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You may also have to pay currency conversion fees which mean you end up with a It's worth knowing that the mid-market rate isn't always available from your regularīank or currency exchange service. The CAD/USD mid-market exchange rate today is 0.7935. account to which funds are to be sent is closed).Ĭonversion: EUR100 x 0.80 = C$80 deposited to your account.CAD to USD exchange rate FAQ How much is 500 CAD to USD today? You come to a branch to send EUR100 by wire transfer from your Canadian Dollar account.Ĭonversion: EUR100 x 0.75 = C$75 withdrawn from your account, converted to EUR100 and sent by wire transfer. Similarly, if the funds you sent are returned or reversed, the amount returned to you may be different than the amount withdrawn from your account for the transfer because of exchange rate fluctuations. insufficient funds in the account of the person who wrote the cheque).Ĭonversion: US$100 x 0.80 = C$80 withdrawn from your account. You come to a branch to deposit a US$100 cheque into your Canadian Dollar account.Ĭonversion: US$100 x 0.75 = C$75 deposited to your account.Ĭheque is returned unpaid (e.g. The amount debited may be different from the amount deposited because of exchange rate fluctuations. The exchange rate we use is our applicable rate in effect when the debit is posted to your account. cheque or wire transfer) that were converted to the currency of your account before they were deposited), and then that deposit is reversed or returned, we convert the funds (in the original currency of the funds deposited) to the currency of your account, and then debit the converted amount from your account. This reflects our costs and risks of shipping, handling and holding foreign currency in cash.Įxchange rate fluctuation risk – returns and reversals
500 CAD TO USD UPDATE
We update our Retail exchange rates frequently throughout the day based on many factors, including: 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.įor 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. 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. The exchange rate we use is our applicable exchange rate in effect when the deposit is posted to your account.
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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.
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Exchange rates fluctuate throughout the day. For example, the exchange rate determines how much in Canadian Dollars it will cost to purchase U.S. A foreign currency exchange is a purchase that occurs when you purchase foreign currency from us or we purchase foreign currency from you.Īn exchange rate is the price at which one currency can be purchased or sold for another currency. When we refer to foreign currency, we are referring to a currency other than Canadian Dollars. This information is for our Personal Banking Customers.