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  Canada Immigration Forum > About Canada > Financial Planning > Conversion of saudi riyals in to CAD or USD???
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Conversion of saudi riyals in to CAD or USD???




Hello Seniors,
Landing soon in Toronto. My final settlement funds are in saudi riyals currency.Should I convert my funds in to canadian dollars or US dollars.
Please suggest.Planing to carry 5000 cad cash anyhow.
Thank you

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Love is the hunger of human soul & devine beauty..love our fellow indians.

 
venkatcan

Junior Desi
Member since: Jul 04
Posts: 36
Location: Toronto

Post ID: 24559 07-09-04 07:40:31
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biomed
Senior Desi
Member since: Jul 03




Posts: 700
Location: Mississauga, Ontario


I would suggest CAD!
Thanks and regards.
Biomed

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"Change before you have to" : Jack Welch

 
Post ID: 24573 07-09-04 10:09:44
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venkatcan
Junior Desi
Member since: Jul 04




Posts: 36
Location: Toronto

Currency conversion related before entry to canada
Thank you mr Biomed.
I would like get one more clarification sir. In the last three months,CAD apprecited against Saudi Riyal considerably. (1CAD=2.7 to 2.91 Saudi Riyals) whereas USD to Saudi Riyal has been maintained constant (1USD=3.756 Saudi Riyals) .
I have to convert my savings to either CAD or USD from Saudi Riyals.

In this context,please suggest me sir what is the best option ,conversion to CAD or USD???

Thank you, with best regards,

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Love is the hunger of human soul & devine beauty..love our fellow indians.

 
Last edited by: venkatcan on 19-09-04 02:20:37
Post ID: 25893 19-09-04 02:19:16
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Manasvi
Senior Desi
Member since: Sep 03




Posts: 733
Location: Bahrain


If u r planning 4 a small visit 2 canada USD

If permanent stay is envisaged then CAD .

Taking USD s will be better as for 1 they r universally acceptable(even in Canada) and for 2 u may get a better rate for USD than CAD in KSA.

Better carry in USD 100/- TCs if not in Draft.

Manasvi.


 
Post ID: 25897 19-09-04 06:32:48
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