… the loonie, named for the aquatic bird on the one-dollar coin, touched a 15-year low of C$1.0689 versus Australia’s currency, known as the Aussie. The pair was equal on Oct. 4.
Good news for Aussies coming to Canada, but not so good for Canadians like us. Watching the currency exchange for the right time to convert some savings is all at once exciting and frustrating. As the value of CDN currency continues to slide against AU dollar, there are a lot of coulda, shoulda, woulda’s running through my head.
Following the market to time a larger transfer of savings is wise. Realistically though, rate changes over the course of the year will have more of an impact on our bottom line with day-to-day purchases. Dollar cost averaging in that respect garners neither the best nor the worst results, so che sera sera.
I really don’t fret about it too much, yet I do want the best value for our dollar. Besides, it gives me something to think about as we wait to hear about possible matches.
