Canadian Foreign Exchange Tips

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Canadian Foreign Exchange Tips
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• The Canadian Dollar, Canadas official currency,
  has fluctuated above the American Dollar in
  recent years. Despite these increasing costs, the
  demand for American currency hasnt slowed as
  Canadians still frequent across the border.
  Whether you are looking to snowbird in Arizona
  for the winter, or if you just like to shop in
  America or online in American, a few foreign
  exchange tips could save you big.
• Plan Ahead
• Many companies offer foreign exchange services.
  Think of exchanging currency as buying currency.
  The purchase of foreign cash just that, a
  purchase.

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• Once you understand that you are purchasing
  foreign cash, it become common sense to buy that
  cash from the company that offers it at the
  lowest price.
• Because foreign exchange is based of supply and
  demand, the rates on exchange can change daily.
  Planning ahead and knowing what is a good
  rate-and what is not- can help you save on
  foreign exchange fees.
• Best Places to Exchange Currency
• One of the most common places to exchange foreign
  cash are banks. Banks carry many different types
  of currency and in most cases can exchange cash
  for you on the spot. The downside exchanging at
  banks is that the charge a fee that is generally
  higher than other private companies.

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• Another place to exchange foreign cash is a
  private company, such as Calforex Currency
  Exchange. Calforex Currency Exchange is a
  Canadian owned and operated company that
  exchanges, or sells, you foreign cash at a lower
  rate than the banks. They also offer you most
  foreign currencies on the spot when you exchange.
  They essentially sell you the cash at the
  cheapest price.
• Calforex Currency exchange also offers you the
  ability purchase cash online, and even have
  foreign cash delivered to your door, saving you
  time and money over the traditional bank.

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• If you choose not to exchange Canadian to
  American in cash before your trip, you can still
  make purchases using a credit or debit card. Keep
  in mind that these purchases are generally also
  charged a foreign transaction fee. This means
  that while you may know how much the teller told
  you you owed them, you dont actually know how
  much a transaction cost you until you check your
  bank statement.
• Common Foreign Exchange Mistakes
• Common exchange mistakes can occur when youve
  left exchanging your cash to the last minute.
  Maybe you planned a trip and forgot to obtain
  foreign cash or maybe the trip was unexpected.

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• Leaving exchanging your foreign cash to the last
  minute means you may not get the best rate of
  your cash. It also means you may feel the
  pressure to purchase cash quickly, leaving you to
  purchase from convient, and more expensive
  companies such as at airports. The rates offered
  at these locations will almost always be much
  higher than anywhere else.
• Once exchange is understood as a purchase, it
  makes sense to buy cash where youll save the
  most of your hard-earned money. While foreign
  exchange rates can never be guaranteed over a
  period of time, following these simple tips can
  guarantee you pay the lowest rate for your money.

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• Calforex Currency Exchange offers the best rates
  on foreign exchange for cash, bank drafts, wire
  transfer, ACH, and more. With over 120 currencies
  in stock and exchange rates way better thank the
  banks Calforex saves you money over the banks
  while providing great service. With locations
  across Canada we have served Canadians for over
  30 years and look forward to serving you. Visit
  our foreign exchange in Toronto, Ottawa, Calgary,
  Victoria, Edmonton, Montreal.