The CAD has gone up about 10 cents recently. My PIF date is the end of August but I was considering paying off my cruise now in case the dollar falls again. Has anyone else done this?
I used to transfer more money to my USD account when the dollar was higher and less when it was lower. If your bank has that option you could do that and get some interest.
The CAD has gone up about 10 cents recently. My PIF date is the end of August but I was considering paying off my cruise now in case the dollar falls again. Has anyone else done this?
Yup! Our January 2017 cruise is nearly paid off - in fact I was planning on paying the whole thing by now but seeing as the dollar is getting a bit better I'm gambling with that last $1,000 lol So far I haven't paid anything to our August 2017 cruise apart from the deposit but if the dollar goes back down again I will start paying it off.
I used to transfer more money to my USD account when the dollar was higher and less when it was lower. If your bank has that option you could do that and get some interest.
lol @ interest on savings! Oh those were the days when we got paid for lending them our money.
I've been moving my money into USD, too, but I'm having second thoughts as I have travel insurance on my CAD funds credit card. If I use the USD card, I have to buy extra travel insurance (although medical would still be covered). That said, I am very tempted to put some money down on the balance. Ours isn't due until Dec., but the question is whether this $ rise is a longterm trend or a bubble?
I'm in the opposite category as a US citizen. We're going to be in Vancouver in August for our Alaskan cruise so I'm pre-paying everything we can since it seems the Canadian dollar is rebounding. I also went and cashed in some USD for CAD at the bank last month.
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