TD FX Calculator
Estimate what your recipient gets after exchange-rate markup and transfer fees.
Tip: If you know TD's quoted customer rate directly, set Markup to 0 and enter that quoted rate as the "Mid-Market Rate".
What this TD FX calculator helps you see
Currency conversion costs are often hidden inside the exchange rate. This calculator separates the moving pieces: the mid-market rate, the bank markup (spread), and fixed transfer fees. That way, you can quickly estimate the real amount delivered and your all-in effective rate.
How the calculation works
1) Start from the market rate
The mid-market rate is the reference rate between two currencies. If the mid-market rate is 1 CAD = 0.74 USD, then CAD 1,000 would be USD 740 before any costs.
2) Apply TD markup
Many banks quote a customer rate that is slightly worse than mid-market. In this tool, markup reduces the rate:
- Customer Rate = Mid-Market Rate × (1 - Markup%)
- A 2.5% markup on 0.74 produces a customer rate of 0.7215
3) Add transfer and receiving fees
The sending fee is charged in your source currency. A receiving fee can be deducted on the destination side. Combined with markup, these determine what your recipient actually gets.
Why this matters
If you convert often—for tuition, cross-border payroll, contractor payments, or family support—small spreads compound into meaningful costs. Comparing effective rates across providers can save more than chasing tiny changes in market timing.
Practical tips for better FX outcomes
- Always compare the provider's quoted rate to the mid-market rate at the same moment.
- Evaluate total cost, not just transfer fees.
- For large transfers, ask for a preferred or negotiated rate.
- Check whether intermediary and receiving-bank fees may apply.
- Document your assumptions when planning recurring transfers.
Example use case
Suppose you send CAD 5,000 to USD with a 2.2% markup, CAD 15 sending fee, and USD 10 receiving fee. This calculator will estimate:
- The customer exchange rate after markup
- Gross destination amount before receiving fee
- Net amount received after all deductions
- Implied all-in exchange rate based on your total out-of-pocket cost
Important note
This page is educational and not financial advice. Real quotes may include dynamic spreads, cut-off times, intermediary deductions, and account-tier pricing. Confirm final numbers directly with your bank or FX provider before sending funds.