US to Canadian dollars
DW and I will be going to Canada in August. We will be entering at International Falls going to Winnipeg and on to Saskatchewan. We plan to use of charge card as much as possible but already know a ...
Forum Discussion
almcc wrote:ford-willy wrote:
Coincidentally, My wife and I stopped today at the Currency Exchange that our Credit Union is linked to in Southern California. We are leaving in 2 weeks for our 3 month trip. We had 2500 dollars cash US and asked for it to be converted to Canadian. I am looking at the invoice right now. We gave them 2,498.05 and received 3,280.00 cash Canadian. The bills are so odd looking to us that the wife is going to have fun showing them to the grand kids. Not used to seeing bills with transparent portions.
Today's Bank of Canada exchange rate is 0.732 so if you were to get that rate you would have gotten $3412 C$ and change. Canadian banks charge about 2.5% above the BOC rate to do an exchange. I would check your CC's actual exchange rate buried in the transaction to see how it compares to the BOC rate plus 2.5%.
Probably not a big deal for a one off but for us Canuks it is a bigger deal for us converting C$ to US$ going south for the winter, I use a service that gives us US$ at 0.5% above the BOC rate.
Thanks for the info. Ya, sales at the Lake Havasu City Az. resort that we are owners at have slowed from Canadians because of the exchange rate I believe. They still rent by the droves though.
