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Old December 4th, 2008, 03:57 AM
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SleightOfHand SleightOfHand is offline
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Default Currency Exchange
What is the best way to exchange american dollars into canadian ones?
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Old December 4th, 2008, 06:54 AM
21forme 21forme is offline
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What is the best way to exchange american dollars into canadian ones?
In my experience, using an ATM in your destination country yields the best exchange rate.
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Old December 4th, 2008, 10:08 AM
SystemsTrader SystemsTrader is offline
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What is the best way to exchange american dollars into canadian ones?
Shop around. Call both your bank and the casino you will be going to for their rates. Some casinos have very competitive rates, I guess they figure they will make it back off the games. Places to avoid are airport currency exchanges and those currency booths in tourist traps, like Niagara Falls.
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Old December 4th, 2008, 10:33 AM
actuary actuary is offline
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The best way is to hook up with a friend across the border and do an exchange at the mid-market rate. That way, both parties are winners. I used to do this all the time with my friends/family members as I worked in the US but lived in Canada.
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Old December 5th, 2008, 12:50 PM
Martin Gayle Martin Gayle is offline
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The best is to have a bank account in USD and CAD and switch back and forth.

Windsor Casino and Niagara Seneca have the best exchange rates at their respective ends of Lake Erie.
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Old December 5th, 2008, 02:53 PM
johndoe johndoe is offline
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Anyone have similar tips for Europe?
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Old December 5th, 2008, 03:19 PM
21forme 21forme is offline
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Anyone have similar tips for Europe?
See my tip above. ATM is the way to go.
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Old December 6th, 2008, 01:17 AM
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The best is to have a bank account in USD and CAD and switch back and forth.

Windsor Casino and Niagara Seneca have the best exchange rates at their respective ends of Lake Erie.
Hmmm having a bank account in Canada would also allow me to gamble online, yes? Is it even worth it to bonus hustle anymore?
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Old December 7th, 2008, 10:23 AM
Martin Gayle Martin Gayle is offline
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In my experience, using an ATM in your destination country yields the best exchange rate.
The exchange rates are good but I know the usage fees on Canadian cards in the USA are almost userous. $1.50 another $4.50 for int'l transaction.

When exchanging currency you must know the market rate and make sure the vig between buying and selling is less than the advantage you expect to play with. Otherwise an AP has no reason to cross the border. Even banks in Canada will not buy and sell currency at the same rate.
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Old December 7th, 2008, 10:26 AM
Martin Gayle Martin Gayle is offline
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Hmmm having a bank account in Canada would also allow me to gamble online, yes? Is it even worth it to bonus hustle anymore?

Probably not worth it.

Can't you gamble online with a US bank account/credit card?
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