Asking for a friend (really )
US resident temporarily living in Canada.
How much of their savings to have in Canadian vs US currency.
A few months worth of Canadian expenses? Other?
I assume US will be hit harder by Coronavirus than Canada.
But Canadian economy deoends a lot on US (at least, I assume so).
Not really looking to play the currency market, but got curious on people's thoughts on this....
US vs Canadian currency
Moderator: Global Moderator
Re: US vs Canadian currency
It depends on how "temporary" temporary is. A couple months of expenses in Canadian cash for liquidity is probably not a bad ideal.
Re: US vs Canadian currency
Well, considering The Australian and Canadian economies are similar, I would be holding USD's.
Link below says it all
https://www.macrobusiness.com.au/2020/0 ... liquidate/
Link below says it all
https://www.macrobusiness.com.au/2020/0 ... liquidate/