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Help!

Posted by Garth on Friday, October 10, 2008

So ya, I know I don't follow news or the like.  But at least when I was living in Canada people would randomly tell me stuff so I'd have some idea what was going on.  But I just realized today that the Canadian dollar is sucking ass.  SERIOUSLY sucking ass.  Which really really hurts me, seeing as every cent I spend is in a different currency.  So what do I do??  Since coming to Thailand I've lost about 160,000 baht simply due to the Canadian dollar decreasing.  That works out to over $5000 CAD in international terms.  That's horrendous!  So what do I do??  Do I transfer all my money to baht?  Do I transfer it to USD?  Do I transfer it to some other currency?  No matter what, leaving it as CAD is gonna continue to suck for me so I better be like a rat getting off a sinking ship or risk going down with the shitty Canadian ship.  Dammit!

Any suggestions from someone that knows what they're talking about?  This really hurts.

6 comments:

Gillian said...

Have you looked at USD lately? You're better off with your loonies. How about Euros or Yen? BAHT IS A BAD IDEA.

SharePoint Gregg said...

well i wouldn't exactly call the baht an anchor currency. What you should do however ther Mr Bar Owner In Thailand guy is move a portion of your funds locally so you have a known element to work from. Say a years worth of expenses. The rest you might want to look at picking up some bonds or something. Good ol US Tbill might serve you best being international - though your losses will present themeslves.....that loonie is getttign pounded

kkha said...

Yeah. Currency fluctations are a mother fucker.

What you can do now is put a greater portion of your money into highly liquid investments to offset market fluctuations. Money Market, T-Bills ...etc. Although stay with CDN currency investments ( or you'll be subject to dollar fluctionations ). Then again, cash is king unless you want to report your investments to the tax man.

SparklyD said...

Arghh. Please don't complain about $5 in losses!!!

SparklyD said...

Oops I meant $5k...

Anonymous said...

buy gold. I dont know why I give this nugget....so to speak.

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