1864 was the time for cross border shopping. Cdn. dollar @ 2.78 US. That's where we need to be.
1864 was the time for cross border shopping. Cdn. dollar @ 2.78 US. That's where we need to be.
Not a lot, just a few hundred grand a year us/cad in forward contracts for purchasing over the border to eliminate fx risk..
Of course there's a spread on the bid and ask for actual converting, and that spread changes depending on what you have available to you (interbank vs atm vs cc vs going to a kiosk/bank).
I'm strictly talking in layman's terms about doing a simple conversion, there's no spread/anything else to calculate, where people in this thread don't understand how to get from 1.24 to 0.81 (inverse), or people who don't understand if we're at .75 it costs 1.33 for a usd dollar instead of 1.25 (been asked that one by otherwise quite intelligent people). If you can't get from one to the other at two decimal places, you're a far cry from being concerned about basis points.
In simple terms: to convert from one rate to the other it's the inverse, to physically do the transaction there's a spread; it's going to cost you some fees (but it depends on your purchasing power)
I just wish they would get a more diverse inventory on the Canadian site. Yes I know I could order from the US site but, waiting up to 45 days is a killer. I've got $700.00 in US dollar Visa cards (Christmas gifts) and there's nothing on the Canadian site I want or need...
Freedom is never free
If you would like to spend those gift cards on www.irunguns.com please order before the 15th and you will see it the first part of February. I know that can be a bit of a wait but years ago ordering out of stock items from your local dealer took 6 months to a year. Unfortunately due to costs, the ITAR, and export controls we only export once a month.
Have a great weekend.
Flat rate shipping to Canada is 25.00USD on all accessory and ammunition orders regardless of quantities ordered. Firearms are exported to Canada at a flat rate of 25.00USD per firearm.
The IRUNGUNS Team
www.irunguns.ca
www.irunguns.com