Buy now for favorable Canadian exchange rate? - Escape Trailer Owners Community
Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×

Go Back   Escape Trailer Owners Community > Escape Tech > Problem Solving | Owners helping each other
Click Here to Login
Reply
 
Thread Tools Display Modes
 
Old 06-03-2015, 07:40 PM   #1
Senior Member
 
Maury&Julie's Avatar
 
Join Date: Jun 2015
Location: Seattle, Washington
Trailer: 2016 21'
Posts: 156
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?
Maury&Julie is offline   Reply With Quote
Old 06-03-2015, 07:44 PM   #2
Senior Member
 
float5's Avatar
 
Join Date: Nov 2010
Location: Denison, Texas
Trailer: 2015 21'; 2011 19' sold; 4Runner; ph ninezero3 327-27ninefour
Posts: 5,136
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
float5 is offline   Reply With Quote
Old 06-03-2015, 07:55 PM   #3
Senior Member
 
emers382's Avatar
 
Join Date: Apr 2013
Location: Emerson, Manitoba
Trailer: 2016 Escape 5.0TA, 2022 F150 2.7EB
Posts: 1,848
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
emers382 is offline   Reply With Quote
Old 06-03-2015, 08:11 PM   #4
Senior Member
 
Bruce Wray's Avatar
 
Join Date: Jan 2009
Location: Pollock Pines, California
Trailer: 2009 Escape 19
Posts: 453
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
Bruce Wray is offline   Reply With Quote
Old 06-03-2015, 10:08 PM   #5
Site Team
 
rbryan4's Avatar
 
Join Date: Jun 2014
Location: Canyon Lake, Texas
Trailer: 2015 19 "Past Tents", 2021 F150 Lariat 2.7L EB
Posts: 10,222
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."
rbryan4 is offline   Reply With Quote
Old 06-03-2015, 10:14 PM   #6
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: 1,100
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
Loren & Cathy is offline   Reply With Quote
Old 06-03-2015, 10:42 PM   #7
Senior Member
 
Join Date: Apr 2013
Location: Kamloops, British Columbia
Trailer: 2024 Bigfoot 21RB
Posts: 254
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.
gharper is offline   Reply With Quote
Old 06-03-2015, 10:56 PM   #8
Senior Member
 
gbaglo's Avatar
 
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
My advice, from experience, when it comes to investing or buying dollars is do the opposite of what I've done.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
gbaglo is offline   Reply With Quote
Old 06-04-2015, 06:15 AM   #9
Senior Member
 
Join Date: Jul 2012
Location: Burlington, Vermont
Trailer: 2014 17b/ 2012 Chevy Colorado
Posts: 736
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.
yardsale is offline   Reply With Quote
Old 06-04-2015, 08:15 AM   #10
Senior Member
 
Dave Walter's Avatar
 
Join Date: Apr 2012
Location: Edmonton, Alberta
Trailer: 2013 19' & 2013 15B
Posts: 2,634
Quote:
Originally Posted by gbaglo View Post
My advice, from experience, when it comes to investing or buying dollars is do the opposite of what I've done.
How do you reconcile your investment in an Escape 17' with that statement?
__________________
2013 19' \ 2013 15B, 2020 Toyota 4Runner TRD Offroad

"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
Dave Walter is offline   Reply With Quote
Old 06-04-2015, 08:58 AM   #11
Senior Member
 
Vermilye's Avatar
 
Join Date: Feb 2010
Location: Oswego, New York
Trailer: 2017 Escape 21C, 2018 Ford F150
Posts: 5,363
Well, I'm with Glenn (gbaglo). I am one of the few that bought ab Escape trailer when the Canadian dollar was worth more than the US dollar. I do envy those purchasing now!
__________________
Jon Vermilye My Travel Blog
Travel and Photo Web Page ... My Collection of RV Blogs 2018 F150 3.5EB, 2017 21
Vermilye is offline   Reply With Quote
Old 06-04-2015, 09:31 AM   #12
Senior Member
 
Maury&Julie's Avatar
 
Join Date: Jun 2015
Location: Seattle, Washington
Trailer: 2016 21'
Posts: 156
Thanks for all the great input! I especially like gbaglo's wise counsel. 😄
I think we'll go ahead and pay now. Sounds like It's not likely to go much below .8
Maury&Julie is offline   Reply With Quote
Old 06-04-2015, 10:33 AM   #13
Senior Member
 
escape artist's Avatar
 
Join Date: Oct 2008
Location: St. Thomas not BVI., Ontario
Trailer: 2014 Escape 5.0TA / 2016 Ram Eco Diesel 4X4
Posts: 8,035
Quote:
Originally Posted by gbaglo View Post
My advice, from experience, when it comes to investing or buying dollars is do the opposite of what I've done.
Hi: gbaglo... Like the song says "You can't roller skate in a Buffalo herd". Alf
escape artist N.S. of Lake Erie
__________________
Quote Bugs Bunny..."Don't take life too seriously, none of us get out of it ALIVE"!!!
'16 Ram Eco D. 4X4 Laramie Longhorn CC & '14 Escape 5.0TA
St.Thomas (Not the Virgin Islands) Ontario
escape artist is offline   Reply With Quote
Old 06-04-2015, 11:25 AM   #14
Senior Member
 
Join Date: Sep 2014
Location: Ventura County, California
Trailer: 2015 Escape 17A
Posts: 2,344
Quote:
Originally Posted by escape artist View Post
Hi: gbaglo... Like the song says "You can't roller skate in a Buffalo herd". Alf
escape artist N.S. of Lake Erie
Don't forget the refrain line in the song; it's specifically for Escapees: "You can be happy if you've a mind to!"
dfandrews is offline   Reply With Quote
Old 06-04-2015, 03:32 PM   #15
Member
 
Join Date: Jun 2013
Location: Raleigh, North Carolina
Trailer: 2016 21
Posts: 84
Quote:
Originally Posted by Maury&Julie View Post
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?
Yes, it is a good rate - 10 year chart :

http://finance.yahoo.com/echarts?s=FXC+Interactive#{"range":"max","showPreP ost":false}

no wizard here, though, where it goes from here.

I'm hedging and buying the FXC, though, to lock in some of it until the check is written.

Good luck.
Bill_75 is offline   Reply With Quote
Old 06-04-2015, 04:08 PM   #16
Senior Member
 
float5's Avatar
 
Join Date: Nov 2010
Location: Denison, Texas
Trailer: 2015 21'; 2011 19' sold; 4Runner; ph ninezero3 327-27ninefour
Posts: 5,136
What we did was pay most but have a few thousand more. The way the rate generally goes, doubt it is possible to go wrong with the rest because we have saved so much already and continue to save even if the rate starts going the wrong way. Because it is so far in our favor.
__________________
Cathy. Floating Cloud
"Live in the sunshine, swim the sea, drink the wild air.... "
Emerson
float5 is offline   Reply With Quote
Old 06-04-2015, 05:15 PM   #17
Senior Member
 
Join Date: May 2015
Location: Rangeley, Maine
Trailer: 2005 Escape 17B Sold 2016. 2016 Escape 19 Sold 2019. 2019 Escape 21 picked up Sep 2019
Posts: 173
Quote:
Originally Posted by Floating Cloud View Post
What we did was pay most but have a few thousand more. The way the rate generally goes, doubt it is possible to go wrong with the rest because we have saved so much already and continue to save even if the rate starts going the wrong way. Because it is so far in our favor.
That's what we have done too. Paid 1/3 a few days ago. Will send most of the balance tomorrow or early next week. The rate is just too good right now... I'm no financial wizard, but it seems to me that it is more likely to go up than it is to go down much further.
sallemann is offline   Reply With Quote
Old 06-04-2015, 05:25 PM   #18
Member
 
Join Date: Mar 2015
Location: Federal Way, Washington
Trailer: 2015 Escape 21/ 09 2015
Posts: 94
Don't try to time any market...stocks, bonds, or currency exchange rates. Pay some now, during construction and at closing. I am sure that you will be very happy with the overall average when it is all done. Think of it like dollar cost averaging as you would with stocks and bonds. Market timing doesn't work.
luckyone is offline   Reply With Quote
Reply

Tags
canadian dollars, exchange rate, us dollars

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




» Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by Escape Trailer Industries or any of its affiliates. This is an independent, unofficial site.


All times are GMT -5. The time now is 06:47 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 2023 Social Knowledge, LLC All Rights Reserved.