1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

The right time to buy CAD?

Discussion in 'General Forex Talk' started by Flecto, May 6, 2008.

  1. Flecto

    Flecto Recruit

    Joined:
    May 6, 2008
    Messages:
    1
    Likes Received:
    0
    This is Flecto from Switzerland. I've got a forex related question that I hope you can help me with. I'm planning to go to Canada in August of this year to study there. Since I live in Switzerland, I have all my savings in Swiss Francs. But in August I'll need Canadian Dollars to pay the tuition fees and living expenses.

    The CAD and USD were at a quite extraordinary low against the CHF in April this year, but have quite steadily risen ever since. Now I'm not sure whether this is the right time to buy Canadian Dollars with my Swiss Francs, because I'm going to need CAD in August, or whether it might be better to wait a bit longer and hope that the Swiss Franc gets even stronger against the CAD (and USD).

    What do guys you think?


    Thank you very much for your help,
    Flecto
     
  2. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,655
    Likes Received:
    2,200
    You can always hedge your bets on this. Convert half the cash now and half later.
     

Share This Page