Wow... Dollar Conversion Rate

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jerrysandastak

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Well, today I was in for quite a shock when I paid for numerous items on my ebay. All were bought in USD and since I didn't have funds in paypal, it was transfered from my Canadian bank account.

I got absolutely KILLED on what I thought I would be paying with the high Canadian-American conversion. $15 items were really $18, $100 items became $120, and overall I paid approx. $200 more than I expected (shipping as well).

This Canadian conversion is really making me reconsider the whole buying end of my Hanzal (and other) collection.

How is this affecting other Canadians? Were you in for a big shock when you paid for your items? Or am I just a few weeks behind the times?
 
We had things very easy while we were at par. If you look even in the last 10 years - buying was much harder when we were having to add 40-60% based on the exchange rate.

I think some folks are going to be in for a shock when they see the price of UD1 back closer to $100 than $80...
 
The majority of my high-end Hanzal collection was bought this year while we were at par (SPA, OPCP, Cup, etc). So, I didn't notice much.
 
it's going to be tough again. Going to have to really remember to calculate the math out before hand and not get carried away on the bidding wars.

Time to be smart again. Good news though for the clients that I bough USD for. Finally get to sell it and get it back to Canadian with some nice little gains on it. God knows the investments aren't giving it to them.
 
The last month has been brutal. I keep forgetting about the widening gap in the exchange rate and get a nasty reminder when I'm paying for my cards. Going to have to be more careful in my buying habits and do the math first, especially on big ticket items where the difference really hurts!
 
jerrysandastak said:
This Canadian conversion is really making me reconsider the whole buying end of my Hanzal (and other) collection.
Click to expand...

I'll just continue to sell and have the PAYPAL balance grow..... Makes the exchange rate a moot point..
 
Last edited by a moderator:
This will probably affect the price of cards as well. Since a lot of us buyers are from Canada, we'll be buying less and less. So maybe it will balance itself out with cheaper cards.
 
Burner said:
This will probably affect the price of cards as well. Since a lot of us buyers are from Canada, we'll be buying less and less. So maybe it will balance itself out with cheaper cards.
Click to expand...

Hate to say it but the Canadian buyers have been laying off well before the exchange rate fluctuation. I've noticed a huge gap in sales to Canada vs US in the last 6 months or so. I've been keeping rough estimates and around 65-70% of my hockey items are being sold to US buyers.

Darren
 
Since the Exchange rate has changed it seems cards are selling for a bit less...

I won't buy anything right now, not until the price drops a bit. Even retail product is gonna be inflated...
 
This really bites, we (Canadians) only got to enjoy the dollar on par with the US dollar for a short period of time.
 
dahabsfan said:
Hate to say it but the Canadian buyers have been laying off well before the exchange rate fluctuation. I've noticed a huge gap in sales to Canada vs US in the last 6 months or so. I've been keeping rough estimates and around 65-70% of my hockey items are being sold to US buyers.

Darren
Click to expand...

I haven't bought much in the last 2 months.

There are 3 things:

1. Bad economy

2. Exchange rate

3. No new product
 
Meh. Everything costs money. Including the exchange. I'm not thrilled with it, but it's not as bad as the 50-60% exchange was seven or eight years ago.

That said, some cards are gonna HURT with an added 15-20% penalty...
 
I know what you mean Quincy. Those high end cards are the killers. It's not bad buying a $15 card and having to spend $18. It's the pits though, when you win a card for $220 and have to really pay $265. And I can't imagine the extra costs on shields, 1/1, and high end Ovie and Crosby stuff.

Thank God LogoPatch is in the USA.
 
Keep in mind that right now the USD is artificially inflated by US economic policies that are making their dollar appear more secure than it really is. And the Canadian dollar has been deflated by temporarily low resource prices. Par was not sustainable, but I think we can expect to be back within 10 cents on the dollar within a few months, and likely stay at or above that as resource prices climb back.
It sure does suck right now though.
 
Bidds - Not so much economic policy, so much as temporarily high demand. That $700B bailout isn't coming out of the kitty - it's being borrowed from other governments, probably secured by bond paper or somesuch. So there's a whole lotta buying of US dollars going on right now, both by the lending parties and currency speculators.

Fun fun fun.
 

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