Quote:
Originally posted by gigi@May 24 2003, 07:13 PM
But because I do exchange the $ and stick it on my Visa I am definitely saving money on expenses.
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not really ...
if you do convert your dollars, you are going to get less canadian dollars for the same amount of us dollars, plus you have the fees associated with working in 2 currencies ... so even though the money you pay out is less canadian dollars, its still the same amount of us dollars with extra costs ...
there is no possible scenario where you can say you are 'saving' money because your bills cost less in your currency ... it is still a loss, because you have less canadian dollars coming in to cover those expenses ...
Monk, i don't really understand what you mean ... any way you work the numbers its still a loss at the end, even when it appears to be a gain ...
suddenly rob mac's program of paying in australian dollars doesn't look so bad
