Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this3:16 pm
does any one know where u can the best rate when exchanging between canadian and us dollars. the difference between buy and sell rates
12:09 am
I've used Calforex and ING (just transfer from CAD to US savings account) in the past and thought their spreads were pretty decent.
10:57 am
You can check the ING rates here: http://www.ingdirect.ca/en/sav.....index.html
Calforex doesn't post their rates online, you will have to check a retail location: http://www.calforex.com/en/retail
5:39 pm
What I always do when I need US dollars is simply post to our company's Staff Association electronic buy 'n' sell bulletin board. I say I need $20 US cash in return for $20 Canadian cash, and within half a day there's usually several responses. I walk over to their desk, and Voila! Then there's no fees whatsoever. 🙂 Of course, if you need more than pocket money, this method is unsuitable.
6:45 pm
December 12, 2009
Offline
Neat idea, Prag. Of course, when the CAD dollar is stronger than the U.S. dollar, the buyer is getting screwed (albeit marginally, mere pennies on the dollar). 😉
As for your comment about pocket change, some people have different opinions on what pocket change is. There are a surprising number of people that like to walk around with at least $1000 in their wallet at all times. 😛
Cheers,
Doug
4:23 pm
has anyone heard or dealed with knightbridge foreign exchange company?
5:55 pm
First time I've heard of them. Quick search shows the following:
Their website hasn't been up for very long so I suspect they are fairly new to the game:
Domain Name: KNIGHTSBRIDGEFX.COM
Registrar: GODADDY.COM, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com:
What are the smallest and largest transactions your firm handles?
Minimum of $15,000 and maximum of $40 million. Anything larger or smaller is on a case by case basis.
If you are looking to exchange that amount then it's probably worth getting them to quote you a rate for the amount you want to exchange and compare the buy/banking-scam-email rates you get back against others. Of course the rate is a moving target but at least you can get an idea of the spread.
10:56 am
As for your comment about pocket change, some people have different opinions on what pocket change is. There are a surprising number of people that like to walk around with at least $1000 in their wallet at all times. 😛
LOL! Yeah, everything's relative. When I head to the USA to visit friends for an entire weekend I usually only bring a twenty dollar US bill - and that's just to cover the toll road & border crossing tolls - and if I need to stop at McDonald's to eat in an emergency. 🙂 For me, pocket change is generally $60 tops.
I try to put everything on my Smart Cash credit card if I need to purchase things, or just try not to spend in the first place. Buying gas in the Native American reserves in the USA is helpful (such as the one on the West end of New York State heading down I-90/Hwy 20/Hwy 5 to Pennsylvania), as there's no state tax, on top of the fact US gas is significantly cheaper than Canadian gas to begin with.
9:32 pm
December 12, 2009
Offline
Yeah, I'd say for me, it depends on the occasion. For day-to-day spending, I like to always have $40 cash on me. If I was to go on a trip, I'd want to carry $100-200 at the most and my credit card for most other things.
Cheers,
Doug
3:24 pm
I wanted to know if they are a good fx company to deal with. I just do not know
Please write your comments in the forum.