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This website is very important that includes current currency rate from one of the Canadian banks in which one of the examples is scotia bank. When you are going to travel in another country, it is very important to know that what rates is going in current time.

Why this website there are reasons behind that. First and foremost, person who want to go outside country it is very important to know about what rate is going everywhere. This scotia bank is just the example. There are any other banks also we can get information from there. So these are the reasons.

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The rates on this page are against Canadian dollars, apply to non-cash transactions up to $9,999 and are provided for information purposes only. Please read the additional notes at the bottom of this page.

Commercial and Corporate customers: Get live foreign currency exchange quotes, execute trades and browse transaction history with ScotiaFX.

Although up-to-the-minute rates may be obtained by contacting a local Scotiabank branch, rates can only be guaranteed at the time the purchase or sale is conducted.

Rates and dollar limits are provided for information purposes only and are subject to change at any time.

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Foreign Currency Exchange Rates | Scotiabank Canada

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View Scotiabank's buy and sell foreign exchanges prices/rates for popular currency pairs and Foreign exchange rates apply to non-cash transactions up to $9,999

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This website is all about the different ways to get more for downward dollars for currency exchange. It become problem when matter come on money exchange. Also, it become hard to get money exchange in low rate. So, there are few options, people can use before they get off for new country. for example, bank, peer-peer currency exchange, online exchange, credit card alternatives, and so on.

Why this website there are reasons behind that. First and foremost, sometimes people don’t know options about current technology. This website is best way to express some ideas about that. So, these are the reasons.

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For Canadians travelling to the U.S., or to many other countries, there's no way around that falling Canadian dollar. But there are ways to save some money on your currency conversion.

Three years ago, the Canadian and U.S. dollar were equal in value. The loonie has since fallen by nearly one-third.

Options abound and it would be nice if there was a comparison-shopping website for currencies, but we didn't find one to recommend.

Nilan Peiris, of TransferWise, a London-based online money-transfer company, says it's not easy for customers to find the best deal when it comes to money transfers.

"It's almost impossible to figure out, as a consumer, if you're getting a good deal," he says.

Experts tell us, as a general rule, you will get the worst rates at currency booths in airports and train stations.

At the bank

It should cost less exchanging your Canadian dollars at your neighbourhood bank before leaving on your trip.

But both the University of Toronto's Ambarish Chandra and Friedberg Mercantile Group's Michael Hart tell CBC News better rates exist elsewhere.

"Banks do work to ensure that the rates they offer are competitive, and they can be better than other foreign exchange providers," according to the Canadian Bankers Association.

Bank rates can be better, but they can also be worse. As with many purchases, it's "buyer beware."

Currency exchanges post rates for buying or selling a currency. Consumers want to exchange at a rate that's close to the midpoint of those buy-and-sell rates. Peiris refers to that mid-market rate as the only "real exchange rate."

So what's a consumer to do?

Peer-to-peer currency exchange

Let's say your next-door neighbour has a relative who's just arrived from Europe and wants to convert Euros to Canadian dollars. Your neighbour, knowing you plan to soon leave for Europe, puts you in touch with her relative.

If the two of you agree to make the exchange at the mid-market rate for the Euro and the dollar, you will both do better than you could at a bank or currency exchange.

According to the Bank of Canada's rough estimate, the fee banks and other financial institutions charge consumers "is typically around four per cent of the amount being converted."

In the scenario above, both you and the neighbour's relative save that four per cent.

That was the idea behind TransferWise.

The company is currently improving their setup for transferring Canadian dollars, and by the end of March, Peiris says it will be cheap, easy and fast to transfer loonies into other major currencies using their website.

TransferWise was started in 2011 by two friends who frequently travelled between the U.K. and Estonia: Kristo Kaarmann, a former management consultant, and Taavet Hinrikus, Skype's first employee.

TransferWise does peer-to-peer money transfer, using the midpoint rate for the two currencies and charging a fee of about one per cent on transfers between $500 and $1,000 US, with the rate dropping slightly for larger amounts. The fee on a $50,000 transfer would be about 0.72 per cent.

Peiris, the company's vice-president of growth, says TransferWire strives to be transparent with consumers. He views the rest of the industry as almost in collaboration "to obfuscate pricing and make it much more difficult for consumers to shop around."

Exchange currency online

If exchanging amounts over $5,000, U of T's Chandra recommends online currency exchanges. Chandra teaches business economics, with his current research focusing on travel and trade across the Canada-U.S. border.

That includes websites like TransferWise , OFX, XE Trade, and Payline by International Currency Exchange.

Other companies, like Knightsbridge Foreign Exchange, do transactions over the phone.

In general, using these services requires some advance planning - the first time you use it, you will need to set up an account - and have bank accounts in both currencies. The exchange can take up to six business days but usually takes about three.

You can pay off a foreign currency credit card this way, or use it to get cash, but that will require a visit to the bank.

To get around not having the right foreign currency bank account, people sometimes have the money transferred to the account of a friend or relative where they will be travelling. In the trade, this is known as "using a friend as an ATM."

Credit card alternatives

For most Canadian tourists going on short trips, most of the time Chandra advises using your credit card to make purchases in the U.S. and many other countries. Their exchange rate should be slightly better than the banks, he says.

Expect to lose about 3.5 per cent using your credit card in the U.S., and more than four per cent in other countries.

Frequent travellers can do even better using a U.S. dollar credit card, Chandra says. You may be able to get a card through a U.S. bank and some Canadian banks also offer U.S. credit cards, as well as U.S. dollar accounts.

The key to saving is in how you pay that monthly credit card bill (and don't forget to check credit card fees).

There are also credit cards available that don't charge foreign exchange transaction fees.

Rogers Bank, from the telecom Rogers, offers one through MasterCard. Rogers says they don't add a 2.5-per-cent charge, the way the big banks do on their credit cards, and the exchange rate they use, for U.S. dollars at least, is the Bank of Canada's mid-market rate. The big bank credit cards use the MasterCard or Visa exchange rate, which costs the consumer another one per cent or so.

Other credit cards that say they don't charge a foreign exchange fee include the Marriott Visa and Amazon Visa from Chase Canada.

Another way to cut the fees

Chandra has another recommendation for a way to avoid foreign exchange fees. This method requires buying shares in an interlisted company on a Canadian stock exchange and then selling those shares on, say, a U.S. stock exchange.

This method should get you U.S. dollars at the true mid-market rate, he says. He recommends this method for exchanging large sums and doing it through an online broker to keep the trade fees low. And of course, the stock price could go up or down in between your two trades.

If you are trading large amounts, you can also negotiate a better rate than what the bank or exchange company posts, especially if you can prove other places are offering a better deal.

While the loonie may be way down right now, Chandra advises against gaming the markets in hopes of getting a better rate. "It's not worth the trouble and the psychic costs of trying to look at the markets every day," he says, adding that "you're very rarely going to win by a whole lot."

One of the best ways to save money on currency exchange is to pay with Canadian cash in the U.S. Despite the plunging loonie, some U.S. businesses still accept Canadian currency at par, although the number is dwindling.

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How to get a better currency exchange deal on the low loonie | CBC News

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For Canadians travelling to the U.S., or to many other countries, there's no way around that falling Canadian dollar. But there are ways to save some money on your currency conversion. Three years ago, the Canadian and U.S. dollar were equal in value. The loonie has since fallen by nearly one-third.

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This website is giving information about how and when currency exchange when going abroad. There some steps regarding this. First and foremost, how to read foreign exchange rate. Second step is how to get best rate. Third step is how to get up to date with this rate. This website also includes how to avoid unnecessary rate and commission and with this there are some tips to keep in mind.

Why this website there are reasons behind that. First and foremost, to become smart some criteria should keep in mind when and how to get foreign currency exchange. So, these are the reasons.

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The 1-2-3 of Foreign Currency: When & How To Exchange

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Are you planning to go abroad? If so, it's very likely you'll be dealing in a currency other than the one you're used to, and will have to exchange currenci...

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This website is all about the different ways to get more for downward dollars for currency exchange. It became problem when matter come on money exchange. So, there are few options, people can use before they get off for new country. for example, bank, peer-peer currency exchange, online exchange, credit card alternatives, and so on. This website also includes how to avoid unnecessary rate and commission and with this there are some tips to keep in mind.

Why this website there are reasons behind that. First and foremost, to become smart some criteria should keep in mind when and how to get foreign currency exchange. So, these are the reasons

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You've booked your flights, your itinerary is set and now all you need is some local money. Getting foreign currency is easy but choosing the right method could save you a ton of cash. What you might be surprised to learn that there are many hidden fees when exchanging money and what used to be an easy way to get cash is no longer widely accepted.

Here are the best currency exchange options for travellers.

Using ATMs / STACK

There's no doubt in my mind that the STACK is now the cheapest way to get cash while abroad. STACK is a prepaid Mastercard that has no foreign transaction fees. That means when you withdraw money from ATMs outside of Canada, you'll just pay the Mastercard mid-market rate plus any fees that the local ATM charges. You obviously need to ensure you have preloaded some money into your account, but that's easy since you can do it through the app. If you sign up for STACK with my referral link, you'll get $20 when you activate your card. This offer is $5 more than the standard referral of $20, but you must click the link via your mobile device for it to work.

Using your debit card from your bank is also an option, but keep in mind the majority of banks charge the spot rate for the day plus 2.5-3.5%. This wasn't a big deal before since it was still one of the cheapest ways to get cash, but now with STACK, I can't imagine I'll ever use my bank debit card again to get cash.

That being said, I get some people don't want to sign up for another card, but note that since STACK isn't a credit card, your credit score doesn't take a hit when you apply.

If you do decide to stick with your regular bank's debit card, make sure you call them and let them know that you'll be travelling so a lock isn't put on your card the first time you use it outside of Canada. When you're overseas, search for ATMs with the matching networks and you should be good. Both VISA and MasterCard have ATM locators so you can find the right ATM before you even take off.

Credit cards

Credit cards are a must these days since you'll need them to book a hotel room or make large purchases. Credit card providers charge slightly more than ATMs by adding 2.5 - 3% on top of the spot rate whenever you make a purchase in a foreign currency.

You can avoid this fee altogether by picking up a Canadian credit card without foreign transaction fees. It works exactly the way it sounds; you won't be charged any additional fees when you make a purchase in a foreign currency. It's worth signing up for one of these cards even if you use it just when travelling.

If you have a travel rewards credit card you get extra benefits that can save you a lot of money and grief. Most of these cards include travel medical insurance, lost/delayed baggage insurance, and trip cancellation/interruption as a standard benefit. With any insurance policy, read the fine print to find out exactly what you're covered for.

Check out my list of the best travel rewards credit cards in Canada now to find out which cards have the best signup bonuses.

Foreign exchange offices

Foreign exchange offices are located in popular tourist areas and airports. They offer better rates than the bank and in some countries, their exchange rates are very competitive, but you need to consider any additional fees that they might charge. They're also convenient if you're trying to get rid excess currency from a country you just left.

If you're looking to exchange money before you depart, foreign exchange offices can offer good value as long as you do your research. Look for an exchange office where thee spread is less than 2.5% and they charge no fees. The spread is different for every currency so just because it's a fair rate for one currency, doesn't mean it's the same for another.

Using a bank

Getting foreign currency at your home bank is usually the first place you think of, but it's a huge rip-off since they can easily charge upwards of 10% on the spread. Considering spending is a big part of any trip, that's a pretty big premium you're paying. Of course, you don't want to show up in a new country without any local money so exchanging enough for a cab ride to your hotel is still a must.

That being said if you're changing money to a neighboring country's currency e.g. US dollars to Canadian dollars or Sterling to Euros, the bank spread is usually fair.

Traveller's Cheques

I'm not sure why traveller's cheques are still billed as a convenient and safe way to carry funds for travel; they really aren't widely accepted anymore. You pay a commission on the cheques on top of the spread when you cash them in, so you're effectively paying a fee twice. They can give you peace of mind but there are better options available these days.

Final word

Generally speaking this list presents the best currency exchange options, however, your individual experience may differ. It's impossible to predict what will happen when travelling; bank machines might act up, or your local exchange office could be more expensive. Do your due diligence and pick the method that works best for you.

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This post first appeared on The Huffington Post; it has been modified here for Canadian audiences.

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The 5 Best Currency Exchange Options For Travellers

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You've booked your flights, your itinerary is set and now all you need is some local money. Getting foreign currency is easy but choosing the right method could save you a ton of cash.

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This image gives information about currency exchange office when travelling abroad. Somehow the reason people forget to get exchange currency, this kind of office can exchange money in different currency.

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This the credit card for foreign currency you can use without keeping cash money as I mentioned in website. One of the scotia bank cards is just for foreign travelers it is very easy to use.

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This video will provide all information when you travelling to another country and cash is just the option. How travelers should react and what are steps they should take. For examples, ATM is the best and wise option for getting cash. Because ATM will charge less fees compare to another ways like credit or online transaction. Second option is foreign office that place also will provide cash money, but they will charge more rather than ATM machine.

Why this video there are reasons behind that. First and foremost, person who want to go outside country it is very important to know about what rate is going everywhere.

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Getting Cash Abroad | Best Way to Exchange Currency When Visiting Another Country

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This video is all about the different ways to get more for downward dollars for currency exchange. So, there are few options, people can use before they get off for new country. for example, bank, peer-peer currency exchange, online exchange, credit card alternatives, and so on. This website also includes how to avoid unnecessary rate. to become smart some criteria should keep in mind when and how to get foreign currency exchange.

Why this video there are reasons behind that. First and foremost, person who want to go outside country it is very important to know about what rate is going everywhere.

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Best & Worst Places to Exchange Foreign Currency on Vacation

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This video is giving information about how and when currency exchange when going abroad. There some steps regarding this. First and foremost, how to read foreign exchange rate. Second step is how to get best rate. Third step is how to get up to date with this rate. This website also includes how to avoid unnecessary rate and commission and with this there are some tips to keep in mind.

Why this video there are reasons behind that. First and foremost, to become smart some criteria should keep in mind when and how to get foreign currency exchange. So, these are the reasons

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When to Exchange Money for Your Trip Abroad

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This video will give all information about foreign currency forex card and what are benefits and advantages that also are given information. So, there are few options, people can use before they get off for new country. for example, bank, peer-peer currency exchange, online exchange, credit card alternatives, and so on. This website also includes how to avoid unnecessary rate. to become smart some criteria should keep in mind when and how to get foreign currency exchange.

Why this video there are reasons behind that. First and foremost, person who want to go outside country it is very important to know about what rate is going everywhere.

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Thomas Cook - Multi Currency Forex Card For Travellers | Curly Tales

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From this topic there are too many things I learnt like cash money exchange that I didn’t know. So, this kind of thing I knew.

This topic is relevant to me because I am international student when I will go to my back home this should be benefit for me to keep in mind what kind of steps I should take.

If I could pass this thing to my family. I want to pass foreign forex card that is easy, smart and very useful.