Re: Is now the time to buy Dollars?
 

It's impossible to determine the "best time" to buy currency because currency fluctuations aren't in any respect predictable over a long period of time.

Re: Is now the time to buy Dollars?
 

Thanks for that - shall watch carefully, means the area we were looking at property has just got better !

Re: Is now the time to buy Dollars?
 

One thing you can do is set up a trigger where you agree to buy a certain amount of currency at a rate you specify. You are obviously contractually bound but the nice thing is that currencies can spike overnight and you'd never know it by the time you're munching your breakfast. I managed to get some better deals over a period of one year, moving money from Canada to UK. I would be cautious bringing all my money over to Canada with the rate as it is. It's been like this for some time having reached about 1.45 a few years back and peaking at about 1.65. At least the decline seems to have subsided but I don't envy people exchanging at any of those rates.

Re: Is now the time to buy Dollars?
 

I think it's a fair bet that there will be a spike after the next election if the LibTorDems get thrown out. But it probably won't last long, particularly if Labour replace them.

Ultimately, it's not likely to improve a lot so long as the British economy is doing much worse than the Canadian economy.

Re: Is now the time to buy Dollars?
 

1.60 now

Re: Is now the time to buy Dollars?
 

There will come a point where the level is such that going back to the UK would be irresistible.

Re: Is now the time to buy Dollars?
 

Oh no, there wouldn't.

Re: Is now the time to buy Dollars?
 

Maybe not for you. But at 1.2 or 1.3 I'd seriously consider it.

Re: Is now the time to buy Dollars?
 

At anything like that I'd consider staying in Canada where my pension would be a more liveable amount.

I'm obviously more concerned about the C$/Euro rate.

But not that much.

Re: Is now the time to buy Dollars?
 

Another dropping day - now $1.60 to the £.

Only 40 more cents to drop then I will be happy !!!!

Re: Is now the time to buy Dollars?
 

I'm a bit confused by that. From your earlier posts I'd understood that you have some capital from a house sale in the UK (presumably in Sterling), and are wondering when to move into C$?

If that's correct why would a drop of 40c help?

Re: Is now the time to buy Dollars?
 

I'd like the CAD$ to stay strong against the GBP for the next 3 weeks while I'm spending in the UK. Then it can got the other way again.

Re: Is now the time to buy Dollars?
 

Sorry, bad use of terminology, meant I am holding out for $2 for a pound. I know I may have a very, very long wait !

Re: Is now the time to buy Dollars?
 

I dream of that!

It would be a 25% pay increase for me.

Re: Is now the time to buy Dollars?
 

Hard to see how the £ will appreciate (in the medium term) with a slacking economy and Carney at the helm. C$ could depreciate if global resource demand slows. My guess is 1.60-1.80 over the next two years.