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Old 06-29-2013, 03:47 PM   #11
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Some people buy US bucks when the rate is low and then forget their passports when in a location close enough to the border to shop !!
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Old 11-27-2013, 08:56 AM   #12
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Our trailer will be built by early February. We've been watching the value of the Canadian/American dollar pretty carefully ever since we put down our deposit. So as of last week the American dollar was trading at a little more than 1.05 Canadian. We sent a wire transfer last Friday which didn't get there until Monday night and Tammy cashed it yesterday. The rate had stayed pretty much steady We ended up getting a rate of 1.038 which was a significant savings. It's a nerve wracking experience although usually the rate doesn't change drastically from day to day (at least while we've been watching) and now the Canadian dollar could go down even more, but we probably won't watch. It's a lot about luck.
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Old 11-27-2013, 10:35 AM   #13
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I've been watching the USD/CDN exchange rate most of the second half of this year. I have a client who is paying in Canadian and started watching the rates in the late summer. Now I have to pay in Canadian for the trailer. Unfortunately, the client isn't paying as much as the cost of the trailer, so I'm not totally matched.

The USD/CDN rate as been between about $0.95 and $0.96 for most of this time. It got up to $0.97+ back in the middle of November during the US government shutdown. I think we have another budget crisis coming up in January or February so that's something to watch.

A few years ago the CDN $ was actually worth a few percent more than the USD. For most of the 90s' the CDN$ was about $0.80 (if only I could pay at those prices).

With the rates being so close, I keep looking at the prices like they are in USD, so I figure it will be like getting a 4-5% discount when it actually comes time to pay.
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Old 11-27-2013, 09:13 PM   #14
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Goldman Sachs is predicting the Canadian dollar is going to do fairly poorly over the next year. If they're right, you may be better off holding onto your US$ as long as possible.
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Old 11-28-2013, 08:57 AM   #15
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That's right. If it goes down a lot more in the next two months we'll probably kick ourselves, but it's so hard to know. I'm just glad we didn't end up paying more than the Canadian dollar amount. Now with the build sheet done and the trailer mostly paid for we can concentrate on planning the trip out west.
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Old 01-09-2014, 06:24 AM   #16
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Any US buyers with an Escape on order, take note - they're running a sale on Canadian money right now. This morning, the exchange rate is at 8.41% in our favor. You can pay down your purchase at any time. Just be sure to factor in the wire transfer fees.
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Old 01-09-2014, 09:11 AM   #17
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Wow, maybe we will buy another Escape.:
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Old 01-09-2014, 09:13 AM   #18
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If it gets too low, they may pay you not to buy one…….
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Old 01-09-2014, 09:17 AM   #19
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I used to follow the daily exchange rate during my past 2 purchasing periods. I learned that the daily rate really does not guarantee you that amount. When I wired money, it took a week, when I mailed money (remember to double your postage mailing to Canada) it took 2 weeks. What you can do is send the money up front and have Escape hold it in escrow and on the date you wish, contact them to process it. That process is quicker. You will also find the rate posted maybe different that the rate you receive, depends on which bank ETI is using. It ended up with too many variables to spend a lot of time trying to get the most favorable exchange. Just my .02$ worth
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Old 01-09-2014, 12:12 PM   #20
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We made our final payment Thursday of last week and, on Monday, I called Escape and found that the money was already in Wells Fargo, the escrow bank. At that time, as Jim indicated, I was given the option to transfer the money then or wait. We aren't W.F. customers but, I was told by our bank, if we had been, the transfer to escrow would have been almost immediate.
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