Exchanging with KnightsbridgeFX vs. your bank could save you CAD$ 0
“I saved a huge amount…about $3,000 over the bank quoted for U.S. dollars…everything went as smooth as a dream”
Florida Property Buyer interviewed by the Toronto Star
“You can save hundreds, if not thousands of dollars”
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”
columnist, for the Globe and Mail
“KnightsbridgeFX is “the costco’s of foreign exchange”
Financial Advisor quoted in the Globe and Mail
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When looking for somewhere to buy or sell US dollars in Coquitlam it is important that you are doing business with a trustworthy and regulated company. Before transacting any money, there are a few things you should find out to ensure your money is safe.
A good place to start is by seeing if the company is registered with FINTRAC. FINTRAC is a government financial regulatory body that facilitates the detection, prevention and deterrence of money laundering. All money exchange companies in Canada must be registered with FINTRAC, and under no circumstances should you do business with a company if they are not.
Another indication of professionalism is whether or not the company is registered with the Better Business Bureau. The BBB ensures companies have a good way of handling third party complaints giving them a better reason to protect their reputation.
Found a company in Coquitlam that follows these criteria? Now it’s important for you to find the best exchange rate.
If you are looking for the best exchange rate on US Dollars in Coquitlam, we can help. Knightsbridge Foreign Exchange offers the best rate in the city. We even guarantee a better than bank rate to all of our customers. Our customers typically enjoy rates up to 2% better than the banks. Whether you have been doing business with us for years, or are a brand new customer, you will always receive the best rate possible.
You can rest assured that your money is safe as we are registered with both FINTRAC as well as the Better Business Bureau. We have also been featured on various networks such as BNN, The Globe and Mail, the Toronto Star and Bloomberg, just to name a few.
Call us today and get a free, no obligation quote.
As part of the Greater Metro Vancouver area, Coquitlam boasts a number of different options for exchanging currency. Much like most other cities in Canada, entities that provide money exchange services range from kiosks, travel agencies, hotels, banks, currency exchange brokers and other independent services.
As a smaller city in comparison to some of its municipal neighbours and the city of Vancouver, there are less options for exchanging currency in Coquitlam. That is why it is crucial that adequate research is done to ensure that you can find the best rates as well as the cheapest rates for US dollars especially if you plan to head south across the border. Places that provide currency exchange services in Coquitlam range from hotels, malls, airports, and other independent currency exchange providers. It might also be beneficial to look beyond Coquitlam and online for other currency exchange providers that can provide money exchange services without you having to go their location. These services can provide cash delivery or they can send the money right to your bank account!
While Coquitlam does not have an airport of its own, it does have two airports within close proximity. The first is Vancouver International Airport (YVR), which located about 30KM southwest of Coquitlam in the city of Richmond and the other is Abbotsford International Airport which is located 50KM east in the Fraser Valley. Both of these airports provide currency exchange services and usually have a wide range of different currencies available. However, currency exchange services at airports tend to have some of the worst exchange rates and both of these airports is no different. So unless it is crucial and last minute, it is probably best not to use currency exchange services at these airports or any other airport for that matter.
When traveling, hotels tend to be a common place where people look to exchange currency. While Coquitlam does not have its fair share of 5 star hotels, some of the hotels that it does have do provide an in-house currency exchange. For example, the Ramada Coquitlam hotel also provides an in-house currency exchange service. While it doesn’t have the best rates, it is usually better than the rates at the airport. If you are unfamiliar with the area, currency exchange services at your hotel might be a good option.
The Coquitlam Centre is the largest commercial retail space in Coquitlam and also provides a foreign currency exchange option through Marlin Travel. Marlin Travel is a Canadian leisure travel retail company which also provides money exchange services at this retail location within the Coquitlam centre. However, it is primarily catered towards those who are looking for travel currency, physical cash and usually smaller amounts. Much like any cash place, the rates are generally a bit higher due to their significant overhead costs. If you’re looking to exchange smaller amounts, it’s a good option but for larger volumes of transactions, you might want to look at different options.
Many people actually don’t realize that Port Coquitlam is actually its own city and is independent of its neighbouring city of Coquitlam. There aren’t many currency exchange options in Port Coquitlam, but its proximity to Coquitlam means that you can utilize the wider choices of money exchange options there.
All of the Big Five Banks of Canada have a presence in Coquitlam with branches situated throughout the city including the Bank of Montreal, the Royal Bank of Canada, TD Canada Trust, Scotiabank and the Canadian Imperial Bank of Commerce. Banks are often prime locations for exchanging currencies since most people already have accounts setup and the exchange process is quite simple. They also tend to have a number of different currencies that may be hard to find. However, banks don’t compete on price and tend to have the worst exchange rates. If you are looking for cash and exchanging smaller amounts, banks are an adequate choice, but on larger amounts, you could be losing a lot of money. There are a number of credit unions that also provide currency exchange in Coquitlam including Credit Union Central of British Columbia, Coast Capital Savings, Vancity Credit Union and Credit Unions of BC.
If you are looking to exchange larger amounts, independent currency exchange brokers can usually provide you with the best rates especially on larger volumes. These brokers may not have a physical location in Coquitlam but can work with you from their corporate head office in the major metropolitan cities. If you’re looking to do a high volume transaction, make sure that you consult these brokers for their rates and compare it to your banks, the difference in rates could save you thousands of dollars.
Getting the best exchange rates is simply a matter of shopping around and comparing rates. If you’re simply exchanging a small amount for traveling then the banks or any retail currency exchange provider are adequate options. However if you’re looking to exchange a large volume, even a 1% rate difference could save you thousands of dollars.
Located in the Lower Mainland of British Columbia, Canada lies the city of Coquitlam. The area has been occupied and continues to be occupied by the Coast Salish people for at least 9,000 years. It was developed into a lumber community and experienced significant growth following World War II that continues today. To date, the city has become a bedroom community with the lumber mill closed in 2001. However, there are still some large employers in the city including Art in Motion, Hard Rock Casino, Coca-Cola, Sony, Rolls-Royce, and big-box retailers.
Being close to Vancouver has given the people of Coquitlam a nice advantage as residents have virtually unlimited choice in cultural and leisure activities. However, Coquitlam has its own venues that allow for even closer to home activities. These activities include several state of the art theatres and studios for film, art, and performance arts. The city also has a nice balance of open green area with over 80 municipal parks and natural areas. Close proximity to Vancouver also gives access to professional sports teams such as the Vancouver Canucks of the National Hockey League, BC Lions of the Canadian Football League, Vancouver Whitecaps FC of Major League Soccer and others.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.