Loonie on the way to parity with USD- 12 Oct. 2009

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tamilkuravan
Member since: Jun 05

Posts: 5775
Location: God's own country
Post ID: #PID

Posted on: 12-10-09 22:39:09

Guys,
This is to inform you that the Loonie is at 96.70 cents to the once mighty USD. It is expected to reach parity within this weekend. This is due to the strength of the commodity sector as well as due to the weakness of the USD. Oil is also expected to rise this week.
This is a Tip to the Forex traders as well as to people to have an abundance of CAD or USD to make some short term decisions to get some neat and tidy profit.
OTOH, I would appriciate if someone told me to what currency that I should change my CAD to get some very good short term as well as long term benefits. USD is too volatile to take the risk.

Peace by a PD

-----------------------------------------------------------------
I am a Gents and not a Ladies.

benparsad
Member since: Jan 06

Posts: 412
Location:
Post ID: #PID

Posted on: 13-10-09 07:05:17

This is a Tip to the Forex traders as well as to people to have an abundance of CAD or USD to make some short term decisions to get some neat and tidy profit.
_____________________________

I believe, only CAD may help in this situation (buying USD). I have some (not abundance) USD. How I can proceed to make some profit starting with USDs?

-Ben

mkannuri
Member since: Nov 06

Posts: 409
Location:
Post ID: #PID

Posted on: 13-10-09 11:46:46

Quote:
Originally posted by tamilkuravan

Guys,
This is to inform you that the Loonie is at 96.70 cents to the once mighty USD. It is expected to reach parity within this weekend. This is due to the strength of the commodity sector as well as due to the weakness of the USD. Oil is also expected to rise this week.
This is a Tip to the Forex traders as well as to people to have an abundance of CAD or USD to make some short term decisions to get some neat and tidy profit.
OTOH, I would appriciate if someone told me to what currency that I should change my CAD to get some very good short term as well as long term benefits. USD is too volatile to take the risk.

Peace by a PD

Thanks tk,
yes i was following as well..but not interms of trading benefits. I am looking to change few grands of CAD into USD for future travel expenses.
I am looking for the best/low commision way to exchange my CAD into USD
any suggestions other than from bank
cheers

-----------------------------------------------------------------
MK

NM
Member since: Jan 09

Posts: 180
Location:
Post ID: #PID

Posted on: 13-10-09 12:18:30

UAE exchange centre is opened in missisauga.

You will get a better rate there compared to Bank.

mkannuri
Member since: Nov 06

Posts: 409
Location:
Post ID: #PID

Posted on: 13-10-09 12:33:25

Quote:
Originally posted by NM

UAE exchange centre is opened in missisauga.

You will get a better rate there compared to Bank.

thanks NM,
can you give us more info..such as a link or address/phone no to contact them.
Btw, do they match the XE rate or better than banks..
I believe XE rate is mid market and more than bank rate.
rgds

-----------------------------------------------------------------
MK

northyork_desi
Member since: Apr 09

Posts: 290
Location:
Post ID: #PID

Posted on: 13-10-09 13:07:59

Brampton
2-279 Queens Street East Brampton,
Ontario L6W2C2
Contact Person : Mr. Ahsan Jamil
Tel : +1-905 487 1383
Fax : +1-905-4871386
Email : gurpreet.singh@ca.uaeexchange.com
Working Hours : Mon � Sat:09:00 - 20:00 & Sun:12:00 -18:00 Hrs

Rexdale, Toronto
1056 , Albion Road Rexdale
Toronto , M9V 1A7
Contact Person : Mr. Gaurav Dwivedi
Tel : +1-647 427 5066
Fax :
Email : gurpreet.singh@ca.uaeexchange.com
Working Hours : Mon � Sat:08:00 - 19:00 & Sun:11:00 -17:00 Hrs

http://www.uaeexchange.com/uaexchange.php?cat=5&id=3

NM
Member since: Jan 09

Posts: 180
Location:
Post ID: #PID

Posted on: 13-10-09 13:34:45

If you intend changing big amount, i would advise you to go for taking spot rate in http://www.oanda.com" rel="nofollow">LINK or http://www.xe.com" rel="nofollow">LINK

This takes few days, you will have to remit CAD to them first, then on your advice, they will convert it into USD and send it back to your bank a/c using spot rate.

Spot rate changes on daily basis. You have to check the rates in their website.

Contributors: mkannuri(3) ftfl(3) febpreet(2) desi-friend(2) pranavshah77(2) NM(2) Cougar(1) kapilmalik(1) tamilkuravan(1) rajcanada(1) benparsad(1) JRF(1) Kalpna(1) investpro(1) northyork_desi(1) yu203967(1)

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