Conversion of saudi riyals in to CAD or USD???

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venkatcan
Member since: Jul 04

Posts: 36
Location: Toronto
Post ID: #PID

Posted on: 07-09-04 07:40:31

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.

biomed
Member since: Jul 03

Posts: 700
Location: Mississauga, Ontario
Post ID: #PID

Posted on: 07-09-04 10:09:44

I would suggest CAD!
Thanks and regards.
Biomed

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"Change before you have to" : Jack Welch

venkatcan
Member since: Jul 04

Posts: 36
Location: Toronto
Post ID: #PID

Posted on: 19-09-04 02:19:16

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.

Manasvi
Member since: Sep 03

Posts: 733
Location: Bahrain
Post ID: #PID

Posted on: 19-09-04 06:32:48

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.

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