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Old 02-26-2014, 05:08 PM   #11
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Any idea how the conversion rate I see on line compares with the rate ETI uses?
For example, if I see 10% on line will I actually get 7% with ETI?
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Old 02-26-2014, 05:20 PM   #12
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If you go to different sites on line you will get different rates and yet another rate seconds later.
Money traders have computer programs to buy and sell currency when it's in their favour by a fraction of a penny. Since they are trading millions at a time, all those fractions add up.
We are not in that league and neither is Escape. I expect they get whatever their bank lists as the current rate, and that will change by the minute.

Use on line quotes only to get the gist of what a dollar is worth.
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Old 02-26-2014, 06:51 PM   #13
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If you go to different sites on line you will get different rates and yet another rate seconds later.
Money traders have computer programs to buy and sell currency when it's in their favour by a fraction of a penny. Since they are trading millions at a time, all those fractions add up.
We are not in that league and neither is Escape. I expect they get whatever their bank lists as the current rate, and that will change by the minute.

Use on line quotes only to get the gist of what a dollar is worth.
Yes, I realize that. But what is the "ballpark" figure for what people are now actually paying ETI in US dollars? The on-line figures are all roughly around .90 USD for 1 CD; what have recent Escape purchasers actually ended up paying?
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Old 02-26-2014, 07:04 PM   #14
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I think I was around 97 cents on the canadian dollar or about $900 on $33,000. In other words my unit was $34,000 canadian and I paid $33,000 US
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Old 02-26-2014, 07:19 PM   #15
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After going through XE trade for a couple early payments, I made the last payment by wiring the money in US dollars to ETI's US bank. The rate was 1.0721 when Tammy transferred it to their Canadian bank on January 9, 2014.

I was going to make the payment in Canadian dollars, but my credit union couldn't figure out the routing information for ETI's Canadian bank. That was fortunate for me because doing the exchange through ETI saved me over $600 from what the CU was going to charge me.
Next time I'd just send Tammy a check (cheque?) and save the wire transfer fee.
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Old 02-27-2014, 07:44 AM   #16
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Thanks, Jim and Paul, that's the information I was looking for.
I'm a bit surprised that the actual exchange rate wasn't better, but at least it's not in negative territory.
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Old 02-27-2014, 07:54 AM   #17
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i have paid eti $10,500.00 us, with a personal check. they gave me $11,029.00 toward our bill.
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Old 02-27-2014, 09:04 AM   #18
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i have paid eti $10,500.00 us, with a personal check. they gave me $11,029.00 toward our bill.
I paid $19,000 US on January 17th which counted as $26,621 CA. The exchange rate was 1.0853
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Old 02-27-2014, 09:13 AM   #19
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I paid $19,000 US on January 17th which counted as $26,621 CA. The exchange rate was 1.0853
Wow, that is too big of a difference, and the math doesn't add, $19K X 1..08 is $20,520. In order to get that $7,621 difference the rate would have to be 1.40. Please verify those numbers.
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Old 02-27-2014, 10:09 AM   #20
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Yeah, the Canadian peso has not dropped that far ever, to my knowledge, and recently not much over 10%.
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