When I moved to TDDI, they were one of the few ones around that offered wash trading in registered accounts, which helped save a pile
on currency conversions when switching from foreign stocks to broad market ETFs.
But as always, that assumes you're not getting gouged
on currency conversion when you trade in US dollars.
Not exact matches
The company believes that this new addition to the market will greatly benefit European Bitcoiners, who can use the card to save money
on currency conversion fees
when traveling around the region.
Travellers using Get4x to search for and compare rates can save
on conversion fees
when they lock in a favourable rate through a
currency booking.
When it comes to
currency -
conversion charges, I think the main thing to avoid is getting hit multiple times
on the same assets.
Domestically - listed foreign ETFs can also help you minimize the extensive
currency conversion round trips that occur
when Canadians use the $ CDN to buy $ USD ETFs or stocks
on U.S. exchanges.
On the US selection, how do you account for the
currency conversion costs
when you buy and sell VTI?
The automatic washing helps in saving
on currency conversion charges
when selling a security denominated in US dollars and buying another USD security even
on different days.
Also, an initial
currency conversion charge will be incurred
when buying ETFs that are listed
on US exchanges.
Is there any way to avoid the initial
currency conversion from CAD to USD in RRSP accounts
when wanting to purchase ETFs traded
on US exchanges?
However, based
on our conversation with the agent, it appears the intention with this change is to eliminate
currency conversions from applying — meaning
when points are simply exchanged from one program to another instead of being earned.
But just using a credit card that doesn't charge foreign transaction fees is often not enough to make sure you're not paying more than you should be
when making purchases abroad — I'm referring specifically to the practice of «dynamic
currency conversion» so if you already know all about this feel free to move
on to another post (there's a pretty good rant about BA here if that's more to your liking).
When you do charge in a foreign
currency, while Visa or Mastercard do convert at a reasonable exchange rate, your bank may apply a 3 % or so
conversion fee
on the converted amount, tending to even things out.
Using your rewards - earning credit card for your foreign purchases will not only result in getting charged the best
currency conversion rate
when you make the purchase, you'll also be earning rewards
on those purchases.
Cortana also knows
when you are traveling and collects relevant, useful information from your email, such as flight info, weather at your destination,
currency conversion if you are traveling internationally, and then looks out for you, filters out the noise — and helps you stay
on top of what's important.