Money in Canada
I am roughing out plans for a trip from Florida to Alaska in mid 2015. What is the best way to pay your way thought Canada? Are debit cards widely accepted? Should I convert green backs into Canadian ...
Forum Discussion
The other suggestion to get a better exchange rate is to have your investment person (if they have a connection to a currency trading desk at their institution) buy currency for you. I get a better conversion rate than the bank rate (by about 1 to 2%) converting C$ to US$ this way, it would be the same going from US$ to C$.
I also have a great suggestion to obtain the best exchange rate by leaving the middleman out of it.....THE BANK !
I also like buying Canadian dollars from private individuals at the current true exchange (0.00% bank rate) when the opportunity rises, while at the same time more than happy selling my US dollars to the same private individuals that are just as happy getting a much better true exchange (0.00% bank rate), a win-win situation for both parties while saving 3% to 4% that a bank would gain.
I am always in the market for Canadian cash with a 0.00% foreign exchange rate with US dollars for sale.
