Canadian Dollar (CAD)
US Dollar (USD)
Euro (EUR)
British Pound (GBP)
Japanese Yen (JPY)
US Dollar (USD)
Canadian Dollar (CAD)
Euro (EUR)
British Pound (GBP)
Japanese Yen (JPY)
Converted Amount:
0.00
Note: This calculator is for estimation purposes only. Actual TD Bank exchange rates fluctuate continuously throughout the day. The "Exchange Rate" field automatically populates with a static estimate, but you should input the specific rate provided by your branch or online banking for accuracy.
Understanding TD Bank Exchange Rates
When converting currency through major financial institutions like TD Bank, understanding how exchange rates are calculated is crucial for budgeting travel, business expenses, or cross-border purchases. Unlike the "mid-market" rate often seen on Google (which is the midpoint between buy and sell prices for large banks), the rate offered to retail customers includes a spread.
This calculator allows you to input the specific Client Rate provided by TD to see exactly how much foreign currency you will receive or how much domestic currency is required for a transaction.
Key Factors Influencing Your Rate
Cash vs. Non-Cash: Rates for ordering physical cash (banknotes) often differ from rates for electronic transfers (wires, Borderless Plan transfers). Physical cash handling involves higher logistics costs, often resulting in a slightly wider spread.
Transaction Volume: For significantly large amounts, customers may sometimes qualify for "preferred rates." It is often beneficial to consult a branch manager for transactions exceeding $10,000.
Currency Pair Volatility: Major pairs like CAD/USD are generally stable with tighter spreads, whereas exotic currencies may have higher fees built into the rate due to lower liquidity.
How to Use This Calculator
To get the most accurate result regarding your TD Bank currency exchange, follow these steps:
Identify Your Currencies: Select the currency you hold (From) and the currency you need (To).
Input the Amount: Enter the total amount of the source currency you wish to convert.
Verify the Rate: The calculator provides an estimated rate based on historical averages. However, for precision, log in to your TD EasyWeb or app, check the current "Customer Rate," and manually update the Exchange Rate field in the calculator.
Calculate: Press the button to see the final converted total.
What is the "Spread"?
The spread is the difference between what the bank pays to buy currency and what they charge to sell it. If the market rate for USD to CAD is 1.35, the bank might buy USD from you at 1.33 and sell USD to you at 1.37. This difference covers the bank's operational costs and profit margin.
// Define a simple matrix for ESTIMATED base rates (Not live data)
// Format: base_target
var exchangeRates = {
"CAD_USD": 0.73,
"CAD_EUR": 0.68,
"CAD_GBP": 0.58,
"CAD_JPY": 108.50,
"USD_CAD": 1.36,
"USD_EUR": 0.92,
"USD_GBP": 0.79,
"USD_JPY": 148.00,
"EUR_CAD": 1.47,
"EUR_USD": 1.08,
"EUR_GBP": 0.85,
"EUR_JPY": 160.00,
"GBP_CAD": 1.72,
"GBP_USD": 1.26,
"GBP_EUR": 1.17,
"GBP_JPY": 188.00,
"JPY_CAD": 0.0092,
"JPY_USD": 0.0067,
"JPY_EUR": 0.0062,
"JPY_GBP": 0.0053
};
// Initialize with default sample rate
window.onload = function() {
updateSampleRate();
};
function updateSampleRate() {
var from = document.getElementById('td-from').value;
var to = document.getElementById('td-to').value;
var rateField = document.getElementById('td-rate');
if (from === to) {
rateField.value = 1;
return;
}
var key = from + "_" + to;
if (exchangeRates[key]) {
rateField.value = exchangeRates[key];
} else {
// Fallback for logic if key missing, though all pairs covered above for demo
rateField.value = 1.0;
}
}
function calculateExchange() {
var amount = parseFloat(document.getElementById('td-amount').value);
var rate = parseFloat(document.getElementById('td-rate').value);
var fromCurr = document.getElementById('td-from').value;
var toCurr = document.getElementById('td-to').value;
// Input Validation
if (isNaN(amount) || amount < 0) {
alert("Please enter a valid positive amount to convert.");
return;
}
if (isNaN(rate) || rate <= 0) {
alert("Please enter a valid exchange rate.");
return;
}
// Calculation
var convertedTotal = amount * rate;
// Formatting Currency
// Using standard formatting, JPY usually has no decimals, others have 2
var decimals = 2;
if (toCurr === 'JPY') {
decimals = 0;
}
var formattedTotal = convertedTotal.toLocaleString('en-US', {
style: 'currency',
currency: toCurr,
minimumFractionDigits: decimals,
maximumFractionDigits: decimals
});
// Inverse Rate Logic
var inverseRate = 1 / rate;
var inverseString = "1 " + toCurr + " = " + inverseRate.toFixed(4) + " " + fromCurr;
// Display Results
document.getElementById('td-final-amount').innerHTML = formattedTotal;
document.getElementById('td-rate-summary').innerHTML = "Rate applied: 1 " + fromCurr + " = " + rate + " " + toCurr + "" + inverseString;
document.getElementById('td-result').style.display = 'block';
}