Quote:
Originally Posted by Wormius
I have a similar problem, a stack of 100 RMB notes totalling about $5k CDN. I thought about selling it to people leaving to visit China, but that plan is starting to look prone to hassle, and it looks like RBC will buy foreign currency at a pretty respectable exchange rate.
One question is whether it should be converted into CDN and put it into a savings account, or convert it to US to have on hand when we make occasional trips to the states, which we do about twice a year.
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If you convert it in Canada, the bank will almost certainly charge you a spread to convert to Canadian, and then another spread to convert to USD.