What is an FX rate?
When converting currency to buy or sell securities, you will receive an estimate of the foreign exchange or FX rate, either on the order entry screen or from a Customer Service Associate or your ScotiaMcLeod adviser.
The actual foreign exchange rate will appear on the trade confirmation. The exchange rates are fixed late in the afternoon Eastern Time (ET) on each trading day. As a result, the exchange rate we quote you may not be exactly the same as the exchange rate you receive.