When should I pay myself?

ldries
ldries Confirm Email, Member Posts: 2 ✭
in Ask The Community
I live in Canada. I work for a Japanese company & get paid in Japanese yen. I'm confused about currency exchange. Should I pay myself out when the yen is high or low?
At the moment, the Cdn dollar is worth $0.92 compared to Y100. I think if I pay myself now, I would be losing money. Is that correct?

Answers

  • DanVla
    DanVla Member Posts: 2 ✭
    It is unlikely that anyone will be able to accurately predict what the exchange rate will be, but looking at the chart that is now available, it is better to do this before the fall continues. But this is purely my opinion.

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