Sentences with phrase «exchange conversion»

Even though it's not as simple as just converting the cash right away, this method has saved me hundreds of dollars in foreign exchange conversion fees.

I account for trading commissions, foreign exchange conversion fees and even bid - ask spreads.

The issues were whether foreign exchange conversion costs were properly characterized and disclosed on bank credit card statements, and what level of government has jurisdiction over this aspect of the banking system.

Lastly, consumers will be happy to know that the foreign exchange conversion rate used is quite close to the spot rate.

Within a standard credit card agreement there is a clause stating you need to pay the exchange rate when an item is purchased and a foreign exchange conversion fee (typically 2.5 %).

I account for trading commissions, foreign exchange conversion fees and even bid - ask spreads.

This is not a model portfolio; it reflects investment returs that can be obtained in the real world because it accounts for costs such as spreads, trading commissions, MERs, foreign exchange conversion charges etc..

The reader said that TD Waterhouse offers a second method of avoiding foreign exchange conversions on dividends received from US - listed ETFs.

But, in addition to the foreign exchange conversion risk that Dheer has pointed out to you, have you given any thought to what is going to happen with that credit card?

Note that a bid - ask spread of 20 cents (DLR.U is targeted to trade at $ 10) will wipe out any savings on foreign exchange conversions at a typical discount broker.

They can do so by either waiving the retail markup on foreign exchange conversions for US dollar dividends or allowing clients to wash US dollar dividends into the TD US Money Market Account (TDB166).

This is not a model portfolio; it reflects investment returns that can be obtained in the real world because it accounts for costs such as spreads, trading commissions, MERs, foreign exchange conversion charges etc..

Like many others out there, one of my pet peeves is foreign exchange conversion costs — and conversion costs for stock trading are no different.

This is not a model portfolio; it reflects investment returns that can be obtained in the real world because it accounts for costs such as spreads, trading commissions, MERs, foreign exchange conversion charges etc..

Conclusion: foreign exchange conversion fees can quickly increase your travel costs.

@mj: Yes, the foreign exchange conversion fees are very high.

Fortunately, some brokers provide their clients a way to avoid these expensive and hidden foreign exchange conversions.

Clients who have accounts at the few holdouts should demand that their broker offer a way to avoid punishing foreign exchange conversions.

To avoid the foreign exchange conversion fee my broker (Questrade) typically charges (2.5 %) I buy shares in an ETF that tracks the US currency.

In addition to estate tax considerations, a TSX listing helps eliminate the need to do foreign exchange conversions.

This is not a model portfolio; it reflects investment returs that can be obtained in the real world because it accounts for costs such as spreads, trading commissions, MERs, foreign exchange conversion charges etc..

I think 5 basis points is acceptable especially considering I paid close to the spot price on bulk of my foreign exchange conversions.

This is a real world portfolio: every transaction is made at the bid price, commissions are paid and foreign exchange conversions are done at retail rates.

Amount transmitted (amount received must be the investment amount as indicated in the invest form, after bank charges / exchange conversions)

Unfortunately the author is unable to confirm that TD Waterhouse clients are able to avoid forced foreign exchange conversions.

If I were you I'd look into ways to cut down on the initial hit from foreign exchange conversions.

(MER difference) * x = trading commissions + (portion in foreign stocks * x * foreign exchange conversion fee) / y

@Michael James: Off the top of my head, I can think of other profit centres: margin loans, cash balances, foreign exchange conversions, trailer fees etc..

Assuming a 2.5 % one - way conversion fee (anyone notice how discount brokers seem to have bumped up foreign exchange conversion charges), a 2 % dividend yield and assuming all dividends are reinvested in the same securities, you'll see savings only if your USD holdings exceed $ 50,000.

The difference between the lowest and highest after a foreign exchange conversion was as much as $ 88 on a $ 2,500 (USD) trade.

This is not simply a model portfolio; it reflects investment returns that can be obtained in the real world by accounting for costs such as spreads, trading commissions, MERs, foreign exchange conversion charges etc..

Only transaction fee you will be paying from ETF is exchange conversion and $ 9.99 per trade at major banks.

Constitutional law: Plaintiffs in this class action allege various banks breached the Consumer Protection Act by refusing to define their credit cards» foreign - exchange conversion charges as «credit charges.»