Quote:
Originally Posted by lowside67
The simple answer is that it depends how much money you are looking for.
Since we change large amounts ($50k+ per), TD gives us direct access to the trading desk, which is basically as good as you can get (for reference, on Friday XE.com listed the exchange rate as $1.00usd = $0.98720cdn, we bought at $0.99260).
However, if you are looking to deal in a relatively small amount, they will not give you this type of access and you are probably stuck either dealing with somebody like Custom House or trying to beat the bank up at the branch level to get them to give you access to a VIP or priority rate.
Mark
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that is still not the best rate.
i can get you ~0.0040 on top of the screen rate. you got 0.0054 (you would save about 70 bux at 50grand) if you do ~80k i can get you ~0.0030. and of course the higher the amount the lower the rate, up to roughly 2million (spread is 0.0015 - 0.0020 at that amount). of course it is all negotiable.
but if you bank with td there might be some problems as we dont have a corporate TD account, but the cost of a bank draft or wire would still save you some money.