04 15:47:07
Hi,
you are quite right, i obviously have access to Internet and believe me i am not too lazy to dig out the information myself. Just concerned about the current depreciating trend of dollar and thought you guys in Canada would be more experienced observers of CAD-USD trend. Had I been moving to Europe, i would have saved the money in pounds or Euro. But i am not sure a similar comparison can be made in case of CAD.
Sorry for the trouble!
Quote:
Orginally posted by DiogenestheCynic
Quote:
Orginally posted by atulgs
What has been the trend in regard to CAD against USD?
I am always a little surprised when I see such posts. Since you have posted the question on the board, it is obvious that you do have access to a computer and also to the internet. Right? What then prevents you from doing a search yourself on the internet, for the information that you are seeking?? No, I am not trying to find fault or anything. Just curious, that is all! I mean, is it that you do not know how to search, or "google" as they say? Is it that you do not have enough time to look up for stuff on the internet? Does you ISP forbid you from googling?
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Atulgs
