Can anyone share their experience with trading in forex market? I’m mainly trying to look at how I can hedge the CAD to INR rise over the next few years.
Here’s my deal: I moved almost all my investments from the US to India last year when I moved back to India. I’ve now moved to Canada as a PR, and looking to move my funds from India to Canada slowly. I’m anticipating that I’ll need a majority of my funds in India for a down payment at some point if and when I decide to buy a house here.
Looking at the CAD to INR outlook for the next 2 years, I’m concerned that I’ll bleed a lot on forex transfers. What’s the best possible hedge here?