exchange rates

[Bennythebushman]

A quick google search showed that 1 USD would bring 1.3 Canadian now. I am thinking of stopping by the bank tomorrow. Do y'all think the rates will get better (for us in the US) or do you think 1:1.3 is the best we can hope?

[adempsey]

Who can predict?   The election will have an impact, but that will probably be too late anyway.    It's really all about the price of oil right now.    If the price maintains a slow climb up, as many predict, then now may be the best time to exchange.   It just depends on who you believe can predict the price of oil the best.    Of course, something crazy could happen and the price of oil could take a dive.   If people really knew, they'd all be rich.

I doubt it will get much better than 1.3, if it does at all.     Any increase will likely be negligible anyway, unless you're exchanging millions of dollars.

[limacharley]

http://www.x-rates.com/graph/?from=CAD&to=USD&amount=1

It looks like it's climbing. Jan 16 was the best time to buy.