Is that a good deal or not?
2006-08-13 09:26:58 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
How much would that fee for converting the currency be?
2006-08-13 09:33:07 · update #1
Exchange rates are not expressed as a percentage, but as a ratio.
Today's rate is US $ 1.00 = CAD $1.12 so US $10.00 = CAD $11.20.
Allowing for the currency exchange charges, you'd get something less than CAD $11.20 for your 10 bucks -- probably somewhere between $10.50 and $11.00 Canadian.
2006-08-13 09:34:59 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Exchange rates are not quoted as a percent. The current rate is about $1.25 Canadian to $1.00 U.S. Or an exchange rate of 1.25. Some money exchanges charge a percentage as a commission. If the commission was 10% then the rate would b e 1.25 - .125 or 1.125. Also you must understand that the rates are different for buying and selling currencies or the money exchange would not make anything.
2006-08-13 09:39:22 · answer #2 · answered by Barkley Hound 7 · 0⤊ 0⤋
$11. However, most places will charge a fee for converting the currency.
2006-08-13 09:31:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The values adjustments actually by utilising the minute. it is predicated on the replace cost between Canada and the u . s .. you will additionally discover the cost is different in case you have Canadian and decide for to purchase US or in case you have US and decide for to sell it to get CAD. observe there are preferential expenditures given based on the quantity of money you're replacing one thousand.01 gets you a greater useful cost than 999.ninety 9.
2016-11-04 12:24:39 · answer #4 · answered by awad 4 · 0⤊ 0⤋
$11. Obviously. But with fees for converting currency, I'd say about $10.75 or so. Live the wild life and do it! ;)
2006-08-13 09:37:06 · answer #5 · answered by melaniecampbell 3 · 0⤊ 0⤋
$11.00. And that's not a good deal due to the US Dollar's poor value right now in the marketplace.
2006-08-13 09:29:23 · answer #6 · answered by eagleboy225 3 · 0⤊ 0⤋
My converter say it is worth $11.260 Canadian. Sure, be crazy and do it.
2006-08-13 09:31:11 · answer #7 · answered by Dude 4 · 0⤊ 0⤋
Well American money is worth more then Canadian.
2006-08-13 09:31:01 · answer #8 · answered by Anonymous · 0⤊ 1⤋
$11.00. For current exchange rates, check out:
http://www.xe.com
2006-08-13 09:30:14 · answer #9 · answered by Mimi 4 · 0⤊ 0⤋