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06-03-2015, 07:40 PM
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#1
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Senior Member
Join Date: Jun 2015
Location: Seattle, Washington
Trailer: 2016 21'
Posts: 162
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Buy now for favorable Canadian exchange rate?
I know NOTHING about historic exchange rates. Right now it's about .8. (Canadian to US dollars). Seems pretty good! Would it be wise to pay for the trailer now at this rate? Is it likely to stay about the same? Go up? Go down? Any financial wizards out there? Any crystal balls?
__________________
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06-03-2015, 07:44 PM
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#2
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Senior Member
Join Date: Nov 2010
Location: Denison, Texas
Trailer: 2015 21'; 2011 19' sold; 4Runner; ph ninezero3 327-27ninefour
Posts: 5,156
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It is indeed an excellent rate at the moment. Could go up or down. Your choice to get it now or later.
__________________
__________________
Cathy. Floating Cloud
"Live in the sunshine, swim the sea, drink the wild air.... "
Emerson
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06-03-2015, 07:55 PM
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#3
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Senior Member
Join Date: Apr 2013
Location: Emerson, Manitoba
Trailer: 2016 Escape 5.0TA, 2015 F150 2.7EB
Posts: 1,190
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Well we were in the U.S. when our dollar dropped to below 78 cents in March, we went home and our dollar went up, now we are back in the U.S. and it's dropped again. Just our luck.
If the price of oil begins to recover then our dollar will rise again but doubt it will ever reach par as it was only a couple of years ago, in fact when we came to the U.S. in May of 2013 it was 1.03!
Adrian
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06-03-2015, 08:11 PM
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#4
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Senior Member
Join Date: Jan 2009
Location: Pollock Pines, California
Trailer: 2009 Escape 19
Posts: 453
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Hi Maury and Julie - Since we bought our trailer in '09, I've never seen the rate go below .77. .8 is good, you might ask Escape how to capture the best conversion without getting ripped off in "fees".
Bruce
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06-03-2015, 10:08 PM
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#5
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Site Team
Join Date: Jun 2014
Location: Canyon Lake, Texas
Trailer: 2015 19 "Past Tents", 2018 F150 2.7L Ecoboost
Posts: 9,414
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Maury and Julie, no I don't have a crystal ball, but I can tell you that historically, a rate in the .79 or .80 range is very good. The rate is greatly affected by the price of a barrel of oil, which is currently down. Anyone who deals in oil futures can tell you it's hard to know where it's headed the next day, let alone the next month. I would simply take advantage of a good rate while I can.
__________________
"You can't buy happiness, but you can buy an RV. And that is pretty close."
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06-03-2015, 10:14 PM
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#6
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Senior Member
Join Date: Mar 2014
Location: Olathe, Kansas
Trailer: 2015 21ft Escape "Spirit of the Plains", 2014 GMC Sierra with max tow package
Posts: 1,102
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The rate is kind of bouncing between .78 and .82 and there was talk of it getting to .75 but who knows. In marketing grain they say if you hit the peak you've waited to long. Getting a check to ETI to run through their bank probably will get you about as good of rate as you're going to get. Last September we got 1.0772 with our deposit check and 1.2004 two weeks ago with the trailer payment check. Quite a change in a short period of time. I'm sure this has to create headaches for Reace. Loren
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06-03-2015, 10:42 PM
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#7
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Senior Member
Join Date: Apr 2013
Location: Kamloops, British Columbia
Trailer: 2013 Escape 19
Posts: 249
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No one knows what will happen with exchange rates, e.g. oil up and C$ up or US interest rates up and US $ up or combo of both, etc. I think though it is likely most of the decrease in the Canadian dollar has happened.
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06-03-2015, 10:56 PM
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#8
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B - "Toad". '08 Toyota RAV4 V6
Posts: 13,344
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My advice, from experience, when it comes to investing or buying dollars is do the opposite of what I've done.
__________________
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
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06-04-2015, 06:15 AM
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#9
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Senior Member
Join Date: Jul 2012
Location: Burlington, Vermont
Trailer: 2014 17b/RAV4 (sold) 2012 Chevy Colorado
Posts: 579
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Our bank charged us $35 dollars to wire funds to Escapes' bank. Transaction took only three days, so the rate was nearly identical to the rate in affect at the time we decided to go for it. The amount we saved paid our entire excise tax in the us and the rate is far more favorable now.
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06-04-2015, 08:15 AM
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#10
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Senior Member
Join Date: Apr 2012
Location: Edmonton, Alberta
Trailer: 2013 19' & 2013 15B
Posts: 2,234
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Quote:
Originally Posted by gbaglo
My advice, from experience, when it comes to investing or buying dollars is do the opposite of what I've done.
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How do you reconcile your investment in an Escape 17' with that statement? 
__________________
__________________
2013 19' \ 2013 15B, 2011 Toyota FJ Cruiser
"It is better to remain silent at the risk of being thought a fool, than to talk and remove all doubt of it." - 1907, Maurice Switzer
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