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As the oil prices are getting back on track, now is the Best Time To Buy Canadian Dollars for Americans who plan on visiting Canada. The exchange rate 1 US = 1.26 CAD. I personally start shopping for the Canadian dollars since I visit Canada often. Unfortunately, you will not be able to get this exact exchange rate. Exchange companies like Travelex are probably one of the best places to exchange your currency ( well unless you are in a store at Canada and the owner treat Canadian dollar equal to U.S. Dollar ).
– Western Union : While there is a $5 for exchange fee, Western Union offer you one of the best rates, since their exchange rate in each hundred give you like $3 – $4 more, I would suggest not to use them unless you exchanging an amount of $250 or more.
– TD Bank : If you already in Canada, TD Bank offer a decent exchange rate. You don’t have to worry about pre-order, and the they open 24/7.
– Credit Card : Not all Credit Card are a good option, You will want to have a credit card that has no foreigner exchange Fees ( Bank Of America is a good example. They have no foreigner transaction fee also, if you have a Bank account with them, they have an okay exchange rate (they don’t offer the best rate). Bank of America is not the only Bank that has no foreign transaction fee ( you will want to check with your bank ). The only reason I am highlighting Bank of America, is they have the option to order online as well if you have an existing account and send it to you ( up to $1000 ) If you got a tip on a better way to exchange U.S. Dollar to Canadian, we would love to hear from you.
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