/u/JacobAldridge on ING has no Transaction Fees, but does the Exchange Rate stack up? (My research today says yes)

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I wasn’t up for a credit card process, so opened a new ING account because of the ‘No ATM or International Transaction Fees’. But I was curious about whether the Exchange Rate they offered was worse, having seen that scam at Money Exchanges that have ‘No Commission. No Fees’ but sub-par rates that mean you’re worse off.

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If a U.S. firm desires to avoid the risk from exchange rate fluctuations, and it will need C$200,000 in 90 days to make payment on imports from Canada, it could: a. obtain a 90-day forward purchase contract on Canadian dollars.

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