Canada Post Exchange Rate Services
Canada Post offers foreign currency exchange services to its customers through its partnership with CIBC. Customers can visit any Canada Post location to exchange Canadian dollars for a range of foreign currencies, including US dollars, Euros, British pounds, and more.
Canada Post's foreign currency exchange service is provided by CIBC Foreign Cash Online, which allows customers to order foreign currency online and have it delivered to their home or local Canada Post outlet. Customers can also purchase foreign currency in person at a Canada Post location, and can use cash or debit card to complete the transaction.
Canada Post also offers a foreign exchange calculator on its website, which allows customers to calculate the exchange rate for a particular currency pair and estimate the cost of a foreign currency transaction.
It's important to note that fees and exchange rates may vary depending on the currency and location, and customers should always confirm the exchange rate and fees with Canada Post or CIBC before completing a transaction.
How do Canada Post international wire exchange rates compare?
Sending international transfers with Canada Post will include a margin rate of between 5.5% to 10% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).