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-   Vancouver Off-Topic / Current Events (https://www.revscene.net/forums/vancouver-off-topic-current-events_50/)
-   -   Exchange rate: 0.9485!!! (https://www.revscene.net/forums/592034-exchange-rate-0-9485-a.html)

choda 01-15-2010 02:04 PM

where is the best place to buy USD?

TypeRNammer 01-22-2010 03:30 PM

omg the thread title matches the current exchange rate now =(

J____ 03-17-2010 12:05 AM

0.99 right now!!!!

hotjoint 03-17-2010 12:11 AM

Good shit
Posted via RS Mobile

slammer111 03-17-2010 12:24 AM

Meh, pretty much everything in USA costs about 20-30% less than over here at this point, even with taxes. Even back then when it was 0.9, everything was still much cheaper in the States.

Certain items have an even worse discrepancy right now. Bought a kb/mouse combo online for $92USD (tax free) last week. Same product off a Canadian website was like $138CAD before taxes, or $155 taxes in.

I'm surprised there isn't that mad rush to import cars all over again.

HonestTea 03-17-2010 01:15 AM

Planning to change $1000 tomorrow to head to the states in 2weeks, which is the best place for rates? Vancouver Buillion?

It's 0.987 right now, should I exchange now or wait a little bit til 1:1(or higher) since I'm not leaving right away.

hotjoint 03-17-2010 03:55 AM

I'm just gonna exchange 10gs when we're at par and wait for the dollar to drop again. I'm thinking of making some good coin ;)
Posted via RS Mobile

Vansterdam 03-17-2010 05:50 AM

yea i need a suggestion for another place to exchange besides the banks :0

haymura 03-17-2010 06:36 AM

Quote:

Originally Posted by hotjoint (Post 6863887)
I'm just gonna exchange 10gs when we're at par and wait for the dollar to drop again. I'm thinking of making some good coin ;)
Posted via RS Mobile


from my understanding, ur converting 10gs to US right now since the rate is close or will be at par so your profit comes in when you ride and wait for the US to go up again. once it hits the all time high again your pretty much almost doubling your money on the rate. If i decide to do something like this, where would i do it and what would i need to do? Do i need to make a US savings account?

freakshow 03-17-2010 10:04 AM

Quote:

Originally Posted by Vansterdam (Post 6863915)
yea i need a suggestion for another place to exchange besides the banks :0

In Richmond I always compare between two places:

http://Kingmark.ca and http://www.vbce.ca/

Quote:

Originally Posted by haymura (Post 6863942)
from my understanding, ur converting 10gs to US right now since the rate is close or will be at par so your profit comes in when you ride and wait for the US to go up again. once it hits the all time high again your pretty much almost doubling your money on the rate. If i decide to do something like this, where would i do it and what would i need to do? Do i need to make a US savings account?

You wouldn't double your money, even if the USD went fairly high again.
All you need is a USD account and a CAD account. It's not a simple flip though, you may need to wait a bit of time to get your money back.

eg.
Let's generalize and say that an exchange place will always exchange at .02 + or - depending on if you're buying or selling.

With rough numbers, lets say the market is at par (1.0), and you change CAD$10K to USD @ 1.02 (rate +.02), which is USD$9803.92.

Now you need to wait until the market is at 1.04 so that you can change it back, and you'll just break even: USD$9803.92 @ 1.02 = CAD$10K

So to make any profit, let's say you could change it back at 1.04, which would be CAD$10196.08 ($196 profit), you essentially had to wait for the market to go all the way from 1.0 to 1.06.

*Disclaimer.. I'm a total noob.. so.. please correct me if any of this is wrong.

haymura 03-17-2010 10:14 AM

^

i think that makes good sense to me. I was under the wrong impression that doing something like what i described means instant doubling when rate goes at peak high. Guess its better to just change a decent amount and go US shopping. hahaha!

choda 03-17-2010 10:49 AM

The Dollar is almost at par!!!! Time to go cash in boys!

shenmecar 03-17-2010 10:51 AM

http://www.xe.com/ucc/convert.cgi?Am...rom=CAD&To=USD

1.00 CAD = 0.991922 USD

OMGWTFBBQ!!!!!!!!!!

1exotic 03-17-2010 10:58 AM

wow the exchange rate is almost par.

It's time to start husling money across the border.

AzNightmare 03-17-2010 11:20 AM

wow! time to eBay and shop online like mad now.

Ch28 03-17-2010 11:22 AM

Quote:

Originally Posted by shenmecar (Post 6864173)
http://www.xe.com/ucc/convert.cgi?Am...rom=CAD&To=USD

1.00 CAD = 0.991922 USD

OMGWTFBBQ!!!!!!!!!!

BUY BUY BUY

Yc 03-17-2010 11:59 AM

just wait till june, cad should go up even higher

q0192837465 03-17-2010 12:04 PM

rising price of natural resources + interest rate increase is gonna drive CAD up later. Invest accordingly

Gh0stRider 03-17-2010 12:34 PM

VBCE rate
selling @ 1.023000
http://www.vbce.ca/index.cfm?fuseact...jor_Currencies

HondaGuy 03-17-2010 06:46 PM

Went to my bank today and asked for $1000 USD, came out to be $1033.xx CDN from my account.

Not bad, I guess.

Shopping next week...

InvisibleSoul 03-17-2010 11:27 PM

Man... had to transfer $8000 USD out of my PayPal... should have done it a week ago.

Glad I did it last night though... if I waited until today, would have lost another $70 or so.

Vansterdam 03-18-2010 06:12 AM

news just said its at 99cents , how long you think its gonna be till we hit 1$ :D

alex.w *// 04-01-2010 11:32 AM

99 again today

anyone hitting the states this weekend?

411ken 04-01-2010 12:00 PM

Where do you guys exchange $? aren't all banks different and shit?

I asked to change for 560US and the teller said it would be 580Canadian

Ch28 04-01-2010 12:06 PM

Quote:

Originally Posted by 411ken (Post 6890072)
Where do you guys exchange $? aren't all banks different and shit?

I asked to change for 560US and the teller said it would be 580Canadian

Vancouver Bullion

http://www.vbce.ca/


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