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went to exchange $40 Canadian this morning for U.S. $ - Got $35 back

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matcom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 06:13 PM
Original message
went to exchange $40 Canadian this morning for U.S. $ - Got $35 back
Edited on Mon Aug-06-07 06:13 PM by matcom
hhhhhheeeellllllllooooooooooooooo Euro!

on edit: that is what I had left from our trip up there. Should have exchanged for Mexican Pesos for our trip in February I guess :eyes:
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CTyankee Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 06:43 PM
Response to Original message
1. Last November when I was traveling in Italy the euro was $1.35 to the $
I thought that was outrageous.

I notice that the French prime minister has decided to vacation in the U.S. (New Hampshire). Well, I guess that makes us what some other foreign countries were to us,years ago. Places we could go and get a fabulous amount of travel and services for the almightly US dollar.
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HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 06:45 PM
Response to Original message
2. I got that beat.
When I got back from mexico I exchanged a urine sample for a bottle of penicillin from my doctor.
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demgurl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 09:01 PM
Response to Original message
3. For as long as I can remember......
the US dollar as always beaten the Canadian. Looks like everything is about to change. On an up note, though, isn't Canadian money so much prettier than ours?
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kath Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 10:24 PM
Response to Original message
4. Is the exchange rate that bad, or is your bank really ripping you off with
exchange fees?

Shit, even most credit card companies are charging a 3% or so foreign currency exchange fee - which is total fokkin' bullshit since it's all done electronically! Last I checked, CapitalOne was one of the few NOT doing this.
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SidDithers Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 10:32 PM
Response to Reply #4
5. Exchange is pretty bad (good?) right now...
I bought $200 US last week and paid $217 CDN. Same amount 3 years ago was almost $270 CDN.

Sid
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 10:38 PM
Response to Original message
6. Use credit cards as much as you can right now in Canada.
You will get the best exchange rate that way. With the currency exchange fees on cash right now, it will be much more ugly.
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kath Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 11:25 PM
Response to Reply #6
9. Except that now many credit card companies are charging 3% or so
in foreign currency exchange fees for all foreign transactions - totally ridiculous. See my post above.

Cash fees you can understand, but they shouldn't be too high. But w/ a credit card it's all done electronically, at no expense to the credit card company. These fees have cropped up just in the past few years. Your advice certainly used to be true, but it's best to check the fine print on your credit card - or ask them. As of 6 -12 mos. ago, CapitalOne was one of the few that hasn't instituted this sneaky fee. That may have changed.
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 10:38 PM
Response to Original message
7. Parity with the Loonie
It's not far off....
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-06-07 10:42 PM
Response to Original message
8. USA! USA! USA! #1 #1 #1
:rofl:
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