Compare exchange rates offered by multiple transfer services to the mid-market rate. The mid-market rate is the “true” exchange rate between 2 currencies without any profit margins deducted.
The higher the rate, the better. When buying a foreign currency, you want to get as much as possible for your Canadian dollars. When selling a foreign currency, you want to receive as many Canadian dollars as you can for the foreign currency you’re exchanging.
Use our handy calculator to find the mid-market rate between any pair of currencies, and compare this rate to the exchange rates offered by BMO and other money transfer services.1
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BMO exchange rates
Learn more about BMO foreign exchange rates and supported currencies before sending funds overseas.
BMO customers can send money internationally through online banking or by sending in-branch wire transfers. Learn more about BMO exchange rates, and narrow down your options by comparing rates between money transfer services.
What are BMO’s foreign exchange rates?
Here’s a sample of BMO currency exchange rates. The “buy” price is how much BMO will pay you (in Canadian dollars) when you give them a foreign currency. The “sell” price is how much BMO will charge you (in Canadian dollars) to buy a foreign currency.
This table was last updated March 23, 2021.
|Country||Currency||BMO Buy price||BMO Sell price|
|United States||US Dollar (USD)||1.22||1.29|
|European Union||Euro (EUR)||1.43||1.55|
|United Kingdom||Pound Sterling (GBP)||1.68||1.79|
|Australia||Australian Dollar (AUD)||0.93||1.01|
|Denmark||Danish Krone (DKK)||0.19||0.21|
|Fiji||Fiji Dollar (FJD)||0.54||0.70|
|Greenland||Danish Krone (DKK)||0.19||0.21|
|Hong Kong||Hong Kong Dollar (HKD)||0.15||0.17|
|Liechtenstein||Swiss Franc (CHF)||1.31||1.38|
|Mexico||Mexican Peso (MXN)||0.06||0.07|
|New Zealand||New Zealand Dollar (NZD)||0.86||0.94|
|Norway||Norwegian Krone (NOK)||0.14||0.15|
|Singapore||Singapore Dollar (SGD)||0.91||0.95|
|Sweden||Swedish Krona (SEK)||0.14||0.15|
|Switzerland||Swiss Franc (CHF)||1.31||1.38|
Sending money with BMO: What to know
What we like
- Fast cash transfers. BMO sends money through Western Union so cash transfers arrive within minutes.
- 24/7 access. Transfers are sent through an online platform that you can conveniently access at any time of day.
What to watch out for
- Poor exchange rates. BMO adds a larger margin to the exchange rate than specialist money transfer services.
- High fees. You’ll have to pay a percentage on the total amount you transfer on top of a flat fee. This can add up quickly, especially if you’re sending a large amount.
How do BMO’s exchange rates compare?
BMO’s exchange rates are competitive with other banks in Canada. But dedicated money transfer services usually offer better rates than banks. Comparing BMO to popular money transfers services, and save on your next overseas transfer.
The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.
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