What actions have the US AND Canada to counteract the POOR e

What actions have the US AND Canada to counteract the POOR exchange rates??

Solution

Some of the things which are being done:

1. Buy now : if you believe the economists , we should buy now as the weakness in oil patch will effect the exchange rate

2. Buying several times a year gives an average of what is all going on. This smoothens the effect of fluctuating exchange rate.

3.Buy on spikes: buy the currency when there is a run up as in early May

4. Set up U.S. dollar account : let banks offer U S dollar credit cards., plus U.S dollar chequing accounts. We can move canadian dollar into it and get it converted to americaan dollar.

4. Use bulk buying power: The canadian snowbird association has a currency exchange program . It offers best exchange rate. So it can also be used.