Rising Canadian Dollar!

[jaybird]

Any other Canadians in the same boat as me?

I'm getting screwed over by the rising Canadian dollar. It's almost at 0.82USD!!

When I started playing it was around .67

I have about $10000 USD online between various poker sites and neteller. As the dollar keeps rising, my bankroll keeps shrinking!

Any currency experts have advice? Should I cashout as much as I can now to my CDN bank account? Or hold out and hope the dollar goes back down?

[M.B.E.]

Yes, the freefalling US dollar is wreaking havoc on the value of my online funds.

I would hope that after the election, the US dollar will gain back some of its value.

[LoyalFrush]

I hear you.
I was talking to a friend today who is going on vacation to the US and he was happy that the cost of the trip was getting cheaper with every uptick of the Canadian dollar.
I said no no no you idiot we want a weak dollar so my bankroll increases in value. [img]/images/graemlins/grin.gif[/img]

Cashout now or hope the Canadian dollar weakens?
That sounds like just another form of gambling to me.
I think I am going to remove what I can from my accounts and get it into Canadian dollars.
Who knows where the currency markets go in the future. My guess is the Canadian dollar will keep rising in the foreseeable future, especially if dubya wins next week.

[phixxx]

WOW I KNOW! I cashed out 355 American, I only got about 420 back... [img]/images/graemlins/frown.gif[/img]

[Twisty]

Nobody knows for sure whats gonna happen with the exchange rates, but some are hinting the cdn dollar could be at par with the U.S. dollar by the end of '05.I used to get $1.55 cdn ,today i cashed out and received $1.20 for each greenback.I decided to stop worrying about it and just concentate on poker because thats the only thing i actually have some control over.


Twisty

[siccjay]

Damn I never thought about anything like that. That must suck.

[ThinkQuick]

i cashed ~400US and got ~500CAD and my jaw dropped.
now i just feel lucky i did it then.

now... expecting CAD to drop in value against USD after the election means make a major buy in now while the dollar is up, right?
i just don't even feel like playing this craaaaaazy forex game. I'm sticking to the B&Ms.

[Evan]

hahahaha. you crazy Canadians and your dollars that aren't really dollars.

[Thythe]

Here's a way to get some extra EV out of the situation. Cash out and get it mostly in quarters. You may have to go to a local bank. Now cross the border into the states and start making a lot of frivolous purchases. Each time you buy something, slip in at least 2 or 3 Canadian quarters. We won't notice, and even if we do we won't care too much. That's gotta save you like $.50 on each purchase.

[B1GF1SHY]

You're absolutely right, they're loonies!