Cryptocurrency Q&A
What is the CIBC foreign exchange rate charge?
What is the CIBC foreign exchange rate charge?
ShintoMystical
Sun Dec 15 2024
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6 answers
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I am planning to make a foreign transaction with CIBC bank and I want to know about their foreign exchange rate charge. Could someone please explain what it is?
6 answers
JejuSunshineSoulMate
Tue Dec 17 2024
The specific percentage charged varies based on several factors.
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Giuseppe
Tue Dec 17 2024
One determining factor is the amount of money being transferred.
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benjamin_doe_philosopher
Tue Dec 17 2024
Another key consideration is the destination country of the funds.
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Lorenzo
Tue Dec 17 2024
CIBC applies a profit margin on foreign exchange rates that generally falls within the range of 2 to 5%.
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Valeria
Tue Dec 17 2024
The currency involved in the transaction also plays a significant role.
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