NT to CAD conversions

Ok. I hope this isn’t a stupid question and apologize if I should have sent it as a reply to the “NT dollar to rise…” post. I’m just trying to figure out when is the best time to convert my cash. I read the aforementioned post and understand that the NT is growing stronger/US dollar weakening but I’m unsure of how this relates to the CAD because the CAD is also growing stronger against the US dollar (or has in the recent past)…though I don’t know if to the same degree. I also don’t know of seasonal, daily, etc. variations/trends that might affect the value or political/economical events I should be attending to in terms of when I should convert. I’m not really even sure who to ask. Clearly any insights or suggestions would be greatly appreciated :slight_smile: Sorry again if this is a dumb question and I’m “missing the obvious.” Thanks in (hopeful) advance.

I think is it very hard to time the fx market. CAD is benefiting from trade data vs. US and interest rate differentials vs. TW. Actually, recently (last few weeks) the USD has been strengthening against the TWD.

However since you seem like you want to speculate, if you do not need the CAD right now. I would wait for about 3 months. Currently the CAD/TWD is at 27.395. It has strengthened considerably in the past 3 months. The 52 week high is around 27.7624 (also a 2 year high). If the CAD goes through this is could easily hit 28.50. However, it is a fine time to convert as it will be a rougher and slower climb then the last 3 months. Also 27.395 is well above the average rate of the last 2 years. More risk to waiting, but acceptable.

As for CAD/USD, the CAD has strengthened also in the past 3-4 months. It is at 1.1918 and I think there is no chance at 1.15. The USD is a big factor in the three of these currencies.

Also you need to make sure you get good fx rates at banks b/c these are interbank rates I am quoting.