You made roughly about CAN$20,000.
But I felt I lost some.
The reasons are as below:
- what I got from USD to Canadian that time is resonable and normal, I thought;
- what made me change back to USD is that rate 1.5-1.3 is lower than 1.6, and I belived that time it will come back to 1.55 or even 1.6 again;
- unfortuately, after I changed at 1.5, the rate went down to 1.45; while I changed 1.4, then down to 1.3.
Finally I stopped to do any more as I realized that we are not smart enough to follow up those in Wall Street.
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if and only If you were letting your 100k asset idle at your bank account
When I was in Vancouver 1999-2006 I knew a Guy who is a profesional one and had 400k USD brought Hong Kong .
Average price of single house that time in Vancouver is abt 500K C. Dollar.
He did not change his money to C.Dollar as he thought that USD is the only currency worth to be kept in account of bank.
He did not purchase a property either but to rent a place to live.
Now his 400K USD is similar to 400K C. Dollars , which can only be good enought to buy a 2 bedrooms condo in Vancouver if he wants.
This is a real story not a novel.
When I was in Vancouver 1999-2006 I knew a Guy who is a profesional one and had 400k USD brought from Hong Kong .
Average price of single house that time in Vancouver is abt 500K C. Dollar.
He did not change his money to C.Dollar as he thought that USD is the only currency worth to be kept in account of bank.
He did not purchase a property either but to rent a place to live.
Now his 400K USD is similar to 400K C. Dollars , which can only be good enought to buy a 2 bedrooms condo in Vancouver if he wants.
This is a real story not a novel.
All of us gave him suggestion to
- change his USD to C. D. while the rate were 1.5-1.6
- buy a house which he was affordable.
However, he insisted his idea that USD is No. 1 and Gold.
同意,8年前,richmond的导游还跟我说,现在房子好贵,都30万了,看看现在,看都不敢看。
I sold my house 2006 and earned some.
We were so excited that time for we sold on the top point, we belived that time.
Now our house sold in Vancover West has rocked to almost 3 times of the price we sold.
:blowzy: