Irie Guy Posted November 21, 2008 Report Share Posted November 21, 2008 Wow, I hope not too many of you are traveling south this holiday. Yes gas is now under 80 cents but the exchange rate has gone south as well. We're up in the 30% neighborhood again. I need a USD Draft tomorrow for $6500 and it's gonna cost $8600 CAD. Yowsers! Link to comment Share on other sites More sharing options...
Whitey Posted November 21, 2008 Report Share Posted November 21, 2008 Ouch Link to comment Share on other sites More sharing options...
Booche Posted November 21, 2008 Report Share Posted November 21, 2008 Yoooooow. Link to comment Share on other sites More sharing options...
hamilton Posted November 21, 2008 Report Share Posted November 21, 2008 I'm getting my ass kicked over here, too. It used to be that I would wire home KRW 1,000,000 and get about CN$1400 - but now it's more like CN$870. Regardless of the exchange, I'm still able to save more money here than I am at home, but still... We're planning on staying here for another couple of years, so the question becomes do I save all my money here in the hopes that the exchange rate will get better before we return, or do I send it home monthly in case the exchange rate gets worse? Uncertainty sucks. Link to comment Share on other sites More sharing options...
Blane Posted November 21, 2008 Report Share Posted November 21, 2008 I had the good fortune of buying up a decent amount of USD when we were at 1.08 and then selling them again in October when it had dropped to .85 or something like that, turning a tidy . Silver lining in a year of getting slaughtered in my savings. The UK pound has also been dropping like a brick though, so I've been feeling the pinch as well. Link to comment Share on other sites More sharing options...
Basher Posted November 21, 2008 Report Share Posted November 21, 2008 I'm on the other side of this coin. I have been running real good at Full Tilt lately and my balance there is in USD. Link to comment Share on other sites More sharing options...
Tenenbaum Posted November 21, 2008 Report Share Posted November 21, 2008 what's y'all opinion on how much lower the CAD$ will sink? Is now the time to convert US$>CAD$ ? Link to comment Share on other sites More sharing options...
bouche Posted November 22, 2008 Report Share Posted November 22, 2008 google ads are worth more now. start clicking! Link to comment Share on other sites More sharing options...
d_rawk Posted November 22, 2008 Report Share Posted November 22, 2008 what's y'all opinion on how much lower the CAD$ will sink? Is now the time to convert US$>CAD$It's a better time than it was ... I don't want to risk everything on a single transaction, but am moving bits and pieces from USD to CAD right now. Link to comment Share on other sites More sharing options...
nattyMatty Posted November 23, 2008 Report Share Posted November 23, 2008 Right now I can get a gallon of gas in western Maryland for 1.79... Or a 8thoz of parsley for 50usd consider that. Blhaaaaaaaaaahhhhh Link to comment Share on other sites More sharing options...
YearsAlongTheSea Posted November 23, 2008 Report Share Posted November 23, 2008 New Years in New York is looking like it's going to break my little bank... Link to comment Share on other sites More sharing options...
Irie Guy Posted November 24, 2008 Author Report Share Posted November 24, 2008 Here's a real WTF situation for me. That same $6500 USD Draft that I bought on Friday would have been $400 cheaper today. Wow Link to comment Share on other sites More sharing options...
Basher Posted November 24, 2008 Report Share Posted November 24, 2008 This volatility in the market is really unbelievable. I don't know how anyone with real exposure to the market can stomach it. Link to comment Share on other sites More sharing options...
d_rawk Posted November 25, 2008 Report Share Posted November 25, 2008 I don't know how anyone with real exposure to the market can stomach it.Anyone with real exposure to the market has already puked up their stomach, crammed it back in, and puked it up again. Unless they were short everything, in which case they are flipping through the 'Islands for sale' brochures and wondering where best to retire.During the Great Depression, it took 3 years or so for equities to fall as far as they have, in many cases, within the last six months. Link to comment Share on other sites More sharing options...
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