Canadian citizen/resident: does US funds account makes sense for long trip?
As a Canadian citizen, does it make sense for me to have an US funds account? What do other people do?
The context is a longer trip (a year?) through South America, parts of Africa.
I guess it is always a gamble, but since I have some funds for the trip saved, does it make sense to "convert" some of it to US dollars when the exchange rate is good to hedge against the possibility of the Canadian dollar tanking? Of course it could go the other way.
Based on a previously trip (3 months) in Central and South America, I used ATMs frequently enough to make me question whether there is "more bang for the buck" to have my "source" currency as Canadian dollars vesrus US dollars.
Any pointers would be welcome.
Cheers.
Adam
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