Currency Conversion - Canada - TravelPUNK Backpacker College Student Budget Travel Message Boards!



Go Back   TravelPUNK Backpacker College Student Budget Travel Message Boards! > Members Lounge > General Travel Tips, Education, Advice > Travel Budget, Money Matters, Financial Talk

Travel Budget, Money Matters, Financial Talk Mom, can I borrow ten grand?! Gimme yo mastercard! How the heck can I pay for my trip?! Ideas for making money. How much dough do I need?

Raileurope.com: See Europe by train
Reply
 
LinkBack Thread Tools Display Modes
Old 05-02-2006, 01:30 PM   #1
Members
 
Join Date: Dec 2005
Posts: 16
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Where would I get a better exchange rate for converting Canadian to Pounds or Euros?

Should I change them here in Vancouver at
a) local bank
B) currency exchange places
c) airport

or in London at any of the above?

Looking for the best rates possible.
The Canadian dollar just went up to 90. YEA! Buying power.
karoshi is offline   Reply With Quote
Old 05-02-2006, 01:33 PM   #2
Yoda
 
space virgin's Avatar
 
Join Date: Jan 2004
Location: Hell
Posts: 5,533
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Don't do it here. Wait til you get there and either go into a bank (a bit of a pain in the ass) or just use an ATM machine. The Bureau de Change is an *okay* rate but the ATM is way better.

__________________
Various bloggings (Version 2.0)
space virgin is offline   Reply With Quote
Old 05-02-2006, 02:33 PM   #3
 
Join Date: Nov 2004
Location: New York, NY & The Road
Posts: 1,451
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to xanthuos Send a message via MSN to xanthuos Send a message via Yahoo to xanthuos
Default

Quote:
Originally posted by karoshi@May 2 2006, 03:30 PM
The Canadian dollar just went up to 90. YEA! Buying power.
[snapback]117033[/snapback]
If I'm not correct, the Canadian dollar has rallied against the US dollar - NOT European currencies. So just make sure you have a realistic conversation rate in your head before you go over there.
__________________
Regards,
Matthew
xanthuos is offline   Reply With Quote
Old 05-02-2006, 04:33 PM   #4
Drifter in the making.
 
MolsonGirl's Avatar
 
Join Date: Feb 2004
Location: The Bubble, Ontario
Posts: 2,069
Thanks: 0
Thanked 0 Times in 0 Posts
Default

I think the last time I checked it was at 2.1 or 2.2 to the pound...

www.x-rates.com
__________________

I will not say that your mulberry-trees are dead, but I am afraid they are not alive.
~ Jane Austen in a Letter (1811-05-31)
MolsonGirl is offline   Reply With Quote
Old 05-03-2006, 02:08 AM   #5
TPunk Emeritus
 
Join Date: Feb 2004
Posts: 2,115
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Generally ATMs give the best rate of exchange, but of course there are user fees... Not as much as the commissions at bureaux de change, though. I'd get some (maybe $100 - $200) worth of Euro and Pounds before you go, so that you have some cash for immediate needs - transit, food, etc. when you first arrive in country. If you can talk your way into getting change or small bills, so much the better, though probably a 20 is the best you'll be able to manage. That's okay, it's easy to get change once you're there.

This takes the urgency out of finding a bank machine when you are tired and swamped with tons of new information all at once. But that works too, in a pinch. I just don't like showing up with empty pockets - seems like I always need money before I can find an ATM.


tumblezweedz is offline   Reply With Quote
Old 05-03-2006, 03:12 AM   #6
TPunk Emeritus
 
Canadian Dude's Avatar
 
Join Date: Jun 2003
Location: Canada
Posts: 2,709
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Quote:
If I'm not correct, the Canadian dollar has rallied against the US dollar - NOT European currencies. So just make sure you have a realistic conversation rate in your head before you go over there.
Great point!
__________________
"The father who does not teach his son his duties is equally guilty with the son who neglects them." Confucius
Support Travelpunk.com by Booking Your Hostel Here

Canadian Dude is offline   Reply With Quote
Old 05-04-2006, 02:04 PM   #7
Members
 
Join Date: Dec 2005
Posts: 16
Thanks: 0
Thanked 0 Times in 0 Posts
Default

If the dollar is equivalent in strength to the US dollar, does that not translate into a better rate of exchange against the Euro?

That was my impression anyway
but please do correct me if i'm wrong.
karoshi is offline   Reply With Quote
Old 05-04-2006, 02:24 PM   #8
 
Join Date: Nov 2004
Location: New York, NY & The Road
Posts: 1,451
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to xanthuos Send a message via MSN to xanthuos Send a message via Yahoo to xanthuos
Default

Quote:
Originally posted by karoshi@May 4 2006, 04:04 PM
If the dollar is equivalent in strength to the US dollar, does that not translate into a better rate of exchange against the Euro?

That was my impression anyway
but please do correct me if i'm wrong.
[snapback]117841[/snapback]
Not quite...the US dollar has been steadily declining against the Euro for some time, since the US government is running such incredibly high deficits...so that means a worse exchange rate against the Euro.

As foreign governments, especially China, switch their foreign currency holding from USD to Euros...the dollar will continue to tank.
__________________
Regards,
Matthew
xanthuos is offline   Reply With Quote
Reply






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 On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
One Asian currency to another via the $ persianpower Travel Budget, Money Matters, Financial Talk 3 01-24-2006 10:33 AM
currency exchange finkle55 Travel Budget, Money Matters, Financial Talk 26 04-09-2005 11:25 AM
currency exchange games urOZm8 Travel Budget, Money Matters, Financial Talk 1 10-24-2004 09:11 PM
BOARD CONVERSION tony General Discussions 0 12-31-1969 05:00 PM


All times are GMT -7. The time now is 11:33 PM.



 

Search Engine Optimization by vBSEO 3.2.0

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121