Jump to content
Sign in to follow this  
redBlue

when is the good time to transfer CAD to US$

44 posts in this topic

Recommended Posts

Filed: IR-1/CR-1 Visa Country: Canada
Timeline

I remember that similar subject was being discuseed recently,but I can't find the threat.

So when is the best time to convert CAD to US these days?Should we wait untill at the end of the summer or begining of fall?

I've been watching out US $ for couple of months and it's getting better to do the convertaion but not quite yet.

Any thought on that would be appriciated it.

Thnx


I-130 Journey

04-18-09 - I-130 sent USPS Priority to Chicago Lockbox

04-24-09 - I-130 received by USCS and the first touch

04-27-09 - I-130 NOA1 (California Service Center)

04-27-09 - Check Cashed

08-13-09 - I-130 Received NOA2 e-mail

08-17-09 - I-130 Received NOA2 Hardcopy (I-797)

NVC Journey

08-17-09 - NVC Received/Case number assigned

09-08-09 - NVC sent the first mail to the petitioner

09-08-09 - DS-3032 / AOS Bill Generated

09-08-09 - E-mailed DS-3032

09-09-09 - Mailed DS-3032

09-09-09 - Pay AOS Bill (Online)

09-10-09 - AOS Bill Show as PAID

09-10-09 - IV Bill Generated

09-11-09 - Paid IV Bill

09-11-09 - NVC accepted DS-3032(received an e-mail)

09-12-09 - Mailed I-864 Package

09-14-09 - IV Bill Show as PAID

09-15-09 - I-864 received at NVC

09-16-09 - Mailed IV Package(DS-230)

09-17-09 - DS-230 package delivered to NVC(confirmed via fed-ex)

09-21-09 - NVC received the DS-230

09-23-09 - NVC sent an e-mail asking for DS-230 package

09-24-09 - NVC confirmed that the DS-230 package received

09-26-09 - Login Failed!!!

09-28-09 - Case Completed at NVC --------------------------------------------------NVC stage is completed in 38 days

01-27-10 - Medical

02-05-10 - Interview Date

04-14-10 - POE

Done with USCIS until Apr 14,2012 (Removal of Conditions)

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Canada
Timeline

I guess just keep checking the exchange... can't really predict a date that it will be better.... I am hoping for it to improve too as I have $$ that I want to get over here


K-1

I-129F sent to Vermont: 2/19/08

NOA1: 2/21/08

NOA2: 3/10/08

Packet 3 recd: 3/25/08

Packet 3 sent: 4/18/08

Appt letter recd: 6/16/08

Interview at Montreal Consulate: 7/10/08 **APPROVED!!**

K1 recd: 7/15/08

US Entry at Buffalo, New York: 11/15/08

Wedding in Philadelphia: 11/22/08

AOS

AOS/EAD/AP filed at Chicago Lockbox: 12/17/08

NOA: 12/29/08

Case transferred to CSC: 1/7/09

AOS Approval: 4/2/09

Biometrics appt: 1/16/09

EAD received: 3/12/09

AP received: 3/13/09

AOS approval notice sent: 4/2/09

GC received: 4/9/09

ROC

Sent package to VSC: 1/5/11

NOA1: 1/7/11

Biometrics: 2/14/11

Approval letter received: 8/1/11

GC received: 8/11/11

Citizenship:

N-400 sent to Dallas lockbox: 3/1/12

NOA1: 3/6/12

Biometrics: 4/9/12

Interview: 5/25/12

Oath Ceremony: 6/4/2012

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Canada
Timeline

I just waited until the rate was pretty good - Fortunately at the time I did it, the rate had swung the opposite way and it worked out really well - do it when you lose the least $$$!


Wiz(USC) and Udella(Cdn & USC!)

Naturalization

02/22/11 - Filed

02/28/11 - NOA

03/28/11 - FP

06/17/11 - status change - scheduled for interview

06/20?/11 - received physical interview letter

07/13/11 - Interview in Fairfax,VA - easiest 10 minutes of my life

07/19/11 - Oath ceremony in Fairfax, VA

******************

Removal of Conditions

12/1/09 - received at VSC

12/2/09 - NOA's for self and daughter

01/12/10 - Biometrics completed

03/15/10 - 10 Green Card Received - self and daughter

******************

Share this post


Link to post
Share on other sites
Filed: K-1 Visa Country: Canada
Timeline

I've been doing it whenever at the moment since I just happen to need money here and there... but I'm sure I've wasted some money.

It went down quite a bit just before I moved and I wish I had withdrawan US cash then... but oh well... there's not way to know you just kind of have to go with the flow. The rate hasn't changed much in the past month... its not terrible, but it could be better.


Removing Conditions

Sent package to VSC - 8/12/11

NOA1 - 8/16/11

Biometrics - 9/14/11

Share this post


Link to post
Share on other sites

The significant exchange yoyo has been quite a pain especially since I still get Canadian employment income. It's impossible to predict and it's also affected by the current stock market trends and price of oil etc. Typically when the markets slump so does the Canadian $ :(

I can only hope and pray for better days .... like please not 45% as it was in early 2003 :(

If you can, its much better to do the exchange at a Canadian bank though. Get a US$ account with them.


Funny-quotes-Daffy-Duck.jpg

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Canada
Timeline

If you're playing the currency game with small amounts of $ it doesn't matter much..... not to mention banks never give the best and market rates. They make $ on currency exchanges.


Current Status
July, 2011 - US Citizen

Share this post


Link to post
Share on other sites
Filed: IR-1/CR-1 Visa Country: Canada
Timeline

Actually I'm not planning to convert any amount at bank,even if it's smaller.I'd like to use Money mart or go to downtown in TO and ask all exchange stores and get a better deal...

Agree,banks are terrible in that sense.


I-130 Journey

04-18-09 - I-130 sent USPS Priority to Chicago Lockbox

04-24-09 - I-130 received by USCS and the first touch

04-27-09 - I-130 NOA1 (California Service Center)

04-27-09 - Check Cashed

08-13-09 - I-130 Received NOA2 e-mail

08-17-09 - I-130 Received NOA2 Hardcopy (I-797)

NVC Journey

08-17-09 - NVC Received/Case number assigned

09-08-09 - NVC sent the first mail to the petitioner

09-08-09 - DS-3032 / AOS Bill Generated

09-08-09 - E-mailed DS-3032

09-09-09 - Mailed DS-3032

09-09-09 - Pay AOS Bill (Online)

09-10-09 - AOS Bill Show as PAID

09-10-09 - IV Bill Generated

09-11-09 - Paid IV Bill

09-11-09 - NVC accepted DS-3032(received an e-mail)

09-12-09 - Mailed I-864 Package

09-14-09 - IV Bill Show as PAID

09-15-09 - I-864 received at NVC

09-16-09 - Mailed IV Package(DS-230)

09-17-09 - DS-230 package delivered to NVC(confirmed via fed-ex)

09-21-09 - NVC received the DS-230

09-23-09 - NVC sent an e-mail asking for DS-230 package

09-24-09 - NVC confirmed that the DS-230 package received

09-26-09 - Login Failed!!!

09-28-09 - Case Completed at NVC --------------------------------------------------NVC stage is completed in 38 days

01-27-10 - Medical

02-05-10 - Interview Date

04-14-10 - POE

Done with USCIS until Apr 14,2012 (Removal of Conditions)

Share this post


Link to post
Share on other sites
Filed: IR-1/CR-1 Visa Country: Canada
Timeline

Love Customhouse.com. Been using it since 2005!! I keep an acct open back in Canada-keep my balance under $1 majority of time, and of course top it up when visiting Canada! Left a bank card with my folks, so if they need to deposit any Cdn $$$, they have access, ya know for birthdays,or they want me to pick something up for them, and then to repay me, use the card! Has come in very handy!!


Canadians Visiting the USA while undergoing the visa process, my free advice:

1) Always tell the TRUTH. never lie to the POE officer

2) Be confident in ur replies

3) keep ur response short and to the point, don't tell ur life story!!

4) look the POE officer in the eye when speaking to them. They are looking for people lieing and have been trained to find them!

5) Pack light! No job resumes with you

6) Bring ties to Canada (letter from employer when ur expected back at work, lease, etc etc)

7) Always be polite, being rude isn't going to get ya anywhere, and could make things worse!!

8) Have a plan in case u do get denied (be polite) It wont harm ur visa application if ur denied,that is if ur polite and didn't lie! Refer to #1

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Canada
Timeline
Love Customhouse.com. Been using it since 2005!! I keep an acct open back in Canada-keep my balance under $1 majority of time, and of course top it up when visiting Canada! Left a bank card with my folks, so if they need to deposit any Cdn $$$, they have access, ya know for birthdays,or they want me to pick something up for them, and then to repay me, use the card! Has come in very handy!!

I (L) Customhouse, makes life easier for me!


K-1

I-129F sent to Vermont: 2/19/08

NOA1: 2/21/08

NOA2: 3/10/08

Packet 3 recd: 3/25/08

Packet 3 sent: 4/18/08

Appt letter recd: 6/16/08

Interview at Montreal Consulate: 7/10/08 **APPROVED!!**

K1 recd: 7/15/08

US Entry at Buffalo, New York: 11/15/08

Wedding in Philadelphia: 11/22/08

AOS

AOS/EAD/AP filed at Chicago Lockbox: 12/17/08

NOA: 12/29/08

Case transferred to CSC: 1/7/09

AOS Approval: 4/2/09

Biometrics appt: 1/16/09

EAD received: 3/12/09

AP received: 3/13/09

AOS approval notice sent: 4/2/09

GC received: 4/9/09

ROC

Sent package to VSC: 1/5/11

NOA1: 1/7/11

Biometrics: 2/14/11

Approval letter received: 8/1/11

GC received: 8/11/11

Citizenship:

N-400 sent to Dallas lockbox: 3/1/12

NOA1: 3/6/12

Biometrics: 4/9/12

Interview: 5/25/12

Oath Ceremony: 6/4/2012

Share this post


Link to post
Share on other sites
Filed: IR-1/CR-1 Visa Country: Canada
Timeline
Love Customhouse.com. Been using it since 2005!! I keep an acct open back in Canada-keep my balance under $1 majority of time, and of course top it up when visiting Canada! Left a bank card with my folks, so if they need to deposit any Cdn $$$, they have access, ya know for birthdays,or they want me to pick something up for them, and then to repay me, use the card! Has come in very handy!!

so when u compare their rates with other places,is it a good deal?


I-130 Journey

04-18-09 - I-130 sent USPS Priority to Chicago Lockbox

04-24-09 - I-130 received by USCS and the first touch

04-27-09 - I-130 NOA1 (California Service Center)

04-27-09 - Check Cashed

08-13-09 - I-130 Received NOA2 e-mail

08-17-09 - I-130 Received NOA2 Hardcopy (I-797)

NVC Journey

08-17-09 - NVC Received/Case number assigned

09-08-09 - NVC sent the first mail to the petitioner

09-08-09 - DS-3032 / AOS Bill Generated

09-08-09 - E-mailed DS-3032

09-09-09 - Mailed DS-3032

09-09-09 - Pay AOS Bill (Online)

09-10-09 - AOS Bill Show as PAID

09-10-09 - IV Bill Generated

09-11-09 - Paid IV Bill

09-11-09 - NVC accepted DS-3032(received an e-mail)

09-12-09 - Mailed I-864 Package

09-14-09 - IV Bill Show as PAID

09-15-09 - I-864 received at NVC

09-16-09 - Mailed IV Package(DS-230)

09-17-09 - DS-230 package delivered to NVC(confirmed via fed-ex)

09-21-09 - NVC received the DS-230

09-23-09 - NVC sent an e-mail asking for DS-230 package

09-24-09 - NVC confirmed that the DS-230 package received

09-26-09 - Login Failed!!!

09-28-09 - Case Completed at NVC --------------------------------------------------NVC stage is completed in 38 days

01-27-10 - Medical

02-05-10 - Interview Date

04-14-10 - POE

Done with USCIS until Apr 14,2012 (Removal of Conditions)

Share this post


Link to post
Share on other sites
Filed: Citizen (apr) Country: Canada
Timeline
Love Customhouse.com. Been using it since 2005!! I keep an acct open back in Canada-keep my balance under $1 majority of time, and of course top it up when visiting Canada! Left a bank card with my folks, so if they need to deposit any Cdn $$$, they have access, ya know for birthdays,or they want me to pick something up for them, and then to repay me, use the card! Has come in very handy!!

so when u compare their rates with other places,is it a good deal?

:yes: Plus it's FREE!!


K-1

I-129F sent to Vermont: 2/19/08

NOA1: 2/21/08

NOA2: 3/10/08

Packet 3 recd: 3/25/08

Packet 3 sent: 4/18/08

Appt letter recd: 6/16/08

Interview at Montreal Consulate: 7/10/08 **APPROVED!!**

K1 recd: 7/15/08

US Entry at Buffalo, New York: 11/15/08

Wedding in Philadelphia: 11/22/08

AOS

AOS/EAD/AP filed at Chicago Lockbox: 12/17/08

NOA: 12/29/08

Case transferred to CSC: 1/7/09

AOS Approval: 4/2/09

Biometrics appt: 1/16/09

EAD received: 3/12/09

AP received: 3/13/09

AOS approval notice sent: 4/2/09

GC received: 4/9/09

ROC

Sent package to VSC: 1/5/11

NOA1: 1/7/11

Biometrics: 2/14/11

Approval letter received: 8/1/11

GC received: 8/11/11

Citizenship:

N-400 sent to Dallas lockbox: 3/1/12

NOA1: 3/6/12

Biometrics: 4/9/12

Interview: 5/25/12

Oath Ceremony: 6/4/2012

Share this post


Link to post
Share on other sites
Filed: IR-1/CR-1 Visa Country: Canada
Timeline

I to compare CH rates to what Wachovia would give me--and CH was always better! As well I checked what Bank of Montreal would give me a few times, and again CH was better!

Some banks may not charge you a fee, BUT their exchange rate may be sub par! Some will charge a fee and the rate sub par,lol

What i found truly frustrating with American banks when it came to giving them a Cdn cheque, was that 99% of the staff was clueless!! Some would try to charge me a fee, up to $75!!! 1 time i thought it all went well,BUT 2 weeks later in the mail, i recieved the cheques back, stating since they were less than $200 in total, I couldnt cash them, and they just debited my account for the amt of the cheques! I learned to goto the same Wachovia branc, and deal with ONE teller. if she wasn't there, I just left,lol Then I found CH!! ahhhhh relief!!

Edited by flames9

Canadians Visiting the USA while undergoing the visa process, my free advice:

1) Always tell the TRUTH. never lie to the POE officer

2) Be confident in ur replies

3) keep ur response short and to the point, don't tell ur life story!!

4) look the POE officer in the eye when speaking to them. They are looking for people lieing and have been trained to find them!

5) Pack light! No job resumes with you

6) Bring ties to Canada (letter from employer when ur expected back at work, lease, etc etc)

7) Always be polite, being rude isn't going to get ya anywhere, and could make things worse!!

8) Have a plan in case u do get denied (be polite) It wont harm ur visa application if ur denied,that is if ur polite and didn't lie! Refer to #1

Share this post


Link to post
Share on other sites
Filed: Timeline
so when u compare their rates with other places,is it a good deal?

Basically, it cuts out the middleman. Think wholesale as opposed to retail. CH works with a fluctuating exchange rate. The banks pick one rate for the day and stick with it. Then they add on their revenue markup. In contrast, Custom House follows the market throughout the day, so you can pick a preferred exchange rate and they will contact you when it reaches that point. Or, if you're just doing a small trade, you can refresh the exchange rate and then decide when to lock in. What happened with me was the broker basically watched the market for me (this is for large $$ amounts only), then called when he perceived that this was the best exchange rate for my situation. They're a fabulous organization.


iagree.gif

Share this post


Link to post
Share on other sites
 
Didn't find the answer you were looking for? Ask our VJ Immigration Lawyers.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  
- Back to Top -


Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...