scrubbedexpat091

This drop is stressful. Did not plan on this last year at all. We are way over budget now..

It is what it is though.

Novocastrian

I hereby anoint you as fully assimilated into Canadian culture. Congratulations

scrubbedexpat091

Glad the wedding was last year......

Canadian Dollar Falls Below 69 Cents U.S. In Longest Losing Streak Since It Started Trading

Apparently now the longest losing streak since the CAD$ started trading in 1971, it was apparently prior to that pegged to the USD$.

withabix

I'm still waiting for the Pound to get stronger.

It's stubbornly sitting between 2.03-2.07 at the moment.

Gozit

I just wish ours was stronger. A 60 Euro item ordered from Malta (books for learning Maltese) ran me 115 CAD the other day.

Shard

Do you speak some Maltese already? Will it be hard to learn? You are certainly dedicated.

Siouxie

Anything that gives me more money I'm happy to accept. I get paid in £'s so a higher conversion rate works for me.

scrubbedexpat091

If I can get a job in USD$, I wouldn't mind the rate, but having to deal with the quickly losing value CAD$ just is a pain, mostly because I can't really visit family with it this low, the extra costs from a weak currency is just prohibitive, too much is lost in the exchange.

Now if it got down to 40 cents (probably not likely, but IF if did) might be able to convince my dad at that point to invest in a condo or house in Canada....

I'd settle for a job paid in USD$ though...

Gozit

I speak a little. I'm by no means fluent or can even really have a conversation in it, but i can say yes, no, please/thank you, etc. The real milestone i've got is I can read and write and I understand the pronunciation/letters of the language. So I can read you something in Maltese but I don't understand what i've read

It will be a hard language to learn, it is an Arabic-derived language and has lots of little quirks. The fact that less than a million people worldwide speak it also does not help... But yeah i really want to learn it, even if I don't end up living down there for a while it would be nice to know it for visiting and such, and its just a personal motivation I want to do...

Oink

I learned some Maltese when I was younger as I spent a lot of time there staying with my uncle who was a pilot with Air Malta. I was taught by the housekeeper using Ladybird books. You're right its a interesting language to learn.



My Keg rib steak keeps getting cheaper. Its now down to about $27.00.

BristolUK

Me too.

This is merely helping recover some of the losses over the years.

The difference in exchange rates between the dates of offer and completion on the house back in 2005 cost me over £2000.

My civil service pension in payment since 2007 converted to a $115 a month less by the time the rate bottomed out and I lost a fair bit on house proceeds in the bank too.

Tirytory

We still have money left in the UK, but I'm inclined to keep it there for the foreseeable. I'm not sure why or what the wisdom would be, but neither can I see the point of bringing it over either. Anyone any thoughts?

BristolUK

If you leave it there the change in exchange rate will leave it worth less.
If you transfer it over the change in exchange rate will mean it was better left.
There's probably a corollary of Murphy's Law covering it.

Shard

It depends how much. If it's a small amount, best to keep it in the UK as a travel fund. Look forward ten years at the kind and amount of UK expenses you may occur. If it's a large amount, then the 'excess' beyond a reasonable travel fund could be converted now into $ at good exchange rate.

I generally think of 2.00 as the benchmark and anything above a gain anything below a 'non-gain'. In fact, the 25-yr average is 2.05 but 2.00 is a nice number and reflects more recent levels.

So at current rates, you will get good value for your pounds converting into $ which can then sit collecting dust in Canada, until such time as you wish to use them. If you do need to convert back into £ in some years time, you may find that the $ has strengthened and that you will make a small gain.

SchnookoLoly

What Shard said. We still have money there too and are just leaving it for travel money since we are back often enough, plus convenient for the occasional Amazon.co.uk purchases! If it's a significant number though then might be worth transferring... No one knows when the cad will bottom out, so all you can do is take a guess. We moved money awhile back when the rate was about 1.8 ish... It had hovered around 1.6 ish for the longest time so we jumped in at 1.8... Look how that turned out, lol.