New Canadian currency melts?
I went to local bank today to exchange U.S. currency for Canadian for our upcoming RV trip through Canada to Alaska. As I was preparing to exit the bank, the teller mentioned to me NOT to leave the n...
Forum Discussion
Orion wrote:lakeside013104 wrote:Orion wrote:
We always tell people on here to buy their Canadian currency when they actually get to Canada, as there is much more currency exchanged in Canada and normally the rates are better.
As a matter of interest, what rate did you actually pay?
Answer:
1.05252% was the exchange rate received from my local bank.
lakeside
Interesting! So for every $100(US) you gave the bank, they gave you $105.25Cdn.? but as they wouldn't give you Canadian coin, they would have to give you an even amount of Canadian dollars. So if you bought $100 Cdn from them, they would charge you $95.01US.?
I just checked the Royal Bank website and they would pay you $105.87 Cdn for your $100US. TODAY. Not as much difference as I thought, that's why you have to make sure that you have the rates the 'right way round'. Exchange rates can be VERY confusing!
You are correct and I agree, very confusing.
Lakeside
