General Question

bolwerk's avatar

What's a good place in the USA to trade foreign currency at the face exchange rate?

Asked by bolwerk (10347points) March 15th, 2011
10 responses
“Great Question” (0points)

I have a lot of Canadian money lying around that I’d like to get rid of.

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Answers

Austinlad's avatar

You’ll probably do best at your own bank if they do exchanges.

WestRiverrat's avatar

No matter where you exchange them you will have to pay a fee. Your bank is the most apt to give you the best deal.

Or you could just plan a weekend in Canada and not have to exchange any cash.

Response moderated
bolwerk's avatar

Hmm, my bank sucks about that sort of stuff. That’s why I’m asking.

Tropical_Willie's avatar

All exchanges I have taken foreign money to will charge a percentage for processing.
Are you trying to avoid paying this?

WestRiverrat's avatar

Maybe see if a competing bank will give you a better deal if you move your account to them.

bolwerk's avatar

@Tropical_Willie: or at least greatly minimize it.

coffeenut's avatar

With the current trend of of the Canadian Dollar you may want to keep it…for a little wile… see how high it gets

bolwerk's avatar

It’s like $50. Enough to be worth it to exchange, but not enough for investment.

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