Create a real-time currency exchange rate alert.

TD Exchange Rate

Compare the latest TD Bank exchange rate and discover how much more you could save by switching to KnightsbridgeFX.

Use the currency calculator to see how much more you could receive by choosing KnightsbridgeFX instead of TD.

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Understanding the TD Exchange Rate

Toronto-Dominion Bank, or TD Bank, is a well-known provider offering currency exchange services for over 50 countries and multiple foreign currencies, including the Canadian dollar (CAD), US dollar (USD), Australian dollar (AUD), British pound sterling (GBP), EUR (euro), and more. Their rates are often used for international transfers, travel money, payments, and deposits. TD typically offers non-cash exchange rates for electronic transfers, which are usually better than cash rates due to the lower risks and faster processing times.

While TD’s rates may seem competitive initially, many banks, including TD, often add hidden costs within their exchange rates. This means the rate you see isn’t always the rate you receive, leading to less money in your recipient’s hands.

For example, as of May 20, 2025, TD’s exchange rate is approximately 1.34 CAD for every 1 USD. However, this includes a markup that reduces the actual value you get compared to the true mid-market rate used by currency markets globally.

How Do Exchange Rates Work?

Banks and money transfer providers use the mid-market exchange rate—the rate banks use to trade currencies between themselves—as the baseline. However, many add a hidden margin to this rate when offering it to customers, meaning you pay more without knowing it. This includes transaction fees hidden within the rate.

This is why different providers show varying foreign exchange rates, and why you could be losing money on every transfer without realizing it.

At KnightsbridgeFX, we believe in full transparency:

You get the real mid-market rate

You get the real mid-market rate—the same rate you see on Google or XE.

Our transaction fees are upfront

Our transaction fees are upfront and clearly stated with no hidden costs.

How Does TD Compare to KnightsbridgeFX?

While TD is a reputable bank, its foreign exchange markup typically ranges from 2.5% to 3.5%, depending on the currency and amount. Let’s break down a real example:

  • Provider
    Amount Sent
    Exchange Rate
    Amount Recipient Gets (USD)
    You Save
  • TD
    $1,000 CAD
    1.36
    (approx)
    $736 USD
    (after fees)
    –
  • KBFXKnightsbridgeFX
    (0.7550)
    $1,000 CAD
    1.34
    (mid-market)
    $750 USD
    (approx)
    $14 USD

Note: Rates vary daily, so use our currency calculator for the most up-to-date savings.

How Long Does It Take to Send Money with TD?

The speed of transfers depends on:

Business days

Transfers initiated outside of normal business days, such as weekends and public holidays, may take longer to process.

Payment Method

Bank transfers are usually slower but cheaper; debit or credit cards are faster but can incur extra fees.

Time of Transfer

Transfers initiated outside business hours, on weekends, or holidays may take longer.

KnightsbridgeFX offers competitive transfer times, with electronic processing designed to get your money where it needs to go quickly and securely.

Why Choose KnightsbridgeFX Over TD?

Here’s why thousands of Canadians and Americans trust KnightsbridgeFX for their international money transfers:

  • Transparent Rates & Fees
    No hidden markups; you see exactly what you get and pay.
  • Significant Savings
    Compared to TD, you keep more of your money with our fair exchange rates and low fees.
  • Fast and Secure Transfers
    Unlike cash shipments, our electronic transfers are safer and quicker, with tracking at every step you can monitor in your mobile app bank account.
  • Tailored Support
    Whether you’re a business owner, student, or family sending money between the US and Canada, our experts are here to help.
  • Convenient and Accessible
    Easy online platform and competitive rates available 24/7.

Ready to Leave TD Bank Behind?

Don’t let hidden transfer fees and unfavorable exchange rates eat into your money.
Create your free account now and start sending with confidence. Get the real mid-market rate and save on every transfer with KnightsbridgeFX.

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