Canadian Dollar rollercoaster=Trip confusion!

[chimo2u]

Hi! I am currently booked at CSR for Sept 1-12, 2009 Club level (hoping for free dining, but just have basic dining for now). My package was around $5,700.00. I put the $200.00 deposit down to hold it (cost me $219.00) with the exchange rate that day. Well, now that the $ keeps going up and down, I don't know what to do! I have about $3000.00 saved in a Canadian account that I'd like to change to US, but I just don't know when I should do it? I would like to get as close to par as I can, but it seems like the optimistic outlook for our dollar is dwindling. What would you recommend? Hold off and hope things pick up over the next month or 6 months? prior to Christmas.... or bite the bullet and loose about 5-8 cents/ dollar depending on what the $ is doing that day?
Marie
Ps... This is definitely not like paying off my Jan 2008 trip... I actually paid off that trip one day when the dollar hit $1.05... I was lucky, I think as it did get up to $1.10... only very briefly and then began to come down. My TA said the day I paid off was the best day, as she never saw it that strong again

 

[yxe dad]

The first Disney trip I paid for, our dollar was only at .63US .

If it was me I'd wait until the dollar gets closer, if not to par. I think oil will rise again and pull our dollar up with it.

 

[mjf]

I'd say you'll have about the same odds of correctly picking red/black on a roulette wheel as figuring out if the Canadian dollar is going to go up or down.

We had a meeting with our financial advisor yesterday and he explained his theory about why the CAN$ is tanking of late. It's quite complicated but it perfectly explained what has happened in the past few weeks. Of course, he had no advice about what would happen in the NEXT few weeks!

 

[yosh12]

I don't know...I hear possibly it may be at .90 by the end of the year. Oil I think will get lower as demand lowers and stocks of oil in storage rises as the people aren't demanding it.

I might get some of it changed and then hedge your bets on the rest.

 

[minnie56]

Who knows? Nobody can help with that answer unless they have a crystal ball!
Me--I would buy some USD and some whenever...?

 

[F4disneyfan]

Well some around work are talking a much much lower dollar by year end so me personally I would cash in on the exchange rate any time you see it at or around 95 cents. It was said around work that the dollar could be as low as 75 cents by year end.

 

[pigletto]

You are much further out from your trip than I am so it is different.
I am leaving in less than a month and as of today I can convert 1000 and only lose 60 dollars.
I am pretty sure I am going to the bank on Monday. We don't plan on exchanging 1000 anyway.. and I can live with the amount as it stands now. I would rather just do it now and not worry about it dipping even lower before I go.
For you I would suggest exchanging a largish amount now and continuing to watch for decent rates.

 

[wee-haggis]

Another factor will be who wins the US election in November.
If the Rebublicans win....our dollar goes up if the Democrats win,our dollar goes down (at least....thats what they say......)

 

[fhirleighinn]

Another factor will be who wins the US election in November.
If the Rebublicans win....our dollar goes up if the Democrats win,our dollar goes down (at least....thats what they say......)

well it is a good thing that you don't get a vote then...