Kitchener Currency Exchange.

When arriving or departing from the Region of Waterloo International Airport, you may find yourself in need of currency exchange services to convert to and from CAD. Unfortunately, the locations that do foreign exchange in Kitchener’s international airport are known to have some of the highest rate markups around. All airport money exchange booths operate in the same way, they understand that their service is a last resort. Customers with no other choices will feel obliged to use them for conversions no matter what the cost is. Although we recommend staying away from airport kiosks entirely, this is not always feasible.

To minimize the damage to your wallet, only exchange exactly what you need and nothing more. Poor rates do not greatly affect your transaction cost if you’re just transferring small amounts. We’ve all been there – sometimes you forget to exchange your dollars online and your flight is about to depart.

If you are staying in a hotel downtown and looking for a currency exchange provider in Kitchener, you may be able to find these services at the hotel itself. Be sure to call the front desk and ask about any currency exchange services they have. If your overnight stay doesn’t offer any FX, you can be sure to find plenty of buildings scattered throughout the city. The front desk might be able to guide you to a nearby foreign currency exchange where you can request a conversion.

If you are interested in finding a hotel with currency exchange locations, make sure to do some research before you book a stay to ensure the hotel is able to satisfy your requirements.

Need a specific type of currency that you wouldn’t be able to readily find at a hotel? Most of the time, you’ll need to visit a international currency exchange. Fortunately for you, Kitchener has various places you can go that have brick and mortar branches set up. Two of the more popular locations include Continental Currency Exchange Kitchener, and Currency Converters of Waterloo.

These institutions are predominantly for small cash amounts, because they don’t offer the most competitive rates. On top of that, you’ll be paying a premium just for receiving physical cash. If you are looking to transact a large amount, you can save much more by performing digital exchanges with KnightsbridgeFX. Going electronic will put more money back in your pocket.

For many who are looking to buy and sell CAD or USD, the main Canadian banks in Kitchener are usually the first place they will go to. Typically, Kitchener’s chain FX franchises like Continental are more popular for small amounts whereas historically banks have been trusted with larger transactions. Due to this, most individuals believe that banks are where they will find the best exchange rates. In fact, it is actually the complete opposite.

Banks generally feature incredibly high mark ups and offer very unfavorable foreign exchange deals, usually by including a flat transaction fee on top of the poor rate. We recommend booking currency exchanges at your local bank in the Kitchener-Waterloo area only for the purpose of convenience. By using the one of the “Big Five,” you’re essentially giving up the ability to save more money.

If you are looking to exchange a large amount, roughly $5000 or more, it is in your best interest to avoid both banks as well as any kiosk locations. Instead you should take your business to a professionally regulated currency exchange broker such as Knightsbridge Foreign Exchange.

At KnightsbridgeFX, we specialize in large volume conversions, and as a result we are able to offer our customers with a best rate guarantee and personalized customer service. We’ve carried out over $2 billion Canadian dollars in transactions and we’re regulated by government-linked financial boards. You can trust us to keep your money safe and your costs low.