Zoomit Canada - When To Buy US Dollars and How to Take Advantage of the Canadian-USD Exchange Rate

When To Buy US Dollars and How to Take Advantage of the Canadian-USD Exchange Rate | MoneyEnergy

Once again, the Canadian dollar is climbing back up towards parity with the greenback. Most recently, it closed at 92 cents on the US dollar. For Canadians, this is an excellent time to purchase US dollars ahead of any trips you might need to take south of the border. Many people simply wait until they know they will be traveling, but by paying attention to the exchange rates on a semi-frequent basis you can get a better trade on your money by buying US dollars when the exchange rate is good.