We set the exchange rate for foreign currency purchases associated with many services, such as when you:. There are other services where we do not set the exchange rate, such as when you use your debit or credit card outside of Canada to withdraw cash from an ATM or make a purchase. Stabilisation period expected to start on: Solutions for your international business Get what you need to manage risk in a volatile world.
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When funds to be deposited into your account with us are in a currency that is different from that account, such as with an incoming wire transfer, we convert the funds into the currency of your account, and then deposit them into your account. The exchange rate we use is our applicable exchange rate in effect when the deposit is posted to your account.
There are other services where we do not set the exchange rate, such as when you use your debit or credit card outside of Canada to withdraw cash from an ATM or make a purchase. You will pay different exchange rates and fees for those services and you should review the agreements governing services and the use of those cards for more information.
How do we set our exchange rates: For each foreign currency purchase where we set the exchange rate, the exchange rate we use is a retail exchange rate, except for purchases and sales between banks and other large financial institutions in the interbank wholesale market where an interbank exchange rate is used. We update our Retail exchange rates frequently throughout the day based on many factors, including:.
Cash and non-cash rates: Exchange rates for foreign currency transactions not involving physical foreign currency cash bank notes , such as transfers, payments, cheques or drafts, are generally more favourable to you than rates for buying and selling physical foreign currency cash.
This reflects our costs and risks of shipping, handling and holding foreign currency in cash. Exchange rate fluctuation risk — returns and reversals If you deposit funds e. The exchange rate we use is our applicable rate in effect when the debit is posted to your account. Bank fee does not include the current exchange rate. Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of third party sites hyper-linked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.
You should review the Privacy and Security policies of any third party website before you provide personal or confidential information. View all Banking products and services. View all Investing products and services. Just for Travelers Great tips for international travel and extended stays Foreign Exchange FAQs Find out what you need to send an international wire, plus more frequently asked questions.
Solutions for your international business Get what you need to manage risk in a volatile world. Get help now online. What is the best way to refer a friend to open a TD Bank personal checking account? TD bank can provide a wide variety of currencies and you can also get cash currency from the bank branch. Especially if you bank with TD bank, it is convenient for you to use them to exchange currency. TD bank publishes some of their exchange rates online. The TD bank exchange rate can be viewed here: You must look at the website above to see their rates.
You may even want to compare their rates with Knightsbridge Foreign Exchange call to hear live exchange rates to see the difference in exchange rates. All Canadian banks, including TD bank, include a markup, hidden within the exchange rate that you see.