TD conversion rates

TD Exchange Rate & TD Currency Exchange

TD Bank is one of the largest banks in Canada and has a notable international presence. But how does it do when it comes to exchange rates? Not very well. Ironically, TD offers much better exchange rates outside of Canada than it does in Canada! That is because they face less competition in Canada. In general, bank exchange rates are not very good given the concentration of the banking industry.

A recent survey looked at TD exchange rates relative to the best available rate from a reputable foreign exchange dealer and here is what it found. Almost, in all circumstances, the TD exchange rate was worse. Below is a table of some of the currencies from the survey and the savings from using Interchange Financial instead of TD.

Currency Pair  % difference of TD exchange rate with market rate Savings with us
Get the Best Exchange Rate
TD US exchange rate – USD to CAD 4% $230
TD Euro exchange rate – EUR to CAD 5% $176
TD British Pound exchange rate – GBP to CAD 4% $162
TD Chinese Yuan exchange rate – CNY to CAD 13% $200
TD Japanese Yen exchange rate – JPY to CAD 5% $140
TD South African Rand exchange rate – ZAR to CAD 16% $380
TD Mexican Peso exchange rate – MXN to CAD 8% $234
TD Czech Koruna exchange rate – CZK to CAD 15% $254

The savings shown assume an amount of $5000 of the foreign currency purchased.  You can see the TD exchange rate on different foreign currencies here and you can see Interchange Financial exchange rates for yourself here.

Availability

TD bank branches do not carry foreign currency and for the most part you will have to pay ahead of time and pick up the currency a week or so later at a branch.  Again, a reputable foreign exchange dealer like Interchange Financial will always have all currencies available on the same day.  You can order it online in seconds and then pay when you pick up.  You can also order online for foreign cash for home delivery.

3 easy steps

Ordering Foreign Cash for Home Delivery

 It is a recent innovation but through your bank and through currency exchange companies like Interchange Financial, you can order foreign cash for home delivery across Canada.

Choose your currency

Choose from Canada's largest variety of foreign currencies with confidence, as our Best Rate Guarantee™ ensures that you are always accessing market leading rates.

Choose delivery method

Get your foreign currency delivered securely to your door anywhere in Canada with Canada Post in 2 business days or choose to pick it up from one of our locations instantly.

Online Payment

Pay for your foreign currency quickly and securely with either Interac Online or Interac e-transfer.

What our clients say

Don’t take it from us, see what our client say about us

417 Reviews
Graham WoodGoogle Reviews

This is a great service, I have only used it twice with currency request online. It is easy quick and very secure all from the convenience of your computer.

Dave G.Yelp

Consistently offers the best prices for currency exchange. Fast, professional and easy, especially if you order online and have it mailed.

Jay M.Yelp

They gave me a better rate than the bank would, also better than the place in the Eaton Center. They even had Costa Rican currency in stock, which a standard bank requires ordering in advance.

Gabe MussoGoogle Reviews

Great experience so far with Interchange financial. The staff have been very responsive over email and the service is easy to use. Lock in a quote, tell them the amount, and the money is transferred.

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