Brantford Currency Exchange.

If you’re flying to the United States or anywhere else outside of Canada for a trip, you may think it’s easier to just wait until you get to the airport for your dollar conversions. While that certainly is an option (think of it like a last resort), we’d vote against it if saving money is a top priority. Like other major international airports, Toronto Pearson International Airport has unreasonably high rent costs, which inevitably leads to an unfavorable markup on your rates. A markup that’s much more substantial than online-based digital transfers from a third party company like Knightsbridge Foreign Exchange.

As a result, you are less likely to get the best USD rates in Brantford from the neighboring area’s airport. Without competitive rates, these airport brokers rely on last-minute customers, or those who decide the convenience is more important than the total cost. At airport booths and kiosks, your transfer will often be subject to hefty fees and non-competitive rates that could severely impact your propensity to save. Specifically on large sized transactions (a couple thousand dollars or more), KnightsbridgeFX can save you hundreds of dollars in Brantford just by taking away flat fees as well as providing better rates. It really is that simple!

When you’re walking around the communities of Brantford, you may notice there are a handful of smaller public exchange kiosks available for those who need a convenient and immediate FX transaction. These providers are usually found in areas like shopping malls, high-traffic tourist areas, and hotels. Just like other physical retail locations, these kiosks have rent and other expenses to worry about, which usually get offset by increasing their revenue.

In order to do that, they have to markup their rates considerably; meaning that you’re less likely to get the best foreign money rates in Brantford at these locations. Now, if you’re looking at independent brokers as a more cost-effective alternative, you should be weary and diligent in making sure they’re legitimate, regulated, and reputable. One thing you can check easily is if they require one or more forms of personal identification. If they don’t that’s a red flag, as it means they’re breaking government regulations in terms of servicing you. One of the best currency exchange practices you can easily implement is to not walk into any deals you do not fully trust.

In terms of which FX provider in Brantford gets used the most, it would be one of the major Canadian banks. However, this doesn’t necessarily mean that you’re better off choosing the traditional banking platforms for transfer. Banks generally avoid giving out the base exchange rates you may have seen online or on the news.

Instead, they markup their rates by about 2% to 3%, which is a pretty significant difference and definitely nowhere close to Brantford’s best currency exchange rates. Banks may be an easy default, especially due to their familiarity, but if you want the absolute top USD exchange rates in Brantford (or any kind of international money) you should be looking online.

Exchange brokers are constantly exploring ways to raise awareness of more affordable currency exchange options in Brantford. Some of those ways include media posts about offering a lower rate if you exchange larger sums, and allowing customers to delay their payment or finance it through installments. Knightsbridge Foreign Exchange focuses on offering the best USD exchange rates in Brantford by having low business overhead costs, therefore being able to accept a smaller profit margin on transactions.

This is all possible because we don’t have any physical brick and mortar stores, which eliminates the majority of expenses that average exchange brokers have to deal with. With all of our money being transferred via electronic direct deposits, we can send the money wherever you want to pick it up – even at your bank – and provide guaranteed great rates while doing so.