Interbank Equivalent
Current interbank rate: 0.7639
Exchanging with KnightsbridgeFX vs. your bank could save you

We are the most trusted name in foreign currency exchange...

in Canada with over 70 media news interviews including 20 video interviews all by Canadian news outlets

Trusted and Reviewed

“I saved a huge amount…about $3,000 over the bank quoted for U.S. dollars…everything went as smooth as a dream”

David Newman,

Florida Property Buyer interviewed by the Toronto Star

“You can save hundreds, if not thousands of dollars”

Terry Ritchie,

Calgary-based financial planner who specializes in cross-border financial issues.

“KnightsbridgeFX is an online currency exchange company that seeks to undercut foreign exchange rates offered by larger financial institutions”

Preet Banerjee,

columnist, for the Globe and Mail

“KnightsbridgeFX is “the costco’s of foreign exchange”

Financial Advisor quoted in the Globe and Mail

See KnightsbridgeFX in the Media

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Currency Exchange in Canada

As the world gets smaller and smaller, more people have the need to exchange currency. Whether you need to convert currency for travel, trade, commercial purposes, hedging or simple speculation, there are a number of ways to do so.

Unfortunately, the most common avenue used by individuals to exchange currency is also the most expensive as the major banks offer very poor exchange rates. Most banks have large infrastructure, administration, and large overhead costs. They use their currency conversion service to subsidize other divisions. They attempt to do a whole host of things, few of them particularly well. It may be difficult to find the conversion department or service person depending on the bank. However, Knightsbridge FX is focused only on this service, so we can provide the lowest rates and best service. In general, large banks provide rates from 2% – 2.6% to convert currency. In contrast, Knightsbridge FX provides the lowest currency conversion rates on the market, ranging from 0.1% to 0.6%.

How to Get the Best Foreign Exchange Rate in Canada

To find the best rate to convert currency, take several simple steps. First, write down all of the local banks and their phone numbers. Those include RBC, TD Bank, Scotia Bank, BMO, CIBC and others. Ask each bank how many US Dollars (or whatever currency you need) they will provide in exchange for $1,000 Canadian. The bank that will provide the most has the best rate. Then check out the Knightsbridge FX rate. We guarantee that our rate will be the lowest, and if not then we will match the lowest rate on the market. Our lowest rate guarantee has helped countless clients achieve favorable rate on their currency conversion, saving themselves both time and money.

Make sure to check currency converters for the best exchange rates. Foreign exchange rates can vary due to world markets, monetary policy and unless you’re well-informed on Forex, it can seem overwhelming. Fortunately, you don’t need access to something as advanced as Globex or Oanda to get basic exchange rates. Whether you’re exchanging CAD into (or from) OFX, XE, pesos, dinars, rupees, francs or pounds, make sure you’re getting the best Forex deal. Check our currency exchange calculator for rates.

About Canada

Canada has strong links to the US economy and there is a large demand to convert Canadian dollars to US dollars. We also have historic links to Europe, especially France and England. More recently, we’ve seen the growth of large Asian communities in Canada and have increasing links with that part of the world. As the links around the world grow stronger and stronger, there is an increasing need to convert currency on a frequent basis.

Canada is one of the largest countries on earth by land area but only has 35 million people. Canada was originally settled by travelers from England and France but has a large native population as well. The economy is driven primarily by natural resources including oil, agriculture, minerals, and potash. More recently, the economy has diversified into such industries as tourism, aerospace, finance, manufacturing, technology and media among others.   The Canadian symbol is the maple leaf.

Canadians are frequently traveling to the US for fun and business. Currency conversion is critical to help these trips go smoothly. Of course, Canadian companies do business with practically every country on earth and currency conversion is critical to these transactions. Here are some of the locations throughout Canada where Knightsbridge FX offers currency exchange services:

Alberta

 Airdrie  Calgary  Edmonton  Fort McMurray  Grand Prairie
 Leduc  Lethbridge  Lloydminster  Medicine Hat  Okotoks
 Red Deer  Sherwood Park  Spruce Grove  St. Albert

British Columbia

 Abbotsford  Burnaby  Campbell River  Chilliwack  Coquitlam
 Courtenay  Cranbrook  Delta  Fort St. John  Kamloops
 Kelowna  Langford  Langley Maple Ridge Mission
 Nanaimo  New Westminster  North Cowichan North Vancouver Penticton
Port Coquitlam Port Moody Prince George  Richmond  Saanich
Squamish  Surrey Vancouver  Vernon  Victoria
West Kelowna West Vancouver

Manitoba

Brandon Winnipeg 

New Brunswick

Dieppe Fredericton  Moncton Saint John

Newfoundland

Conception Bay South Corner Brook Mount Pearl St. John’s 

Nova Scotia

Cape Breton Halifax Sydney

Ontario

Ajax Alliston Amherstburg Aurora Barrie
Beamsville Belle River Belleville Bolton Bowmanville
Bradford Brampton Brantford Brockville Burlington
Caledonia Cambridge Chatham-Kent Clarence-Rockland Cornwall
Essex Fort Erie Georgetown Grimsby Guelph
Hamilton Holland Landing Innisfil Keswick Kingston
Kingsville Kitchener LaSalle Leamington Lindsay
London Markham Milton Mississauga Newmarket
Niagara Falls North Bay North York Oakville Orangeville
Orillia Oshawa Ottawa Owen Sound Paris
Peterborough  Pickering Picton Quinte West Richmond Hill
Sarnia Sault Ste. Marie Scarborough Simcoe St. Catharines
St. Thomas Stratford Sudbury Tecumseh Thunder Bay
Tilbury Timmins Toronto Downtown Toronto Trenton
Vaughan Waterloo Whitchurch-Stoufville Windsor Woodstock
Welland Whitby Aurora

Prince Edward Island

Charlottetown

Quebec

Alma Baie-Comeau Beaconsfield Beloeil Blainville
Boisbriand Boucherville Brossard Candiac Chambly
Châteauguay Chicoutimi – Jonquière Cote-Saint-Luc Dollard-Des Ormeaux Drummondville
Granby Hull Joliette Kirkland La Prairie
L’Assomption Magog Mascouche Mirabel Mont-Royal
Laval Lévis Longueuil Montréal Ottawa – Gatineau
Point-Claire Quebec City Repentigny Rimouski Riviere-du-Loup
Rouyn-Noranda Saguenay Saint-Bruno-de-Montarville Saint-Constant Saint-Eustache
Saint-Georges Saint-Hyacinthe Sainte-Julie Saint-Jean-sur-Richelieu Saint-Jérôme
Saint-Lambert Saint-Lazare Saint-Lin-Laurentides Saint-Therese Salaberry-de-Valleyfield
Sorel-Tracy Sept-Îles Shawinigan Sherbrooke Sorel
Terrebonne Thetford Mines Trois-Rivières Val-d’Or Varennes
Vaudreuil-Dorion Victoriaville Westmount

Saskatchewan

Moose Jaw Prince Albert Regina Saskatoon

Please call us directly at 1-877-355-5239 for a no-obligation quote on your currency exchange. Or you can just fill out the form below and one of our friendly consultants will contact you to walk you through every stage of the process. Our consultants will be sure to provide the best service and the best currency exchange possible in Canada.

Financial Tips when Traveling

When traveling (whether for business or vacation), you’ll want to make sure to be prepared financially. Make sure you have a currency converter handy (check out our online app), so you know the going exchange rate between currencies. Make sure your credit card company knows you’re traveling and have some cash on hand just in case and make sure you have people who can transfer money in case you find yourself in a tight jam. Overall safety will be different between countries so always make sure your personal products are in a secure place. This applies whether you’re in Toronto, Ottawa, Los Angeles, Mexico City, Singapore, Hong Kong, London, Moscow or wherever.

Currency Exchange with Knightsbridge

Saving money by exchanging with us is a great investment as you are saving by getting a much better rate, Why bother paying for the interbank rate PLUS the amount banks are adding? So just select your amount and get a hold of us!

More about Knightsbridge FX

Knightsbridge FX not only provides currency exchange at low prices but also provides a growing body of free currency-related information.  This includes information on other banks, including Tangerine, RBC, TD, Scotia Bank and CIBC.  Covering subjects like cross-border banking, Canadian dollar forecast, opening a USD/dollar bank account in Canada, as well as exchange rates from banks like TD and RBC is your one-stop source for Canadian currency-related information.  Knightsbridge FX has a great rate for currency exchange transfers and our founder is known as an expert on the CAD and has been extensively quoted in the media. The CAD is strong when compared to other currencies, including the Hong Kong Dollar, South African Rand and New Zealand Dollar. Feel free to search through our content and tools including our currency exchange rate calculator.

How To Find The Best Exchange Rates For The Canadian Dollar To The USD

When you are ready to get American money for your trip over the border, you must find foreign exchange services that will help you get the bills you need, get a good exchange rate, and provide you with other services that might be useful to you. Once of the best things that you can do is shop around for a good exchange rate because this is a financial transaction that could net a profit. Read more about how the exchange rates can change the way you travel.

How Does The Bank Of Canada Set Rates?

Bank notes in Canada are part of a world market where people are trading on currency every day. People invest in foreign currencies because they believe they will grow, and other currencies fall because there is not much trading or confidence in those currencies. The difference between the Canadian dollar and the USD is one that comes into play when you want to get bills for a trip.

If the Canadian dollar is weak against the USD, you will have less money to use in America. If the Canadian dollar is strong, you will have more money to spend.

How Does This Impact Credit Cards?

The credit card company must do the math on your currency transactions when you are abroad. However, they do the math on the spot. Any money you spend is already gone, and you cannot change the amount that was spent or the exchange rate at the time. The monetary policy for an exchange service is different, and you can use cash on your trip to help save a bit of money on the front and back end of your voyage.

How Much Money Are You Getting?

You should get your US bills and coins when the Canadian dollar is strong against the American dollar. You want to make sure you get as much American money as you can so that you have more to spend when you go on your trip.

What About Sending Money?

If you send money to someone in the US, you are going to get the exchange rate at the time that you send money. If the rates are not very good, you need to send more money so that your counterpart in the US gets the cash they need. However, you could send less money if the Canadian dollar is very strong. Because of this, you might want to travel with cash.

When You Return From Your Trip

When you return from your trip to the US, you will have US currency that needs to be converted back to Canadian currency. If the rates are good, you can convert your money then. However, you might want to wait for the Canadian dollar to strengthen against the US dollar. By doing this, you are speculating on the currency so that you can get more money back. You might even make a small profit on the trip if you get a better exchange rate when you come back to Canada.

Conclusion

There are several reasons to convert currency before your next trip to America, but you must get the best rate so that you do not net a loss for your trip. The currency that you have can be converted back to Canadian currency when you cross the border, and you have the option to wait for the best rate so that you can make a profit. This is much easier than using credit cards or wiring money to a friend with a fixed exchange rate

 

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