US/Canada Exchange Trend?

[rony_espana]

Hey Guys, I have to buy some US money for a vacation I'm taking and noticed that its sitting at 1.300 right now for 1.0 US. Anyone here follow the trend at all, I'm leaving in 2 weeks so not sure if I should wait a couple weeks or buy right now before it gets worse. I asked the bank teller and she said it will get better in the next 2 weeks....I didn't really believe her though!

Thanks for any advice!

[Team_Mclaren]

http://forums.beyond.ca/st/240079/canadian-dollar-predictions/

[rony_espana]

:facepalm:

Thanks...

[AZ REALTY]

Originally posted by rony_espana
noticed that its sitting at 1.300 right now for 1.0 US.

$1.30?? It's been right around $1.20 for a while now and hasn't really changed. Where are you paying $1.30?

[rony_espana]

Thats what they told me at the bank:

http://scotiabank.com/rates/fxrates.html

[krazykhoja]

Originally posted by AZ REALTY


$1.30?? It's been right around $1.20 for a while now and hasn't really changed. Where are you paying $1.30?

Where are you paying $1.20??

The rate is approx. $1.25 IIRC...so most exchange rates at the bank will be approx. $1.27-$1.30.

OP you can try CalForex downtown...from what I have heard they generally have good exchange rates...I also think there is a place on 16th ave near where the Brick used to be (sorry not anymore clear...but hopefully someone else can remember the name)?? I have heard they have good rates also.

Hopefully you can get a half-decent exchange rate

[AZ REALTY]

Originally posted by krazykhoja


Where are you paying $1.20??

The rate is approx. $1.25 IIRC...so most exchange rates at the bank will be approx. $1.27-$1.30.


I've been using my RBC visa in Arizona and since the Canadian dollar dropped, the most I've been charged is $1.23. I haven't been to a Canadian bank in the last 2 years, but my credit card rate hasn't come close to $1.30 and I use it everyday here.

[adam c]

goto calforex, you'll get better rates than the banks will give you

[krazykhoja]

Originally posted by AZ REALTY


I've been using my RBC visa in Arizona and since the Canadian dollar dropped, the most I've been charged is $1.23. I haven't been to a Canadian bank in the last 2 years, but my credit card rate hasn't come close to $1.30 and I use it everyday here.


Not sure then...I haven't checked the exchange rate in a couple days...but generally what the exchange rate is you add approx. 2-5 cents and thats what the banks will charge you...so it could be I have the exchange rate wrong...

As I stated above tho CalForex I have heard has really good rates so that might be a good first place to call for the OP

[adam c]

calforex is on 8th ave and 2nd street, kiddy corner to ATB, CIBC and Scotia Bank

[rony_espana]

cool, I'm gonna go check it out today, the exchange rate at scotia went down to $1.26!

[ExtraSlow]

+1 for Calforex. Almost never a line, and good service.

[supe]

Can someone else confirm this. I was told that most visas and mastercards offer very competitive exchange rates. They also reflect the exchange rate at the time of purchase too. So to save you on exchange rates, use as much plastic as you can.

[rony_espana]

so I just called and the exchange rate at calforex is 1.2522 and the rate scotiabank is 1.2600

[adam c]

you would be hard pressed to find a better exchange rate somewhere else

[Thaco]

Originally posted by supe
Can someone else confirm this. I was told that most visas and mastercards offer very competitive exchange rates. They also reflect the exchange rate at the time of purchase too. So to save you on exchange rates, use as much plastic as you can. be careful with CC's they generally have a service fee of 2.5-3.5% for all currency exchanges.

[Jeremiah]

my bank is offering 1.2598, i think ill just buy today rather than see what happens tomorrow to be safe, what do yall think?

[rony_espana]

Originally posted by Jeremiah
my bank is offering 1.2598, i think ill just buy today rather than see what happens tomorrow to be safe, what do yall think?

haha, I'm in the same boat....not sure if I should buy today or wait until tomorrow or next week! :dunno:

[krazykhoja]

I generally check FX rates (http://www.xe.com) on this site and its showing 1 USD = 1.23579

Not sure what the rate was yesterday so not positive if the rate will go up/down for tomorrow or not. If someone can shed some light on this it would be great.

In terms of waiting or not...it all depends on how much you need/how long you can wait.

I'm planning to go on vacation in the summer so hopefully the rates improve lol...

If only we could have low gas prices (and oil) and also have a good exchange rate...that would be awesome :)

The rate is constantly updated on that site so it now shows 1.23530...so you will get different rates when you check...

[sabad66]

haha i'm in the same boat..going to Vegas on wednesday, and I don't know if I should buy a whole bunch here, or just withdraw while i'm there.

[Jeremiah]

Fuck i miss the days when $500USD = $500CAD

Today $500USD = $632CAD

Sigh... oh well

VEGAS BABY!

[rony_espana]

yeah its sitting at 1.2700 at scotia right now :(

I think I may just buy today, could get worse next week....:cry:

[Eleanor]

What is gas at? If gas is about $0.75/L, then the CAD is about $0.75 USD. :D

[adam c]

saw gas for 73.9 on the way home today

[TYMSMNY]

Originally posted by adam c
saw gas for 73.9 on the way home today

Yup... less 3.5 cents or even 5 cents!

[benyl]

64.9 at gas plus according to calgary gas price website.

[szw]

Originally posted by Jeremiah
Fuck i miss the days when $500USD = $500CAD

Today $500USD = $632CAD

Sigh... oh well

VEGAS BABY!

Do you remember when $500USD = $750CAD?

[Jeremiah]

Originally posted by szw


Do you remember when $500USD = $750CAD?

Oh yes of course, but i guess we have been spoiled for the last 2 years :(

[adam c]

remember when 500 USD = ~900 CAD?

[adam c]

bump..

US appears to be crashing again

anyone know wtf is with the Euro though? it's sky rocketed

U.S.A. USD 1.1998 1.2009 EURO EUR 1.7212 1.7226

[rony_espana]

Damnit i boúght last week at 1.27

[adam c]

where did you buy from?

[rony_espana]

Originally posted by adam c
where did you buy from?

I just bought from scotia, it was only about a cent more that calforex. However if I would have waited until today I would have saved over $100....scotia selling at 1.2275 :banghead: :banghead:

[kenny]

Originally posted by adam c
US appears to be crashing again

anyone know wtf is with the Euro though? it's sky rocketed

U.S.A. USD 1.1998 1.2009 EURO EUR 1.7212 1.7226

UK expected to drop interest rates like the US did so the money is flowing into the Euro (and being pulled out of US and UK).

[adam c]

Originally posted by rony_espana


I just bought from scotia, it was only about a cent more that calforex. However if I would have waited until today I would have saved over $100....scotia selling at 1.2275 :banghead: :banghead:

and you know calforex has a buy back program?

if you don't use all the foreign currency, you bring back the currency you have and you get cdn at the rate you paid at the time for the other currency

ie if you paid 1.27 CDN for US, you would get back the amount you paid for it