Markham Currency Exchange.

The nearest airport to you in Markham is Toronto Pearson International Airport, and many will save their currency exchange until they get there as they find it more convenient for them. If you do this, be aware you’re forsaking the ability to get the best rate on USD in the GTA.

Major airports charge a ton of rent expense to retailers, which is why virtually every price tag at the airport is expensive. Foreign exchange service providers that have booths and kiosks in airport terminals are not exempt from this rule, as they have to add a huge markup in order to be able to afford the costs. Since they obviously do not compete on price, airport FX kiosks instead compete on convenience. Generally speaking, customers that use an airport’s FX services are using it as a last resort – or simply because they are unaware of cheaper alternatives.

If you’re driving around the city, you may see some exchange kiosks available to use for currency exchange in Markham. Usually these buildings can be found in convenient locations like shopping malls, tourist locales and hotels due to their high levels of foot traffic. These can be really easy to use, but don’t let their small size make you believe they have small prices.

Exchange kiosks offer some pretty nasty markups themselves. They may not be as much as the bank, other retailers or airport brokers, but there is still enough of a markup to keep them from offering Markham’s most competitive FX rates.

The major Canadian banks have owned the majority of the market share for currency exchange in Markham. Some take this to mean they’re the best way to exchange their currency, perhaps not factoring the actual rates they’re getting. The bank doesn’t provide the best foreign money exchange rates in Markham or even competitive rates at all. Instead, they add a very large markup to their rates (approximately 3%) that makes a large difference in how much you’re sending.

If you’d like to get better rates, there is a provider that gives you an easy, safe and quick way of exchanging our currency with the best currency exchange rates in Markham. That option is Knightsbridge Foreign Exchange.

You may be thinking about using an independent broker to get a great rate, but make sure you do some research first if you’ve never used one before. The first thing you can check is if they require some form of personal identification. When a company neglects this first step, they’re disregarding government regulations and you should pass on them. Even if they claim to provide the best USD money exchange rates in Markham don’t perform any illegal or gray-area transactions. If you do pursue these, please understand that you’re putting your financials at risk. In order to side with a reliable online-only specialist, look towards KnightsbridgeFX for your currency conversion needs. KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788. This way, your funds are kept safe.

With banks having so much of the consumer base for currency exchange in Markham, there are many different deals they try to offer to bring in more customers. A couple examples of those deals are to lower your rate based on how much you’re exchanging, or to allow you to pay at a later date or in installments. These are designed to work without giving much thought towards competing on price. Banks rely on their convenience factor to carry their FX revenue, but we understand that many FX users are also very cost-conscious. At Knightsbridge Foreign Exchange, our goal is to continue providing the best currency exchange rates in Markham. We do that with our online infrastructure, rather than having physical locations. This keeps our overhead low, and your exchange rates low too!