Money for the Trip
Since meals are not included and it is recommended that students bring their ATM, credit card or about $140 U.S. cash (above and beyond their $20 US CASH room deposit and $15 US CASH Tremblant Resort Security Fee)
The ATM and / or Credit Card is the safest and most reliable way to receive Canadian Money to purchase food or other items in Canada. Be advised AMEX gift cards do not work in Canada. Most VISA or MC gift cards also do not work.
Please advise your ATM bank or Credit Card company that you will be traveling to Canada during your trip dates.
Ski Travel provides students an exclusive Discount Card for restaurants, shops, etc for the village. The resort features dining in all price ranges, facilities to prepare meals in the condominiums and on site grocery store within the resort.
Students can use U.S. money at any merchant in Mont Tremblant and receive Canadian currency as change but service charges will be part of the exchange rate. Alternatively, students can get money at a ATM in the resort village. Generally, for the modest amounts students spend on these trips it’s not worth it to exchange it at a bank in the U.S. because of fixed service fees. The Canadian dollar is worth more than a U.S. Dollar (currently Sept 2016). Exchange rates vary daily and the actual exchange rate at the time you are visiting Tremblant could be higher or lower.
Ski Travel provides each student with a discount card good at many of the more moderately-priced restaurants in the Tremblant Village. All these restaurant and other shops are within a short walking distance of our slopeside lodging. In addition, Tremblant’s condominium lodging includes a kitchen with facilities and cookware for making meals. There are grocery stores in the village where students can buy food for breakfast, lunch or dinner. It is not necessary to eat out for every meal.
Canadian Currency Conversion
A Canadian dollar is similar to the US dollar in that there are 100 cents in a Canadian dollar. Historically, the US dollar has been worth more than the Canadian dollar but in recent years the disparity has been decreasing.
CLICK HERE FOR THE CURRENT EXCHANGE RATE
EXAMPLE: Stores may post the exchange rate on a sign something like this:
US $ = at par or US Exchange = $1.05
This simply means the store will convert US dollars for Canadian dollars at the rate of 1.05 Canadian dollar for each US dollar. If you buy an item for $10 Canadian in a store with a posted exchange rate of US $ = $1.05 and you give the store clerk $20 US, you should get back $11.00 in Canadian dollars ($20 US X 1.05 = $21.00 Canadian less $10 Canadian = $11.00 Canadian).
(Please note: exchange rates change daily. The rates used in this example are from mid-September and assume a built-in service charge by the establishment and will not necessarily be the rates in effect when visiting Canada.)
It’s a good idea for students to have some knowledge of how exchange rate works in order to estimate how much money to receive as change when American dollars are exchanged for Canadian dollars or vice versa.
Canadian currency comes in the following denominations:
- Bills - $5, 10, 20, 50 and 100 dollars
- Coins – 1, 5, 10, 20 and 25 cents; one and two dollars
Credit card companies and banks generally offer a more favorable exchange rate than a commercial establishment, but a bank will add a service charge and that can make the overall exchange at a bank worse than at a store particularly for small amounts of money. It's best to exchange a large amount of money when there is a fixed service fee regardless of the dollar amount involved. Students might want to band together and pool their money and get the total amount exchanged at a bank to spread the fixed service fees.
If you have a credit card, you can use it for most transactions since you will get the best exchange rate but be aware that credit card companies also may charge additional fees for foreign purchases (usually 1% to 3% of the purchase price).
Credit cards accepted in Canada include Master Card, VISA and American Express.