Where to exchange dollar to canadian
HOW TO CONVERT USD TO CAD USING QUESTRADE
how to convert USD to Canadian or
Canadian to USD on quests trade so first
of all log into question as you normally
would put in your username password
login so it will bring you automatically
to your trading session if I look at my
balances current so I have zero CAD zero
Canadian and 2500 USD so if I want to
let's say I want like for example today
the the US has dropped compared to the
Canadian so if I wanted to so if I
thought it was a good price to buy some
US dollars and hold on to them so I can
convert without needing to buy something
or buy any stock if I if I have US
dollar or Canadian and I want to buy a
stock on the on an opposite exchange
it'll convert for me automatically but
if I just want to trade I just want to
convert to my Canadian to the US or my
u.s. the Canadian without having to buy
a stock that's in the opposite exchange
I can do that via so right now as you
can see I mean I'm in trading platform I
would have to go to accounts platform so
from here the top left from I'm in
trading if I want to convert usd/cad or
vice versa
I would just go to accounts so once I'm
under in accounts I go to requests under
requests you'll see here exchange funds
transfer funds transfer investments at
withdraw funds so what I want is
exchange funds so I would go to exchange
funds and I picked the account that I'm
I want to convert so in my TFSA exchange
between Canadian and US dollars in
margin and registered accounts so what
do I wanted to do I want to exchange
Canadian to us or do I want to exchange
u.s. to Kat so I would have to choose
what so because I have us right now I
would have to exchange us the cat and
then the action
I could either specify the amount of
Canadian that I want to buy or I can
specify the amount of us to sell so it's
usually easier to for example it depends
what you want but if you already have us
and you want to convert it in a certain
amount in u.s. then you could choose
specify the amount of us to sell if you
wanna if you want a a thousand dollars
Canadian let's say but you know you have
enough to cover so you could say I want
a thousand Canadian and convert take as
meant as much to us as required usually
quest raid their fee is 1.5% above spot
price so if you if the US and game is
trading at let's say 1.24 you should add
a one point one point zero sorry one
point zero one five times one point
twenty four so you'll probably end up
buying your US and at that price so you
just put the dollar amount and then you
click on submit and that's it it takes
like I'd say less than two days to
lesson two business days for for the
conversion to happen and then once once
that occurs if you go back to trading
you're gonna see you're gonna see in
your balance and your balances you're
gonna see that you you have some
Canadian cash or some US cash vice-versa
alright so I hope that answers your
question regarding converting us to
Canadian or vice versa if you have any
more questions please put them in the
comments and if you find this video
useful go ahead and share it with with
your friends thanks
