Author Topic: Any Forex/US-Canadian currency experts?  (Read 2249 times)

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Offline kishy

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Any Forex/US-Canadian currency experts?
« on: Wed, 12 March 2014, 21:55:16 »
This summer I have some repairs/mods I want to get done on my cars, but some of the parts involved will be purchased in the US and I live in Canada. As some of you may know, the exchange rate is about 1USD:1.11CAD currently.

This gives a significant advantage to Americans wanting to shop from Canada where starting prices are similar, but it makes it less appealing for Canadians to buy from the US. I want to avoid a situation where I've just bought a few hundred dollars of parts and then the rate balances back out...suppose I buy $400 worth of stuff, that's 44 dollars extra (that could otherwise be put towards other parts/supplies/tools/whatever) at today's rate, give or take.

So, if anyone here is familiar with the relevant markets and can advise (obviously a rough approximation at best) of what the next couple months might bring, that'd be awesome. I know these things can change fairly quickly but looking at rates plotted on graphs it seems like it's usually pretty gradual.

One thing that is clear is this: if the current trajectory continues then it will only get worse for me from this point. I just don't know if that's what will happen or not.
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Offline fohat.digs

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Re: Any Forex/US-Canadian currency experts?
« Reply #1 on: Sun, 05 July 2020, 20:01:33 »

can advise .... what the next couple months might bring


Please contact me, too, at your earliest convenience. You will be a millionaire soon.


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Offline colemanBro

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Re: Any Forex/US-Canadian currency experts?
« Reply #2 on: Thu, 27 August 2020, 16:01:25 »
You forgot to include the exuberant expensive shipping from the USA to Canada. Adding to the extra $ 11 you pay for each hundred spent, it's a fortune to buy something from the USA. Moreover, I don't think a Forex or currency expert can predict the market in this case, it's too volatile. I trade a lot on Investous forex, but sometimes I have no clue what will be further, so I just rely on my intuition. Again, shipping is the major issue I see here, so the best option for you is to find a provider in Canada.
« Last Edit: Fri, 28 August 2020, 13:44:52 by colemanBro »

Offline fohat.digs

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Re: Any Forex/US-Canadian currency experts?
« Reply #3 on: Thu, 27 August 2020, 17:32:44 »

exuberant expensive shipping from the USA


All outbound international postage from the US is obscenely inflated. Only slightly less so for Canada and Mexico.
The difference in characterization of crime and who commits it skews what criminality looks like demographically. "What we're seeing so far is very similar to the process that we see with Islamic violent Jihad radicalization," said former FBI Assistant Director Frank Figliuzzi, "This wanting to belong to a cause greater than yourself, wanting to get affirmation from a group who may not even know who you are or ever met you. And then feeling like you're part of this deployment, this cause. You heard him say on the clip 'It's my job to protect this.'
No, it's not your job. But you think it is. And video last night shows him walking around roaming around with the assault rifle not really doing much of protecting anything." Figliuzzi made it clear that calling these characters "troubled" is a misnomer. "I would assert," Figliuzzi continued. "that it's time we stopped using the word ‘troubled’ with regard to white young people who act out like this and start thinking about the radicalized term that we used when people of color or people of Islamic faith act out like this. This is a radicalization process that's happening. It happened with the El Paso shooter in Texas. We kept hearing he was troubled. No, he was radicalized. And it's happening online."

Offline Sintpinty

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Re: Any Forex/US-Canadian currency experts?
« Reply #4 on: Thu, 27 August 2020, 21:17:18 »
You forgot to include the exuberant expensive shipping from the USA to Canada. Adding to the extra $ 11 you pay for each hundred spent, it's a fortune to buy something from the USA

This is why i can't get hotswap in canada

Offline Leslieann

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Re: Any Forex/US-Canadian currency experts?
« Reply #5 on: Thu, 27 August 2020, 21:53:33 »
If you can predict that you'd make bank, however in this case, importing anything high value, much less heavy is always lose-lose.

Even if you save $40, you're going to lose most if not all of that on shipping and customs.
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