Currency Exchange in Toronto: 416-479-0834
For those looking to exchange currency, Toronto’s metropolitan character and international population means that you can find plenty of ways to get your money changed. However, despite Toronto’s array of numerous major banks, the best way to get a low rate on currency exchange is with a specialist company. At Knightsbridge Foreign Exchange, we exclusively devote ourselves to providing currency exchange at the most agreeable terms to our clients. Our low overhead means that we can pass on the savings to you.
Many bank clients are already disillusioned with the services they receive or the stiff fees they have to pay for basic banking functions. Nonetheless, if it’s your first time exchanging money, it’s natural for your own bank to come to mind first. The danger in that scenario, as experienced US travelers can attest, is that banks already count on receiving your business. Unlike a devoted exchange company, they have no motivation to stay competitive. As a result, you can get gouged on the exchange fees.
Where to Exchange Currency in Toronto
When it comes to Toronto currency exchange, there is no shortage in terms of options. The Toronto Money Exchange sector is vast and the options range from independent retail providers, which provide cash exchange, to banks, to even independent providers that deal in relatively larger amounts. These businesses are located all over the city and can be found in malls, at boutique locations along the street and obviously at local bank branches. Most come with their advantages and disadvantages and at the end of the day the choice you make will be dependent on what your needs are. For example if you’re looking for the cheapest way to exchange Canadian to US dollars quickly and securely then perhaps an independent provider such as Knightsbridge Foreign Exchange is the best solution. However, if you’re really hesitant to using a provider besides your bank and cost is not a concern to you then perhaps the bank really is your best choice. Generally, when dealing in cash, the costs will be highest as money exchange in Toronto comes with higher inventory costs for the providers. Many retail providers can also be very misleading in their pricing so be sure to pay extra attention to the rate they provide you.
How to Get the Best Exchange Rate in Toronto
On average, clients who exchange currency with us save between 1 and 2 percent on exchange rates. While that may sound like pennies, it can quickly add up. Suppose that you need to exchange enough currency for a US home purchase. Consider that 2 percent of $100,000 Canadian dollars is $2,000 dollars. We think the choice is clear. If you’re getting ready to exchange money for the first time, we don’t just want you to take our word for it. Take a minute or two to call your local bank. Ask them about the fees they charge to exchange currency. Then give us a call and see if we can’t offer you a better deal. If you call multiple banks to compare rates, keep in mind that currencies fluctuate quickly. It’s a good idea to confirm the precise exchange rate for any quote that you receive, at that moment. We guarantee to beat the banks rate.
Toronto, Canada’s most populous city and the capital of Ontario, is a major force in Canadian culture, economics and society. Sitting on the northwestern shores of Lake Ontario, Toronto is home to just over 5.5 million Torontonians. Twice in history, Toronto was even made the capital of the Province of Canada. Today, the city is widely known for its highly diverse population, with around 49% of the population hailing from outside Canada. The commercial center of Canada, Toronto is also home to the headquarters of the “Big Five” Canadian banks: RBC Royal Bank, TD Canada Trust, Scotiabank, BMO Bank of Montreal and CIBC.
For the savvy traveler or international business person, switching currency is a simple necessity. There’s no need for the process to be difficult, though, and certainly no reason to pay more than is fair. Give us a call at 1-877-355-5239 and we’ll give you a no-obligation exchange quote. Plus, one of our representatives will guide you through each step of the exchange process, so you know what to do next. Or, if you prefer, you can simply submit our application form electronically. Either way, we’ll be glad to show you how you can get the best currency exchange possible in Toronto.
More about Toronto, Ontario
Canada’s largest city, Toronto is a massive metropolis with incredible urban attractions and tremendous cultural diversity. At the forefront of Toronto’s attractions are there professional sports teams. Whether it be the Raptors, Blue Jays, or Maple Leafs, people in Toronto love watching their sports teams. Due to Toronto’s size and population, there are plenty of places to go shopping. Another one of Toronto’s main attractions is the CN Tower, which is one of the highest towers in the world. If you love history Toronto has you covered, as there are multiple museums throughout the city that provide a rich historical perspective, as well as great sightseeing.
Diversity is one of the key factors that the city of Toronto prides itself on, and the people of this city come from many different backgrounds. In fact, Toronto was named one of the most diverse cities in the world.
Fun fact about Toronto: Toronto is home to the only NBA and MLB teams north of the United States, the Toronto Raptors, and Toronto Blue Jays respectively.
- Babe Ruth’s first professional home run occurred in Toronto’s Hanlan’s Point Stadium, located on Centre Island.
- There are more than 10 million trees in the city.
- The city has the 3rd largest zoo in the world, with around 16,000 animals and nearly 500 different species.
- Nearly a quarter of Canada’s entire population lives within a 160-kilometer radius of Toronto.
- The city has the second largest public transportation system in North America.
- More than 18% of the city is parks, of which there are more than 1,500.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.
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