You come to a branch to send EUR100 by wire transfer from your Canadian Dollar account.Ĭonversion: EUR100 x 0.75 = C$75 withdrawn from your account, converted to EUR100 and sent by wire transfer. Similarly, if the funds you sent are returned or reversed, the amount returned to you may be different than the amount withdrawn from your account for the transfer because of exchange rate fluctuations. insufficient funds in the account of the person who wrote the cheque).Ĭonversion: US$100 x 0.80 = C$80 withdrawn from your account. You come to a branch to deposit a US$100 cheque into your Canadian Dollar account.Ĭonversion: US$100 x 0.75 = C$75 deposited to your account.Ĭheque is returned unpaid (e.g. The amount debited may be different from the amount deposited because of exchange rate fluctuations. The exchange rate we use is our applicable rate in effect when the debit is posted to your account. cheque or wire transfer) that were converted to the currency of your account before they were deposited), and then that deposit is reversed or returned, we convert the funds (in the original currency of the funds deposited) to the currency of your account, and then debit the converted amount from your account. This reflects our costs and risks of shipping, handling and holding foreign currency in cash.Įxchange rate fluctuation risk – returns and reversals
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