Dollar Just hit 97 cents!!!!

[sk8jdgca]

i just exchanged 100 CAD and got 100.50 USD-

 

[mousy_in_canada]

I got $300 usd and paid 303.26.. I was shocked!

 

[highland3]

This is going to take some getting use to!!!!!!

 

[Rescue Ranger]

I'm on overload here, this vacation keeps getting more exciting…the initial vacation, multi-day Magic your Way ticket deals, discovering the wonders of the dining plan and now this, it just keeps on getting better

Whats next

 

[F4disneyfan]

www.xe.com

Live rates at 2007.09.28 22:44:21 UTC
100.00 CAD = 100.786 USD
Canada Dollars United States Dollars
1 CAD = 1.00786 USD 1 USD = 0.992200 CAD

 

[RedRuby]

www.xe.com

Live rates at 2007.09.28 22:44:21 UTC
100.00 CAD = 100.786 USD
Canada Dollars United States Dollars
1 CAD = 1.00786 USD 1 USD = 0.992200 CAD

The only quandry that this high dollar poses for me, is *when* to tell Disney to charge our credit cards with the balance of our packages. We were planning on doing it in mid-October (must pay in full by Oct 25). If it seems likely that the Cdn dollar will keep climbing, I'll hold off until then.

If, OTOH, it's likely the dollar will fluctuate, I need to figure out when to cut my losses (gains?;-) ), and have it charged before the dollar moves downward again.

Any financial wizards out there with a good guess? Or, for those playing along at home, what would you do? (We've got a collective balance of over $4600, so a 0.5-1% difference won't break the bank, but it isn't chump change either.)

 

[F4disneyfan]

The only quandry that this high dollar poses for me, is *when* to tell Disney to charge our credit cards with the balance of our packages. We were planning on doing it in mid-October (must pay in full by Oct 25). If it seems likely that the Cdn dollar will keep climbing, I'll hold off until then.

If, OTOH, it's likely the dollar will fluctuate, I need to figure out when to cut my losses (gains?;-) ), and have it charged before the dollar moves downward again.

Any financial wizards out there with a good guess? Or, for those playing along at home, what would you do? (We've got a collective balance of over $4600, so a 0.5-1% difference won't break the bank, but it isn't chump change either.)

Our economists from RBC and TD are stating that the dollar should hit 1.03 by mid Q4 and possibly higher.

 

[RedRuby]

Our economists from RBC and TD are stating that the dollar should hit 1.03 by mid Q4 and possibly higher.

Ooh, thanks v. much! It looks like my strategy of hanging on as long as possible (without losing my ressie, of course!) is a good one. Not sure it's so good for the economy overall, but the jury's still out on that ....

 

[LittleFlounder]

Our economists from RBC and TD are stating that the dollar should hit 1.03 by mid Q4 and possibly higher.

This might be a silly question, but what is "Q4"?

I'm in the same boat... I don't know if I should be buying my U.S. dollars for my Nov. trip now, or waiting a little while.

 

[farmergirl]

Hi there, this may be a silly question but can somebody tell me if you purchace a DVC right now..will these exchange rates be locked in or how does it work? Thanks in advance!

 

[BitsnBearsMom]

Hi there, this may be a silly question but can somebody tell me if you purchace a DVC right now..will these exchange rates be locked in or how does it work? Thanks in advance!

You would have to arrange financing in Canada and exchange the money here and send it through. Or use a Credit card if your cardholder exchange rates are good! If you arrange financing through DVC then you will pay whatever the exchange rate is on your payment date. Clear as mud??

 

[farmergirl]

So since Ontario is the only province that you can purchace it from home and I am not from Ontario I would have to arrange financing ahead of time before I went down there or I won't be able to do anything...is this correct? Does anyone even understand what I just said....lol I don't...lol

 

[F4disneyfan]

So since Ontario is the only province that you can purchace it from home and I am not from Ontario I would have to arrange financing ahead of time before I went down there or I won't be able to do anything...is this correct? Does anyone even understand what I just said....lol I don't...lol

Yes you would have to set up a line of credit or something along those lines then take a moneyorder or certified cheque with you or if you could write a cheque from the line you could do that.

 

[F4disneyfan]

This might be a silly question, but what is "Q4"?

I'm in the same boat... I don't know if I should be buying my U.S. dollars for my Nov. trip now, or waiting a little while.

Q4 is also known as the fourth quarter for fiscal years.

 

[farmergirl]

Yes you would have to set up a line of credit or something along those lines then take a moneyorder or certified cheque with you or if you could write a cheque from the line you could do that.

So DVC will accept cheques from Canadian residents?

 

[vy2cga]

At the market close Friday afternoon, the Canadian dollar has closed above parity with U.S. dollar for first time since November, 1976, closing up two-thirds of a cent at $1.0052 (U.S.). This will make Disney look even better, now if only the airfare would go down.

 

[disneyholic family]

according to the cross rate i'm looking at right now on yahoo, the canadian dollar is ABOVE the US dollar!!!!!!!!!!!!!!!!!

one Canadian dollar is US$1.0056

OMG!!! is all i have to say....

 

[F4disneyfan]

So DVC will accept cheques from Canadian residents?

As far as I remember they will if not then get it as a US draft.

 

[who's ur daddy?]

Brother in law works for a bank, so I tagged along and got their employee rate.

USD$1,000 cost me Cdn$995. DID YOU READ THAT?! It cost me less in Canadian funds to get the U.S. funds. That's whacked (in the best possible way)!

 

[Wazzo]

USD$1,000 cost me Cdn$995. DID YOU READ THAT?! It cost me less in Canadian funds to get the U.S. funds. That's whacked (in the best possible way)!