TD Bank Currency Exchange Estimator
Canadian Dollar (CAD)
US Dollar (USD)
Euro (EUR)
British Pound (GBP)
Japanese Yen (JPY)
Australian Dollar (AUD)
Mexican Peso (MXN)
Indian Rupee (INR)
Canadian Dollar (CAD)
US Dollar (USD)
Euro (EUR)
British Pound (GBP)
Japanese Yen (JPY)
Australian Dollar (AUD)
Mexican Peso (MXN)
Indian Rupee (INR)
Estimated Conversion:
*This calculator uses estimated rates including a simulated bank spread (approx. 2.5% over mid-market). Actual TD Bank rates are set at the time of transaction and may vary based on amount, client status, and market volatility.
Understanding TD Bank Exchange Rates
When converting currency through major financial institutions like TD Bank (Toronto-Dominion Bank), the exchange rate you receive differs from the "mid-market" rate often seen on Google or news sites. This calculator estimates the final amount you will receive by factoring in typical bank spreads associated with cash or non-cash foreign exchange transactions.
How Bank Exchange Rates Work
TD Bank, like most retail banks, makes revenue on foreign exchange by applying a "spread" between the buy and sell price of a currency.
- The Buy Rate: The rate the bank pays to buy foreign currency from you (converting Foreign Currency to CAD/USD).
- The Sell Rate: The rate the bank charges to sell foreign currency to you (converting CAD/USD to Foreign Currency).
- The Spread: The difference between these rates and the mid-market rate. For standard consumer transactions, this spread typically ranges from 2% to 3.5%.
Factors Influencing Your Rate
Transaction Amount
Larger transactions (often over $10,000) may qualify for "preferred rates" closer to the market mid-point.
Larger transactions (often over $10,000) may qualify for "preferred rates" closer to the market mid-point.
Currency Volatility
Currencies with high fluctuation (e.g., emerging markets) often have wider spreads to protect the bank from risk.
Currencies with high fluctuation (e.g., emerging markets) often have wider spreads to protect the bank from risk.
Client Relationship
Borderless Plan holders or premium banking clients at TD may receive waived transaction fees or better rates.
Borderless Plan holders or premium banking clients at TD may receive waived transaction fees or better rates.
Cash vs. Digital
Ordering physical cash often carries a higher cost or different rate compared to wire transfers or global transfers.
Ordering physical cash often carries a higher cost or different rate compared to wire transfers or global transfers.
When to Use This Calculator
Use this tool to estimate costs for:
- Planning vacation spending money (e.g., converting CAD to USD or EUR).
- Paying bills in a foreign currency.
- Estimating proceeds from foreign checks or deposits.
- Comparing bank rates against specialized FX brokers.
Note: For exact real-time rates, always log in to your TD EasyWeb or mobile banking app, as rates change instantaneously during market hours.