Foreign Exchange Currency Converter. This conversion is not offered by RBC. The currencies could not be switched, the conversion is not offered by RBC. Rates not available at this time. Conversion not offered. Currency switch not available.
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Currency I Have. CAD Currency limit exceeded. Currency I Want: Conversion not offered. Currency I Want.
Bank of Montreal (BMO)
Non-Cash Rates apply to the conversion of paper and electronic instruments such as cheques, drafts, wire transfers, etc. Why are RBC rates for cash conversion different than non-cash rates? Why should I convert my Canadian dollars to a foreign currency in Canada, before travelling to other countries?
Do you know of any tax implications when performing the trades in a non-reg account from capital gains? Anonymous: The usual capital gains rules apply. Specifically for the security you use for the exchange RY in my case , you bought it at one price and sold it at another. That creates a capital gain or loss. Typically, this gain or loss is very small, as you say.
I believe you get charged interests if you use the converted currency to buy another stock right away. When I didn't, I was never charged an interest.
FAQs For Existing BMO Investorline Clients
Anonymous: That could be the pattern; it's hard to tell. But they have no business charging interest because there is never a short position. If you don't mind waiting a few days you can call in and they will arrange the transfer from a US account at no cost. Digger: I'm not sure what you're suggesting. There is no such thing as a free currency conversion. Norbert's Gambit requires a transfer between the Canadian and U. HI Michael, most places I read on this topic involve doing this all on the same day.
In that case, I can sell any of my Cdn inter-listed stocks anytime. Hi BadCaleb, Yes, it's certainly possible to do the trading on different days. I prefer to get it over with and to avoid holding RY too long I'm not interested in taking on the risk of RY price fluctuations. Yes, funny you should say that. The last time I did it was a crazy day. As soon as I purchased I put in the sell, refreshed the quote and noticed it dropped dramatically.
I paused to make sure i had the correct ticker symbol. By the time I set up the order it dropped more.
Historical Exchange Rates Tool & Forex History Data | OFX
Within minutes I was down In 2 days it was down just over Today its up Crazy days. Thanks again for posting these incredibly helpful topics. BadCaleb: That's a good point. I've added the warning about trading on high-volatility days. The last few weeks certainly qualify as volatile! U in the U. Some time after the trades settle 2 business days later, the positive and negative positions should be "flattened" by Investorline.
However, they usually charge me interest and I have to call or write to get them to reverse the interest charge. Hi, could I confirm you proceed with buying RY. TO and then sell RY. Thank you for posting this, there have been incredibly long wait times to talk to customer service. Anonymous, To go from Canadian dollars to U. Then I sell RY on a U. Michael, a slightly different question. I monitor a duplicate account to my BI account of Yahoo Finance. I notice that the day after I make a US dollar trade the value of the cost per share is different than on the trade details posted on the day of the trade.
I am not sure whether that is due to exchange rate fluctuation or what. It always seems to be higher.
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Unknown, I'm just guessing here, but it sounds like you're talking about a case where you're buying a stock that trades in U. If so, I haven't done this in a long time, so I haven't noticed what you're talking about. Pages Home About Contact. Money2India promo codes and discounts March Best places to exchange currency in Toronto. How to invest in blockchain stocks Comprehensive guide on blockchain stock investing, benefits, risks, main stocks, blockchain ETFs, and more.
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