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Understanding the Table:
The comparison table above helps you see the total cost of your Royal Bank of Canada currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The table below shows Royal Bank of Canada Canadian dollar (CAD) Buy Cash exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | Royal Bank of Canada Buy Cash Rate | Cost% |
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RBC uses different bank codes depending on the currency and location of the sending bank. Here are some of the most common bank codes used for receiving foreign wire transfers:
SWIFT Code: ROYCCAT2: This code is used for receiving wire transfers in Canadian dollars (CAD) from foreign banks.
Transit Number and Institution Number: These codes are used for receiving wire transfers in Canadian dollars (CAD) from banks located within Canada.
ABA Routing Number: 021001088: This code is used for receiving wire transfers in U.S. dollars (USD) from banks located within the United States.
CHIPS UID: 0163: This code is used for receiving wire transfers in U.S. dollars (USD) from foreign banks that are members of the Clearing House Interbank Payments System (CHIPS).
Fedwire ABA Routing Number: 026004093: This code is used for receiving wire transfers in U.S. dollars (USD) from banks located outside of the United States.
It's important to note that specific bank codes may vary depending on the currency and location of the sending bank, and it's recommended to confirm the correct codes with RBC before initiating a wire transfer. Additionally, RBC may charge fees for receiving wire transfers, so it's important to check the current fees and policies before initiating a transaction.
RBC offers several credit cards with different foreign transaction fees. Here are some examples:
RBC Avion Visa Infinite Card: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
RBC Cash Back Preferred World Elite Mastercard: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
RBC Visa Platinum: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
It's important to note that credit card terms and conditions can change, so it's always a good idea to check the current fees and policies before applying for or using a credit card for foreign transactions.
If you wish to save on exchange rates and foreign ATM fees then you should consider the Wise multi-currency card.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
For a 1-week mid-range stay in Sweden, a traveler should budget around 15,000–20,000 SEK (approximately 1,350–1,800 USD). This estimate covers comfortable accommodations and daily expenses. Here’s a breakdown of typical daily costs in Swedish Krona (SEK) to help you plan your getaway:
Overall, Sweden tends to be on the higher end of the spectrum, making it an expensive destination compared to both the United States and the UK. For context, dining out and public transport in Sweden generally costs 20–30% more than in the US and 10–15% more than in the UK, though travelers can still find value by seeking out local eateries and transport discounts.
For expats, typical monthly living costs in Sweden can vary widely, but most should expect to spend roughly 25,000–35,000 SEK (approximately 2,250–3,150 USD) when accounting for rent, groceries, utilities, and leisure activities. Renting a one-bedroom apartment in the city center averages around 13,000 SEK.
When it comes to banking and handling money, it’s advisable to use a local bank for day-to-day transactions, as larger establishments generally offer reasonable credit card acceptance, including mobile banking options like Swish. For sending and receiving money, digital services like Wise and OFX can provide better exchange rates and lower fees compared to traditional banks; thus, expats may find it more cost-effective to use these services for international transfers. While local currency exchange at banks or kiosks is feasible, utilizing online platforms is often a more economical option.
View a full list of exchange rates by selecting your Base (from) currency:
