The miserable US$ to C$ exchange rate
- Thread starter jackyo8193
- Start date
Our low dollar is good for the Canadian export economy, if our unions were not so overpriced and underproductive Canada would be in better shape. Even with our low dollar we have a hard time competing in the world market. My mom gets a German war pension on Euros and is happy with the low dollar. The low dollar helps the oil industry also as the rate is in US funds.
Never thought I'd say this, but I miss the Montreal SP rates! When you factor in the 40% exchange rate today, the average South Florida hour of $200 becomes an expensive $280. Way to much for a bi-weekly visit over 4 months.
Question: Always been a GFE 1 hr or more. In order to save, thinking of cutting back to 1/2 and go for BR with hj/bj. Is it enough? In looking at what's available I see mostly asian/black/latina, not the same quality of girl. Get the feeling that I won't enjoy the experience. Comments??
Question: Always been a GFE 1 hr or more. In order to save, thinking of cutting back to 1/2 and go for BR with hj/bj. Is it enough? In looking at what's available I see mostly asian/black/latina, not the same quality of girl. Get the feeling that I won't enjoy the experience. Comments??
Hey EagerBeaver, where do you see this buck 37? Went to bank today and was told buck 33, is there a special place i can go to get buck 37? And i would love to see buck 40 also. If it is going that high ill wait for new year?
Thor Jr
Banks take approximately 3-4% commission. Calforex (on Peel) takes a 1.5% commission plus a small fee. The ATM takes zero commission, just a small fee. Go to the ATM and you'll get 1.37$, less about 3$.
So 3$ for total amount? Not so bad. So exchange 1000$ US and get about 1370$. minus 3$, ok, i like that. lol
Thor Jr
Almost, but not quite. Your bank will probably limit you to $500 per day. Each transaction will cost you three dollars in fees. If going to the bank for $500 each day is more trouble than it's worth, then go to Calforex. You'll still get about $1350 for your $1000, but I believe you'll need to bring cash, your card won't be good there
There are only a few ways to avoid high transaction fees between US/Can exchanges. The simplest is to use one of the few credit cards that use the true exchange rate on your transactions. There are a handful in Canada and the US. Another way is to use "Norbert's gambit" if you need to transfer large amounts, say in the tens of thousands and up. Almost everthing else has obvious or hidden fees, usually 2-3% (yeah, like i'll waste $2,000 on some bank lackey to move $100,000 for me).
The cut on an ATM card is exactly zero. The banks here get a fee of 2.50-3.00$. My home bank gets $1.00.
Using a large bank for an ATM card is one thing but using them for other services like a condo loan or a restricted bank account is another. Just to use Chase as an example, I have personally observed clients who were told to use local banks learn the hard way that the superficial analysis doesn't work. These larger banks like Chase have their own rules that do not necessarily jibe with local state laws and when the bean counter tries to comply with company rules that do not comport with local state laws, the customer ends up with a legal problem. Seen it many times. It actually creates business for me even though I warn the client in advance.
On another note it's up to $1.38 today. Will the exchange rate go to $1.40 by the new year? Any bets?
Up another .003 since you posted, Beav. With the fed set to hike rates, $1.40 is a very real possibility.
At this point (pushing $1.40) who can complain? I took some American cash that I had on me this summer and walked into a BMO branch with no account there, and got like 3 or 4% less than the going rate, i was totally fine with it and not going to cry over getting a few dollars less than the going rate. I was just happy to get more in Canadian back and in that case the cash I got back paid for 2 tickets and two drinks each to a just for laughs show with one of Montreals escort legends on my arm for the entire evening.
Don't understand how this is possible. The US is the most indebted country in the world with something like $20 trillion dollars in the hole, totally Bankrupt, not an ounce of Gold to back anything up. Fact is the US Dollar is worthless. Something like this ---> :yield:
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