Sentences with phrase «spread on the conversion rate»

Not exact matches

And on top of that once you sell a security they forcefully convert it back to Canadian dollars at a «reasonable rate», problem is that also with conversion of currency there is a spread, so you end up getting hit anyways.

In other words, your bank has a cash EURUSD of $ 1.30 but the conversion you get at the ATM is Visa's rate, hence the Visa fee (but it's typically a nicer spread, or it's sometimes the international spot rate depending on the circumstances, due to the overhead of electronic transactions).

Clients enrolled in the U.S. - Friendly RRSP will not be subject to a retail spread on FX conversions for U.S. equity, options and mutual fund trades executed in the account, and a mid-market SCI Rate will be applied to the trades executed.