If you guys really want the best rate for big purchases, consider the norbert's gambit. This is where you buy US-CAD linked stocks on one exchange and have your broker sell it on the other saving massively on exchange rates (costs roughly 2 brokerage fees).

Closed Monday at around 1.288

or around 0.775

slowly........ever so slowly...............

Ehhhh not quite. It takes time to journal shares and in that time, the exchange could have had the opposite effect.

Trending down. Currently 1.277. Hope it hits something like 1.10 by the end of the year.

C'mon, CAD...... you can do it! Before trading closes for weekend. Each week, the dollar makes gains. Just in time for TJ shopping, lol.

This would be amazing,
To go from ALMOST $1.50 in February to " such a significant drop

Not so much the CAD doing anything. More that the Fed is dropping the USD hard for a variety of reasons.

Oh? Is that right? I didn't realize the Fed is behind the latest round of the greenback weaker strength.

Any guesses as to when they might stop?

It's great the CDN is going stronger, or the US being weaker.

Just my luck-- I bought something a few days ago when the exchange was 1.30 only to have the vendor realize they can't fulfill my order and taking 4 days to process the refund at the lower exchange rate today. :okay:

wow, that kind of sucks......... hope it wasn't a huge amount.

Call the CC and let them know it's a refund. They'll refund you your full CDN amount.

Have to pay my AirBnB for TI6 and it came out to 530 USD.

RIP my wallet.

I'm waiting to order coilovers. Watching this CAD go up and down is killing me

I'm on the same boat. I'm hesitant on when to drop down ~1200USD.

x3 :tears:

Yeah I just sold a set of wheels to a US buyer so my paypal has 1400 US in it, don't know when I should take it out.

Kinda pissed off at the guy cause he took like a month to pay me, and in that period I lost like 5% on the exchange alone...asshole.

called the cc and got the refund in full!!

just to put things in perspective, on a month by month basis, we're talking a percent or a couple movement, so 5% on 1,400 (the example above) is $70 - not sure that's the biggest deal in the world (compared to a year ago, you're still up a lot on the FX).

as for movements, people here seem to be talking about momentum with respects to the US/CAD, the reality is that news moves the currency, and the main driver of US/CAD is oil price. Oil has crawled up and up over recent weeks (months), hence the gradual relative increase of US/CAD. Last night the Doha meetings ended with no agreement, hence oil falls, US/CAD falls.

There are many aspects that will move the currency pair, oil is a big mover and shaker.

If you don't want to worry about movements in the currencies, hold both (meme - just keep your USD as USD if you are going to spend it in the near future, don't worry about relative purchasing power in Canadian - the purchasing power of USD in US is always greater, that is, you will get a better deal)

Roller coaster ride? That's one helluva drop, lol.

is it, though? unless you're playing massive currency bets, it won't make an ounce of difference to your shopping in the US, etc.

it also just brings the rate back to where it was 10 or so days before.

Market was betting on some light in an actual production freeze from OPEC in Dohas' meeting, or at least some concrete plan.

It didn't happen.

And yet oil stocks rallied...interesting times.

I'd expect another drop in the next day or two if that chart is consistent.

1.26!!!!!!

Oil rallied because of the oil strike in Kuwait.