If I send 7,855.00 in the form of a cashier's check to Mississauga Canada for a hotel group trip, will I get any money back in American currency with the conversion? Thanks
That depends upon what the price of the trip is.
Everything else is taken care of this is just the hotel price in US funds of 7,855.00. Thanks
If the price is given as $7,855 in U.S. funds, then the hotel has already figured in the exchange rate. Assuming you paid in U.S. funds, do not expect to receive any money back.
To determine whether you will receive any money back in American currency after sending a cashier's check of $7,855.00 to Mississauga, Canada, you would need to consider the exchange rate, any fees associated with currency conversion, and the specific policies of the hotel group. Here's how you can find the answer:
1. Check the exchange rate: Look up the current exchange rate between US dollars (USD) and Canadian dollars (CAD). This rate constantly fluctuates, so you can use a reliable financial website or search engine and input "USD to CAD exchange rate" to get the most accurate information.
2. Calculate the amount in Canadian dollars: Multiply the amount of the cashier's check, $7,855.00, by the exchange rate you found in step 1. This will give you the equivalent amount in Canadian dollars.
3. Deduct any fees or charges: Consider any fees associated with the currency conversion that your bank or the hotel group may charge. Deduct these fees from the amount in Canadian dollars obtained in step 2.
4. Verify the hotel group's policy: Contact the hotel group and inquire about their refund policy and how they handle currency conversion. Some hotel groups may refund any excess amount in the currency of your choice, but it ultimately depends on their specific terms and conditions.
By following these steps and obtaining information directly from your bank and the hotel group, you will have a clearer understanding of whether you will receive any money back in American currency after the conversion.