USD to CAD (US Dollar to Canadian Dollar)
CAD to USD (Canadian Dollar to US Dollar)
USD to EUR (US Dollar to Euro)
EUR to USD (Euro to US Dollar)
*Enter the rate shown on your TD Bank portal or a current market estimate.
Converted Amount
0.00
Effective Rate (After Fees)
0.00
// Standard estimation rates for placeholders (NOT live data)
var defaultRates = {
"USD_CAD": 1.3650,
"CAD_USD": 0.7320,
"USD_EUR": 0.9200,
"EUR_USD": 1.0870
};
function updateRatePlaceholder() {
var direction = document.getElementById("currencyDirection").value;
var rateInput = document.getElementById("exchangeRate");
if (defaultRates[direction]) {
rateInput.placeholder = "e.g. " + defaultRates[direction];
// Optional: Auto-fill for user convenience, though manual entry is better for accuracy
// rateInput.value = defaultRates[direction];
}
}
function calculateExchange() {
// Get Inputs
var amount = parseFloat(document.getElementById("sourceAmount").value);
var rate = parseFloat(document.getElementById("exchangeRate").value);
var fee = parseFloat(document.getElementById("transferFee").value);
var direction = document.getElementById("currencyDirection").value;
// Validation
if (isNaN(amount) || amount <= 0) {
alert("Please enter a valid amount to convert.");
return;
}
if (isNaN(rate) || rate 0 ? "Total Cost: " + sourceSymbol + totalCostToUser.toFixed(2) + " (Includes " + sourceSymbol + fee.toFixed(2) + " fee)" : "No extra service fees applied.";
feeDisplay.innerHTML = feeText;
resultDiv.style.display = "block";
}
// Initialize placeholder on load
updateRatePlaceholder();
Understanding TD Bank US Exchange Rates
When conducting cross-border transactions between the United States and Canada, or converting USD to other global currencies through TD Bank US, understanding how exchange rates are calculated is vital for your financial planning. Whether you are using the TD Cross-Border Banking service or sending a wire transfer, the rate you receive differs from the rate you might see on Google or financial news sites.
Important Note: This calculator is an estimation tool. The actual exchange rate provided by TD Bank (TD Ameritrade or TD Bank N.A.) is set at the moment of transaction and includes a spread charged by the bank.
How Bank Exchange Rates Work
TD Bank, like most major financial institutions, utilizes two primary components to determine the exchange rate offered to customers:
Mid-Market Rate: This is the midpoint between the "buy" and "sell" prices of two currencies on the global market. It is often the rate you see on standard currency converters.
The Spread (Retail Markup): Banks add a margin (spread) to the mid-market rate to cover costs and generate profit. This is why the rate you get when buying CAD with USD is lower than the spot market rate.
TD Cross-Border Banking (USD/CAD)
One of the most common uses for a TD Bank exchange rate calculator is for Cross-Border Banking customers who hold accounts in both the US (TD Bank, America's Most Convenient Bank) and Canada (TD Canada Trust).
Key Factors Affecting Your Rate
Transaction Volume: Larger transfers often qualify for slightly better exchange rates (tighter spreads) compared to small, everyday transactions.
Transfer Method: Rates may vary depending on whether you are using Global Transfer, a wire transfer, or simply moving money between linked cross-border accounts.
Market Volatility: Currency markets fluctuate every second. The rate quoted at 9:00 AM may differ significantly from the rate at 3:00 PM.
How to Use This Calculator
Since bank rates are not static, this tool allows you to input the specific rate offered to you in your online banking portal to verify the final conversion amount before you click "Send".
Input the Rate: Check your TD online banking interface for the current "Customer Rate" and enter it into the "Exchange Rate" field.
Check Fees: If there is a fixed wire transfer fee (e.g., $15 or $25), enter it in the "Transfer Fee" field to see your effective exchange rate.
Calculate: The tool will show you exactly how much foreign currency will arrive in the destination account.
Example Calculation
If the current mid-market rate for USD to CAD is 1.38, TD Bank might offer a retail rate of approximately 1.35. If you convert $1,000 USD:
$1,000 USD x 1.35 (Client Rate) = $1,350 CAD.
If you were to get the raw mid-market rate, you would have received $1,380 CAD. The $30 difference represents the cost of the currency conversion service (the spread).