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Old 04-03-2016, 11:59 AM   #51
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Hi Ralph. Thanks for answering my question and sharing the information with others as well. (I'll have to figure out how to receive private messages for future use.) Your FXC approach sounds good to me. I'll call Vanguard tomorrow. -Tom
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Old 04-03-2016, 12:36 PM   #52
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Canadian vs US dollar

There are many forecasters and they are all a little different, google forecast for Canadian vs US dollar and find one that seems like a solid source. What I find is that there may be some small ups and downs and this year looks like 1.30s are fairly consistent. We took them a big check in January when it was a bit lower and we are hanging awhile until we get closer. Everyone has a different comfort zone, find yours with a little research.

here's one source: Canadian Dollar to US Dollar Forecast For 2016 and 2017*-*Long Forecast
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Old 04-03-2016, 01:41 PM   #53
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I charted the link you provided. Here is the chart below. It looks like the longer we wait to convert to loonies, the better
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Old 04-03-2016, 01:48 PM   #54
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I charted the link you provided. Here is the chart below. It looks like the longer we wait to convert to loonies, the better
At least if that prognosticator is correct. My experience is that "experts" about markets are right about 50% of the time.
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Old 04-03-2016, 03:06 PM   #55
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At least if that prognosticator is correct. My experience is that "experts" about markets are right about 50% of the time.
Find a better expert.
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Old 04-03-2016, 03:10 PM   #56
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Find a better expert.
Do they exist?
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Old 04-03-2016, 03:20 PM   #57
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I do my research and then listen to most trusted expert, my gut!!
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Old 04-03-2016, 07:52 PM   #58
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Ralph, so after you sell the FXC at Vanguard it is USD in your account. Then you have Vanguard convert to CAD and they wire transfer directly to ETI's account at ETI's Canadian bank, is that correct? If Vanguard does not charge an exchange fee, what fees do they charge? Is there only a wire transfer fee and nothing else? If so, how much does Vanguard charge for the wire transfer? Does ETI's bank charge any fees for accepting the transfer? Thank you.
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Old 04-04-2016, 12:57 AM   #59
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Ralph, so after you sell the FXC at Vanguard it is USD in your account. Then you have Vanguard convert to CAD and they wire transfer directly to ETI's account at ETI's Canadian bank, is that correct?
Correct.

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If Vanguard does not charge an exchange fee, what fees do they charge? Is there only a wire transfer fee and nothing else? If so, how much does Vanguard charge for the wire transfer?
There wasn't even a wire transfer fee. They offer different service levels based on your assets at Vanguard (see https://investor.vanguard.com/what-w...ts-at-a-glance), but what I was told by my Vanguard Rep was no-fee exchange and wire transfer services are provided to all their customers. Having said that, it would probably be best to confirm with your Vanguard Rep.

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Does ETI's bank charge any fees for accepting the transfer?
I don't believe there are any fees from ETI's bank to receive the wire transfer. If there are, I would guess ETI pays them because I didn't see any.
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Old 04-04-2016, 02:27 AM   #60
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Ralph,
Thanks for sharing your experience. Sorry if I missed it, but how good was the exchange rate you received when exchanging at Vanguard? Did you compare it with XE or others on the same day? Thanks

All,
I found at least 2 other options.. probably won't work for most people:

Option 1) I convinced a family friend in Canada who's willing to hold my money in her acct and pay ETI when needed. I will give her any interests generated so she can pay any Canadian taxes.

Option 2) Have one of my relatives open a CAD$ account in another country and wire to that one.
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