Canadian or US dollars?
Feb 27th 2003, 2:32 pm
#16
Guest
Posts: n/a
Re: Canadian or US dollars?
I am well aware that I can change money at a bank. But which bank
changes without commission or having a buy/sell exchange rate
differential ?
Banks are there to make money, and the one of the ways that they do it
is when you exchange money.
Incidently for larger sums banks are rarely the best tfor an
individual to change money since their rates are normally worse than
currency exchange brokers
Whether the USD will take over from the CAD in the medium to long term
does not mean that over the next say 2 years that it will be a better
investment. Predicting the movement of currencies agaisnt each other
is not easy, but if you get it right you can make a fortune.
>First if you don't know a place where you can exchange USD without commission
>then you don't know what you are talking about. But I will tell you just the
>same so you will be educated, the Banks is where you exchange.
>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>Canadians thinks CND will dissapear into USD.
>The USD has already been imposed on five Latin American countries including
>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>China, and the whole of South East Asia has huge reserve of USD more thean any
>other currency.
>more to come.....if you want to continue about this.
changes without commission or having a buy/sell exchange rate
differential ?
Banks are there to make money, and the one of the ways that they do it
is when you exchange money.
Incidently for larger sums banks are rarely the best tfor an
individual to change money since their rates are normally worse than
currency exchange brokers
Whether the USD will take over from the CAD in the medium to long term
does not mean that over the next say 2 years that it will be a better
investment. Predicting the movement of currencies agaisnt each other
is not easy, but if you get it right you can make a fortune.
>First if you don't know a place where you can exchange USD without commission
>then you don't know what you are talking about. But I will tell you just the
>same so you will be educated, the Banks is where you exchange.
>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>Canadians thinks CND will dissapear into USD.
>The USD has already been imposed on five Latin American countries including
>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>China, and the whole of South East Asia has huge reserve of USD more thean any
>other currency.
>more to come.....if you want to continue about this.
Feb 27th 2003, 2:36 pm
#17
Guest
Posts: n/a
Re: Canadian or US dollars?
On 27 Feb 2003 19:15:28 -0800, [email protected] (splitman2000)
wrote:
>My main concern is really how to minimise exchange losses. USD seems a
>little weak at the moment, so i thought perhaps I should get USD first
>in the hope that it will strengthen again later which allows me to use
>it to buy CND at a more favourable rate. Of course, if the increase is
>insignificant, it's probably not enough to cover my exchange losses
>(twice - home currency to USD, USD to CND).
If you are buying US dollars now just to convert them later... you are
essentially making an investment decision. Currency markets can be
very difficult to predict.
But the main point is that you will have to pay a commission every
time you exchange. You are probably better off just finding a good
investment...
wrote:
>My main concern is really how to minimise exchange losses. USD seems a
>little weak at the moment, so i thought perhaps I should get USD first
>in the hope that it will strengthen again later which allows me to use
>it to buy CND at a more favourable rate. Of course, if the increase is
>insignificant, it's probably not enough to cover my exchange losses
>(twice - home currency to USD, USD to CND).
If you are buying US dollars now just to convert them later... you are
essentially making an investment decision. Currency markets can be
very difficult to predict.
But the main point is that you will have to pay a commission every
time you exchange. You are probably better off just finding a good
investment...
Feb 27th 2003, 2:37 pm
#18
Guest
Posts: n/a
Re: Canadian or US dollars?
Goto the bank, and exchange USD, so you will know that there are no commission,
that's all I can say. That way reality will let you know.
>Subject: Re: Canadian or US dollars?
>From: Richard [email protected]
>Date: 2/27/03 11:32 PM Atlantic Standard Time
>Message-id:
>I am well aware that I can change money at a bank. But which bank
>changes without commission or having a buy/sell exchange rate
>differential ?
>Banks are there to make money, and the one of the ways that they do it
>is when you exchange money.
>Incidently for larger sums banks are rarely the best tfor an
>individual to change money since their rates are normally worse than
>currency exchange brokers
>Whether the USD will take over from the CAD in the medium to long term
>does not mean that over the next say 2 years that it will be a better
>investment. Predicting the movement of currencies agaisnt each other
>is not easy, but if you get it right you can make a fortune.
>>First if you don't know a place where you can exchange USD without
>commission
>>then you don't know what you are talking about. But I will tell you just
>the
>>same so you will be educated, the Banks is where you exchange.
>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>Canadians thinks CND will dissapear into USD.
>>The USD has already been imposed on five Latin American countries including
>>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>>China, and the whole of South East Asia has huge reserve of USD more thean
>any
>>other currency.
>>more to come.....if you want to continue about this.
that's all I can say. That way reality will let you know.
>Subject: Re: Canadian or US dollars?
>From: Richard [email protected]
>Date: 2/27/03 11:32 PM Atlantic Standard Time
>Message-id:
>I am well aware that I can change money at a bank. But which bank
>changes without commission or having a buy/sell exchange rate
>differential ?
>Banks are there to make money, and the one of the ways that they do it
>is when you exchange money.
>Incidently for larger sums banks are rarely the best tfor an
>individual to change money since their rates are normally worse than
>currency exchange brokers
>Whether the USD will take over from the CAD in the medium to long term
>does not mean that over the next say 2 years that it will be a better
>investment. Predicting the movement of currencies agaisnt each other
>is not easy, but if you get it right you can make a fortune.
>>First if you don't know a place where you can exchange USD without
>commission
>>then you don't know what you are talking about. But I will tell you just
>the
>>same so you will be educated, the Banks is where you exchange.
>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>Canadians thinks CND will dissapear into USD.
>>The USD has already been imposed on five Latin American countries including
>>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>>China, and the whole of South East Asia has huge reserve of USD more thean
>any
>>other currency.
>>more to come.....if you want to continue about this.
Feb 27th 2003, 2:39 pm
#19
Guest
Posts: n/a
Re: Canadian or US dollars?
Idiot that's what you are Kevin...goto the bank and exchange USD so u will know
and no longer be an idiot. Goto to the bank and exchange USD so u will know
that there are no commission.
>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:31 PM Atlantic Standard Time
>Message-id:
>Aikido you really win the idiot award this time.
>EVERY bank charges a comission when converting from USD to Cdn and
>vise versa. It is generally in the range of 1-2%. It is better then
>the rate given by VISA but worse then that given by an excahnge house.
>Wow. That was worth a good laugh.
>On 28 Feb 2003 03:24:35 GMT, [email protected] (Aikido251) wrote:
>>First if you don't know a place where you can exchange USD without
>commission
>>then you don't know what you are talking about. But I will tell you just
>the
>>same so you will be educated, the Banks is where you exchange.
>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>Canadians thinks CND will dissapear into USD.
>>The USD has already been imposed on five Latin American countries including
>>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>>China, and the whole of South East Asia has huge reserve of USD more thean
>any
>>other currency.
>>more to come.....if you want to continue about this.
>>>Subject: Re: Canadian or US dollars?
>>>From: Richard [email protected]
>>>Date: 2/27/03 11:10 PM Atlantic Standard Time
>>>Message-id:
>>>Where is this place that you change money and don't pay any fees
>>>either in commission or exchange rate.
>>>By fees I mean that if you change say $100 US into Canadian and then
>>>immediately back into US (or vice versa) you end up with $100 US.
>>>We would all like to use that place !!
>>>In the past 10 years the US currency has been strong but it has
>>>started to fall recently against both the Canadian Dollar and Euro.
>>>What will happen in the future is anyones guess.
>>>Richard
>>>>Nope you get the prevailing exchange rate. USD is the best currency to
>>>invest
>>>>>Subject: Re: Canadian or US dollars?
>>>>>From: sysclp [email protected]
>>>>>Date: 2/27/03 6:04 PM Atlantic Standard Time
>>>>>Message-id:
>>>>>Originally posted by Aikido251
>>>>>> You;re idiot Kafir...banks don't charge currency conversion. USD is
>>>>>> the best
>>>>>> investment...
>>>>>>
>>>>>They don't literally charge a fee, but they don't give you the exact
>>>>>exchange rate either, they give you slightly lower to pay for their
>>>>>trouble. The exchange rate on 2/21 was 1.509 but when I deposited a US
>>>>>check that day I only got 1.482 at TD Bank. Not a huge difference, but
>>>>>it would sure add up if you had $10K or more in settlement funds.
>>>>>--
>>>>>Posted via http://britishexpats.com
and no longer be an idiot. Goto to the bank and exchange USD so u will know
that there are no commission.
>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:31 PM Atlantic Standard Time
>Message-id:
>Aikido you really win the idiot award this time.
>EVERY bank charges a comission when converting from USD to Cdn and
>vise versa. It is generally in the range of 1-2%. It is better then
>the rate given by VISA but worse then that given by an excahnge house.
>Wow. That was worth a good laugh.
>On 28 Feb 2003 03:24:35 GMT, [email protected] (Aikido251) wrote:
>>First if you don't know a place where you can exchange USD without
>commission
>>then you don't know what you are talking about. But I will tell you just
>the
>>same so you will be educated, the Banks is where you exchange.
>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>Canadians thinks CND will dissapear into USD.
>>The USD has already been imposed on five Latin American countries including
>>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>>China, and the whole of South East Asia has huge reserve of USD more thean
>any
>>other currency.
>>more to come.....if you want to continue about this.
>>>Subject: Re: Canadian or US dollars?
>>>From: Richard [email protected]
>>>Date: 2/27/03 11:10 PM Atlantic Standard Time
>>>Message-id:
>>>Where is this place that you change money and don't pay any fees
>>>either in commission or exchange rate.
>>>By fees I mean that if you change say $100 US into Canadian and then
>>>immediately back into US (or vice versa) you end up with $100 US.
>>>We would all like to use that place !!
>>>In the past 10 years the US currency has been strong but it has
>>>started to fall recently against both the Canadian Dollar and Euro.
>>>What will happen in the future is anyones guess.
>>>Richard
>>>>Nope you get the prevailing exchange rate. USD is the best currency to
>>>invest
>>>>>Subject: Re: Canadian or US dollars?
>>>>>From: sysclp [email protected]
>>>>>Date: 2/27/03 6:04 PM Atlantic Standard Time
>>>>>Message-id:
>>>>>Originally posted by Aikido251
>>>>>> You;re idiot Kafir...banks don't charge currency conversion. USD is
>>>>>> the best
>>>>>> investment...
>>>>>>
>>>>>They don't literally charge a fee, but they don't give you the exact
>>>>>exchange rate either, they give you slightly lower to pay for their
>>>>>trouble. The exchange rate on 2/21 was 1.509 but when I deposited a US
>>>>>check that day I only got 1.482 at TD Bank. Not a huge difference, but
>>>>>it would sure add up if you had $10K or more in settlement funds.
>>>>>--
>>>>>Posted via http://britishexpats.com
Feb 27th 2003, 2:41 pm
#20
Guest
Posts: n/a
Re: Canadian or US dollars?
lol
Good one.
Try it tomorrow Aikido. And then try to buy back the same amount of
USD you started with. Do you honestly believe that the buy and sell
rates for USD are the same???
wow
On 28 Feb 2003 03:37:12 GMT, [email protected] (Aikido251) wrote:
>Goto the bank, and exchange USD, so you will know that there are no commission,
>that's all I can say. That way reality will let you know.
>>Subject: Re: Canadian or US dollars?
>>From: Richard [email protected]
>>Date: 2/27/03 11:32 PM Atlantic Standard Time
>>Message-id:
>>I am well aware that I can change money at a bank. But which bank
>>changes without commission or having a buy/sell exchange rate
>>differential ?
>>Banks are there to make money, and the one of the ways that they do it
>>is when you exchange money.
>>Incidently for larger sums banks are rarely the best tfor an
>>individual to change money since their rates are normally worse than
>>currency exchange brokers
>>Whether the USD will take over from the CAD in the medium to long term
>>does not mean that over the next say 2 years that it will be a better
>>investment. Predicting the movement of currencies agaisnt each other
>>is not easy, but if you get it right you can make a fortune.
>>>First if you don't know a place where you can exchange USD without
>>commission
>>>then you don't know what you are talking about. But I will tell you just
>>the
>>>same so you will be educated, the Banks is where you exchange.
>>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>>Canadians thinks CND will dissapear into USD.
>>>The USD has already been imposed on five Latin American countries including
>>>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>>>China, and the whole of South East Asia has huge reserve of USD more thean
>>any
>>>other currency.
>>>more to come.....if you want to continue about this.
Good one.
Try it tomorrow Aikido. And then try to buy back the same amount of
USD you started with. Do you honestly believe that the buy and sell
rates for USD are the same???
wow
On 28 Feb 2003 03:37:12 GMT, [email protected] (Aikido251) wrote:
>Goto the bank, and exchange USD, so you will know that there are no commission,
>that's all I can say. That way reality will let you know.
>>Subject: Re: Canadian or US dollars?
>>From: Richard [email protected]
>>Date: 2/27/03 11:32 PM Atlantic Standard Time
>>Message-id:
>>I am well aware that I can change money at a bank. But which bank
>>changes without commission or having a buy/sell exchange rate
>>differential ?
>>Banks are there to make money, and the one of the ways that they do it
>>is when you exchange money.
>>Incidently for larger sums banks are rarely the best tfor an
>>individual to change money since their rates are normally worse than
>>currency exchange brokers
>>Whether the USD will take over from the CAD in the medium to long term
>>does not mean that over the next say 2 years that it will be a better
>>investment. Predicting the movement of currencies agaisnt each other
>>is not easy, but if you get it right you can make a fortune.
>>>First if you don't know a place where you can exchange USD without
>>commission
>>>then you don't know what you are talking about. But I will tell you just
>>the
>>>same so you will be educated, the Banks is where you exchange.
>>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>>Canadians thinks CND will dissapear into USD.
>>>The USD has already been imposed on five Latin American countries including
>>>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>>>China, and the whole of South East Asia has huge reserve of USD more thean
>>any
>>>other currency.
>>>more to come.....if you want to continue about this.
Feb 27th 2003, 2:45 pm
#21
Guest
Posts: n/a
Re: Canadian or US dollars?
Thank you for proving my point. Everyone knows that banks make money
on every conversion.
Since you are never able to back up ANY of your 'facts'... I'd like to
see you prove me wrong with some proof
And check out Royal Banks' conversion rates for TODAY.
http://www.rbcroyalbank.com/rates/cashrates.html
On 28 Feb 2003 03:39:13 GMT, [email protected] (Aikido251) wrote:
>Idiot that's what you are Kevin...goto the bank and exchange USD so u will know
>and no longer be an idiot. Goto to the bank and exchange USD so u will know
>that there are no commission.
>>Subject: Re: Canadian or US dollars?
>>From: Kevin Goertz [email protected]
>>Date: 2/27/03 11:31 PM Atlantic Standard Time
>>Message-id:
>>Aikido you really win the idiot award this time.
>>EVERY bank charges a comission when converting from USD to Cdn and
>>vise versa. It is generally in the range of 1-2%. It is better then
>>the rate given by VISA but worse then that given by an excahnge house.
>>Wow. That was worth a good laugh.
>>On 28 Feb 2003 03:24:35 GMT, [email protected] (Aikido251) wrote:
>>>First if you don't know a place where you can exchange USD without
>>commission
>>>then you don't know what you are talking about. But I will tell you just
>>the
>>>same so you will be educated, the Banks is where you exchange.
>>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>>Canadians thinks CND will dissapear into USD.
on every conversion.
Since you are never able to back up ANY of your 'facts'... I'd like to
see you prove me wrong with some proof
And check out Royal Banks' conversion rates for TODAY.
http://www.rbcroyalbank.com/rates/cashrates.html
On 28 Feb 2003 03:39:13 GMT, [email protected] (Aikido251) wrote:
>Idiot that's what you are Kevin...goto the bank and exchange USD so u will know
>and no longer be an idiot. Goto to the bank and exchange USD so u will know
>that there are no commission.
>>Subject: Re: Canadian or US dollars?
>>From: Kevin Goertz [email protected]
>>Date: 2/27/03 11:31 PM Atlantic Standard Time
>>Message-id:
>>Aikido you really win the idiot award this time.
>>EVERY bank charges a comission when converting from USD to Cdn and
>>vise versa. It is generally in the range of 1-2%. It is better then
>>the rate given by VISA but worse then that given by an excahnge house.
>>Wow. That was worth a good laugh.
>>On 28 Feb 2003 03:24:35 GMT, [email protected] (Aikido251) wrote:
>>>First if you don't know a place where you can exchange USD without
>>commission
>>>then you don't know what you are talking about. But I will tell you just
>>the
>>>same so you will be educated, the Banks is where you exchange.
>>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>>Canadians thinks CND will dissapear into USD.
Feb 27th 2003, 2:52 pm
#22
Guest
Posts: n/a
Re: Canadian or US dollars?
Kevin, of course we really are idiots for bothering to argue with him.
Some people are just too stupid too bother with
Some people are just too stupid too bother with
Feb 27th 2003, 2:55 pm
#23
Guest
Posts: n/a
Re: Canadian or US dollars?
I know. And we are probably just giving him/her attention.... but
sometimes its fun to point out how obviously wrong Aikido is.
My other concern is that new people to the newsgroup actually believe
what he/she is saying.
But I will give up :-)
On Fri, 28 Feb 2003 03:52:35 GMT, Richard
wrote:
>Kevin, of course we really are idiots for bothering to argue with him.
>Some people are just too stupid too bother with
sometimes its fun to point out how obviously wrong Aikido is.
My other concern is that new people to the newsgroup actually believe
what he/she is saying.
But I will give up :-)
On Fri, 28 Feb 2003 03:52:35 GMT, Richard
wrote:
>Kevin, of course we really are idiots for bothering to argue with him.
>Some people are just too stupid too bother with
Feb 27th 2003, 2:57 pm
#24
Guest
Posts: n/a
Re: Canadian or US dollars?
Kevin Goertz wrote:
>
> On 27 Feb 2003 19:15:28 -0800, [email protected] (splitman2000)
> wrote:
>
> >My main concern is really how to minimise exchange losses. USD seems a
> >little weak at the moment, so i thought perhaps I should get USD first
> >in the hope that it will strengthen again later which allows me to use
> >it to buy CND at a more favourable rate. Of course, if the increase is
> >insignificant, it's probably not enough to cover my exchange losses
> >(twice - home currency to USD, USD to CND).
>
> If you are buying US dollars now just to convert them later... you are
> essentially making an investment decision. Currency markets can be
> very difficult to predict.
> But the main point is that you will have to pay a commission every
> time you exchange. You are probably better off just finding a good
> investment...
Abaolutely ... I watched $3,000 disappear one night because a house sale
wasn't completed as predicted back in 1981. The pound vs dollar had
been quite steady, then whammy, some bad news and it didn't recover.
For all you try to minimize exchange losses, you'll find that it's a
sometimes you win and sometimes you lose. Take the last couple days,
the CDN $ has been gaining ground on the US $, so if you'd bought your
US $ a couple days ago, brought the cheque to Canada and deposited it
today you'd have lost a couple percent. Will it stay like that? No-one
can even guess, largely because of idiot remarks made by politicians.
At the moment, due to the international increase in the price of oil,
Canada's oil resource economy looks better, so the looney goes up. Also
Canada talks of increasing interest rates (foolish idea but there we go)
and that will push up the $.
You just have to bite the bullet and take what you get. And you
CERTAINLY don't want to do two exchanges because in spite of what Aikido
might say to the contrary, you absolutely lose 1-2% every time you
change money.
Stuart
>
> On 27 Feb 2003 19:15:28 -0800, [email protected] (splitman2000)
> wrote:
>
> >My main concern is really how to minimise exchange losses. USD seems a
> >little weak at the moment, so i thought perhaps I should get USD first
> >in the hope that it will strengthen again later which allows me to use
> >it to buy CND at a more favourable rate. Of course, if the increase is
> >insignificant, it's probably not enough to cover my exchange losses
> >(twice - home currency to USD, USD to CND).
>
> If you are buying US dollars now just to convert them later... you are
> essentially making an investment decision. Currency markets can be
> very difficult to predict.
> But the main point is that you will have to pay a commission every
> time you exchange. You are probably better off just finding a good
> investment...
Abaolutely ... I watched $3,000 disappear one night because a house sale
wasn't completed as predicted back in 1981. The pound vs dollar had
been quite steady, then whammy, some bad news and it didn't recover.
For all you try to minimize exchange losses, you'll find that it's a
sometimes you win and sometimes you lose. Take the last couple days,
the CDN $ has been gaining ground on the US $, so if you'd bought your
US $ a couple days ago, brought the cheque to Canada and deposited it
today you'd have lost a couple percent. Will it stay like that? No-one
can even guess, largely because of idiot remarks made by politicians.
At the moment, due to the international increase in the price of oil,
Canada's oil resource economy looks better, so the looney goes up. Also
Canada talks of increasing interest rates (foolish idea but there we go)
and that will push up the $.
You just have to bite the bullet and take what you get. And you
CERTAINLY don't want to do two exchanges because in spite of what Aikido
might say to the contrary, you absolutely lose 1-2% every time you
change money.
Stuart
Feb 27th 2003, 2:58 pm
#25
Guest
Posts: n/a
Re: Canadian or US dollars?
Goto the bank...so u will know.
>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:45 PM Atlantic Standard Time
>Message-id:
>Thank you for proving my point. Everyone knows that banks make money
>on every conversion.
>Since you are never able to back up ANY of your 'facts'... I'd like to
>see you prove me wrong with some proof
>And check out Royal Banks' conversion rates for TODAY.
>http://www.rbcroyalbank.com/rates/cashrates.html
>On 28 Feb 2003 03:39:13 GMT, [email protected] (Aikido251) wrote:
>>Idiot that's what you are Kevin...goto the bank and exchange USD so u will
>know
>>and no longer be an idiot. Goto to the bank and exchange USD so u will
>know
>>that there are no commission.
>>>Subject: Re: Canadian or US dollars?
>>>From: Kevin Goertz [email protected]
>>>Date: 2/27/03 11:31 PM Atlantic Standard Time
>>>Message-id:
>>>Aikido you really win the idiot award this time.
>>>EVERY bank charges a comission when converting from USD to Cdn and
>>>vise versa. It is generally in the range of 1-2%. It is better then
>>>the rate given by VISA but worse then that given by an excahnge house.
>>>Wow. That was worth a good laugh.
>>>On 28 Feb 2003 03:24:35 GMT, [email protected] (Aikido251) wrote:
>>>>First if you don't know a place where you can exchange USD without
>>>commission
>>>>then you don't know what you are talking about. But I will tell you just
>>>the
>>>>same so you will be educated, the Banks is where you exchange.
>>>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>>>Canadians thinks CND will dissapear into USD.
>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:45 PM Atlantic Standard Time
>Message-id:
>Thank you for proving my point. Everyone knows that banks make money
>on every conversion.
>Since you are never able to back up ANY of your 'facts'... I'd like to
>see you prove me wrong with some proof
>And check out Royal Banks' conversion rates for TODAY.
>http://www.rbcroyalbank.com/rates/cashrates.html
>On 28 Feb 2003 03:39:13 GMT, [email protected] (Aikido251) wrote:
>>Idiot that's what you are Kevin...goto the bank and exchange USD so u will
>know
>>and no longer be an idiot. Goto to the bank and exchange USD so u will
>know
>>that there are no commission.
>>>Subject: Re: Canadian or US dollars?
>>>From: Kevin Goertz [email protected]
>>>Date: 2/27/03 11:31 PM Atlantic Standard Time
>>>Message-id:
>>>Aikido you really win the idiot award this time.
>>>EVERY bank charges a comission when converting from USD to Cdn and
>>>vise versa. It is generally in the range of 1-2%. It is better then
>>>the rate given by VISA but worse then that given by an excahnge house.
>>>Wow. That was worth a good laugh.
>>>On 28 Feb 2003 03:24:35 GMT, [email protected] (Aikido251) wrote:
>>>>First if you don't know a place where you can exchange USD without
>>>commission
>>>>then you don't know what you are talking about. But I will tell you just
>>>the
>>>>same so you will be educated, the Banks is where you exchange.
>>>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>>>Canadians thinks CND will dissapear into USD.
Feb 27th 2003, 3:01 pm
#26
Guest
Posts: n/a
Re: Canadian or US dollars?
LOL...You are trying to change topic, ofcourse they don;t buy and sell at same
rate....but there are NO commissions.
Usual strategy of changing the topic never works, pillow tester stuart tried
that before...lol
>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:41 PM Atlantic Standard Time
>Message-id:
>lol
>Good one.
>Try it tomorrow Aikido. And then try to buy back the same amount of
>USD you started with. Do you honestly believe that the buy and sell
>rates for USD are the same???
>wow
>On 28 Feb 2003 03:37:12 GMT, [email protected] (Aikido251) wrote:
>>Goto the bank, and exchange USD, so you will know that there are no
>commission,
>>that's all I can say. That way reality will let you know.
>>>Subject: Re: Canadian or US dollars?
>>>From: Richard [email protected]
>>>Date: 2/27/03 11:32 PM Atlantic Standard Time
>>>Message-id:
>>>I am well aware that I can change money at a bank. But which bank
>>>changes without commission or having a buy/sell exchange rate
>>>differential ?
>>>Banks are there to make money, and the one of the ways that they do it
>>>is when you exchange money.
>>>Incidently for larger sums banks are rarely the best tfor an
>>>individual to change money since their rates are normally worse than
>>>currency exchange brokers
>>>Whether the USD will take over from the CAD in the medium to long term
>>>does not mean that over the next say 2 years that it will be a better
>>>investment. Predicting the movement of currencies agaisnt each other
>>>is not easy, but if you get it right you can make a fortune.
>>>>First if you don't know a place where you can exchange USD without
>>>commission
>>>>then you don't know what you are talking about. But I will tell you just
>>>the
>>>>same so you will be educated, the Banks is where you exchange.
>>>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>>>Canadians thinks CND will dissapear into USD.
>>>>The USD has already been imposed on five Latin American countries
>including
>>>>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>>>>China, and the whole of South East Asia has huge reserve of USD more thean
>>>any
>>>>other currency.
>>>>more to come.....if you want to continue about this.
rate....but there are NO commissions.
Usual strategy of changing the topic never works, pillow tester stuart tried
that before...lol
>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:41 PM Atlantic Standard Time
>Message-id:
>lol
>Good one.
>Try it tomorrow Aikido. And then try to buy back the same amount of
>USD you started with. Do you honestly believe that the buy and sell
>rates for USD are the same???
>wow
>On 28 Feb 2003 03:37:12 GMT, [email protected] (Aikido251) wrote:
>>Goto the bank, and exchange USD, so you will know that there are no
>commission,
>>that's all I can say. That way reality will let you know.
>>>Subject: Re: Canadian or US dollars?
>>>From: Richard [email protected]
>>>Date: 2/27/03 11:32 PM Atlantic Standard Time
>>>Message-id:
>>>I am well aware that I can change money at a bank. But which bank
>>>changes without commission or having a buy/sell exchange rate
>>>differential ?
>>>Banks are there to make money, and the one of the ways that they do it
>>>is when you exchange money.
>>>Incidently for larger sums banks are rarely the best tfor an
>>>individual to change money since their rates are normally worse than
>>>currency exchange brokers
>>>Whether the USD will take over from the CAD in the medium to long term
>>>does not mean that over the next say 2 years that it will be a better
>>>investment. Predicting the movement of currencies agaisnt each other
>>>is not easy, but if you get it right you can make a fortune.
>>>>First if you don't know a place where you can exchange USD without
>>>commission
>>>>then you don't know what you are talking about. But I will tell you just
>>>the
>>>>same so you will be educated, the Banks is where you exchange.
>>>>As for the strength of USD, a poll by www.investorcanada.com says 69% of
>>>>Canadians thinks CND will dissapear into USD.
>>>>The USD has already been imposed on five Latin American countries
>including
>>>>Ecuador, Argentina, Panama, El Salvador and Guatemala.
>>>>China, and the whole of South East Asia has huge reserve of USD more thean
>>>any
>>>>other currency.
>>>>more to come.....if you want to continue about this.
Feb 27th 2003, 3:02 pm
#27
Guest
Posts: n/a
Re: Canadian or US dollars?
No there are no commissions.
\>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:36 PM Atlantic Standard Time
>Message-id:
>On 27 Feb 2003 19:15:28 -0800, [email protected] (splitman2000)
>wrote:
>>My main concern is really how to minimise exchange losses. USD seems a
>>little weak at the moment, so i thought perhaps I should get USD first
>>in the hope that it will strengthen again later which allows me to use
>>it to buy CND at a more favourable rate. Of course, if the increase is
>>insignificant, it's probably not enough to cover my exchange losses
>>(twice - home currency to USD, USD to CND).
>If you are buying US dollars now just to convert them later... you are
>essentially making an investment decision. Currency markets can be
>very difficult to predict.
>But the main point is that you will have to pay a commission every
>time you exchange. You are probably better off just finding a good
>investment...
\>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:36 PM Atlantic Standard Time
>Message-id:
>On 27 Feb 2003 19:15:28 -0800, [email protected] (splitman2000)
>wrote:
>>My main concern is really how to minimise exchange losses. USD seems a
>>little weak at the moment, so i thought perhaps I should get USD first
>>in the hope that it will strengthen again later which allows me to use
>>it to buy CND at a more favourable rate. Of course, if the increase is
>>insignificant, it's probably not enough to cover my exchange losses
>>(twice - home currency to USD, USD to CND).
>If you are buying US dollars now just to convert them later... you are
>essentially making an investment decision. Currency markets can be
>very difficult to predict.
>But the main point is that you will have to pay a commission every
>time you exchange. You are probably better off just finding a good
>investment...
Feb 27th 2003, 3:04 pm
#28
Guest
Posts: n/a
Re: Canadian or US dollars?
Like I said unlike you I don't pretend...I point people to reality, like
actually going to the bank, or calling CIC, talking to their friends in Canada
(who will never mislead them).....stop misleading people Kevin...
>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:55 PM Atlantic Standard Time
>Message-id:
>I know. And we are probably just giving him/her attention.... but
>sometimes its fun to point out how obviously wrong Aikido is.
>My other concern is that new people to the newsgroup actually believe
>what he/she is saying.
>But I will give up :-)
>On Fri, 28 Feb 2003 03:52:35 GMT, Richard
>wrote:
>>Kevin, of course we really are idiots for bothering to argue with him.
>>Some people are just too stupid too bother with
actually going to the bank, or calling CIC, talking to their friends in Canada
(who will never mislead them).....stop misleading people Kevin...
>Subject: Re: Canadian or US dollars?
>From: Kevin Goertz [email protected]
>Date: 2/27/03 11:55 PM Atlantic Standard Time
>Message-id:
>I know. And we are probably just giving him/her attention.... but
>sometimes its fun to point out how obviously wrong Aikido is.
>My other concern is that new people to the newsgroup actually believe
>what he/she is saying.
>But I will give up :-)
>On Fri, 28 Feb 2003 03:52:35 GMT, Richard
>wrote:
>>Kevin, of course we really are idiots for bothering to argue with him.
>>Some people are just too stupid too bother with
Feb 27th 2003, 3:05 pm
#29
Guest
Posts: n/a
Re: Canadian or US dollars?
No you will not lose money by exchangin USD to CND, talk to your bank
officer..not to Stuart or Kevin....
>Subject: Re: Canadian or US dollars?
>From: Stuart Brook [email protected]
>Date: 2/27/03 11:57 PM Atlantic Standard Time
>Message-id:
>Kevin Goertz wrote:
>>
>> On 27 Feb 2003 19:15:28 -0800, [email protected] (splitman2000)
>> wrote:
>>
>> >My main concern is really how to minimise exchange losses. USD seems a
>> >little weak at the moment, so i thought perhaps I should get USD first
>> >in the hope that it will strengthen again later which allows me to use
>> >it to buy CND at a more favourable rate. Of course, if the increase is
>> >insignificant, it's probably not enough to cover my exchange losses
>> >(twice - home currency to USD, USD to CND).
>>
>> If you are buying US dollars now just to convert them later... you are
>> essentially making an investment decision. Currency markets can be
>> very difficult to predict.
>> But the main point is that you will have to pay a commission every
>> time you exchange. You are probably better off just finding a good
>> investment...
>Abaolutely ... I watched $3,000 disappear one night because a house sale
>wasn't completed as predicted back in 1981. The pound vs dollar had
>been quite steady, then whammy, some bad news and it didn't recover.
>For all you try to minimize exchange losses, you'll find that it's a
>sometimes you win and sometimes you lose. Take the last couple days,
>the CDN $ has been gaining ground on the US $, so if you'd bought your
>US $ a couple days ago, brought the cheque to Canada and deposited it
>today you'd have lost a couple percent. Will it stay like that? No-one
>can even guess, largely because of idiot remarks made by politicians.
>At the moment, due to the international increase in the price of oil,
>Canada's oil resource economy looks better, so the looney goes up. Also
>Canada talks of increasing interest rates (foolish idea but there we go)
>and that will push up the $.
>You just have to bite the bullet and take what you get. And you
>CERTAINLY don't want to do two exchanges because in spite of what Aikido
>might say to the contrary, you absolutely lose 1-2% every time you
>change money.
>Stuart
officer..not to Stuart or Kevin....
>Subject: Re: Canadian or US dollars?
>From: Stuart Brook [email protected]
>Date: 2/27/03 11:57 PM Atlantic Standard Time
>Message-id:
>Kevin Goertz wrote:
>>
>> On 27 Feb 2003 19:15:28 -0800, [email protected] (splitman2000)
>> wrote:
>>
>> >My main concern is really how to minimise exchange losses. USD seems a
>> >little weak at the moment, so i thought perhaps I should get USD first
>> >in the hope that it will strengthen again later which allows me to use
>> >it to buy CND at a more favourable rate. Of course, if the increase is
>> >insignificant, it's probably not enough to cover my exchange losses
>> >(twice - home currency to USD, USD to CND).
>>
>> If you are buying US dollars now just to convert them later... you are
>> essentially making an investment decision. Currency markets can be
>> very difficult to predict.
>> But the main point is that you will have to pay a commission every
>> time you exchange. You are probably better off just finding a good
>> investment...
>Abaolutely ... I watched $3,000 disappear one night because a house sale
>wasn't completed as predicted back in 1981. The pound vs dollar had
>been quite steady, then whammy, some bad news and it didn't recover.
>For all you try to minimize exchange losses, you'll find that it's a
>sometimes you win and sometimes you lose. Take the last couple days,
>the CDN $ has been gaining ground on the US $, so if you'd bought your
>US $ a couple days ago, brought the cheque to Canada and deposited it
>today you'd have lost a couple percent. Will it stay like that? No-one
>can even guess, largely because of idiot remarks made by politicians.
>At the moment, due to the international increase in the price of oil,
>Canada's oil resource economy looks better, so the looney goes up. Also
>Canada talks of increasing interest rates (foolish idea but there we go)
>and that will push up the $.
>You just have to bite the bullet and take what you get. And you
>CERTAINLY don't want to do two exchanges because in spite of what Aikido
>might say to the contrary, you absolutely lose 1-2% every time you
>change money.
>Stuart
Feb 27th 2003, 3:48 pm
#30
Guest
Posts: n/a
Re: Canadian or US dollars?
"Aikido251" wrote in message
news:[email protected]...
> No there are no commissions.
Bureaux de change and banks make money off currency exchanges. Take the
example of a previous poster in this thread. Go to a bank or bureau de
change with 100.00 CAN. Change it into USD. Then change it back to $CAN.
Count the money in your hand. I DARE YOU!!!!!!!!!
****ing retarded numbskull. You know nothing.
news:[email protected]...
> No there are no commissions.
Bureaux de change and banks make money off currency exchanges. Take the
example of a previous poster in this thread. Go to a bank or bureau de
change with 100.00 CAN. Change it into USD. Then change it back to $CAN.
Count the money in your hand. I DARE YOU!!!!!!!!!
****ing retarded numbskull. You know nothing.
