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04-26-2010, 06:32 PM
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#1 | | I Wanna Go Fast!
Join Date: May 2002 Location: Nomadic
Posts: 5,907
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| Currency Exchange in Vancouver
I searched but didn't come up with the answer I was looking for.
I'm looking to purchase a vehicle out of the United States. I will not put up with my bank exchanging my Canadian dollars at 97c/US. Are there any companies, banks, etc out there that will give me an honest and up to date exchange on a sum of cash ($6000-$7000)? The dollar is at par and would like to get it exchanged at par but it seems like too much to ask. If anyone could offer up suggestions it would be GREATLY appreciated. Thank you.
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04-26-2010, 08:17 PM
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#2 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,133
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__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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04-26-2010, 08:46 PM
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#3 | | I Wanna Go Fast!
Join Date: May 2002 Location: Nomadic
Posts: 5,907
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Thanks for that useless post tiger! I'm looking for some personal experiences with specific institutions trying to save myself from a wild goose chase if possible. Posted via RS Mobile | |
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04-26-2010, 09:07 PM
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#4 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,133
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you could've listed some places to show that u've researched.
BUT, i personally use vancouver bullion. their rates are very competitive , and they have a "prefered card " where u can get .015 more. which makes a diff if your dealing in large sums. The chinatown location has good staff.
we also use VBCE at the place i work at.
i've used customhouse as well - they are not that competitive compared to vbce.
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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04-26-2010, 10:12 PM
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#5 | | I Will not Admit my Addiction to RS
Join Date: Feb 2004 Location: Burnaby
Posts: 577
Thanked 20 Times in 13 Posts
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when the news is posting that the cdn dollar is at par to the usd it means that the posted rate that the Bank of Canada is trading at is at par not for all trades.
foreign exchange is tiered like many other goods, the more you buy the better the deal.
go to you bank and ask what rate you would get for $1000 vs say $10000+, the later will have a slightly better rate, in addition getting it in a draft or deposit to an account will get you a better rate as non paper money transactions are cheaper for banks
unfortunately for everyday transactions you will incur a fee for exchanging your money but being smart about can save you some money.
but if you want a simple answer - vbce usually has a better rate than banks
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04-27-2010, 11:09 AM
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#6 | | I Wanna Go Fast!
Join Date: May 2002 Location: Nomadic
Posts: 5,907
Thanked 2,393 Times in 587 Posts
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Excellent, THANK YOU guys I will try those suggestions and hope I don't get ripped.
/ thread
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04-30-2010, 08:03 AM
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#7 | | I don't get it
Join Date: Jan 2007 Location: vac
Posts: 449
Thanked 263 Times in 96 Posts
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My friend is involved with peerfx.com
Check it out...
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05-08-2010, 01:28 PM
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#8 | | Even when im right, revscene.net is still right!
Join Date: Dec 2008 Location: Richmond
Posts: 1,360
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+1 for VBCE. I use the granville+ ~14th ave location.
__________________ Quote:
Originally Posted by JSALES  While driving yesterday I saw a banana peel in the road and instinctively swerved to avoid it...thanks Mario Kart. | | |
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05-08-2010, 10:14 PM
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#9 | | I STILL don't get it
Join Date: May 2001 Location: van
Posts: 496
Thanked 23 Times in 6 Posts
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vbce got the tightest spreads locally
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asdf
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06-03-2010, 11:00 AM
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#10 | | nuggets mod
Join Date: Feb 2002 Location: richmond
Posts: 7,051
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My routine is:
- Call VBCE and get rate
- Goto TD, ask them to either match it, or give me a money order made out to VBCE.
At least the 3 Road branch, you'd be surprised at how willing they are to match it, knowing that their competition is a few doors down.
__________________
I searched for truth, and all I found was You
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06-03-2010, 11:40 AM
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#11 | | resident Oil Guru
Join Date: Mar 2005 Location: Vancouver
Posts: 7,716
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What's the best way to get USD from VCBE? Walk in with cash? Can they debit out of an account?
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06-03-2010, 01:24 PM
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#12 | | I bringith the lowerballerith
Join Date: Oct 2001 Location: Yaletown Snob
Posts: 1,119
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Originally Posted by LiquidTurbo What's the best way to get USD from VCBE? Walk in with cash? Can they debit out of an account? | They can debit out of account.  | |
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06-03-2010, 11:34 PM
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#13 | | Revscene.net has a homepage?!
Join Date: Aug 2009 Location: smallville
Posts: 1,249
Thanked 638 Times in 176 Posts
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another +1 for VBCE. use them all the time.
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06-05-2010, 06:43 PM
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#14 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
Posts: 6,969
Thanked 1,245 Times in 575 Posts
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Need some RMB's but it's hovering around 6.4  | 
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06-06-2010, 09:21 AM
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#15 | | Ready to be Man handled by RS!
Join Date: Nov 2006 Location: Vancouver
Posts: 82
Thanked 2 Times in 2 Posts
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+1 on vancouver bullion, they have a lot of currencies that some banks don't bother carrying and their rates are more than fair, i asked my bank for some Hong Kong dollar last time and they only had HKD$300 on hand, thats like only about CDN$40, LOL...
if u have a friend that works at a bank, ask them do get the exchange done for u as they get a better rate, i was able to get $0.02 better on the USD exchange last week by doing this, u get a better deal if u get a USD chq vs USD cash as well (difference is only about $0.005, but if the amount is large enough, there will be a difference) same rule applies to other currencies
hope this helps
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