- April 15, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Exchanging AUD to CAD: A Guide to Understanding Bank Fees
I currently have a sum of AUD cash that I am looking to exchange for CAD. Specifically, my concern revolves around how the bank, in this case TD, would handle the exchange. For example, if I were to exchange 35 AUD and receive 31.47 CAD in return, would TD subtract any additional fees from the 31.47 CAD, resulting in a lower amount returned to me? Or would I receive the full 31.47 CAD without further deductions?
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TD is selling you their CAD with a profit baked into the rate of exchange
The exchange rate that they tell you has their fee already taken out.
2.5% for such a small amount.