It is really easy to use our CAD to USD calculator. We trust that our exchange rates will remain stable because we’re confident in our market position. You should be assured that you’re getting the best Hamilton exchange rates.
We understand that certain financial institutions prefer to demand such large rates while the foreign exchange market is in the present sense of uncertainty.
It is likely that you have done your homework and you are here due to that fact. Until now, you’ve had the time to know your future gains. With that you now have the chance to capitalize on your benefits. Currently, a serious alternative includes changing your CAD to USD and vice versa using Questrade, which charges 1.5-1.99% both ways (which at least is better than banks, which charge about 2.5%). Alternatively, you should use Remitbee Currency Exchange, which doesn’t charge any fees.
If you intend to trade only $100 in the course of your life, perhaps it’s not great to roll out the improvement — it’ll only save you $4 (about $2 each way) — except once you begin contributing over thousands once again, you could be losing a huge load of cash simply on fees alone.
Consider the following compared to Questrade fees:
- $1000 worth of US stocks: You could be losing out on about 40 CAD profit.
- $50,000 worth of US stocks: That’s about 2,000 CAD you could be losing
Banks have pulled off bad rates because they know that the vast majority of consumers would not scrutinize the exchange rates that they promote. The exchange rate they give you is considerably lower than the actual exchange rate, but most people are unaware of this fact. A quick Google search for “usd to cad” or “cad to usd” will help you find the true exchange rate.
In addition to offering very good rates, you get to enjoy zero fees when you exchange at least $10 between the two currencies.
As a Toronto foreign exchange service, we are governed and audited by FINTRAC, a government entity in Canada. There is no better feeling than that your money is safe and secure.
Do you ever get frustrated when you ask for support and just get generic, rehearsed responses? We share your feelings. Our positive Trustpilot and Google customer service feedbak will demonstrate how much we care for our clients.