500 USD to CAD: Exchange Rate and Conversion at RBC
Are you looking to convert 500 USD to CAD and wondering what the exchange rate is at RBC (Royal Bank of Canada)? You're in the right place! In this article, we'll provide you with the latest exchange rate and conversion details to help you make informed decisions.
Current Exchange Rate: 500 USD to CAD
As of the current date, the exchange rate at RBC is:
1 USD = 1.32 CAD
So, if you want to convert 500 USD to CAD, the calculation would be:
500 USD x 1.32 CAD/USD = 660 CAD
RBC Exchange Rate Fees
When exchanging currency at RBC, you'll need to consider the exchange rate fees. These fees vary depending on the type of account you have and the method of exchange.
- RBC Royal Bank Foreign Exchange Rate: This rate applies to most personal and business accounts. The fee is typically 1.5% to 2.5% of the transaction amount.
- RBC Royal Bank Preferred Foreign Exchange Rate: This rate is available to RBC clients with a premium account, such as a VIP Banking account. The fee is typically 0.5% to 1.5% of the transaction amount.
How to Convert 500 USD to CAD at RBC
To convert 500 USD to CAD at RBC, you can follow these steps:
- Visit an RBC branch: Find your nearest RBC branch and speak to a representative.
- Use RBC Online Banking: Log in to your RBC online banking account and navigate to the foreign exchange section.
- Use the RBC Mobile App: Download the RBC mobile app and access the foreign exchange feature.
Tips and Reminders
- Check the exchange rate: Before converting your currency, check the current exchange rate to ensure you're getting the best deal.
- Fees apply: Don't forget to factor in the exchange rate fees when calculating your conversion.
- Limits apply: There may be limits on the amount of currency you can exchange at RBC, so be sure to check beforehand.
By converting 500 USD to CAD at RBC, you'll get approximately 660 CAD, depending on the exchange rate and fees. Always check the current exchange rate and fees before making a conversion to ensure you're getting the best deal.
