US$ to CA$ rate at Immigration

[coolguy2010]

Hi,

I would like to know what rate of exchange the immigration officer normally gives for US$ currency.

I know the exchange rate as per the market , but need to know the rate at Immigration used by Officer.

Suppose , I carry US$ 10k , how much it will be considered as CA$.

All Landed Immigrant who have carried US$ , please share your experience.



Regards
Cool

 

[canuck_in_uk]

I'm not 100% sure but I believe they use Bank of Canada rates.

 

[coolguy2010]

thx canuck

I'm not 100% sure but I believe they use Bank of Canada rates.

 

[mayankpandya]

No worry ...they will count USD as POF.

Regards

Hi,

I would like to know what rate of exchange the immigration officer normally gives for US$ currency.

I know the exchange rate as per the market , but need to know the rate at Immigration used by Officer.

Suppose , I carry US$ 10k , how much it will be considered as CA$.

All Landed Immigrant who have carried US$ , please share your experience.



Regards
Cool

 

[RajeevPillai]

Hi,

I would like to know what rate of exchange the immigration officer normally gives for US$ currency.

I know the exchange rate as per the market , but need to know the rate at Immigration used by Officer.

Suppose , I carry US$ 10k , how much it will be considered as CA$.

All Landed Immigrant who have carried US$ , please share your experience.

I DONT THINK THEY WILL CHECK THE CUREENCY YOU ARE CARRYING. YOU HAVE TO JUST MENTION THE AMOUNT. AT LEAST THAT'S MY EXPERIENCE WHEN I LANDED!

Regards
Cool

 

[coolguy2010]

Thx mayank, if I carry partially US$ and partially CA$, say 10k each, will they convert US$ to CA$ and at what rate?

No worry ...they will count USD as POF.

Regards

 

[coolguy2010]

Thx rajeev, butvi have heard that they check cash?

 

[emamabd]

Thx mayank, if I carry partially US$ and partially CA$, say 10k each, will they convert US$ to CA$ and at what rate?

I had usd when i landed, and the officer did not convert the currency when he asked me how much finds i had - he immediately wrote the $ amount in the COPR without converting, so you can assume immigration consider 1 USD = 1 CAD.

note: its good that you are carrying some CAD in advance - its very important - at least for your taxi and first day expenses until you open your bank account...as the rate at pearson airport is really baaad....something like 83 CAD for a 100 USD!!!

 

[coolguy2010]

Thx a lot emamabd, got ur point

I had usd when i landed, and the officer did not convert the currency when he asked me how much finds i had - he immediately wrote the $ amount in the COPR without converting, so you can assume immigration consider 1 USD = 1 CAD.

note: its good that you are carrying some CAD in advance - its very important - at least for your taxi and first day expenses until you open your bank account...as the rate at pearson airport is really baaad....something like 83 CAD for a 100 USD!!!

 

[mayankpandya]

I agree with emamabd

I had usd when i landed, and the officer did not convert the currency when he asked me how much finds i had - he immediately wrote the $ amount in the COPR without converting, so you can assume immigration consider 1 USD = 1 CAD.

note: its good that you are carrying some CAD in advance - its very important - at least for your taxi and first day expenses until you open your bank account...as the rate at pearson airport is really baaad....something like 83 CAD for a 100 USD!!!