BURLINGTON: Currency Exchange (Call 1-877-355-5239)
Over the past several months, the Canadian dollar has weakened in comparison to its United States counterpart due to a number of economic reasons. One factor to explain this downtrend is the dramatic drop in the global price of oil. Lower oil prices equate to less money in the Canadian energy sector, since it’s one of our vital exports. As a result, Canadian energy companies are forced to lay off a considerable amount of their employees. More people out of work and less people being hired leads to a halt in economic growth and sustainability, thus negatively affecting the health of the Canadian dollar.
With this unfortunate turn in the Canadian economy, it is of utmost importance to find the best US dollar exchange rates when looking to buy or sell USD. There are several options in the city of Burlington and Toronto to exchange your money, and we will help you find the best rate possible for your conversion needs.
Where to Find Affordable Currency Exchange in Burlington
There are a number of different options for exchanging currency in Burlington in addition to the surrounding areas: banks, hotels, airports, currency exchange retail stores, currency exchange kiosks, and other independent money exchange brokers are all on the list as potential opportunities. Let’s take a look at some of these different options in order to determine which one provides the best exchange rates.
How to Spot the Top Foreign Exchange Rates in the City of Burlington
Getting the ideal currency exchange rate in Burlington is simply a matter of shopping around and comparing rates. Rates change constantly, but the percentage markups among different currency exchange entities tend to remain fixed. With the proliferation of digital-based online services, your options have been greatly increased and you won’t be limited to nearby local locations in Burlington. If you need a small amount transacted and are looking for physical cash, local vendors like banks and cash retail operations are good choices. On the other hand, for larger amounts avoid using your banks and look for other specialized currency exchange companies.
Buy, Sell, and Exchange US Dollars in Burlington
We cannot stress enough the importance of searching around when seeking the best US dollar exchange rates. Call several of your local banks and financial institutions in Burlington manually to compare rates and additional charges on the go. It’s worth mentioning that although this process can save you money, it can be tiresome and tedious process. In most cases when you are looking to make a quick transaction or payment this won’t be the most attractive solution.
At Knightsbridge Foreign Exchange, we do all the hard work so you don’t have to. Every day we contact various leading banks and financial institutions in order to compare their rates and price ours accordingly. At Knightsbridge Foreign Exchange, we guarantee a lower rate than the ones in a major bank’s FX department. Our customers typically enjoy rates that are at least 1-2% better than the banks. We have made it our mission to save our customers as much money as possible, and we are able to do it by running a lean business. With our established connections of global financial intuitions coupled with low overhead costs, we are able to offer the most competitive exchange rates in Burlington.
A Brief Intro to Burlington Ontario
Burlington is located between the north shore of Lake Ontario and the Niagara Escarpment, and is a component of the Greater Toronto area. With a population exceeding well into the tens of thousands, Burlington is one of Canada’s largest metropolitan areas. Due in large part to the strategic location of Burlington, the Burlington economy is extremely diverse. Burlington’s leading industrial sectors from an employment perspective include food processing, packaging, electronics, motor vehicle transportation, and business services.
Burlington is home to many attractions, including Canada’s Largest Ribfest, the Art Gallery of Burlington, and the Sound of Music festival. Additionally, Burlington attracts nature enthusiasts with its hiking options, as well as the presence of the Royal Botanical Gardens. The Royal Botanical Gardens is home to the world’s largest lilac collection. Burlington is also the home of actor Ryan Gosling, as well as acclaimed comedian and actor Jim Carrey, who attended school in Burlington.
A Few Interesting Things About Burlington:
- Roughly 100 years ago, Burlington’s population was around 2000 people. Today, that number has multiplied by 100 to make the population close to 200,000
- Burlington is conveniently located between “The Hammer” and “The Six” making it a part of the GTHA (Greater Toronto and Hamilton Area)
- McMaster University’s Ron Joyce Center for MBA programs can be found in Burlington
- Burlington is situated on one end of the massive two-kilometer Skyway Bridge
- There are over one hundred parks that you could explore within Burlington city limits
Other Useful Resources Brought to you by KnightsbridgeFX
- Best High Interest Savings Accounts in Canada (HISA)
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- Best GIC Rates in Canada
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