The best way to eliminate the regret of not converting your Canadian money when the rate was higher is to start to move your money into US funds on a systematic basis through a foreign exchange company. We work with an international foreign exchange company in Edmonton that can set up systematic exchanges as the dollar hits pre-determined prices. For example, the dollar is currently about 84 cents. You could tell them to exchange $10,ooo, $20,000, $25,000 or any specific amount every time it goes up a penny. So for the split second instant it hits 85 cents, 86 cents etc your money is exchanged. This is very similar to a limit order on the stock market. By taking action and taking control you avoid currency speculation and the ritual guessing game of which way the Canadian dollar is going. Leave it to the pros.
We are dedicated to serving Canadians interested in Phoenix and Scottsdale real estate. Call us with all of your questions. We are here to help you get the best deal on all aspects of the transaction. For more information pertinent to Canadians see the Info For Canadians page on our website www.ThePhoenixExperts.com.
Marc Brodeur, Realtor
www.ThePhoenixExperts.com
1-800-300-0263
