Loonie Plunges below 2005 levels

[Cactus Jack]

This is more like it! 85 cents is pretty good. I was in the US and got bent over the couch on the extra rate last month. This a healthy level for both the general population and exporters. I can live with 85cents.

This leads to my question: when travelling, what's the best way to buy foreign currency? I'm going to Brazil for the holidays and don't want to buy US$ and then Brazilian reais because you get screwed on the double conversion. Is withdrawing large sums from a bank machine (to minimize the effect of the standard $3 withdraw fee or whatever it is) the best way to go? That way you get the standard bank rate and that's it? I think the bank rate is probably as good as any conversion house, right?
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YAMAHA XT 350 SPECIFICATIONS

[Dion]

Originally Posted by Cactus Jack

This is more like it! 85 cents is pretty good. I was in the US and got bent over the couch on the extra rate last month. This a healthy level for both the general population and exporters. I can live with 85cents.

This leads to my question: when travelling, what's the best way to buy foreign currency? I'm going to Brazil for the holidays and don't want to buy US$ and then Brazilian reais because you get screwed on the double conversion. Is withdrawing large sums from a bank machine (to minimize the effect of the standard $3 withdraw fee or whatever it is) the best way to go? That way you get the standard bank rate and that's it? I think the bank rate is probably as good as any conversion house, right?

To avoid getting bent over the couch in the future start up a US dollar account and stock up when the dollar is doing well.

[Cactus Jack]

^^^ Ok, but otherwise what is the best course of action in the short term?
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