Compare Foreign Exchange Rates

Compare foreign exchange rates below between the Canadian banks and see which Canadian bank will offer you the best foreign exchange rate comparison. Then compare this rate to KnigtsbridgeFX. We call all the Canadian banks and price our exchange rates accordingly.

Bank Exchange Rates Markup % Source Savings when buying $10,000 USD with
RBC – Royal Bank of Canada 2.60% RBC Exchange Rates $230
TD – Toronto Dominion Bank 2.64% TD Bank Exchange Rates $234
BMO – Bank of Montreal 2.65% BMO Exchange Rates $235
CIBC – CIBC Bank 3.34% CIBC Foreign Exchange Rates $304
Scotia – Scotia Bank 2.88% Scotia Bank Foreign Exchange Rates $258
HSBC – HSBC Bank 2.10% HSBC Foreign Exchange Rates $180
Desjardins 2.49% Desjardins Foreign Exchange Rates $219
Knightsbridge Foreign Exchange 0.15% – 0.5% Knightsbridge Foreign Exchange Up to $300 in Savings

The difference between the bank exchange rate between buying and selling the same currency can range from 2% to 5% or more. You must look at the website above to see their bank rates. However, you may want to compare the bank’s exchange rate with other Canadian banks.

You want to compare their rates with Knightsbridge Foreign Exchange (call 1-877-355-5239 to hear live exchange rates) to see the difference in exchange rates.

All Canadian banks include a markup, hidden within the exchange rate that you see. This markup can vary in percentage and helps to pay for the costs of providing the service including the customer service representatives, rent, marketing, transfer costs, and much more. However, since most Canadians exchange currency with the bank that they have a bank account with, the banks use this as a profit centre and want to make a profit on currency exchange. As a result, foreign exchange companies, such as KnightsbridgeFX can offer better exchange rates than the bank by providing a better exchange rate and taking a lesser margin.

Compare the exchange rates below to the bank exchange rates and you will get an idea of the margin. If you are interested in saving money, you can use a non-bank provider such as Knightsbridge Foreign Exchange to exchange currency. You can obtain live exchange rates from KnightsbridgeFX by calling 1-877-355-5239 or simply visit the home page for more details. Savings compared to bank exchange rates can be up to 2.5% and on large sums of money, this can add up. So call now and compare exchange rates!

Most people are turning into online currency exchange so if you’re new to Paypal’s international exchange rates, you can refer to the link above.


US Dollar and Canadian Dollar Exchange Rates