Predictions For Stirling -Should I convert to Cdn$ now?
Mar 6th 2009, 9:50 am
#1
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Predictions For Stirling -Should I convert to Cdn$ now?
Hi I am new to this so please forgive me if this has already been discussed. I am wondering if the UK£ is going to drop any further in the next few months and if I should convert my money to CDN$ now? What are others doing with their money??
Thanks
DDC
Thanks
DDC
Mar 6th 2009, 9:53 am
#2
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Re: Predictions For Stirling -Should I convert to Cdn$ now?
Wait until Britain adopts Euro. You'll get a better deal then.
Mar 6th 2009, 9:54 am
#3
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Re: Predictions For Stirling -Should I convert to Cdn$ now?
When do think the UK will adopt the Euro?
Mar 6th 2009, 9:57 am
#4
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Re: Predictions For Stirling -Should I convert to Cdn$ now?
UK won't go into Euro - its on the cards other country's already in will come out!
Mar 6th 2009, 10:00 am
#5
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Re: Predictions For Stirling -Should I convert to Cdn$ now?
Interesting, but can we go back to my original question about what to do with my money now?
Mar 6th 2009, 12:02 pm
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Mar 6th 2009, 12:23 pm
#9
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Re: Predictions For Stirling -Should I convert to Cdn$ now?
No idea. Stirling is a town in central Scotland though I predict it'll be cold and wet...
I predict it'll be cold and wet...
Mar 6th 2009, 1:20 pm
#10
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Mar 6th 2009, 1:26 pm
#11
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Mar 6th 2009, 2:36 pm
#12
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Mar 6th 2009, 2:58 pm
#13
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Re: Predictions For Stirling -Should I convert to Cdn$ now?
Just my opinion of course. Who knows?
Mar 6th 2009, 3:25 pm
#14
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Re: Predictions For Stirling -Should I convert to Cdn$ now?
When do you need the CAD? If you need it soon then you'll have to exchange it regardless of rate and I would shop around. If you don't need it for another 6-12 months then I would hold on. There's no guarantees, but in the long run sterling will strengthen. It will be a good few years before it's as strong as it was (if ever), but it may be better than it is now.
Just my opinion of course. Who knows?
Just my opinion of course. Who knows?
Mar 6th 2009, 4:51 pm
#15
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Re: Predictions For Stirling -Should I convert to Cdn$ now?
The impact of the global downturn on Canada I think lags behind the UK by 6 to 12 months,just like the fall in the global houseprice bubble. I personally am expecting the pound to recover versus the Canadian dollar next year as the Canadian government starts to implement more measures in their economy after they realise how exposed they are.