“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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If you are travelling and looking to exchange physical cash in Fredericton there are a number of different places that you can go. Many retail vendors around the city specialize in these transactions, so they might be your best bet. However, retail vendors are usually located in busy city centers such as airports, train stations or shopping malls. This means their overheads are incredibly high, resulting in inflated rates. Your other option is to go to your local bank. You might be able to find more favorable rates here when looking to exchange physical cash; however banks too have high overheads so you might run into a similar problem. The key is to shop around in order to find the best rate. Physical cash exchange is always more expensive than electronic cash exchange, so try to buy in large amounts to take advantage of better exchange rates.
If you don’t need physical cash, and are looking to transact an amount higher than $5,000 than Knightsbridge Foreign Exchange is the place for you.
Looking to escape the Fredericton winter? Or just planning a trip to the U.S or thinking of investing in real estate? For all this and more, you will have a need for foreign currency.
Most people, when looking for different currencies, consider using their banks. This is because of the convenience that banks offer. But what the vast majority of individuals fail to take into consideration is that although banks provide a convenient option, they charge a large markup diminishing your amount of savings and giving you a smaller amount per transaction.
If you are looking for foreign currency and are in an immediate need for cash, then using currency exchange kiosks at different hotels might be an option for you. Some of the hotels in Fredericton, that provide currency exchange services are Comfort Inn Fredericton, Crowne Plaza Fredericton, Howard Johnson Plaza Hotel etc. to name a few. However, it is important to keep in mind that these hotel exchange booths although might be easily accessible but will charge a high mark up as they have large overhead costs for keeping cash on hand as well as paying rent for the retail location.
Banks are always a convenient place to go for your currency exchange needs. Fredericton has the five major Canadian banks as well as a few credit unions such as Caisse Populaire & York credit unions that provide foreign exchange services. However, it is important to keep in mind that although banks are easily accessible, they have the worst rates as they tend to charge a higher mark up because they know most of their customers will use them. Therefore, it’s always better to look around and chose third party foreign exchange services such as KnightsbridgeFX as they have lower overheads and can provide a much better exchange rate than your bank.
If you are looking to get the highest amount of savings on your currency exchange, it is always a good idea to shop around and compare your bank’s rates with KnightsbridgeFX to know which one is better. At KnightsbridgeFX, we call the banks every morning and compare our rates to them. Not only this but we have the best rate guarantee and will make sure that you get the highest gain on the conversion.
Being the capital of New Brunswick, Fredericton is located along the Saint John River. Well known for its Historic Garrison District, which used to be a British army base back in the 18th Century, the city now has several art studios, outdoor theaters, and art galleries. The city is also the proud host of the award-winning Harvest Jazz & Blues festivals which not only attracts local and international artists but also people from all over Canada and abroad. The Festival is held annually every September and is spread over a period of 6 days. Being the only city in New Brunswick, which has two Universities, it is a major cosmopolitan city attracting people and cultures from all over the world.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.