The T. C. N. C. Auction Tonight

Well, today at 10:30, the official world-wide exchange rate to CDA from US is 1.4318. The 1.47 is the bank taking their 3-4% profit for meeting you at the bank window or using their computer. I have to transfer US every month for our living up here, so your taxes go up and you loose 3-4% to pay the bank. I use a US credit card up here that pays the "official" Canada rate so I don't give the bank here any extra profit with my card.

@ jbuck
It would have been a very good idea when
the original NAFTA ( now USMCA) was put in
to place , to have had a common currency .
That barn door has long been shut .
The Canadian Peso is going to be
1.55 to 1.65 to the USD by mid 2025 .

Back to my earlier premise of what such a high exchange rate can do to the coin market. As mentioned above, we know it makes things very, very expensive for Canadians buying from U. S. auctions. It is also a pain for American sellers of Canadian coins.

My records show I bought some coins at one USD equaled 0.91 CAD, so a hypothetical $100 CAD hammer price back then cost me $115 CAD (at 15% juice) or $126 USD.

If I sell that coin now in a Canadian auction, to get my $126 USD back the hammer has to be $126 USD x $1.43 = $180 CAD (assuming no sellers fee). Plus the buyer has to now pay 20% juice, so the price is $216 CAD. In other words, the coin has to appreciate 88% in Canadian dollars for me to get my money back in a Canadian sale. Some coins may have appreciated 88%, but most have not.

To break even, a Canadian seller of the same coin in a Canadian sale merely needs a hammer of $115 CAD, which with the now 20% juice equals $138 CAD, or 20% appreciation (neglecting the tax of course). I neglect tax, because we both pay, but in different ways. Canadians pay HST upon buying. Americans pay capital gains tax (28% of gains to Feds, plus another 0 to 9% depending on your State) upon selling.

Such a high exchange rate forces U.S. sellers to sell in American sales, where American bidders may be more inclined to pay the $126 USD hammer, plus 20%, or $151 USD. Even that can be a problem if the American bidder can find the same coin in Canada less expensively.

Unless you can time the exchange rate to your buying and selling advantage, parity is a good thing for a multinational coin market.