Get the Best Currency Exchange Rates in Toronto
Finding the best rate for currency exchange in Toronto can be challenging if you aren’t familiar with your options.
Fortunately, our team at Knightsbridge Foreign Exchange is here to help residents of Toronto receive the best exchange rate for their international funds. Below, we’ll take a look at how our service works and how you can benefit.
How Our Service Works
Money handling becomes much simpler when you find a reliable service you can trust with your finances.
At Knightsbridge, we’ve managed to help exchange and trade over 2 Billion dollars for our Canadian clientele, and we’d love to help you do the same.
To enlist our services, follow the steps below:
Get a Quote
Before you can fully commit to a financial service, it’s important to know what to expect. Therefore, we are happy to provide our clients with a free quote before they commit to processing a transaction request.
Customers can request a quote by phoning us at 1-877-355-5239 and speaking to one of our customer services representatives.
There is no obligation to continue with our service after making this request.
Book Your Transaction
If you’d like to proceed with our services after reviewing your quote, you can take the next step and book your transaction.
On the transaction form, confirm the exchange rate you received in your quote for the sum you wish to transfer. Afterward, we will send you a confirmation receipt.
This receipt will restate your transfer details so you’re fully aware of how much money you’ll receive following the transaction. The transaction will not be processed until you’ve viewed and confirmed your receipt.
Complete the Transfer
After you’ve received your transfer receipt and confirmed your booking, you can complete the process by sending your funds via online bill payment or bank transfer.
Unlike other services, you don’t need to worry about whether your bank will qualify for Knightsbridge – our Toronto currency exchange is compatible with all banks throughout Canada.
After you’ve completed the transaction, expect to receive your fully transferred funds within the same day or on the following day.
Use our savings calculator to see how much you can save on your next transaction
Take advantage of the best exchange rates when buying US real estate, moving to another country, sending money to family, and paying foreign tuition.
Free same-day transfers, no hidden fees and professional service.
Our converter uses mid-market rates. The rate is subject to change.
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Ensuring your funds are in safe hands is vital to selecting the right currency exchange service. At Knightsbridge, our service is regulated by a Canadian government agency called FINTRAC, so you can have peace of mind knowing your funds are secure.
Why You Should Choose Knightsbridge FX For Currency Exchange in Toronto
Currently, citizens of Toronto and the greater municipal area can conduct foreign currency exchange in a number of different retail locations and kiosks. These locations include:
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Toronto International Airport exchange
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Hotel exchange kiosks
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Banking institutions
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Currency exchange brokers
While the above options are viable, working with a foreign exchange broker gives you a better chance of sending more money for less.
At Knightsbridge FX, we task our brokers with obtaining only the best exchange rates at the lowest possible price, particularly for larger transaction volumes ($5,000+).
Rates at such a low price are ideal for business owners who conduct operations abroad, those paying tuition fees as international students, and those who own property in other countries.
The Benefits of Using KnightsbridgeFX for Your Currency Exchange
There are many benefits customers can receive from using Knightsbridge for foreign exchange in Toronto, in addition to our exceptionally low rates. Such benefits include the following:
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Security
Enjoy extra security with FINTRAC monitoring. This measure ensures that fraudsters won’t intercept your funds during the money exchange process. We also have a $1,000,000 safety net for enhanced consumer protection.
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Quick Delivery
Don’t wait several days for processing and delivery. Submit your transfer requests and receive your funds the same day. If the bank is closed, you’ll receive your funds the following day.
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Transparency
Following your request, you’ll receive an email detailing your exchange rate and charges. Funds aren’t processed until you confirm. Don’t worry about hidden transaction fees – we pride ourselves on having full transparency with our clientele.
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Convenience
Customers can complete their registration and finalize their booking within minutes. As well, our service is compatible with all banks in Canada.
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Quality Customer Service
At Knightsbridge FX, our goal is to provide complete customer satisfaction. Our service is quick and efficient, and if you need additional help, we offer friendly customer service via our toll-free number.
Most banks will charge 2-3% for currency exchange in Toronto, but at Knightsbridge FX, we only charge half a percentage of the funds you wish to transfer. By working with one of our reliable brokers, you can save up to thousands of dollars in exchange rates.
Why Choose KnightsbridgeFX for Currency Exchange in Toronto?
Finding an exchange service that doesn’t charge high fees can be a challenge. The first goal for banks is to make money, and by charging high overhead rates, they can easily avoid paying their high operation costs.
However, at Knightsbridge FX, we provide an exchange rate that is 2.5% lower than most banks in Toronto. In fact, we call the banks on a daily basis to analyze our differing rates to ensure our numbers are still the lowest available.
If you …
- Are moving to the US
- Hold investments in US real estate
- Own a business that imports and exports goods to the US regularly
- Are paying international student tuition fees
- Traveling abroad long-term
…Then our system is the ideal choice for exchanging Canadian and US currency.
Best Currency Exchange in Toronto
Since 2009, Knightsbridge FX has assisted over 130,000 customers to convert and exchange their Canadian funds into foreign currency at the best rate available. If you require foreign currency exchange in Toronto, we would be happy to help you.
To contact us via telephone, call:
Toronto Office: (416) 479-0834
Toll-Free: (1-877)-355-5239
You can also contact our Toronto office at the below address:
First Canadian Place
100 King Street West
Suite 5700 Toronto, ON
M5X 1C7
Frequently Asked Questions
Tell me about Knightsbridge Foreign Exchange's Best Rate Guarantee.
We are guaranteed to offer you a better exchange rate than your financial institution. If you find a better rate from a competitor, once we verify the exchange rate quote we guarantee that we will beat their rate.
What is the minimum amount I can exchange?
Our typical transaction size is between $2,000 per transaction and up to $40 million annually. We like to keep our minimum to $2,000 but we have some flexibility.When sending funds outside of Canada, intermediary banks and receiving banks may charge the receiving customer to receive a transfer.
Tell me more about the security of funds.
Client funds are held in segregated client account at a major Canadian financial institution, separate from operating accounts, and are completely secure. A trade confirmation contract on our letterhead is sent to you upon execution of your currency transaction confirming all agreed upon details for your records. All transactions have a confirmation number and can be traced electronically with Canadian banks. Funds can be transferred quickly, generally same-day or next business day back to your specified destination. Funds are transferred securely by wire transfer or direct deposit.
All companies that transmit money in Canada must be registered and regulated by FINTRAC. We are registered and regulated by FINTRAC ( a Government of Canada agency) and our registration number is M09819788.
Over several billions of dollars have been converted for thousands of our Canadian clients and we have a number of testimonials in third party reputable business media including the Toronto Star and Globe and Mail.
Our client account and relationship with our Canadian financial institution is in good standing and they are willing to verify this with a bank letter or phone reference (please contact us if required).
We are conveniently integrated with all Canadian banks and you can test our service with a small amount to see how it works.
Why don’t you show your rates online?
The rates change based on the amount you exchange. You can check the rate at any point by using the exchange calculator in your online account or our website . Furthermore, if you call or email us with the amount you want to exchange, we can give you the rate inclusive of our fees based on the dollar amount you are exchanging.
Can I pay with physical cash, cheque, or bank draft?
We are not able to accept payments by cash, cheque, or bank draft.
How can you get an exchange rate better than what banks offer?
Our large transactional volume allows us to obtain purchasing power – we buy in bulk and pass on the great exchange rates to you along with free wire transfers. Moreover, unlike us, banks have very complex infrastructures and charge hidden fees to be able to cover their costs.
Why banks allow you to use them when you are a competitor?
Banks are required to work with us for anti-competitive reasons.
How do I register as a Corporation?
You can easily open a free corporation account by clicking here or navigating to the Sign Up page in the top menu. Follow the registration steps, provide your company information, and upload the required validation documents. Once your account is activated, you can start booking your first trades.
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