Vaughan Currency Exchange.

No matter what your priorities are for currency exchange, it’s always in your best interest to shop around when looking for the best exchange rate in Vaughan. You should start by calling all of the banks in your area and other FX service providers to find out who is offering the cheapest deal on USD. This, however, can be extremely time consuming and tiresome – especially when you have other responsibilities to take care of. When you call Knightsbridge Foreign Exchange, you are instantly guaranteed the best possible rate from the start.

We do all of the laborious work for our clients so they don’t have to. Every morning we contact various banks and financial institutions around Vaughan and other parts of the GTA and price our rates accordingly. In the vast majority of circumstances, our rates beat theirs because our margins are much lower. Where one bank might charge a markup of 3% over the mid market rate, we’ll only charge a 0.8% markup. If you happen to find a more competitive retail exchange rate during your search, it’s not a problem. Let us know about it and we will be happy to match it for you. The rates that we provide our customers with are all inclusive; and like we mentioned earlier they feature no hidden fees or additional costs. The beautiful thing about KnightsbridgeFX is that what you see is what you get. Let us know which currencies you’re searching for (Canadian and US dollars are the most popular ones) and what value you wish to buy or sell, and one of our customer service representatives will help you out. Our talented team can swiftly provide you with the exact amount you need to either provide or receive in that currency.

One of the basic rules of foreign exchange is that physical cash conversions tend to be more expensive – on average – than electronic conversions. This rule can basically be applied anywhere, it’s not exclusive to Vaughan. While this might seem unfair, it makes a ton of sense from a business perspective. Companies that place an emphasis on in-hand cash exchange have to take the risk of owning that currency in inventory. They cannot immediately “upload” that currency to the world markets and trade it whenever they want, they would have to go to a bank intermediary first. Since there is that additional step before a foreign exchange can trade money, you’ll undoubtedly be faced with either a premium in the exchange rate or a fixed transfer fee. Luckily, digital third party FX providers in Vaughan have discovered a way to navigate this issue – just remove cash from the process! Nowadays, so many payments are being placed electronically through an online money balance and the trend shows no signs of slowing down.

As a leading provider of exclusively online currency exchange in Vaughan, KnightsbridgeFX avoids doing physical cash exchange because it will save you the premium. In the simplest terms possible, part of the reason why KnightsbridgeFX has such affordable FX rates is because they don’t need to hold storage at brick and mortar walk-in branches. As an even more efficient alternative, any US/Canadian dollar conversion you place with KBFX will go straight to a receiving bank account. While this might initially sound negative, since you don’t get to receive physical cash, the savings on large transactions are hard to pass down. It’s also not recommended to go to a foreign exchange building and walk out carrying bags with thousands of dollar bills. The reasoning there is pretty obvious; secured digital transactions are less likely to compromise your personal safety. Simply by transacting with KnightsbridgeFX, you’re getting a currency exchange service that is both more discrete and more affordable. The best part of it all is, you can still access your money in cash once it’s been wired to an account. There’s typically no holding period, funds should be accessible as soon as they arrive – although you may want to check with your individual bank’s policy on this. Some banks also charge cash withdrawal fees depending on the circumstances, but that cost won’t come from us.