Scotiabank has historically been the most international of Canada’s banks with operations in dozens of countries. Scotiabank foreign exchange has never made a serious effort to be competitive in the currency market in Canada but does offer a full suite of foreign exchange services. Let’s look more specifically at Scotiabank exchange rates, including the Scotiabank USD exchange rate, as offered by Scotiabank currency convertor.
A recent survey looked at Scotiabank exchange rates along with other big banks in Canada. It found that nearly in all circumstances, Scotiabank exchange rates were substantially less attractive than those offered by a credible alternative, Interchange Financial. Below is a table of some of the currencies from that survey and the savings associated with using the best available alternative which is Interchange Financial.
