Quote:
Originally Posted by Ryan Coke
I'll bite; why? Whatever the fee is, it is almost always a percentage as opposed to a per transaction, although airport money exchanges do have service charges as well. But using a credit card, multiple transactions aren't going to make it worse. Using an online exchange service you can get slight improvements in the rate with larger sums, but none of this really applies to relatively small amounts one would use while going on vacation once in a while.
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With multiple transactions, you're almost certainly going to pay the full spread. If you reduce it to one transaction, conversion can be more easily managed and a good rate achieved.
If you use a Canadian dollar credit card, each transaction will be converted from USD to CAD on your card at 2.5% per.
With a USD card, you only need to convert once, and you can shop for a currency exchange that is more favourable.