How do I get the best exchange rate on my inheritance?

I just got an inheritance from a relative in Canada. I have bank accounts with both RBC in Canada and Citizen's Bank in the US. What would be the best way for me to get a good exchange rate on this one-time transaction? Should I deposit the check at RBC and then transfer it to myself in the US, write a check, withdraw it in USD, or just deposit the CDN check directly into my US account? Or is there a better option?|||If you don't need the money immediately, deposit the check at RBC, and transfer the money when you think the exchange rate is in your favour. Alternatively, you can transfer the funds gradually (in periodic instalments) so that the exchange rate is evened out.|||You need to call both banks and ask them for their rate and fees for a one time currency conversion from Canadian Dollars to US Dollars.





I suspect that you will get the best rate from RBC in Canada, but the fees may offset the difference. Just be sure that you get the answer from someone who understands the transaction you want.|||You need to check the rate of exchange between Canadian dollars and US dollars on the day you plan to cash the check. This should show you which way you need to go to get the best rate on your money.