IBKR & Canadian exchange rate

Discussion in 'Trading' started by wxytrader, May 23, 2024.

  1. wxytrader

    wxytrader

    upload_2024-5-23_5-14-32.png

    So with these rates, would you bother to change CAD to US if trading US stocks? I would prefer just keep all my funds in CAD.
     
  2. ZBZB

    ZBZB

    Do you want to trade on margin and pay interest?
     
  3. wxytrader

    wxytrader

    Yes on margin, but the stocks I'm trading don't have much of a margin allowance...pretty much all cash trades.
     
  4. ZBZB

    ZBZB

    You will be paying interest if you don’t do the currency conversion.
     
  5. wxytrader

    wxytrader

    So is it even worth doing the Norbit gambit with those exchange rates?