As of the morning of November 22, Vancouver time, Canadian dollar exchange rate against RMB has fallen to 5.03 (1 Canadian dollar = 5.03 RMB) . And according to data displayed by Google Finance, since November 3, the exchange rate of the Canadian dollar against the Chinese yuan has never risen again.
Moreover, not only against the RMB, the exchange rate of the Canadian dollar against the US dollar has also fallen for nearly two months as of November 22.. Currently, 1 Canadian dollar is approximately equal to 0.79 US dollars, and the days of 1:0.8 are gone. Returned.
In this regard, Reuters pointed out that after the meeting between the heads of state of China and the United States ended in a more friendly atmosphere, the yuan has recently hit its highest point in the past five months, and before the release of US retail sales data, The exchange rate of the U.S. dollar against the euro and other currencies broke the record in the past 16 months.
In addition, Since the United States opened its land borders to fully vaccinated travelers from around the world on November 9, the demand for US dollars has been increasing - and accordingly, the Canadian dollar has been under pressure ever since..
The "foreign troubles" of the Canadian dollar continue, and the "domestic troubles" have not diminished - According to the latest data from Statistics Canada, Canada's consumer price index (CPI) increased by 4.7% year-on-year in September, causing the country to almost The most serious inflation in the past 18 years. Coupled with the extreme weather conditions that continue to cause floods and landslides in BC, , railway service interruptions, and falling oil prices, all of which are fatal blows to Canada's economic growth.
Reflected on the currency, the Canadian dollar exchange rate has been falling, which is not surprising.
But the recent weakness of the Canadian dollar does not seem to last forever - According to the prediction of the world's famous investment bank Morgan Stanley (Morgan Stanley) on November 18, the Canadian dollar exchange rate is expected to take off strongly in 2022, Next year the Canadian dollar could reach its highest level against the U.S. dollar since 2014.
The agency report pointed out that during the 5-month period ending in mid-November 2021, the impact of the US dollar destroyed almost all other currencies in the world. Only the Canadian dollar and the yuan were the last two major currencies that could still "defeat". Kind - "Strong U.S. data provides a tailwind for Canada, and coupled with a hawkish Bank of Canada, strong commodity and risk prices, and well-positioned positions, Morgan Stanley strategists have reason to be bullish on the Canadian dollar." The outlook for 2022 remains positive."
In addition, the Public Health Agency of Canada announced the latest entry policy on November 19: Starting from November 30, Canadians and permanent residents who travel abroad for less than 72 hours will be exempted from submitting a negative nucleic acid test certificate when re-entering the country. Those who have been vaccinated with the Sinovac or Sinopharm new crown vaccine will enjoy the same preferential entry policies as Pfizer or Moderna vaccines such as exemption from quarantine.
In other words, starting from December, Canada will be "open" like the United States - so in the foreseeable future, the current strength of the US dollar will most likely be reflected in the Canadian dollar: Once the demand for the Canadian dollar increases , the rise in the Canadian dollar exchange rate will almost be a certain result .
Taking advantage of the fact that Canada has not yet relaxed its immigration policy and the Canadian dollar is still weak, there is no need to explain what you should do
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Domestic air tickets from Greater Vancouver are "cabbage-priced", and the fares will skyrocket when you come back
Let's take a look at something pleasing to the eye first The fare - Air Canada is worthy of being the face of many Canadian airlines. Even if we book a flight from Vancouver to Beijing next week today, the economy class fare is only 1,042 Canadian dollars (5239.37 yuan) .
And the ticket supply is relatively sufficient. There are currently 6 flights on November 29. Three of them have economy class seats, but they have to stop at Shanghai Pudong International Airport in the middle.
what? Still too expensive? No problem, wait another two weeks, and the lowest fare from Vancouver to Beijing is only 683 Canadian dollars (3434.25 yuan) , which is a reasonable price, but you still have to stop at Shanghai Pudong International Airport.
However, the fare from Vancouver to Shanghai is slightly more expensive: The fare from Vancouver to Shanghai on November 29 is about 1,372 Canadian dollars (direct flight, economy class), and on December 2 it is 1,682 Canadian dollars (8,457.4 yuan) ).
But as long as you are willing to wait for another two weeks, direct economy class flight from Vancouver to Shanghai can be arranged directly for 663 Canadian dollars (3333.69 yuan) !
Air China ( Air China ) has a similar fare from Vancouver to Beijing . The lowest fare found so far was on December 16, which was CAD$742.16 (3731.72 RMB) , with a total travel time of 30 hours. 50 minutes, stopping once in Zhengzhou.
Xiamen Airlines flights from Vancouver to Xiamen are also relatively cheap. The economy class direct flight on December 6 only costs 773.96 Canadian dollars (3891.61 yuan), which is still tax-included.
Sichuan Airlines is even more heavyweight. The price of the air ticket from Vancouver to Chengdu is only 2630 RMB (CAD 523.05), but there is still 1045 RMB (CAD 207.83) in tax, and there is no meal .
The price of China Southern Airlines flying from Vancouver to Guangzhou is a bit high. Even on December 16, the fare will be 8955 yuan (1780.96 Canadian dollars) , and you have to stop at Toronto Pearson Airport for 23 hours and 22 minutes (total Journey time is 43 hours and 15 minutes).
And even if the starting point is changed from Vancouver to Toronto , the fare for this direct flight to Guangzhou will still be 8547 yuan (1699.82 Canadian dollars) . Flying from Vancouver to Toronto is basically free.
But to be fair, compared with the domestic flight fare to Vancouver, the fare of 8,000 or 9,000 is really cheap..
Let’s take a look at Air Canada first. Among the flights from Shanghai to Vancouver that are currently available, the cheapest is on November 27. On this day, all direct flights are sold out, and the rest are We had to stop in Hong Kong for nearly 13 hours. The cheapest economy class fare is 1,220 Canadian dollars (6,134.38 yuan) .
But if Chinese friends buy this flight, those who have received Sinovac and Sinopharm vaccines will not be able to get in. After the new policy came into effect on November 30, the ticket price increased by at least 300 dollars. After December 4, the cheapest ticket was 1,507 Canadian dollars (7,577 yuan) , and all had to stop in Hong Kong for more than ten hours.
from Beijing has increased even more. After November 30, it has increased by more than 1,000 dollars. - was still 1,283 Canadian dollars (6,451 yuan) on November 30, but it became 2,317 Canadian dollars (11,650.3 yuan) on December 1. ). The
program found the cheapest Air Canada flight from Beijing to Vancouver in December. On December 15, it cost 1,674 Canadian dollars (8,417.18 yuan) and had to stop in Hong Kong for 21 hours.
Air China (Air China) has two flights from Beijing to Vancouver in the first half of December. On December 8 and December 15, the fares of are respectively 2302.7 Canadian dollars (11578.4 yuan) and 1930.7 Canadian dollars (9707.91 yuan). .
Take the Air China flight on December 15 as an example. The total flight time was 12 hours and 55 minutes, with a stop in Shenyang.
Air China’s fare from Shanghai to Vancouver is slightly better. Although there is a flight of 1,462.6 Canadian dollars (7,354.22 yuan) on December 14, it will cost 2,450 Canadian dollars (12,319.05 yuan) at the end of the month..
And don’t look at the cheap flight on December 14th. You have to fly from Shanghai to Beijing first, then from Beijing to Shenyang, and then from Shenyang to Vancouver. The total journey time is 34 hours and 40 minutes
Air China, let’s take a look China Southern Airlines - Even on December 15th, China Southern Airlines Economy class fares from Guangzhou to Vancouver are more than 40,000 yuan (41,101 yuan, 8,174 Canadian dollars) . This flight also had to make one stopover in Tokyo, Japan and Dallas, the United States, with a total travel time of 26 hours and 52 minutes.
There was a similar flight that day with a fare as high as 41,345 yuan ($8,222.65 Canadian dollars) , with a total travel time of more than 43 hours. Moreover, even if the fares on December 16, 17 and 18 are slightly "normal", the economy class fares are all above 13,000 RMB (CAD 2,585).
Xiamen Airlines ( Xiamen Airlines ) does have direct flights from Xiamen to Vancouver, and the fares are cheaper. The economy class fare on December 13 including tax also costs 1515.5 Canadian dollars (7620.21 yuan) .
The direct fare of Sichuan Airlines ( Sichuan Airlines ) from Chengdu to Vancouver is similar to that of Xiamen Airlines. The fare on December 7, 14 and 21 is almost the same, plus tax, it is 7616 yuan (1514.66 Canadian dollars) , and it is also There is hot airplane food.
It can be seen that Canada’s recognition of the Sinovac and Sinopharm vaccines after November 30 will have a huge impact on air ticket prices.
There are faint signs of a resurgence of the global epidemic. The program solemnly reminds everyone not to travel unless necessary. If you really need to fly from China to Vancouver, it is best to call the customer service of the target airline before booking a ticket to ask whether the airline will make any adjustments to Canada's new entry regulations..
Finally, I wish everyone a safe journey
