Foreign exchange solutions for Businesses
If you are a business owner or manager, we can help you understand how and why the Canadian dollar fluctuates versus other major world currencies—and what you can do with that information in order to protect your company’s bottom line. This knowledge can help you feel more confident about your business decisions and minimize the risks that are a natural part of doing business globally. We offer a wide spectrum of foreign exchange business solutions, including:
- Sending and receiving payments
- Managing foreign exchange risk
- A variety of risk management tools
- Settlement options
- Market monitoring and overnight orders
- Multi-currency bank drafts
Get started today
We find solutions tailored to your business. Talk to our Foreign Exchange Account Managers:
- Phone: 604-708-7877
- Email: FXsales@vancity.com
We're available Monday through Friday, 7 am to 5 pm
Foreign Exchange Market Commentary
Our foreign exchange market commentaries provide you with daily updates on several currency rates (including USD/CAD and EUR/CAD), markets to watch, and in-depth commentary on events affecting the foreign exchange currency market. Updated every business day by 8 a.m. Pacific Time.
Benefits of working with our Foreign Exchange Account Manager
We represent your best interests
If you do business across borders, our Foreign Exchange Account Managers have the expertise to help you save money, protect against currency risk, and make payments easier. Since our Foreign Exchange Account Managers are not commission-based, you can count on them to provide objective recommendations based on what is right for you.
We offer superior convenience
We make it easy for you to make the trades and other arrangements you want. We are pleased to provide electronic settlement at other financial institutions as well as same-day trade and settlement, and same-day cheque-exchange settlement.
We can help you reduce costs
We don’t charge for foreign drafts, and our flat wire fee is competitive compared with those charged by most banks. We do not charge for cheques or bank-to-bank settlements, and there is no fee to open an account.
