US to Canadian Funds Transfer - Page 2 - Escape Trailer Owners Community

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Old 09-24-2017, 10:11 AM   #11
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Join Date: Jul 2016
Location: St Louis, Missouri
Trailer: 5.0TA on order
Posts: 144
Quote:
Originally Posted by Kingbiscuit View Post
My wife and I are gearing up to order an Escape 19. Forgive my ignorance, but what is the best way to transfer funds for your purchase and insure that you get the correct exchange rate?

Thanks,

Dan
We have ours on order, when we placed the order the Exchange rate was at 74 now at 81. When it reached 77 we had our broker buy us a FXC CURRENCYSHARES CAN - ETF for the total cost of the trailer. Currently we are making money on this and will cash it in and send off the funds in November. Only wish we had done this when the rate was at 74! Of course we take the risk that the exchange rate drops below what we purchased it for but the current trend does not look like that will be happening.
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