How to hedge exchange rate? - Page 12 - Escape Trailer Owners Community

Go Back   Escape Trailer Owners Community > Escape Me | General Topics > Paper Escape
Click Here to Login
Reply
 
Thread Tools Display Modes
 
Old 06-18-2016, 03:03 PM   #111
Senior Member
 
SpokanEscape's Avatar
 
Join Date: Sep 2011
Location: Spokane, Washington
Trailer: 2016 Escape 5.0TA 2016 Ford F-150 3.5L Ecoboost
Posts: 420
Lots of fun times ahead!
__________________

__________________
Jan and Paul
"Le Bon Oeuf"
SpokanEscape is offline   Reply With Quote
Old 06-19-2016, 12:19 AM   #112
Senior Member
 
Jimrules's Avatar
 
Join Date: Sep 2015
Location: Monona, Wisconsin
Trailer: 2017 19' "Hardley" 2015 Grand Cherokee diesel
Posts: 234
Interesting that others were able to pay early while we were told we could not. Either way it no longer matters to us. While on our way to Banf last week we stopped in at a branch of the Royal Bank of Canada and opened two savings accounts. On in USD, the other in CAD. We didn't have an appointment but it still took less than 45 minutes and all we needed were two forms of ID. We did however have to be there in person, so our vacation choice really paid off.
Neither account has any fee or minimum balance as long as we don't make more than one withdrawal per month ($5 Canadian for each additional). Not a problem since we really only plan to make one big withdrawal anyway.
We will be moving our savings in USD and can transfer to the CAD account online when we decide we like the rate.
__________________

Jimrules is offline   Reply With Quote
Old 06-22-2016, 02:44 AM   #113
LJY
Senior Member
 
Join Date: Mar 2016
Location: Nor, California
Trailer: 2017 Escape
Posts: 127
Quote:
Originally Posted by StanLewis View Post
Posted earlier that the best deal I found was through Morgan Stanley. Here's how it came out: we bought CAD approximately equal to what we think will be the final price of the trailer (don't know for sure since we certainly haven't finalized the build sheet yet) and deposited the money in a CAD bank account. MS will wire the money to ETI when asked. There might be a modest fee for that; I didn't bother to ask. Bank of Canada reported that the exchange rate on the day we did the transaction ranged from 0.7587 to 0.7636 USD/CAD; we bought at 0.7603 and paid MS a fee of $3.76. I'd say, if you have a broker, check with them.
Stan,
While looking thru annual reports of one of my funds, I noticed the CAD asset/contract the fund owned goes thru Morgan Stanley. Looks like MS is a big broker in USD/CAD currencies. This is probably why they offered you such a good exchange rate. For non-MS customers like me, Everbank has the best exchange rate plus no fee of any alternatives I can find.
LJY is offline   Reply With Quote
Old 06-27-2016, 12:56 PM   #114
Senior Member
 
Join Date: Feb 2016
Location: Area 51, New Mexico
Trailer: pondering.....
Posts: 723
not sure if it was the Brits, but the USD/CAD exchange rate reversed course and is now going in a positive direction at least for USA Escape buyers...will be interesting to see what changes are in the long range forecasts...just a month ago they were headed in somewhat of a negative direction for USA Escape buyers at least thru mid summer 2017....what goes up must go down and vice versa eventually but this one may be a bit more sustained...
freespirit is offline   Reply With Quote
Old 08-02-2016, 01:59 PM   #115
Senior Member
 
tdf-texas's Avatar
 
Join Date: Nov 2015
Location: Baytown, Texas
Trailer: 2017 21' Escape
Posts: 340
For those who have not paid the full amount on their trailer, you might want to read the article in this link.

Why The U.S. Dollar Will Continue Marching Higher Vs. The Canadian Dollar - PowerShares DB USD Bull ETF (NYSEARCA:UUP) | Seeking Alpha

It looks like the USD/CAD ratio is about to change in our favor.
tdf-texas is offline   Reply With Quote
Old 08-02-2016, 02:04 PM   #116
Senior Member
 
Join Date: Oct 2015
Location: Holland, Ohio
Trailer: 21 on Feb 28, 2017 2016 GMC Canyon Duramax
Posts: 333
Quote:
Originally Posted by tdf-texas View Post
For those who have not paid the full amount on their trailer, you might want to read the article in this link.

Why The U.S. Dollar Will Continue Marching Higher Vs. The Canadian Dollar - PowerShares DB USD Bull ETF (NYSEARCA:UUP) | Seeking Alpha

It looks like the USD/CAD ratio is about to change in our favor.
I'm liking that.
stephen99 is offline   Reply With Quote
Old 08-02-2016, 02:18 PM   #117
Senior Member
 
gbaglo's Avatar
 
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B - "Toad". '08 Toyota RAV4 V6
Posts: 10,158
Yup.
Maybe, or maybe not.
__________________
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 08-02-2016, 05:45 PM   #118
Senior Member
 
Join Date: Feb 2016
Location: Area 51, New Mexico
Trailer: pondering.....
Posts: 723
Quote:
Originally Posted by tdf-texas View Post
For those who have not paid the full amount on their trailer, you might want to read the article in this link.

Why The U.S. Dollar Will Continue Marching Higher Vs. The Canadian Dollar - PowerShares DB USD Bull ETF (NYSEARCA:UUP) | Seeking Alpha

It looks like the USD/CAD ratio is about to change in our favor.
would be nice....but of course a buyer might also consider where one wants his $30k located, if and when the next bubble bursts...
freespirit is offline   Reply With Quote
Old 08-15-2016, 08:16 PM   #119
Junior Member
 
Join Date: May 2015
Location: Seney, Michigan
Trailer: 2000 Casita
Posts: 7
Yes you do have to go in person to a Canidian bank with 2 I D's to open an account. Wife and I did it last month.
__________________
Jeri
jerirehberg is offline   Reply With Quote
Old 09-13-2016, 07:49 PM   #120
Member
 
Join Date: Dec 2013
Location: Denver, Colorado
Trailer: 2015 5.0 TA '13 Tundra DC 4.6 tow
Posts: 79
Quote:
Originally Posted by StanLewis View Post
Posted earlier that the best deal I found was through Morgan Stanley. Here's how it came out: we bought CAD approximately equal to what we think will be the final price of the trailer (don't know for sure since we certainly haven't finalized the build sheet yet) and deposited the money in a CAD bank account. MS will wire the money to ETI when asked. There might be a modest fee for that; I didn't bother to ask. Bank of Canada reported that the exchange rate on the day we did the transaction ranged from 0.7587 to 0.7636 USD/CAD; we bought at 0.7603 and paid MS a fee of $3.76. I'd say, if you have a broker, check with them.
Thanks to this thread, I purchased about one third of our remaining cost in CDN funds in my Morgan Stanley brokerage account today. ~0.7593 USD per CDN which matched the XE quotes at the time of purchase. This is a good option if it fits your situation. Thanks Stan!
__________________

Chuckster 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






» Virginia Campgrounds

Reviews provided by



All times are GMT -5. The time now is 05:36 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Copyright 2012 Social Knowledge, LLC All Rights Reserved.