Author Topic: Currency Exchange  (Read 15905 times)

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Offline getthenet

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Currency Exchange
« on: March 03, 2015, 03:05:11 AM »
Anybody bite the bullet and exchange US currency for Can currency,about 25% right now,or roll the dice and hope it's even better in a few months ?

Offline fishtildark

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Re: Currency Exchange
« Reply #1 on: March 03, 2015, 07:14:41 AM »
Getthenet, We did exchange already .Havent been watching but the rate quoted in paper and online is much higher than the one you can get in the local bank.... unless you are trading for the big boys on wall street. Let us know if you get better than 2/3 of quoted for future reference. good luck.
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Offline Dog

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Re: Currency Exchange
« Reply #2 on: March 03, 2015, 03:03:00 PM »
I plan to exchange in Pittsburgh sometime later this month so long as I can get 1.15:1.

Offline JigginFool

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Re: Currency Exchange
« Reply #3 on: March 03, 2015, 09:22:42 PM »
Went north of the boarder in Fort Erie and bought $1,000 and got $122 extra which we spent 1/2 on dinner and beer, but we will be going up again hoping the rate goes higher.

Offline Nancy

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Re: Currency Exchange
« Reply #4 on: March 03, 2015, 09:37:03 PM »
Does anyone know what is creating the difference in exchange rate right now?

Offline Dog

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Re: Currency Exchange
« Reply #5 on: March 03, 2015, 09:51:30 PM »
Does anyone know what is creating the difference in exchange rate right now?

so many factors on this but I would say perhaps one of the larger factors is the low price per barrel of oil. when that goes back up, the canadian economy will rebound slightly (since they produce more crude than the US), their dollar will get stronger and the exchange rate will go back close to even or in their favor... remember when gas was close to $4-4.50-5/gallon?... the exchange rate was darn near even.... lots of other factors obviously too but this would be my guess right now. As the price per barrel of oil goes up, the exchange rate will go down....

Offline getthenet

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Re: Currency Exchange
« Reply #6 on: March 04, 2015, 02:47:11 AM »
I hear ,heck with the banks and duty free,the best place to exchange currency are the casinos just north of the border. Any truth to that ?

Offline JigginFool

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Re: Currency Exchange
« Reply #7 on: March 04, 2015, 09:14:09 AM »
I type wrong on what I got, I actually received $221 on a $1,000 so it was 22% at CIBC in Fort Erie.  I always found the banks and casino gave the best.  I called the Casino in Niagara Falls and they were the same as the banks.  When I was at the bank they recommended setting up an account which I'm going to do, then when the rates go up you can send them a check to deposit and you get the rate of the day and don't have to run across the boarder to exchange it. 

Offline getthenet

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Re: Currency Exchange
« Reply #8 on: March 05, 2015, 02:56:27 AM »
Just thinking,maybe the casino/race track in Barrie would be a good stop to exchange currency. Just a stone throw off 400,easy off ,easy to get back on !

Offline getthenet

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Re: Currency Exchange
« Reply #9 on: May 22, 2015, 07:12:04 AM »
Anybody exchange currency lately ? Looks like the rate is still about 22% !

Offline Mr3seasonscamp

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Re: Currency Exchange
« Reply #10 on: May 22, 2015, 09:05:44 AM »
As of today my bank give me 1.19 $$

Offline jackalofnar

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Re: Currency Exchange
« Reply #11 on: May 22, 2015, 12:57:36 PM »
darn, my bank keeps giving me a dollar for a dollar... ???

Oh ya, I am Canadian... :D

Offline RHYBAK

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Re: Currency Exchange
« Reply #12 on: May 22, 2015, 02:07:32 PM »
up to date rates.
Keep[ in mind,this is not what the banks will give you
http://www.xe.com/currencyconverter/
Be kinder than necessary, for everyone you meet is fighting some kind of battle

Offline T-Bone

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Re: Currency Exchange
« Reply #13 on: May 23, 2015, 06:37:16 AM »
Rate yesterday was just under $1.21, converted to $1.14 net after fees. Pick up the cash on Tuesday.
Embrace every moment...you only get it once

Offline limacharley

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Re: Currency Exchange
« Reply #14 on: May 25, 2015, 10:01:13 AM »
TBone-What fees are you talking about anyways?
             Convert it in Canada. I don't think you will pay any fees.

today at Scotiabank, you hand the teller $1000 usd, you get $1195 cad....that's almost 200 extra dollars; no fees
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