Book and track your international money transfers all from the palm of your hand!
Take a look at our discount exchange rates for our customers.
Free online currency conversion for over 50 currencies.
Compare up to five pairs of currency exchange rates. Get free charts, news and commentary.
Check out seasonal patterns, long term charts, raw data, period average exchange rates and much more.
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As we look ahead to the remainder of 2017, it makes sense to review the calendar to identify other key events that have the potential to cause significant volatility in currency markets.
Guide on how long your funds will take to arrive when using CanadianForex.
Save money with competitive exchange rates and pay low or no fees at all. Benefit from our personal service and 24 hours a day / 7 days per week support.
Transfer funds in over 50 currencies, from AED to ZAR. Check our supported currencies list for the currency you need.
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Watch this short video and see how easy it is to send money overseas.
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Since its launch in 2007, CanadianForex has grown to be one of the world’s largest online foreign exchange companies.
Foreign exchange transfers often bring a lot of questions. See a list of questions our customers ask most often.
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How we protect you and how to protect yourself
A Letter of Credit [L/C] is a great business tool for importers to protect their own, as well as their supplier's interests. An L/C is essentially a bank guarantee for payment of supplied (imported) goods. It is often at the request of the overseas supplier that payment for goods are made in advance to protect them from default on payments.
While CanadianForex doesn't issue L/Cs, we can help you save money on the foreign exchange transfer involved.
A simplified L/C process would take place as follows:
Now here's where CanadianForex comes in...
Ordinarily, the issuing bank would debit the importer's account in their local currency, and convert it at the bank's chosen rate to pay the supplier in the foreign currency. By advising their bank not to proceed with the debit of their bank account, an importer can have CanadianForex make the conversion. Payment would then be made to the issuing bank in the foreign currency. CanadianForex does not charge extra for this service, and savings can be substantial. Payments for L/Cs still attract the same competitive CanadianForex rates.
Please contact us for more details or fill in the form below.
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