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For many public corporations, employee stock options have subject to tax in Canada in respect of the option benefit; and (v) the employer of the and designing any amendments to equity-based incentive programs which.

A foreign exchange broker is always going to charge a fee. Rob, any info would help for an exchange of Iraqi Dinar, and for the Vietnamese Dong.

I am talking about an exchange in millions, for US dollars. We regularly import goods from China, and used various currency brokers in past, so totally agree on that front. All saved me a stack of money versus the banks. I had a demo with one of their guys recently — you log on, enter requirements and get quotes from competing providers.

Going to book in my first live transfer in the next week or so, so will let you know how it goes. We regularly trade for clients with activities in China, we can trade CNY easily and seamlessly. I would be interested in knowing how you are currently trading and what kind of risk can be removed completely in terms of hedging. That is my question i. Best Regards.

So this is normally supposed to be used to trade currencies but you can use it also just to trade one time from one currency to another. There are several possibilities but Interactivebrokers is one that works for this. Any opinion on these, or one that you might recommend? The lowest cost but difficult to use method is to start a trading account for example with Interactive Brokers.

I am a us resident, canadian citizen. Hi Rob, great article. I wonder if you can help. Can you suggesst the best option in order to minimise exhorbitant bank charges. Many thanks. Hi Richard, all the options in the article will apply. You will need the bank account in Canada and the UK first. Dang, read this info too late.

Depressing how fucking greedy these mofos are. Ever heard of an honest days wage for an honest days labour? This is all electronic, it costs them virtually nothing.


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It is all well and good the people do not understand the banking cartel system, if they did there would be a revolution before the morrow. To paraphrase the late great Henry Ford. The issue I think is that the fees are not declared. If they itemized how much they were making on the currency exchange and told you they were ripping you off that would be more acceptable in my view.

I mean both accounts are USD account but in different countries. How can I avoid that? Thanks for your help. Hi Rob, Great website. I am presently employed in Australia and earn aussie dollars. Every month my salary is transfered and converted via Swift to my account with Nationwide in the UK. I have noticed that the exchange rate given is quite different from the published bank rates to my detriment.

Australian dollar to US dollar exchange rate

Is there a bank that gives better rates in UK? Hi Steve, yes any of the options mentioned in the article will work, but these are not banks. I have investments overseas that will mature soon and I will be receiving EUR. They must send it to a bank account with my name affiliated with the account. Do you know if Wells Fargo would indeed be the best bank for me to have wire come into in terms of round trip fees? Unfortunately I must have a bank account with my name attached, or else I would use one of the other mediums you mentioned.

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The best option is to open a euro account in Europe or maybe in the US is possible also and receive the money there and then use one of the services in the article to exchange to your US dollar account. But yes if the transfer is lower in amount then the wire transfer fee will be a bigger component of the transfer. Hi, thank you for your article. It was really helpful. I do have a question though so could you please e-mail me back if possible? I do travel a lot as a doctor and I constantly lose money from the bank transfers and the currency exchange.


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  • I am from Greece so I have a Euro bank account in Greece but when I need to transfer money from my Greek bank account to my English one there is obviously a huge amount missing due to the hidden fees. I will probably be in US next year as well so I will need to change again soon. I really need some solutions on that. I also saw the transfer wise recently but I do not know if this is the best solution.

    Any help would be much appreciated. The solutions in the article should really work ok for you , currencyfair. Thank you so much for taking the time to get back to me. I appreciate the guidance. Best regards. Thanks Rob for a great article. Thank you very much for the information. Can you please send me the name of the company I can use to transfer over k without commission?

    I regularly exchange amounts over USD , We have been using Oanda, but they have just pulled their currency conversion service. Seems to be a lot of requests for this info. Thanks for such an informative article Rob! Hi Rob Great article. Could you send info on this. Would be appreciated. Hi there, I have started dropshipping in the US from Australia.

    Just testing the waters at the moment and my method purchasing with credit card and receiving cash with paypal is proving costly with the exchange fees etc.

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    I have done some research on how to do what I want to do and I have come up with no solution so far. I want to cash the cheque into Australian dollars in London, the reason being is the Australian dollars in the market at the moment is very poor against the pounds, so I want to hold onto the Australian dollars until the Australian dollars recovers to a reasonable rate conversion to the pounds.

    Not really possible unless you hold a multi-currency account in London which I think is not common. Could do it if you have a private banking arrangement, but honestly I think the answer is to open a new account in Australia or take the hit on the currency exchange. Hello I am a french living in the UK. The companies mentioned in the article will work for you, currencyfair. Thanks heaps. I have received a cheque for 1, British pounds Barclays! Hi Heather, if you received a check you must deposit it to an account. You should check with your Canadian bank if they will even deposit a check in pounds!

    I need to transfer euros from an account in France to a U. What is the best way to avoid or lower the currency conversion fees? They charge 0. Thanks Rob for your article.

    What is a currency converter?

    Very helpful. I signed up for xe. So even though their transaction fees are very small, they also make a huge profit from the hidden fee. Is there any company out there that provides an exchange rate closer to the interbank rate? Hi, yes companies like Ozforex. I did not realize that xe. I Get That Too!! What A Rip Off!!!

    Hello Travelex. I just checked your site. The current exchange rate is The current interbank rate is The difference is 3. You should be more transparent. So the total fee is 3. If this is not true then please prove it by giving the exact rate of exchange for today and I will compare it against the interbank rate. Yes sure the article gives instructions on how to minimize the fees.