Not exact matches
CTI hotel rates are converted from local
currency to U.S. dollars using the
conversion rate on the date each hotel invoice was
paid; food
costs, meanwhile, are based on a Dec. 2,
conversion rate, so there is no single date to assess for
conversion rates.
Depending on the size of your account at iTrade and your RRSP holdings, I'd weigh the
cost of the US - Friendly RSP against how much I'm
paying in
currency conversions.
EverBank claims that the
currency conversion rate that you
pay (e.g. the
cost incurred during
currency exchange) will be within 1 % of the market rate for the foreign
currency of your choosing.
I wouldn't call the VEA versus TD e-Series fund decision a no - brainer because you have to figure in the initial
cost of
currency conversion (1 % of your initial investment) and the commissions
paid to buy VEA into your equation.
For instance, an investor owning a US stock that
pays a 4 % dividend is losing 8 basis points or so (assuming
currency conversion costs 2 %).