what's the cheapest way to convert usd to cad



I can do it for you no probblem just send me your moneys via paypal and will make the majical majic happen

I will provide a rate so yummy that you will shit in you pants when you hear it
 
Ahhem..... if you know how forex works and if you know how to work a float, you can make millions. But screw Canadian dollars. You wont be able to buy a used condom with that exchange rate.
 
wickedDUDE said:
To other canadians out there... out do you convert your u.s dollars to canadian?
Click to expand...

Whatever you do, don't do it directly with your business account. <-- Assuming you have a US & CAD chequing account linked to your online banking. Banks charge out the ass for biz.

I heard you can get a better rate with Western Union.. never tried though. I've done most of mine online with my personal accounts when the CAD is low.
 
1. Get a preferred rate with your bank, typically they have minimums of $400,000+ per year.
2. Compare the above rate to what Knightsbridge offers.. They have very competitive rates. You wire them the USD, and they'll wire you back the CAD same day.
3. Alternatively, if your bank agrees to give you a preferred rate -- approach them with what's offered in #2, and if they care for your business they'll beat it always.

I need to swap quite a bit to pay my taxes too, but the exchange rate sucks. Going to wait till it hits at least 1.06 before I make another swap.. Better to pay interest to CRA than swap large amounts at an unfavorable exchange rate.
 
FOREX... Get a non-dealing desk trading account and execute an order. Scalp it to cover the spread then feel like a genius.

The only downside is your brokerage is probably going to pay out back in your currency. At least you'll feel like a winner though...
 
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