How to Get the Best Foreign Exchange Rates

23 June 2011 - Which Way to Pay

Email Article Print Article

How to Get the Best Foreign Exchange Rates

Moving money from A to B is so easy you can do it in your sleep if A and B are both within Canada.  But what happens if you want to send money to another country? 

Getting the best foreign exchange rates is vital when sending money to an overseas bank account which is why it is important to know where to get them from!  Many people automatically go downtown to their regular bank, but this is by no means the most cost-effective way to go! 

Traditional banks charge terrible exchange rates (a widely accepted fact), the transfer speeds are often slow, and you may be charged fees and commission in addition to the transfer. 

To get the best rates, start by figuring out the following essentials:

- How much do I need to send?
- Which country am I sending to?

If you need to send several thousand dollars, a foreign exchange broker is the cheapest and best way to go.  They can offer a far better service than the regular bank, including:

- Unbeatably good exchange rates
- One-to-one service (your own broker on call or email)
- NO commission and NO fees
- Instant transfers available
- Bank-to-bank transfers to almost anywhere in the world

Need to send a smaller transfer amount?  Then head for the Money Transfers section on our site.  The companies listed here are also able to offer exceedingly good exchange rates and an overall high quality service for free



Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Pet Insurance. Most family's have that loved pet in there life , lets make sure they are insured .
31 August 2018
Which Way To Pay
Pet Insurance is something that not everyone is aware of and how it can save you thousands of Dollars.
Avoid the middle man when wanting to lend some extra funds.
04 April 2017
Which Way To Pay
Peer to peer lending is one of the best ways to lend money as your are basically cutting out the middle man.
More and More Canadians on a daily basis are purchasing the incorrect Travel Insurance policy's they need for the trip they have planned.
30 August 2016
Which Way To Pay
Studies have n recently more and more Canadians are purchasing the incorrect Travel Insurance covers which is then causing problems when the claims are to be made.