We are now over a dollar US.

wow thats insane
i gotta go exchange soon

The dollar breaking parity is terrible for our economy :(

Slightly below parity is what I always hope for..

You mean parity.

:blush: thanks.

0.99406

SHOPPING TIME! :fuckyea:

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

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

Obama said the weaker dollar is here to stay, I wouldn't get too excited & exchange to USD and wait for it to appreciate
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Share with us, that is better than bank rate

Any idea if it will surpass this month?

$1 CAD = $1.0107 USD

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

i never hold on to USD these days

If u want to hold a currency, hold RMB. It's gonna appreciate for sure
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^
true that. China is really coming up in the game.

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

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

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.

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.

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

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

^ 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!

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.