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Case Studies
The following are real case studies or transactions made by our clients. The clients' names have been changed to protect their confidentiality.
Case Study - Corporate Client
John a Canadian based importer needed to buy US$50,000 in exchange for Canadian Dollars to pay for products purchased from his supplier in China.
John called his bank and received a USD/CAD rate of 1.1950, resulting in a Canadian Dollar cost of C$59,750. The bank also wanted to charge a C$30 fee.
John then called CanadianForex and asked for a rate for him to buy US$50,000 in exchange for Canadian Dollars. CanadianForex quoted 1.1810 resulting in a Canadian Dollar cost of C$59,050 and there was no fee to pay.
| John saved: | C$750 on the rate |
| C$30 on the fee | |
| C$780 TOTAL |
Case Study - Private Client
After having just moved from the UK to Canada, Peter was awaiting the proceeds from the sale of his house in the UK which he sold for £300,000.
Peter called his UK bank and was offered a CAD/GBP rate of 0.5345, meaning he would receive C$561,272. The bank also wanted to charge a £30 fee or approximately C$60.
Peter then called CanadianForex and asked for a rate for him to sell £300,000 in exchange for Canadian Dollars. CanadianForex quoted 0.5250 meaning he would receive Canadian Dollars C$571,429 and there was no fee to pay.
| Peter saved: | C$10,156 on the rate |
| C$60 on the fee | |
| C$10,216 TOTAL |
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