The exchange rates are set by the government and should be the same everywhere. Pesos are the best currency to use in Mexico. Convert some Canadian dollars to Pesos before you go, or when you get there. Jump to: The 4 best 'no foreign exchange fee' credit cards. Jump to: Ways you can exchange money - from worst to best. Asi: I would say that assuming you exchange your money in Canada at a place with the best exchange rates such as Calforex in Calgary , it's unlikely you'd do much better exchanging it in the U.

The story can be different for more exotic currencies, where you might be better off waiting until you get to the destination to exchange. Thanks for this! Not sure how I missed the original post but just ordered the Scotiabank card. Just an FYI that the 25, point offer looks like it ends on June 30th, so all applications have to be submitted by then to qualify for the offer.

Just in time for our trip to Florida in July! For people whom go to the US for six months out of the year. Have you heard of this? Thank you for the great post. What's your opinion on getting Japanese Yen? Should I buy it in Calgary or in Japan? Thanks again. I would think Japanese Yen would be common enough that a place like Calforex could offer pretty competitive exchange rates. Not sure about local banks. When you try the order form on the Calforex website, it shows what they're using as the exchange rate.

When I compared it against today's 'true' exchange rate from XE. I would then multiply by 1. So in this case, x 1. You can then call Calforex and ask how much 25, Yen would be, and see if it's close to that number.

Each branch sets their own rates. I can't say I had heard of the Canadian Snowbird currency exchange program, but I took a look and it seems legitimate. My best guess is that being a not for profit organization, it probably is a bit better rate than the banks usually give. You can compare that against the live rates from XE.

For example, today's live rate on XE. Adding 0.

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And the Snowbirds are claiming to offer 1. Thanks for the info and websites, Chris! I used to go to Global Exchange and buy currency when the exchange rates were good, but GE does not exist any more. Doesn't Calforex want a high minimum transaction?

In my research I found that AMA offers a not bad price to purchase. I am not a member though so can't use it. Another way to avoid FX fees is to use "Norbert's Gambit", which is, in essence, using the stock markets to convert currencies. This is handy for larger sums. The Cheapest way I've found to change money to the Philippines is to remit it. There's a way to remit it to a certain place, but if you have a close Filipino friend or loved one, you can send it to their bank. Purchases are OK with the card.. Hello Chris, Can you double check your information on the Rogers cards?

It appears they have a few of 2. Thank you. The Rogers cards are a little different in that they charge the 2. Email optional. Website optional. Asi on June 13th, Is it better to exchange usd in Canada or exchange when we get to U. Spence on June 28th, Thanks for this!

Maria on July 4th, Great information. Guess I have more of a? Julia on July 9th, Thank you for the great post. Chris Myden on July 9th, Hi Julia, I would think Japanese Yen would be common enough that a place like Calforex could offer pretty competitive exchange rates. What you can do is see how much, say, 25, Yen would cost using XE.

Colleen on July 9th, Thanks for the info and websites, Chris! I use all three of the above techniques to avoid the FX fees like the plague. Hope you all find these suggestions helpful. Luke on November 4th, The Cheapest way I've found to change money to the Philippines is to remit it. Submit Search. Home Explore. Successfully reported this slideshow.

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