In addition, if you need to buy goods or services in Canadian dollars during your study abroad, but you don't have enough Canadian dollar reserves, you may face the problem of exchange rate loss. Therefore, before arriving in Canada, it is best to exchange a small amount of Canadian dollars for a rainy day.
Of course, before you exchange Canadian dollars, you need to consider the trend of the exchange rate. You can pay attention to the exchange rate of the day and choose the right time to exchange. At the same time, you can also choose the most cost-effective exchange method by comparing the exchange rates and handling fees of different exchange institutions.
In short, in order to facilitate various payments and transactions during your study abroad and avoid exchange rate losses, I suggest you change your money into Canadian dollars before you go to Canada to study abroad.