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-   -   exchange rate 0.99 / 1.00 maybe? (https://www.revscene.net/forums/626900-exchange-rate-0-99-1-00-maybe.html)

MG1 12-28-2010 11:41 PM

We are now over a dollar US.

Durrann 12-28-2010 11:54 PM

wow thats insane
i gotta go exchange soon

MindBomber 12-28-2010 11:55 PM

The dollar breaking parity is terrible for our economy :(

Slightly below parity is what I always hope for..

mickz 12-28-2010 11:57 PM

Quote:

Originally Posted by MindBomber (Post 7244527)
The dollar breaking parody is terrible for our economy :(

Slightly below parody is what I always hope for..

You mean parity.

MindBomber 12-29-2010 12:11 AM

:blush: thanks.

Quote:

Originally Posted by mickz (Post 7244528)
You mean parity.


TRDood 12-31-2010 09:23 AM

0.99406

SHOPPING TIME! :fuckyea:

OTG-ZR2 12-31-2010 10:34 AM

picked up $100 USD for $99.88 CAD woot!!! Brand new crisp bills too

RevRav 12-31-2010 10:39 AM

Quote:

Originally Posted by OTG-ZR2 (Post 7246846)
picked up $100 USD for $99.88 CAD woot!!! Brand new crisp bills too

Where did u go? Best bank can offer right now is 1.0185

OTG-ZR2 12-31-2010 10:48 AM

Scotia. I have family that works there, so its just employee rate.

TomBox_N 12-31-2010 04:54 PM

Obama said the weaker dollar is here to stay, I wouldn't get too excited & exchange to USD and wait for it to appreciate
Posted via RS Mobile

racerman88 01-01-2011 08:52 AM

Quote:

Originally Posted by OTG-ZR2 (Post 7246846)
picked up $100 USD for $99.88 CAD woot!!! Brand new crisp bills too

Share with us, that is better than bank rate

invader 01-13-2011 12:20 PM

Any idea if it will surpass this month?

TheKingdom2000 01-13-2011 02:24 PM

Quote:

Originally Posted by invader (Post 7263512)
Any idea if it will surpass this month?

$1 CAD = $1.0107 USD

so it has already surpassed..
no one can predict the market.

unit 01-13-2011 02:31 PM

i never hold on to USD these days

q0192837465 01-13-2011 05:46 PM

If u want to hold a currency, hold RMB. It's gonna appreciate for sure
Posted via RS Mobile

shenmecar 01-13-2011 05:47 PM

^
true that. China is really coming up in the game.

Euro7r 01-13-2011 06:00 PM

Good time to buy stuff in the states if you are a shopper.

J____ 01-13-2011 06:06 PM

if anyone wants USD I can exchange for you for a better rate than a bank/vcb. I want to get rid of my USD...

just pm me how much you want to exchange and what the rate is where you would go to exchange it, I will confirm the rate and give you a better one. can either do money order or we'll go withdraw cash together. Dont want no fake bills =P

invader 01-13-2011 06:13 PM

Quote:

Originally Posted by mx703 (Post 7263623)
$1 CAD = $1.0107 USD

so it has already surpassed..
no one can predict the market.

Where do you see that?
I'm using xe.com and they are currently showing $1USD = $.99 CDN

TheKingdom2000 01-13-2011 06:34 PM

Quote:

Originally Posted by invader (Post 7264013)
Where do you see that?
I'm using xe.com and they are currently showing $1USD = $.99 CDN

i'm assuming xe.com is a broker that exchanges money ?
So they're probably taking a cut.

the rate i posted is the true rate.

and if xe.com is a broker their rates are pretty bad, especially for an online one.
I'm looking at my TD account right now and they quoted me $1USD = $1.0058CAD for a foreign exchange transfer.

Makariri 01-13-2011 06:45 PM

Yeah, I think we've got a few months at least of the dollar around the parity level. US currency has been seriously devalued with the recent history of poor govt economic decision-making down there.

Like someone else said earlier - good time to buy into precious metals.

keifun 01-13-2011 06:52 PM

time to buy car parts...SPLURGE!:woot2:

invader 01-13-2011 07:00 PM

So what if i were to make a purchase through a credit card company, would they use a broker rate or the actual rate?

keifun 01-13-2011 07:26 PM

^ they will use the rate that your credit card company uses; its no where near actual rate, kinda like the exchange rate at banks, major ripoff!

TheKingdom2000 01-14-2011 11:27 AM

Quote:

Originally Posted by invader (Post 7264092)
So what if i were to make a purchase through a credit card company, would they use a broker rate or the actual rate?

say the true rate is $1CAD = $1.01USD
Banks might give you $1CAD = $0.99USD (below par)
your credit card will give you the worst rate, probably at like $1CAD = $0.97USD (below par)

So even though the true rate is above par, after the fee's and everything your CAD dollar is still worth less than the US dollar after everything is said and done.

Credit cards (almost all) always give you a crappy rate because they know most people don't have a US credit card so those people have no choice but to use their CAD credit card for US purchases. Which is why they give you the worst rate because they know you'll use your CAD credit card for US purchases.

Whenever I buy stuff in the states or online and need to pay with $US I use my TD US Visa card. So the purchase is charged in $US and I just go to my bank and do an exchange to save some money. To some people this isn't worth it especially if you only spend a few hundred $US. But, I buy enough things in $US I get some savings. I think BMO has a free US Visa card with no annual fee if you're interested or TD has their $US card free if you have a "select service" account.


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