Canadian -> US Exchange

[cmartyn 0]

I just went to transfer some money at my bank.

Here is the quote I got.

Amount : 60000.00 USD

Conversion Rate: 1.1206

Converted Amount: 67236.00 CAD

The Canadian Dollar is up a bit today. Not at its peak but over 90 cents. Looks like I am paying about apenny over that rate or 600.00 for this privelage. Can I do better at that Customs House place?

[Flames9_RN 358]

How my acct is set up with Custom house I cant convert US $$ to Cdn $$$ so I can't give you an exchange rate. You can call them and they can give you a bal park rate. As you know it fluctuates. And it takes a few days to set up your custom house acct before you can make any trades.

[cmartyn 0]

Ok, Well if you were to convert 600.00 US - > Canadian, what would you get in Canadian? Less than 672.36 or more?

[Flames9_RN 358]

$600 cdn = $532.34 USD

1.1271 (inverse .88723272) at 2015 eastern time

But I can't convert it from USD to CDN. Can't see what rate they would give for that. I can only transfer Cdn into USA from my PC bank acct to my Wachovia, electronically. If one wants to do any other method, one has to get it approved. Most likley just a simple phone call or email. I only send $$ from Canada to the USA.

[cmartyn 0]

Sorry.. Ok Thanks. Thats still usefull information.

[Cassie 8]

according to xe.com (a free currency converter tool), in theory you should get about $667 dollars CDN for $600 US

[ceriserose 1]

My last customhouse exchange from US$ to CDN$ was .9116 (September 17).

The rate changes with the amount you're set at with customhouse though. So if you trade large amounts frequently you get a better rate. I have a low limit and only trade once a month.

(I know the timing isn't truly comparable but you could look back to rates on that date and see it retroactively.)

Edited September 28, 2006 by ceriserose

[Flames9_RN 358]

My last customhouse exchange from US$ to CDN$ was .9116 (September 17).

The rate changes with the amount you're set at with customhouse though. So if you trade large amounts frequently you get a better rate. I have a low limit and only trade once a month.

(I know the timing isn't truly comparable but you could look back to rates on that date and see it retroactively.)

I don't understand?? The exchange rate doesn't reflect how little or how often you exchange $$ with them, it is all based on the market. Your trading amount can vary. If one needs a higher trading limit, you can simply send an email requesting one.

As well if your trading a great amount of $$, ( think Royal bank said over 20,000) they can give a better exchange rate, than say you walked in and wanted to exchange 1000