The CEER index is a weighted average of bilateral exchange rates for the Canadian dollar against the currencies of Canada’s major trading partners. They add hidden markups to their exchange rates – charging you more without your knowledge. Exchange rate risk also plays cryptocurrency broker canada an important role in investors’ decisions and therefore affects the exchange rates between currencies. Consider using services like Wise.com or OFX that offer better conversion rates—especially for SMBs that cannot access large value conversion discounts from the banks or trade desk rates. How to find the best currency exchange rates Consider using services like Wise.com or OFX that offer better conversion rates—especially for SMBs that cannot access large value conversion discounts from the banks or trade desk rates. Choosing the right financial products can have a significant impact on your overall expenses. Ask your bank or FX provider if they offer discounts for large value conversions. A widening differential in policy interest rates between the two countries has also played a modest role. Add currencies you use often – or just want to keep an eye on – to your favourites for easy access. Learn about the publication of, and calculation methodology for, the foreign exchange (FX) rate data on the Bank of Canada’s website. The spread is essentially a fee buried in the conversion rate. Some services may charge an additional fee...