Types of Currency Exchange in Brandon, Manitoba

When looking for a quality provider of currency exchange in Brandon, you’ll stumble across a group of options to choose from that typically fall into one of three categories. Each of these categories consists of: independent brokers, franchises and banks. Each one has its own selection of perks and drawbacks for potential customers to choose from based on their personal requirements and what makes them comfortable. Whenever you have a foreign exchange inquiry, consider the reason for your exchange and justify the amount. If you’re going to transact a few hundred dollars or less, then you can utilize whichever service is most convenient.

A beneficial exchange rate best serves its purpose on larger sized amounts – your savings potential on small orders won’t be affected much with an incremental rate change. Some, for instance, may be interested in finding the most convenient currency exchange service in Brandon and therefore want to go to the banks. If you want a known commodity and something familiar, then the bank may actually be the best option for you. However, if you’re truly passionate about saving your hard earned dollars, then you can’t beat the rates offered by Knightsbridge Foreign Exchange.

Foreign Exchange at James Armstrong Richardson International Airport

Residents of Brandon will find that their nearest offshore-departure airport, while it isn’t close to the city itself, is the Winnipeg James Armstrong Richardson International Airport. With it being located around 217 km away; you may still be thinking the best place to go for currency exchange in Brandon is in fact at the airport. After all, it would certainly be convenient as you have to go there anyway in order to board your flight.

While it is a viable option to individuals who leave currency conversion to the last minute, you would be missing out on the best foreign money exchange rates that the town of Brandon has to offer. It’s important to keep in mind that airports charge higher fees to lease out space than most retail areas, and as a result they generally have to mark up their exchange rates more than others. Because they’re usually unable to offer the best currency exchange rates in Brandon, they tend to rely on customers that are either forgetful or ones that see currency conversion at the airport as a final resort.

Public Currency Exchange Kiosks in Brandon

While walking around in Brandon, you may notice some smaller exchange kiosks you could use for a quick and easy currency exchange transaction. These are typically walk-in buildings found in public areas like shopping malls, high-traffic tourist areas, hotels, and even a few motels. Even though they’re smaller than actual stores or bank branches, they’re still technically a physical store. In other words, this means that the business has plenty of rent expense and other costs associated with having ownership of a walk-in storefront.

So, while these kiosks may be convenient to those just passing by, you’re unlikely to find Brandon’s most competitive exchange rates there. It’s worth mentioning that some brokers will try to lure you in with promises of cheap conversion in Brandon, but you’ll want to make sure you can trust them first. If they don’t require identification for instance, then that’s an easy way to know they are breaking government regulations and aren’t to be trusted.

Currency Exchange at the Big Canadian Banks in Brandon

The most commonly used source of currency exchange in Brandon – by far – are the big five Canadian banks and some of the nation’s most notable credit unions, like Desjardins. Some individuals may believe banks and credit unions to be the ideal source for an exchange, but if your goal is to save money on currency exchange in Brandon then you’ll want to consider looking elsewhere. The banks don’t offer anywhere close to the mid market exchange rate you may see on the internet or on the news. Banks know most exchange customers choose them without comparing rates with other providers, and that allows them to take advantage of increased mark-ups.

We’ve calculated that some Canadian banks are known to mark up their rates as much as 2% to even 3% over a currency’s spot rate! And unfortunately that’s not all you pay, since many banks charge service fees and other inconveniences to use their exchange platform. Because banks aren’t worried about their competition, they don’t feel the need to offer the most affordable currency exchange in Brandon.

Choosing an Independent FX Broker Online from Brandon

Brokers are constantly looking for ways to stand out amongst the bank’s firm control over the foreign exchange industry. Nowadays, newer foreign exchange institutions can bring in new customers by offering a wider range of service. Some of these potential deals include offering lower rates for higher exchange amounts, delayed or installed payment plans, and discounts for first-time customers. At Knightsbridge Foreign Exchange, we’ve built a business with a low overhead, which allows us to pass down our great savings to the residents of Brandon.

We do so by reflecting our low costs in our low prices. We want to be your number one choice for currency exchange in Brandon, and we know how important both the act of saving money and convenience are. That’s why in addition to getting Brandon’s best foreign exchange rates, you also get to choose where your funds get allocated towards. If you’re looking for a currency conversion or international money transfer service that does it all; it really doesn’t get any easier than KnightsbridgeFX.

The Best Way to Convert Canadian Dollars in Brandon

We understand that we make bold claims about having the best currency exchange rates in Brandon, but that’s because we know our customers at Knightsbridge Foreign Exchange save an average of 1% to 2% on their exchanges compared to the leading Canadian banks and brokers. If you’re exchanging $100,000, then by simply using Knightsbridge FX for your currency exchange in Brandon, you’d be saving $2,000 over the competition. We’re truly proud of that, and we don’t mind showing you given our fully transparent pricing policy. We invite you to call the bank for their rates and afterwards call us for a quote on any foreign currency and we’ll show you we have the best foreign money exchange rates in Brandon.

Some More Information on Brandon, Manitoba

Brandon, Manitoba, located about 215 km west of the province’s capital Winnipeg, is the second largest city in the province. It has a population of about 50,000 people and is also about 120 km east of the Saskatchewan border. Brandon is regarded as a commercial hub for the Westman region, and as a result provides the area with great job opportunities. The town’s economic output ranges from agriculture all the way to healthcare, and has a strong influence in the manufacturing and food processing sector in Manitoba. The city also has a great deal of post-secondary educational opportunities, such as the Brandon University, Assiniboine Community College, and the Manitoba Emergency Services College.

Anyone who travels often will tell you how valuable a reliable and fair-priced provider of currency exchange is, and that’s what we aim to be for all our customers at Knightsbridge Foreign Exchange. We have no problem showing it either, call us at 1-877-355-5239 and let us walk you through our simple and easy process. You can also fill out our online application and be ready to go in minutes. With a free, no-obligation quote, you’ll have no reason to at least see what Knightsbridge Foreign Exchange is all about!

To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.

INTERESTING FACTS ABOUT BRANDON, MB

• Brandon hosts the annual Royal Manitoba Winter Fair, which is one of the largest agricultural showcases in Western Canada
• The median population age (36) in Brandon is almost a full 5 years younger than the national average
• Cando Rail Services Ltd. Is headquartered in Brandon, MB
• Brandon city’s nickname is the “Wheat City” for its agricultural relevance
• Brandon used to be a key location during the Assiniboine fur trade in the 18^th century