What kind of exchange rate is SPG using??? (Update: poster error)
Oct 27, 2008, 12:34 pm
#1
Original Poster
Join Date: Sep 2008
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What kind of exchange rate is SPG using??? (Update: poster error)
I am going to blame this post on Monday morning blues. My calculations were wayyy off (i was thinking in opposites). Pretty dumb for a CFA level 2 and Finance major, which is why I blame it on monday morning blues 
Carry on!
Carry on!
Last edited by kendalh; Oct 27, 2008 at 1:16 pm
Oct 27, 2008, 12:38 pm
#2
Join Date: Jan 2005
Posts: 327
come on... it's only some pity points.. consider that I only got 1.02 CAD back in September..
Oct 27, 2008, 12:42 pm
#3
FlyerTalk Evangelist
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Call them on it. Every time I go to Canada I have to. Every point counts.
Oct 27, 2008, 12:45 pm
#4
Original Poster
Join Date: Sep 2008
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Individually, yes, it is some pity points. However, collectively, in all their Canadian hotels, they are saving a lot of points by using an unfair, and extremely out dated exchange rate.
Oct 27, 2008, 12:50 pm
#5
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edit.
Last edited by kendalh; Oct 27, 2008 at 1:16 pm
Oct 27, 2008, 12:59 pm
#6
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Hmmm ... the Canadian dollar is going down the toilet and is worth a lot less than the US dollar today. Currently 1 US$ is worth 1.3 Cdn$.
However even if we use your exchange rate of 1.2, your spend of Cdn$1393 = US$1160. So at 2 pts/$ spent, the most you should have got was 2320 pts. Looks like you did OK to me!
However even if we use your exchange rate of 1.2, your spend of Cdn$1393 = US$1160. So at 2 pts/$ spent, the most you should have got was 2320 pts. Looks like you did OK to me!
Oct 27, 2008, 1:04 pm
#7
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Hmmm ... the Canadian dollar is going down the toilet and is worth a lot less than the US dollar today. Currently 1 US$ is worth 1.3 Cdn$.
However even if we use your exchange rate of 1.2, your spend of Cdn$1393 = US$1160. So at 2 pts/$ spent, the most you should have got was 2320 pts. Looks like you did OK to me!
However even if we use your exchange rate of 1.2, your spend of Cdn$1393 = US$1160. So at 2 pts/$ spent, the most you should have got was 2320 pts. Looks like you did OK to me!
Oct 27, 2008, 1:18 pm
#8
Original Poster
Join Date: Sep 2008
Location: YEG
Programs: Aeroplan, SPG Gold, Fairmont PC Gold, IC Gold
Posts: 248
Hmmm ... the Canadian dollar is going down the toilet and is worth a lot less than the US dollar today. Currently 1 US$ is worth 1.3 Cdn$.
However even if we use your exchange rate of 1.2, your spend of Cdn$1393 = US$1160. So at 2 pts/$ spent, the most you should have got was 2320 pts. Looks like you did OK to me!
However even if we use your exchange rate of 1.2, your spend of Cdn$1393 = US$1160. So at 2 pts/$ spent, the most you should have got was 2320 pts. Looks like you did OK to me!
As stated in my first post, blaming this one on the monday blues. I was thinking opposite for some crazy reason.
Oct 27, 2008, 1:42 pm
#9
Join Date: Jul 2008
Location: YYC
Posts: 471
I'm sure the decline (again) of the Canadian dollar will kill any chances we had of getting the SPG MBNA mastercard revamped as a true 1:1 whenever the agreement on that came up.
Regards,
Michael
Regards,
Michael
Oct 27, 2008, 1:46 pm
#10
Join Date: Aug 2006
Posts: 135
I was always on the cusp each year cause ethics seems like such a "gray" area to me.... :P
Oct 27, 2008, 1:55 pm
#11
Original Poster
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haha yes i did, and technically this is not the correct way. I am a CFA Candidate who has completed level 2. Happier :P
Oct 27, 2008, 2:04 pm
#12
Join Date: Aug 2006
Posts: 135
Good thing, i was gonna have to report you.... j/k. I just couldn't believe how much time they spent on how to properly use those letters. funny and sad at the same time. Lvl II was a tought one, congrats.
Oct 27, 2008, 3:24 pm
#13
Join Date: Jun 2003
Location: YVR
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Lurkers, feel free to discredit my theory.
Oct 27, 2008, 3:49 pm
#14
Original Poster
Join Date: Sep 2008
Location: YEG
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Posts: 248
From personal experience, you'll get different FX rates with different hotels. I've noticed this when I've stayed at 2 different hotels with the exact same CAD nightly rate. As such, I've got a feeling the hotel may be the one applying the FX rate and not SPG.
Lurkers, feel free to discredit my theory.
Lurkers, feel free to discredit my theory.
Oct 27, 2008, 4:12 pm
#15
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Best regards,
William R. Sanders
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Starwood Hotels & Resorts Worldwide
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