How to hedge exchange rate? - Page 11 - Escape Trailer Owners Community

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Old 05-28-2016, 02:43 PM   #101
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Quote:
Originally Posted by Greg A View Post
I know with XE I was able to make an offer which floats out there till either it's accepted or you terminate it. Can be set to terminate automatically. Once offer accepted they cut a draft in Canadian $$ at agreed on rate and mailed to ETI no charge for anything.
Not sure if that capability is in knightbridge.
Since the thread topic is about "how to hedge...", it needs to be pointed out that ETI no longer wants to receive money early. So, any sending of direct check, wire, wiring by XE, etc.. is not really "hedging" but just paying at the future exchange rate at the time of payment.
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Old 05-28-2016, 09:22 PM   #102
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"it needs to be pointed out that ETI no longer wants to receive money early."

Not true for my 2017 next year completion date. Just send it, they will take it.
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Old 05-28-2016, 10:56 PM   #103
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No point in worrying about the exchange rate. Do you want to buy a trailer that you can afford, that provides the quality and customer care that you desire?
Put your order in. You can't control the rate or out-guess the professional money managers and the computers. So, just buy it.
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Old 05-28-2016, 11:44 PM   #104
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Originally Posted by gocamp View Post
"it needs to be pointed out that ETI no longer wants to receive money early."

Not true for my 2017 next year completion date. Just send it, they will take it.
Well... ETI must be telling people different things. Several people and I have been told to not send in money until after production starts.
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Old 05-28-2016, 11:48 PM   #105
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Originally Posted by gbaglo View Post
No point in worrying about the exchange rate. Do you want to buy a trailer that you can afford, that provides the quality and customer care that you desire?
Put your order in. You can't control the rate or out-guess the professional money managers and the computers. So, just buy it.
Hi gbaglo,

Agreed about not worrying about exchange rate, so hence I'm trying to hedge the fluctuations while at a rate I can afford. I think most of RV buyers are all retired and financially independent.. while I'm still aspiring to retire by 45.. so every dollar is especially important for me
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Old 05-28-2016, 11:53 PM   #106
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It's just that worrying about things you can't control or anticipate may shorten your life-span.
When the doctor asked me if I was under stress ( at work ), I replied, I don't have stress. I cause stress.
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Old 05-29-2016, 12:01 AM   #107
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Quote:
Originally Posted by gocamp View Post
"it needs to be pointed out that ETI no longer wants to receive money early."

Not true for my 2017 next year completion date. Just send it, they will take it.
Quote:
Originally Posted by LJY View Post
Well... ETI must be telling people different things. Several people and I have been told to not send in money until after production starts.
We were told that we could not pay until about one month before our scheduled delivery date.
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Old 05-29-2016, 12:02 AM   #108
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I'm 95% paid up and build sheet completed. I feel once that other assembly line gets going next month things will speed up and trailers will be produced a lot quicker. That way if there is a spot in the line and you are all done, you may be able to receive your unit sooner.
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Old 05-29-2016, 09:33 AM   #109
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It's just that worrying about things you can't control or anticipate may shorten your life-span.
When the doctor asked me if I was under stress ( at work ), I replied, I don't have stress. I cause stress.
I think everybody's brain is wired differently... For me, optimization is a game whether it's programming or it's finances. So, I do it for the enjoyment of it. What gives me stress is seeing the worst of ppl in corporate politics. Hopefully, I can soon retire from that stress in a few more years.
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Old 06-18-2016, 01:59 PM   #110
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I just completed a wire transfer in CAD that was deposited in ETI's bank account and Kathy has credited on my build sheet. Completion date May 2017
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