The cost of transferring money internationally to a bank account abroad – or just exchanging one currency for another – is likely to be higher than you think. The true cost of an international transfer from Canada can be shockingly high for those who don't understand how those type of fees are structured (as the markup is a hidden fee, banks don't clearly show it to unknowing customers). For that, many people are mistaking the flat fees of an international wire, which vary between $15-$50...
