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Thread: Take advantage of the strong Canadian dollar 1.24

  1. #21
    Super GunNutz vancouverbc's Avatar
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    Quote Originally Posted by Mik123 View Post
    It's just the inverse ratio.

    $1.24 is the cost of converting $1USD to $CAD. $0.81 is the cost of converting $1CAD to $USD.
    $1.24 is the cost in CAD to buy 1 USD. 0.81 is the cost in USD to buy 1 CAD, plus banking fees which vary. It is not quite the inverse, there is a spread.
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  2. #22
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    Hardly a strong Canadian dollar,,,

  3. #23
    CGN frequent flyer Candocad's Avatar
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    Quote Originally Posted by IRUNGUNS View Post
    In January 2002 it was 1.60, and 30 days ago it was 1.30, I think it's fair to say the savings of $60.00 per $1000.00 at today's rate compared to 30 days ago is concidered positive...
    And in between that time it was at par, now that is what I call a strong Cdn peso. (Actually it was a weak US dollar, but lets not spoil it!)

    Candocad.
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  4. #24
    CGN Ultra frequent flyer Magellann's Avatar
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    ^^^ Thats my kind of strong Canadian dollar.... I'd love to see it come back again.

  5. #25
    CGN Regular stevo911_'s Avatar
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    Quote Originally Posted by vancouverbc View Post
    $1.24 is the cost in CAD to buy 1 USD. 0.81 is the cost in USD to buy 1 CAD, plus banking fees which vary. It is not quite the inverse, there is a spread.
    there is no spread, currency conversion rates are in fact inverse (plus fees and whatever rate you can actually get from your financial institution).
    The ratios above are just rounded.
    1/1.24= 0.8064 USD to buy 1 CAD
    1/.8064=1.2400 CAD to buy 1 USD

  6. #26
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    Itís only 81 cents on our dollar right now....Iíd say itís better then itís been in a while but itís not a 1.24

  7. #27
    CGN Regular oddball_ted's Avatar
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    November 2007 one dollar CAD cost an American a 1.07$
    Are you allowed to eat doughnuts private Pyle?

  8. #28
    Super GunNutz vancouverbc's Avatar
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    Quote Originally Posted by stevo911_ View Post
    there is no spread, currency conversion rates are in fact inverse (plus fees and whatever rate you can actually get from your financial institution).
    The ratios above are just rounded.
    1/1.24= 0.8064 USD to buy 1 CAD
    1/.8064=1.2400 CAD to buy 1 USD
    Do you trade currency? In reality, there is in fact a spread. I traded equities for 15 years. But we digress....

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  9. #29
    CGN Regular Loosethoughts's Avatar
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    Quote Originally Posted by oddball_ted View Post
    November 2007 one dollar CAD cost an American a 1.07$
    Man I miss those days!

  10. #30
    CGN Ultra frequent flyer silverfoxdj's Avatar
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    Quote Originally Posted by Loosethoughts View Post
    Man I miss those days!

    ^^^ Same here but not likely to improve much with the current Gov policys
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