Currency Exchange in Downtown Toronto
There are a number of options for residents of downtown Toronto to change their Canadian Dollars (CAD), especially since Toronto is the financial hub of Canada. You should keep in mind that exchange rates are constantly moving, since they are traded on foreign exchange markets around the world. These markets can trade up to 24 hours a day. As such, it is tough for you to keep on top of the most current exchange rates.
KnightsbridgeFX calls the major Canadian banks every morning and ensures its exchange rates are better. We contact local banks daily to find the best exchange rates. This helps us to provide more competitive rates for you.
Exchange rates are constantly moving. Unfortunately for Canadians looking to exchange for U.S. Dollars (USD), the loonie has lost ground to the USD for a number of reasons over the past several months. One major reason is the dramatic drop in the price of oil. Lower prices for oil means less money for Canada’s energy companies. This, in turn, leads to economic growth in Canada. Another important factor is the state of the job market. With less demand for oil, energy companies are not hiring as much. This leads to less hiring, and an overall slower Canadian economy. This has hurt the value of CAD. As such, it is even more important for you to get the best exchange rate possible.
How to Get the Best Exchange Rate in Downtown Toronto
You would assume that going to a bank would guarantee the best exchange rate for you. Unfortunately, this is not the case. Banks do not offer the best rates, and also can charge additional fees you may not consider. The large financial institutions have a lot of overhead. They also assume that their customers would not go anywhere else to exchange their currency. At Knightsbridge FX, we have every incentive to offer you the best rates. We work hard to keep our overhead costs low, and we do not charge additional fees for things like wire transfers. We do all this, while continuing to offer superior customer service. Give us a call at 1-877-355-5239 for a no-obligation currency exchange quote and one of our representatives will walk you through the process and next steps. Alternatively, you can fill out the form below and we’ll walk you through the process of how to get the best currency exchange possible in Toronto.
About Downtown Toronto
Toronto is the largest city in Canada with a population of around 5.5 million, and is the capital of Ontario. The city is located on the northwestern shore of Lake Ontario. It is widely considered the commercial hub for Canada, with the Toronto Stock Exchange and the headquarters of Canada’s largest banks calling the city home. Toronto has a diverse collection of cultural and tourist activities, including the Royal Ontario Museum, the Art Gallery of Ontario and the Toronto Zoo. Toronto is also home to a number of professional sports teams including the Toronto Maple Leafs and Toronto FC, which was recently formed in 2007.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.
You can also find us elsewhere online here:
- Foreign Exchange – anyone use Knightsbridge? – RedFlagDeals.com Forums
- Knightsbridge Foreign Exchange | Complaints | Better Business Bureau® Profile
- Knightsbridge Foreign Exchange | Better Business Bureau® Profile
- Knightsbridge Foreign Exchange Reviews | Glassdoor.ca
- Currency exchange: How to get more for your downward dollars
- How snowbirds can avoid being plucked when they buy U.S. dollars – The Globe and Mail
- Company Overview of Knightsbridge Foreign Exchange Inc.Bloomberg – Are you a robot?
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- Knightsbridge Foreign Exchange – Wikipedia
- Knightsbridge Foreign Exchange Competitors, Revenue and Employees – Owler Company Profile