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
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
