A currency exchange is when you convert a currency to another. Usually each country has its own currency and if for example you’re buying an item with a different currency or traveling to a country with a different currency than you, this would require an exchange of currencies where you sell your currency and buy another (this would usually require a conversion fee) through a financial institution.

The cost of sending money to Canada varies depending on the amount you're sending, the payment method, and the delivery option you choose. At Remitly, we strive to provide competitive exchange rates and low fees.   When you sign up for Remitly, you may be eligible to receive a new customer offer on your first transfer.   For the most accurate pricing, we recommend visiting our website or app, where you can enter your transfer details to see the total cost.

If you are converting Euros to US Dollars, you would need to know the current exchange rate. Take for example the current value of 1.19 - this would mean that 1 Euro is equal to 1.19 US Dollars. This can be applied for any amount by just multiplying the conversion value. Moreover, you can convert it the other way around, ie US Dollars to Euro by inverting the conversion value: 1/1.19=0.84 which means that 1 US Dollar is equal to 0.84 Euro.