What is the
best Send Money conversion rate for CHF to CAD?
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Swiss franc (CHF) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
TD Bank - Franc to Loonie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
TD Bank and other foreign exchange providers against the latest CHF-CAD mid-rate and the possible savings of using various providers.
How do TD Bank CHF-CAD rates compare between providers?
The next best is XE at 1.7115, -0.6% from the mid-rate.
Then Wise at 1.7097, which is -0.7% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like TD Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.