Our Foreign Exchange Currency Converter allows you to quickly convert over 30 foreign currencies. Non-Cash Rates as of.

Only RBC clients can do cash foreign currency exchanges. Exchange rates quoted in the media are interbank exchange rates, which are used by banks and other interbank participants to buy and sell currencies in the wholesale market.

This rate includes a spread added to the interbank rate to account for market movement between when the client transaction is completed and when smaller client amounts can be accumulated and traded on the interbank market. Exchange rates applied to cash transactions include shipping and handling charges, making the exchange rate for cash less favorable than the non-cash rate.

Non-cash rates are applied to paper instruments such as cheques and drafts.

Non-cash rates are also applied to incoming and outgoing wire payments and other electronic transactions. These instruments do not require physical storage or movement, and incur less time and cost for processing than cash transactions.

US Dollar to Canadian Dollar Exchange Rate

Therefore a more favorable rate is applied to non-cash instruments. It is often more beneficial to convert your Canadian dollars to the local currency of your travel destination before you leave Canada. Many banks, foreign exchange kiosks and hotels in other countries charge commission or service charges in addition to exchange rates that are often higher than those in Canada when converting your Canadian dollars to their local currency.

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CAD Currency limit exceeded. Non-Cash Rates apply to the conversion of paper and electronic instruments such as cheques, drafts, wire transfers, etc. FAQs Why are RBC rates different do car salesmen really make money those quoted in the media and online?

Why are RBC rates for cash conversion different than non-cash rates? Why should I convert my Canadian dollars to a foreign currency in Canada, before travelling to other countries?

The rates provided are for information purposes only, and may not be reflective of rates in the market at the time of inquiry.

Exchange Rates Graph (US Dollar, Euro) - X-Rates

Foreign exchange rates are subject to change at a moment's notice. Although timely rates may be obtained by contacting a local RBC Royal Bank branch, rates can only be guaranteed at the time the purchase or sale is conducted. Advance notice may be required to obtain some currencies. Locate a Branch for Foreign Currency or US Cash ATM What are you looking for? Branch US Cash ATM.

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