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-   -   Canadian Dollar to Sterling...exchange (https://britishexpats.com/forum/maple-leaf-98/canadian-dollar-sterling-exchange-712639/)

budcolin Apr 8th 2011 12:34 pm

Canadian Dollar to Sterling...exchange
 
Has anyone exchanged $ for Pounds recently???
I'm thinking with the dollar being fairly strong, it's best to exchange in UK.

garvs11 Apr 8th 2011 1:29 pm

Re: Canadian Dollar to Sterling...exchange
 
Sign up with Canadian forex you get a fantaastic deal far better than you would in the uk

budcolin Apr 8th 2011 1:38 pm

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by garvs11 (Post 9294460)
Sign up with Canadian forex you get a fantaastic deal far better than you would in the uk

Should have said it's just a small amount, just spends for visiting:)

Novocastrian Apr 8th 2011 2:19 pm

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by budcolin (Post 9294469)
Should have said it's just a small amount, just spends for visiting:)

Then why start a thread about it?

budcolin Apr 8th 2011 11:08 pm

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by Novocastrian (Post 9294495)
Then why start a thread about it?

Emm, because i want to exchange Dollars for Pounds, and was looking for advice....as is the point of this forum

Bellanova Apr 9th 2011 12:08 am

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by budcolin (Post 9294904)
Emm, because i want to exchange Dollars for Pounds, and was looking for advice....as is the point of this forum

:thumbsup::thumbsup::thumbsup:

edmontron Apr 9th 2011 12:41 am

Re: Canadian Dollar to Sterling...exchange
 
time is money

magnumpi Apr 9th 2011 1:04 am

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by Novocastrian (Post 9294495)
Then why start a thread about it?

Ironic really.

From some one who started the most boring thread of 2011.

Novocastrian Apr 9th 2011 9:08 am

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by magnumpi (Post 9295012)
Ironic really.

From some one who started the most boring thread of 2011.

Err, I don't think so.

Novocastrian Apr 9th 2011 9:14 am

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by budcolin (Post 9294904)
Emm, because i want to exchange Dollars for Pounds, and was looking for advice....as is the point of this forum

I didn't mean to be rude, but there are dozens of similar threads already, most of which are started by people moving their life savings in one direction or the other. All sorts of advice is already available and there's no doubt that saving a tiny percentage of a huge sum is worth investigating.

However if we're talking about pocket change for a holiday? Not so much.

budcolin Apr 9th 2011 9:37 am

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by Novocastrian (Post 9295454)
I didn't mean to be rude, but there are dozens of similar threads already, most of which are started by people moving their life savings in one direction or the other. All sorts of advice is already available and there's no doubt that saving a tiny percentage of a huge sum is worth investigating.

However if we're talking about pocket change for a holiday? Not so much.

Sorry I bloody asked:eek::rofl::sneaky:
Agreed there's loads of threads regarding large money exchanges, but i couldn't find any with regards to my question.
Pocket change for a holiday indeed, but even with a quick calculation the difference can be about 50 Quid:sneaky: which can be a few extra fish suppers and lager shandies.......definitely not to be sniffed at:lol:

Novocastrian Apr 9th 2011 9:46 am

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by budcolin (Post 9295479)
Sorry I bloody asked:eek::rofl::sneaky:
Agreed there's loads of threads regarding large money exchanges, but i couldn't find any with regards to my question.
Pocket change for a holiday indeed, but even with a quick calculation the difference can be about 50 Quid:sneaky: which can be a few extra fish suppers and lager shandies.......definitely not to be sniffed at:lol:

Well of course when you put it like that. :)

My advice would be to simply charge everything you can while in the UK to your Canadian credit card. No doubt you'll need some cash too, so simply withdraw it from bank machines in the UK. In both instances you'll receive perfectly reasonable exchange rates, but here's the trick: don't take out a lot of small amounts since there's often a flat $5 fee per cash withdrawal transaction. So take out larger amounts less frequently.

I would add that the relative strength of the $ and the pound is completely beside the point.

budcolin Apr 9th 2011 11:56 pm

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by Novocastrian (Post 9295491)
Well of course when you put it like that. :)

My advice would be to simply charge everything you can while in the UK to your Canadian credit card. No doubt you'll need some cash too, so simply withdraw it from bank machines in the UK. In both instances you'll receive perfectly reasonable exchange rates, but here's the trick: don't take out a lot of small amounts since there's often a flat $5 fee per cash withdrawal transaction. So take out larger amounts less frequently.

I would add that the relative strength of the $ and the pound is completely beside the point.

Thanks for that, that's probably what we'll do.:thumbup:

sabsah Apr 10th 2011 3:24 am

Re: Canadian Dollar to Sterling...exchange
 
Also tell your bank before you go because my RBC can change your acct temporarily to avoid these expensive ATM charges. It cost me tons in ATM charges when I went to the US, which I could of avoided by calling them & paying a few dollars up front.

Novocastrian Apr 10th 2011 4:44 am

Re: Canadian Dollar to Sterling...exchange
 

Originally Posted by sabsah (Post 9296380)
Also tell your bank before you go because my RBC can change your acct temporarily to avoid these expensive ATM charges. It cost me tons in ATM charges when I went to the US, which I could of avoided by calling them & paying a few dollars up front.

That's good advice too. I also tell my bank (TD) to increase my daily max cash withdrawal to the highest allowed level before going away for extended periods.


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