KELOWNA: Currency Exchange (Call 1-877-355-5239)
If you’ve ever wondered where the best place is to trade your Canadian dollars to US dollars in Kelowna, you’re not alone. Truthfully, most individuals often find it difficult to know exactly where to go for optimal price points. The global foreign exchange market is constantly fluctuating and therefore converting your funds may seem like a confusing or complicated task. Due to extensive trading and interwoven global economic conditions, exchange rates can change in value all throughout the day, making it hard to efficiently time an uptrend or downtrend. The reality is, there is no way of predicting exactly which direction the market will go; even analysts perform market forecasts with a great deal of uncertainty. Luckily there is a way to ensure that you are always receiving the most competitive rate in Kelowna, regardless of what price the dollar is sitting at.
What to Consider Before Exchanging Money in Kelowna
At Knightsbridge Foreign Exchange, we understand the difficulties and hidden costs that can arise during the currency exchange process. That is why we do everything in our power to help our customers complete their transactions as smoothly as possible with fully transparent rate quotes. At KBFX we do a periodic comparison of all leading banks in Kelowna in order to ensure that our rates are more competitive. We offer all of our retail customers a guaranteed better rate than the banks as long as they’re willing to transact $2000 or more – that is the only requirement. Higher transactional volumes allow us to tap into more favorable rates, which we can then pass on to you. If you’re worried about currency prices rising and falling throughout the day, we also offer the ability to lock in a rate for peace of mind. If you set a target price that you’re anticipating, we will only exchange your funds when the market hits that exact rate. The reason we perform daily due diligence and constantly scan the market is so you don’t have to. Think of us like a one-stop shop for your foreign money exchange needs!
In order to get started all you have to do is register for an account with us. This can be done by filling out a form online, or you could have one of our representatives complete it by phoning in. Our support staff will be happy to walk you through the entire process. After registering, let us know which currencies and dollar amount you wish to exchange, and we will send you a written confirmation before any funds are actually placed in transit. Once you approve and agree to the going rate, we will take care of everything else. For the rest of the day you can rest easy and wait until your funds get directly deposited into your account. Feel free to call us anytime for a complimentary quote on our services with absolutely zero obligations to buy. KnightsbridgeFX proudly stands by their free wire transfer policy and never includes any hidden fees to your order.
Kelowna’s Foreign Exchange Opportunities
Since Kelowna is situated close to the United States border with British Columbia, the demand for Canadians purchasing and selling US dollars in Kelowna is quite high. Luckily, there are a number of really effective options for swapping between the neighboring dollars within the city’s limits. We’ll take a look at some of these different options and compare the best rates between them. It’s important to understand the details of each foreign exchange, since each one features its own various pros and cons. Don’t forget that many Canadian businesses (typically ones close to the border) accept US dollars in cash, but the exchange rate that they give you is generally very poor. It’s always best to trade into Canadian dollars beforehand if you want to maximize your savings.
Obtaining the Best Dollar Exchange Deal in Kelowna
Ultimately, the best foreign exchange rates are usually stumbled upon through personal research. This means shopping around and comparing different rates from different sources. Sometimes, you might accept a bad rate just out of convenience – unfortunately this happens each time you convert with a bank. While on small amounts the difference in savings on a given rate is negligible, costs add up quickly based on the transaction amount size. With the concept of services moving online and spreading into the digital space, you can actually find a number of reputable Canadian companies that can electronically deliver money straight to your bank account. Their rates will usually be much better than your banks and other local providers, so on large amounts you can save hundreds and even thousands of dollars. Consider using these services but do your research first to ensure that the transaction goes as smoothly as possible. KnightsbridgeFX is a highly reputable company that has filled over 70,000 transactions and is federally regulated by FINTRAC, AMF, and the BBB.
An Introduction to Kelowna, BC
Situated in the Okanagan Valley, in the southern interior of British Columbia is Kelowna, a city which got its name from an Okanagan language equivalent for “grizzly bear”. The city has early settler roots dating back to the 1800s, but more recently it is known for its service industry due to its profitable tourism activity. During the summer season, popular activities include boating, golf, hiking and biking with Alpine skiing and Nordic skiing being the winter favorites. Beyond the service sector, Kelowna is known for its vineyard of internationally recognized wines due to the areas ideal climate for wineries. Kelowna’s moderate population also gives rise to the area as a market trial area where many national businesses test new consumer products.
Although Kelowna has a thriving economy it does have some drawbacks, including the highest reported crime rate in Canada in 2012. Furthermore, the area is subject to seasonal wildfires resulting from very dry air. One of their more recent wildfires took place in August 2017, where a 400 hectare fire caused a mass evacuation. Sadly, the city does not have many cultural or art features however it has been used as a film locale for Shred and Shred 2 which were partially filmed at Big White, a ski hill near Kelowna.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.
Fun Facts About Kelowna
- Although Kelowna is a relatively small city by Southern Canada standards, it has its own international airport (YLW) and it is one of the busiest flight centers in the country
- The Okanagan Valley wineries near Kelowna produce roughly 80% of BC’s wine export, and are only behind the Niagara Region in terms of national wine influence
- Justin Schultz, a defensive hockey player for the Pittsburgh Penguins, was raised in Kelowna BC
- The most potent wildfire in Kelowna occurred in 2003 when roughly thirty-thousand people were displaced from their property
- Popular Canadian DJ and music producer “Datsik” was born in the city
You can also find us elsewhere online here:
- Foreign Exchange – anyone use Knightsbridge? – RedFlagDeals.com Forums
- Knightsbridge Foreign Exchange | Complaints | Better Business Bureau® Profile
- Knightsbridge Foreign Exchange | Better Business Bureau® Profile
- Knightsbridge Foreign Exchange Reviews | Glassdoor.ca
- Currency exchange: How to get more for your downward dollars
- How snowbirds can avoid being plucked when they buy U.S. dollars – The Globe and Mail
- Company Overview of Knightsbridge Foreign Exchange Inc.Bloomberg – Are you a robot?
- KnightsbridgeFX.com – Home | Facebook
- Knightsbridge FX (@KnightsbridgeFX) | Twitter
- Knightsbridge Foreign Exchange – Wikipedia
- Knightsbridge Foreign Exchange Competitors, Revenue and Employees – Owler Company Profile