What is Norbert’s Gambit and How To Do It
Canadians feel the pinch of exchange rates any time we want to buy something priced in USD. We also are subject to the impact of conversion fees that are present regardless of the level of exchange rates. These conversion fees can be avoided by Canadians by using a strategy known as Norbert's Gambit, named after Canadian investor Norbert Schlenker. Norbert's Gambit allows you to avoid conversion fees when exchanging Canadian for American dollars (and vice versa)....
by Max Kirouac
