Currency Exchange

If your a Canadian citizen, consider opening a US investment account, and transferring a small percentage of funds each month. The percentage does not have to be very much, say 1% of your paycheck.

Each dollar you buy gets translated at the current rate. Right now the American currency is at an all time low. Every Canadian dollar you spend is multiplied by the current exchange rate; thereby, increasing the American dollars that you buy right now.




Any interest that you accumulate will be translated into whatever the current exchange rate. You will gain money when you buy, and you will gain money when you transfer it back. It won't be by much, but everything adds up.

To find out what the current exchange rate is just search for currency exchange on any search engine. The one I use is Universal Currency Converter. Here is the address, http://www.xe.com/ucc/.

To be continued...