We’ve been getting the word out to Canadians across the country for years that converting money using your debit or credit card when travelling abroad can be a very expensive way to purchase your foreign currency. You receive sub-par rates and get hit by double fees from your card issuer, and the local bank or […]Read More ›
Thinking of travelling to Brazil, Turkey, South Africa or Indonesia? Now is the time to buy your currency online and here is why… http://www.cnbc.com/2015/09/25/its-carnage-out-there-for-emerging-markets.htmlRead More ›
Traveling is the only way to experience all the beautiful and unique landscapes, architecture, history and culture that the world has to offer, but it isn’t free! In order to make sure that these new experiences don’t break the bank when you get back to reality you need to establish a budget beforehand. Here are […]Read More ›
Are you a student traveling this summer? Are you looking for the best currency exchange rates possible? Interchange Currency Exchange, one of Canada’s largest currency exchange companies, offers a wide selection of currencies at market-leading prices with Canada Post shipping directly to your home. SPC members receive free nationwide shipping through Canada Post. More informationRead More ›
The airport currency exchange counter is a staple of all International Terminals. The flashing red sign displaying exchange rates from every major locale and more than a few far flung destinations may seem like a natural and convenient stop for the international traveler but savvy travelers know to avoid it. These four reasons outlined below […]Read More ›
One of the most common questions asked about the exchange rates and travel is whether credit cards should be used when travelling outside of Canada. And the answer is… mostly no and sometimes yes!
Credit cards used outside of Canada typically incur two charges; one of them is explicit and the other is hidden.
- First, banks charge a “foreign transaction” fee of up to 5% for most charges incurred outside of Canada. This is the explicit charge and varies depending on your credit card and bank.
- Second, credit cards covert your expenses into Canadian Dollars but …
Here we go! Our first blog post ever!
Yeah, we know–we’re not the first out of the gate with the whole blog thing–but we’d like to think that our fifteen-plus-years of obsessing over perfecting our customer service, and our never-ending desire to be price leaders in the foreign exchange retail market, means that we have a thing or two to say about our industry.
Hopefully this experience will allow our blog to find its own niche in the rapidly expanding blogosphere.
So stay tuned, and check in often for foreign exchange market information, useful currency exchange tips (aka money saving tips), and maybe even some laughs along the way.Read More ›