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03-25-2016, 06:54 AM
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#226 | | Banned (ABWS)
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If you guys really want the best rate for big purchases, consider the norbert's gambit. This is where you buy US-CAD linked stocks on one exchange and have your broker sell it on the other saving massively on exchange rates (costs roughly 2 brokerage fees).
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04-11-2016, 11:16 PM
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#227 | | Fathered more RS members than anybody else. Who's your daddy?
Join Date: Aug 2002
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Closed Monday at around 1.288
or around 0.775
slowly........ever so slowly...............
__________________ Quote: |
"there but for the grace of god go I"
| Quote: |
Youth is, indeed, wasted on the young.
| YODO = You Only Die Once.
Dirty look from MG1 can melt steel beams.
"There must be dissonance before resolution - MG1" a musical reference.
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04-11-2016, 11:24 PM
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#228 | | ninja edits your posts without your knowledge
Join Date: Jan 2004 Location: Vancouver
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Originally Posted by twdm  If you guys really want the best rate for big purchases, consider the norbert's gambit. This is where you buy US-CAD linked stocks on one exchange and have your broker sell it on the other saving massively on exchange rates (costs roughly 2 brokerage fees). | Ehhhh not quite. It takes time to journal shares and in that time, the exchange could have had the opposite effect.
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04-12-2016, 10:51 AM
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#229 | | ...in the world.
Join Date: Oct 2001 Location: Richmond
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Trending down. Currently 1.277. Hope it hits something like 1.10 by the end of the year.
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04-15-2016, 11:36 AM
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#230 | | Fathered more RS members than anybody else. Who's your daddy?
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C'mon, CAD...... you can do it! Before trading closes for weekend. Each week, the dollar makes gains. Just in time for TJ shopping, lol.
__________________ Quote: |
"there but for the grace of god go I"
| Quote: |
Youth is, indeed, wasted on the young.
| YODO = You Only Die Once.
Dirty look from MG1 can melt steel beams.
"There must be dissonance before resolution - MG1" a musical reference.
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04-15-2016, 11:41 AM
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#231 | | I don't get it
Join Date: Feb 2016 Location: Richmond
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Originally Posted by Ronin Trending down. Currently 1.277. Hope it hits something like 1.10 by the end of the year. | This would be amazing,
To go from ALMOST $1.50 in February to " such a significant drop
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04-15-2016, 12:51 PM
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#232 | | I help report spam so I got this! <--
Join Date: Dec 2010 Location: Vancouver
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Not so much the CAD doing anything. More that the Fed is dropping the USD hard for a variety of reasons.
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04-15-2016, 01:06 PM
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#233 | | I answer every Emotion with an emoticon
Join Date: Aug 2007 Location: Paradise, BC
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Originally Posted by Nlkko Not so much the CAD doing anything. More that the Fed is dropping the USD hard for a variety of reasons. | Oh? Is that right? I didn't realize the Fed is behind the latest round of the greenback weaker strength.
Any guesses as to when they might stop?
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04-15-2016, 01:18 PM
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#234 | | Where's my RS Christmas Lobster?!
Join Date: Jan 2010 Location: vancouver
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It's great the CDN is going stronger, or the US being weaker.
Just my luck-- I bought something a few days ago when the exchange was 1.30 only to have the vendor realize they can't fulfill my order and taking 4 days to process the refund at the lower exchange rate today.  | |
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04-15-2016, 03:31 PM
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#235 | | Fathered more RS members than anybody else. Who's your daddy?
Join Date: Aug 2002
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wow, that kind of sucks......... hope it wasn't a huge amount.
__________________ Quote: |
"there but for the grace of god go I"
| Quote: |
Youth is, indeed, wasted on the young.
| YODO = You Only Die Once.
Dirty look from MG1 can melt steel beams.
"There must be dissonance before resolution - MG1" a musical reference.
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04-15-2016, 03:32 PM
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#236 | | I subscribe to the Revscene NWS thread(s)
Join Date: Jan 2007 Location: Vancouver
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Originally Posted by tomatogunk It's great the CDN is going stronger, or the US being weaker.
Just my luck-- I bought something a few days ago when the exchange was 1.30 only to have the vendor realize they can't fulfill my order and taking 4 days to process the refund at the lower exchange rate today. | Call the CC and let them know it's a refund. They'll refund you your full CDN amount.
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04-17-2016, 06:32 AM
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#237 | | I Will not Admit my Addiction to RS
Join Date: Jan 2013 Location: Calgary, AB
Posts: 556
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Have to pay my AirBnB for TI6 and it came out to 530 USD.
RIP my wallet.
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04-17-2016, 07:38 AM
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#238 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2011 Location: Richmond
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I'm waiting to order coilovers. Watching this CAD go up and down is killing me
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04-17-2016, 09:04 AM
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#239 | | Rs has made me the man i am today!
Join Date: Dec 2003 Location: VANcity East
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Originally Posted by 320icar I'm waiting to order coilovers. Watching this CAD go up and down is killing me | I'm on the same boat. I'm hesitant on when to drop down ~1200USD.
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04-17-2016, 12:03 PM
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#240 | | I answer every Emotion with an emoticon
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Originally Posted by keifun I'm on the same boat. I'm hesitant on when to drop down ~1200USD. | x3  | |
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04-17-2016, 01:09 PM
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#241 | | RS has made me the bitter person i am today!
Join Date: Feb 2013 Location: Vancouver
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Yeah I just sold a set of wheels to a US buyer so my paypal has 1400 US in it, don't know when I should take it out.
Kinda pissed off at the guy cause he took like a month to pay me, and in that period I lost like 5% on the exchange alone...asshole.
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04-17-2016, 01:50 PM
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#242 | | Where's my RS Christmas Lobster?!
Join Date: Jan 2010 Location: vancouver
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Originally Posted by syee Call the CC and let them know it's a refund. They'll refund you your full CDN amount. | called the cc and got the refund in full!!
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04-17-2016, 11:22 PM
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#243 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
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just to put things in perspective, on a month by month basis, we're talking a percent or a couple movement, so 5% on 1,400 (the example above) is $70 - not sure that's the biggest deal in the world (compared to a year ago, you're still up a lot on the FX).
as for movements, people here seem to be talking about momentum with respects to the US/CAD, the reality is that news moves the currency, and the main driver of US/CAD is oil price. Oil has crawled up and up over recent weeks (months), hence the gradual relative increase of US/CAD. Last night the Doha meetings ended with no agreement, hence oil falls, US/CAD falls.
There are many aspects that will move the currency pair, oil is a big mover and shaker.
If you don't want to worry about movements in the currencies, hold both (meme - just keep your USD as USD if you are going to spend it in the near future, don't worry about relative purchasing power in Canadian - the purchasing power of USD in US is always greater, that is, you will get a better deal)
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04-17-2016, 11:46 PM
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#244 | | Fathered more RS members than anybody else. Who's your daddy?
Join Date: Aug 2002
Posts: 25,204
Thanked 11,833 Times in 5,079 Posts
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Roller coaster ride? That's one helluva drop, lol.
__________________ Quote: |
"there but for the grace of god go I"
| Quote: |
Youth is, indeed, wasted on the young.
| YODO = You Only Die Once.
Dirty look from MG1 can melt steel beams.
"There must be dissonance before resolution - MG1" a musical reference.
| |
| | |
04-18-2016, 12:06 AM
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#245 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
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Originally Posted by MG1 Roller coaster ride? That's one helluva drop, lol. | is it, though? unless you're playing massive currency bets, it won't make an ounce of difference to your shopping in the US, etc.
it also just brings the rate back to where it was 10 or so days before.
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04-18-2016, 12:26 AM
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#246 | | RS has made me the bitter person i am today!
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Market was betting on some light in an actual production freeze from OPEC in Dohas' meeting, or at least some concrete plan.
It didn't happen.
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Nothing for now
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04-18-2016, 07:42 AM
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#247 | | My homepage has been set to RS
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And yet oil stocks rallied...interesting times.
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04-18-2016, 09:12 AM
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#248 | | ...in the world.
Join Date: Oct 2001 Location: Richmond
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I'd expect another drop in the next day or two if that chart is consistent.
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04-19-2016, 08:19 AM
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#249 | | I am Hook'd on RS
Join Date: Aug 2015
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1.26!!!!!!
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04-19-2016, 10:08 AM
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#250 | | I came, I saw, I conquered.
Join Date: Mar 2005 Location: Vancouver
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Originally Posted by Ducdesmo And yet oil stocks rallied...interesting times. | Oil rallied because of the oil strike in Kuwait.
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