I am travelling to Canada from NJ, US for a week long vacation with my family and wanted to know what is the best way to buy Canadian dollars - my requirement is only around $ 400- 500 canadian. My concern is I do not want to get hurt with exchange rate loss.
2007-08-22 08:14:28 · 3 answers · asked by Pritesh_k 1 in Travel ➔ Travel (General) ➔ Other - Destinations
Everyone is going to charge you for converting your currency.
I just got back from Canada and I used the place in the airport out of necessity. The exchange rate was pretty much 1-for-1 but they charged a $3 fee.
Check with your bank about their fees if you were to use your ATM card. My bank would do the conversion but then would charge me a 3% fee for the transaction.
2007-08-22 09:54:38 · answer #1 · answered by nova_queen_28 7 · 0⤊ 0⤋
The best way...and always the best rate...is to use the ATM machine. just use your //atm card in the first ATM machine you see...they are everywhere just like in the states. you will get the best rate. Or, go to a bank to get the current rate. Do NOT use the money changers in the airport!!! i don't know what the other answerer is referring to when she says "negotiate a low rate interest.' There is no such thing. Banks give the current international exchange rate and do NOT charge you interest or a fee. Still, the ATM is fast and gives the same ate the bank does.
2007-08-22 15:24:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
go you a bank and negotiate a low rate interest for currency exchange
2007-08-22 15:23:02 · answer #3 · answered by Nothing But The Rain 4 · 0⤊ 2⤋