Robin D apparently doesn't know how exchange rates work.
I just changed some money.. here are the rates I got:
$400 CAD = 252 GBP
According to XE.com, 252 GBP = 396.18 CAD (0.955% markup)
$400 CAD = 315 EUR
According to XE.com, 315 EUR = 397.42 CAD (0.645% markup)
Compared to TD where I changed $200 CAD into ISK and got 22,500 ISK
According to XE.com, 22,500 ISK = $179.79 CAD (10.10% markup)
Calforex has a 3.50 fee per transaction, meaning I paid $803.50 and in return I got $793.60 after their commission (aka it cost me $9.90 or 1.23% of the total).
Excellent value every time and almost 1/10th the cost of TD. Please Calforex, start carrying ISK! The bank rates suck!