Hello from Missouri - Escape Trailer Owners Community

Go Back   Escape Trailer Owners Community > Escape Community > New Member Introductions
Click Here to Login
Reply
 
Thread Tools Display Modes
 
Old 08-14-2017, 07:23 AM   #1
Junior Member
 
Join Date: Jun 2017
Location: Sainte Genevieve, Missouri
Trailer: 2008 Aliner
Posts: 6
Hello from Missouri

Hi, My name is Ray and I am new to this forum. We are in the market for a 19' or 21' foot Escape. Can anyone give me some advice on how to use the exchange rate
US to CAN dollar to my advantage. How to lock in a price when the rate is good ? etc.

Thank You
__________________

RSBJR is offline   Reply With Quote
Old 08-14-2017, 07:52 AM   #2
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,118
Once you send the money to Escape, they give you a receipt in Canadian dollars and it is locked in. Changes after that have no impact. So when it is favorable, send more money, when it is not, then you have more decisions to make. Over 6 years and 3 Escape purchases, I have experienced anywhere from $1cn =$.73us to $1cn=.$96us. If we could predict the future we all would be rich. Here is a historical presentation https://ycharts.com/indicators/canad..._exchange_rate
__________________

__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 08-14-2017, 08:17 AM   #3
Junior Member
 
Join Date: Jun 2017
Location: Sainte Genevieve, Missouri
Trailer: 2008 Aliner
Posts: 6
Quote:
Originally Posted by cpaharley2008 View Post
Once you send the money to Escape, they give you a receipt in Canadian dollars and it is locked in. Changes after that have no impact. So when it is favorable, send more money, when it is not, then you have more decisions to make. Over 6 years and 3 Escape purchases, I have experienced anywhere from $1cn =$.73us to $1cn=.$96us. If we could predict the future we all would be rich. Here is a historical presentation https://ycharts.com/indicators/canad..._exchange_rate
Thank You Very Much
I'm not in a big hurry. I think I will try to wait untill it gets around the .73 us - 1.00 cn ratio. If it does. ?
RSBJR is offline   Reply With Quote
Old 08-14-2017, 09:30 AM   #4
Site Team
 
Donna D.'s Avatar
 
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 8,427
Quote:
Originally Posted by RSBJR View Post
Thank You Very Much
I'm not in a big hurry. I think I will try to wait untill it gets around the .73 us - 1.00 cn ratio. If it does. ?
It already did and now the exchange rate is bouncing between .79 and .80 us - 1.00 cn. Whether it goes down or goes up is a crap shoot.
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
Donna D. is online now   Reply With Quote
Old 08-14-2017, 09:33 AM   #5
Senior Member
 
Join Date: May 2017
Location: Colorado, Colorado
Trailer: Escape 21 - Nov 2017 "Harvey"
Posts: 149
Hello from Missouri

I just sent ETI some money two weeks ago for my trailer. A word of warning: I used my bank, Wells Fargo. I sent it as Canadian dollars. So, Wells did the conversion on "my end". The conversion rate that day was 0.80. However, Wells Fargo also charges a percentage, which is NOT disclosed. It is not shown as a fee either. It is just added to the conversion rate. So, my effective rate to ETI was like 0.82. Bummer. You might consider asking ETI what the conversion is on their end. ETI probably doesn't know directly, so have to ask ETI's bank directly, which is Vancity Community Bank. So, send it as USD, let ETI's bank convert it Canadian dollars, to avoid the extra "fee" that your bank likely also charges. And, by the way, the rate improved last week to 0.79, so I should have waited. If we could only predict the future. It was 0.75 a few months ago.
jking1224 is offline   Reply With Quote
Old 08-14-2017, 09:38 AM   #6
Site Team
 
Donna D.'s Avatar
 
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 8,427
Quote:
Originally Posted by jking1224 View Post
You might consider asking ETI what the conversion is on their end. So, send it as USD, let ETI's bank convert it Canadian dollars, to avoid the extra "fee" that your bank likely also charges.
You can certainly ask, but the rate will be based on the hour/day the dollars are received... not when you called and asked. When I was sitting with Tammy, doing the final paperwork and writing the check, she called the bank and asked... right then and there.
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
Donna D. is online now   Reply With Quote
Old 08-14-2017, 09:42 AM   #7
Senior Member
 
Join Date: May 2017
Location: Colorado, Colorado
Trailer: Escape 21 - Nov 2017 "Harvey"
Posts: 149
Quote:
Originally Posted by Donna D. View Post
You can certainly ask, but the rate will be based on the hour/day the dollars are received... not when you called and asked. When I was sitting with Tammy, doing the final paperwork and writing the check, she called the bank and asked... right then and there.


Yes, it changes constantly. The tip is to ask. Perhaps ETI's bank, being a small town bank with ETI as likely an important customer, doing lots of transfers, may charge a smaller percentage to convert than the conversion my bank, Wells Fargo, charged me.

The conversion rate charge is in addition to the wire transfer fee I was also charged. So, they charged me like $30 to send a wire transfer, which is clear and disclosed. But then masked the fee for conversion.
jking1224 is offline   Reply With Quote
Old 08-14-2017, 09:44 AM   #8
Senior Member
 
gbaglo's Avatar
 
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B - "Toad". '08 Toyota RAV4 V6
Posts: 13,484
VanCity is not a small town bank.
Banking in Canada is not the same as banking in the US.
__________________
2009 Escape 17B "Toad"
2008 Toyota RAV4 V6 Sport
North Vancouver, British Columbia

What happens to the hole when the cheese is gone?
- Bertolt Brecht
gbaglo is online now   Reply With Quote
Old 08-14-2017, 10:24 AM   #9
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,118
I have always just sent a check, in the US mail (double stamps are required), Escape receives it within a week and credits me. No fee, no middle man. I tried to send a wire once, via Wells Fargo, it took 10 days. US mail was quicker, cheaper and simpler.
__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 08-14-2017, 10:34 AM   #10
Senior Member
 
Join Date: Dec 2013
Location: Notasulga, Alabama
Trailer: 2010 EggCamper (#083); 2017 Escape 21 (#053); 2016 F-150 5.0L FX4
Posts: 1,733
Several previous threads on this, such as:
How to hedge exchange rate?
and
Favorable Exchange Rates
__________________

War Eagle is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off






» Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by Escape Trailer Industries or any of its affiliates. This is an independent, unofficial site.



All times are GMT -5. The time now is 10:54 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Copyright 2012 Social Knowledge, LLC All Rights Reserved.