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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (48284)	8/23/2000 1:33:44 AM
From: Mephisto	Read Replies (1) \| Respond to of 94695

When I took a short vacation to Yukon, in the North West Territories, one bank told me that I would have to pay a service charge. The other bank that I visited gave me an exchange rate that was comparable to what I expected based on exchange rates issues daily in national newspapers. In Vancouver, BC, I think the branch banks are the problem. I've been ripped off twice. If you go to the main downtown branch of the large banks, I believe you will have less trouble. Last two places I visited were branch banks where I offered cash for exchange. Both tellers who were men asked me if I had an account. I didn't. In both instances, the male teller, with shifty eyes, looked over my head to someone in charge who gave him the okay sign. In neither instance, did I get an exchange rate that was based on daily newspaper quotes. I would have been better off if I had exchanged my money in the States. A word of caution: I dressed like a tourist. In the past, my husband and I often took a group up to Vancouver Island for scuba diving trips every September for four or five years. We always exchanged our American cash for a Canadian draft in Vancouver. Several times we were sent to the bank's main office in downtown Vancouver, because we carried a great deal of cash. We always got a fair exchange. So, I want only to warn you that you should check on the exchange rates b4 you leave the States. When we exchanged money for our scuba trips, I actually phoned the main downtown office of several banks to make sure that we got the best deal. I don't know if this is true, but people have told me that if you use your VISA card, you generally get a good rate of exchange, and, in our experience, we have not found any reason to argue with VISA's exchange rate. Of course, when you travel, you always need small sums of money in the local currency. I guess it all depends on how much local currency you believe you will need, and, if your trip is brief, you and your wife may not consider the exchange rate a big deal. But, I'm ANGRY ~ always~ when I've been ripped off. M.... PS: if you look for hotels in Vancouver, drop me a PM