What is a good way of handling the currency conversion for the investors who wants to pay in Canadian dollars instead of US dollars? The exchange rate is so volatile that the Canadian dollars given today for each 1% may be worth far less than U$110 by the time you leave/play/cash at the WSOP.
Due to the current fluctuations, I'd insist on US$
Due to the current fluctuations, I'd insist on US$
Well it depends on what he wants to do with those dollars... If he wants them in Canadian then take them in Canadian at current exchange rates, if he wants them in US but doesn't need them till a future time, take em in Canadian as we will very likely be at or near par later this year, then exchange.
What is a good way of handling the currency conversion for the investors who wants to pay in Canadian dollars instead of US dollars? The exchange rate is so volatile that the Canadian dollars given today for each 1% may be worth far less than U$110 by the time you leave/play/cash at the WSOP.
I haven't had that problem yet. So far everyone who is buying is either paying me in chips/cash when I get to Vegas, or sending (sent) it via PokerStars/Full Tilt.
Alright..I'm pretty much done selling. I know a few people on here that I personally know that said they want 1%/0.5%...I will still consider those, but I'm done with selling a large chunk.
Comments
Due to the current fluctuations, I'd insist on US$
Well it depends on what he wants to do with those dollars... If he wants them in Canadian then take them in Canadian at current exchange rates, if he wants them in US but doesn't need them till a future time, take em in Canadian as we will very likely be at or near par later this year, then exchange.
I haven't had that problem yet. So far everyone who is buying is either paying me in chips/cash when I get to Vegas, or sending (sent) it via PokerStars/Full Tilt.
I saw your twitter update... you won another!!?!??
Yes sir..won it in the PokerStars 200 Seat Guaranteed tourney.
WOW, Congrats!!
Congrats