I need to transfer a large sum from Chile to Canada and convert currency to Canadian. I specify the countries because fewer businesses seem to operate in Chile. I absolutely want to avoid the inter-bank exchange rate because I would lose 10,000+ compared to using the international exchange rate.
I've found some relevant information on this site, but nothing actionable for my circumstance. This answer mentions using a banks FOREX desk. I called the bank and they never mentioned such a thing. They said it was a 2.5% fixed inter-bank exchange rate.
What are my options?
I've been asking around and it seems that one way people move money from Chile to Canada is by networking and finding people that want to trade currency. E.g. Canadian pensioners living in Chile would be interested in trading CDN for CLP. This isn't a good solution for me because I'm trying to move a large sum of money.