CDN players - how are you dealling with the low US dollar?

mephisto · #1 11-07-2007, 01:57 PM

I'm planning on making a withdrawal soon but the exchange rate looks uglyyyyyyy. For fun I wanted to know how much $50 on PP would give me in CDN after a $2.50 fee at 1.04 and it was $43.... I don't even want to check it now. It's a bad time right now for CDN players relying on poker to pay bills at the moment.

How are you dealing with it?

cardman · #2 11-07-2007, 02:10 PM

U.S. dollar please stop falling. PLEASE...

The Canadian dollar has risen 27% this year.

mocky · #3 11-07-2007, 02:28 PM

I withdrew $300 USD from my moneybookers acc last week $259 CAD hit my account today this sucks.

Kinja · #4 11-07-2007, 03:44 PM

Yes the exchange sucks, recently cashed out 15k to start a new Pizza delivery gig and WOW!!!! 13,480.69 after fees and all the bull. The good ol' days are long gone with the USD.
They say the USD won't be gaining any ground in the near future as well, so get used to it and i would exchange your funds as soon as you ge them b4 the USD drops even lower.

-zero- · #5 11-07-2007, 03:55 PM

I cry myself to sleep every night.

mephisto · #6 11-07-2007, 04:04 PM

It's so bad too especially since Dodge told the media a week or two ago that the CDN dollar was overvalued. I'm just going to wait and see for now where the dollar settles at. We are too tied to the US economy without having this affect us negatively.

traz · #7 11-07-2007, 05:46 PM

[ QUOTE ]
I cry myself to sleep every night.

[/ QUOTE ]

yea seriously

Chaser8 · #8 11-07-2007, 11:51 PM

[ QUOTE ]
I cry myself to sleep every night.

[/ QUOTE ]

LOL that was pretty much what I thought of saying right when I read the OP.

newstop · #9 11-07-2007, 07:22 PM

I work in an investment bank in Toronto. The feeling is from the experts, that, the Canadian central bank is going to lower interest rates and bring the dollar down. The high dollar is hurting the manufacturing and export sectors too much. So if anyone doesnt need the money immediately, I would leave it in your poker accounts. By the begining of next year, the dollar should be at parity.

mephisto · #10 11-07-2007, 07:35 PM

That's good news newstop. I can live with parity, anything more is a bit ridic.

Also, are there any sites that let you keep a EUR or a GBP balance alongside your USD account? Mistake me if I'm wrong, but sunpoker just converts US->GBP for their GBP tables and then when you're done they do a GBP->US conversion back into your account.