Currency Exchange Toronto |
Save More on CAD to USD

You can exchange CAD to USD through banks, kiosks, or specialized currency exchange providers. Many Toronto residents choose KnightsbridgeFX for better-than-bank rates, no hidden fees, and a simple online booking process with secure transfers.

While banks and kiosks are easy to find, they often come with higher markups. KnightsbridgeFX offers a convenient alternative—exchange CAD to USD online and complete your transfer securely without visiting a physical location.

Downtown Toronto has banks and exchange counters, but rates can vary widely. A dedicated currency exchange service like KnightsbridgeFX typically offers more competitive rates, transparent pricing, and faster service than traditional options.

Airport currency exchange counters are convenient, but they usually offer some of the worst rates. Planning ahead and using a trusted provider like KnightsbridgeFX can help you save significantly when converting CAD to USD.

We check bank rates daily to keep ours competitive. If your bank offers a better rate, let us know and we will see if we can beat it.

There is no minimum. We exchange any amount. Many new clients start with a test transaction of $50 to $100 to see how the process works before sending a larger amount. When sending funds outside Canada, intermediary and receiving banks may charge the recipient a fee to receive a transfer.

All companies that transmit money in Canada must be registered with FINTRAC, a Government of Canada agency. Knightsbridge Foreign Exchange Inc. is registered with FINTRAC as a money services business (M09819788) and regulated by the AMF in Quebec. Every transaction comes with a trade confirmation on our letterhead and a confirmation number that can be traced electronically with Canadian banks. Funds move by wire transfer or direct deposit, generally the same day or the next business day. Our banking relationship is in good standing and our bank will confirm this by letter or phone on request. You can also test our service with a small amount first.

The rate changes with the amount you exchange. You can check the rate at any time with the exchange calculator in your online account or on our website. If you call or email us with the amount, we will quote the rate inclusive of our fees for that exact amount.

No. We do not accept cash, cheques or bank drafts. You can send funds by bill payment, Interac e-transfer, wire transfer, or EFT automatic debit and credit.

Our large transaction volume gives us buying power. We buy currency in bulk and pass the better rate on to you, along with free outgoing wire transfers. Banks carry heavier overhead and recover it through wider markups and hidden fees.

Open a free corporate account at https://app.knightsbridgefx.com/sign-up or use the Sign Up link in the top menu. Enter your company information, upload the validation documents, and once the account is activated you can book your first trade.

It depends on the provider, not the label. Banks and airport counters build their profit into the exchange rate, so the posted rate is already above the market rate. A specialist like KnightsbridgeFX prices from a much larger daily volume, which is why our rates are up to 2% better than the big banks for a CAD to USD transfer. Compare the rate you would actually receive on your amount, including any fee, before you choose.