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We invite you to contact us to check the buy and. Currency converter inner page slide. For details please read our full terms and conditions. Foreign exchange rates represent the value of one unit of foreign currency in canadian dollars. The bank of canada is the nation's central bank. A number of central banks keep canadian dollars as a reserve currency. With our currency converter, you can calculate live exchange rates. An ios and android app that will convert currencies using the bank of canada's rates.
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Travelling abroad comes with a lot of additional tasks. All bank of canada exchange rates are indicative rates only, obtained from averages of aggregated price quotes from financial institutions. The bank promotes safe, sound and efficient financial systems, within canada and internationally, and conducts transactions in financial markets in support of these objectives. Since the company regularly uses the local bank to exchange currencies, the local bank is an acceptable exchange rate source for converting foreign currency into canadian currency for. 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.
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While the banks may have inflated margins and transfer fees, at ofx, we keep our margins.
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