“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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GEORGETOWN: Currency Exchange (416-479-0834)
Have you been considering taking a trip abroad in the near future? Do you wish to board a flight overseas, either for recreational purposes or to check up on foreign investments? In either case, you’ll want some cash on hand and international funds in your bank account. That way you will have no problems enjoying your trip to the fullest. The bank may be where you default to for currency exchange in Georgetown, but there are other options out there that are much more favourable. In fact, a small number of alternative foreign exchanges will net you the best currency exchange rates in Georgetown, which the banks don’t have. One of those options is Knighstbridge Foreign Exchange, a digital-only company that brings together simplicity, security, convenience along with the best currency exchange rates in the Georgetown area.
Here are some of the pros associated with choosing KnightsbridgeFX over the competition:
- Assured Quality Service – Secured and regulated by FINTRAC # M09819788 and AMF # 904210
- Trustworthy – Over 70,000 satisfied customers (over $2 billion CAD traded)
- Transparent – No hidden fees, mutually agreed upon rates, and best rate guarantees
- Convenient – Your entire transaction can be completed within one business day
- Newsworthy Status – Seen on news outlets: CTV, The Globe and Mail, BNN, Toronto Star, and CBC
To compare the different options for currency exchange in Georgetown, you need to start with the different groups they belong to. Independent brokers, exchange franchises and banks makeup the three groups and their positives and negatives should help you decide what your best choice would be. Is your primary initiative to get the best USD exchange rates in Georgetown or cheapest deals on foreign exchange? Regardless of your financial position, in the vast majority of cases the answer is yes. Then you’ll want to look at an independent broker, although you do risk your personal information security if you’re using a shady provider. If you want to be safe and secure in your exchange, then the bank is the best bet for you. But, you definitely won’t get the best currency exchange rates in Georgetown at the banks; it just isn’t the best foreign exchange method for saving money. Knightsbridge Foreign Exchange will give you the perfect combo of safety, ease of use, and the best currency exchange rates in Georgetown.
If you’re thinking about saving your currency exchange in Georgetown until you get to Toronto Pearson International Airport, take note of the rates you’ll find. You’d be shocked at the difference between the mid market rate of a currency and what you see at airports. You won’t get the best USD exchange rates anywhere near the airport. Rent at major airports is very high, and the result of that is a sizeable markup that helps to recover the associative expenses. This means airport brokers are usually relying on last-minute shoppers or convenience seekers as they know they don’t have the best currency exchange rates in the area. Tip: You can save a considerable amount of money on currency exchange if you ditch physical locations entirely. With electronic money transfers, you avoid paying the premium normally paid for cash-in-hand deals.
In town you may find some public exchange kiosks for currency exchange in Georgetown. The usual locations for these are in high-traffic areas like shopping malls, popular tourist attractions and hotels. As these are still physical retail locations, you’ll find that they still have expenses that lead to them needing a markup that gets them out of range for the best USD exchange rates in Georgetown or the best foreign money exchange rates in Georgetown. You may be looking at an independent broker for your exchange, but you should make sure they’re a trustworthy provider first. The first thing you can check is if they require identification, because if they don’t it’s a sure-fire sign that they’re breaking government regulations. If that’s the case, then even if they claim to be offering the best currency exchange rates in Georgetown you should take your business somewhere else. It’s not worth putting your financial security or personal information in jeopardy with untrustworthy companies.
The major Canadian banks and credit unions effectively control a massive percentage of the market share on currency exchange in Georgetown, but depending on your needs this doesn’t necessarily make them the cheapest or most ideal option out there. Banks use their knowledge of that market dominance to their advantage, continuing to keep their rates up high and not offering the best USD exchange rates in Georgetown or really any competitive rates on popular denominations. At banks you aren’t getting anywhere near the spot rate of an international currency because they add a 3% markup on most exchange rates. On top of that, we’ve already established that banks and credit unions don’t need to compete for foreign exchange clients. Most people will default to their primary bank or credit union as a means of currency conversion.
Providers of currency exchange in Georgetown who happen to operate independent of banks need to leverage improved deals and methods to bring in customers. Even though in today’s economic climate independent FX brokers have the best prices and quality service, they still have only a fraction of the market share. A couple of these tried methods include offering lesser rates for higher exchanged amounts and offering delayed or installed payment plans. These methods are often used when they can’t offer the best prices outright on just any amount of currency. At Knightsbridge Foreign Exchange, our method has been to keep our overhead low by operating entirely online and performing all money transfers and conversions electronically. Without the expenses associated with having physical retail locations, we can pass those savings on to you in the form of the best currency exchange rates in Georgetown.
We love knowing that at Knightsbridge Foreign Exchange our customers enjoy at least a savings margin of 1% on each exchange versus customers using leading independent brokers or major banks for currency exchange in Georgetown. Mathematically speaking that can lead to huge savings; in fact it means saving $1,000 on exchanges of $100,000. We even offer a best rate guarantee! We will match any great retail FX rates that you discover in Georgetown. That’s why we’re able to save we have the overall best currency exchange opportunities in the Georgetown area. If you’re still not quite convinced, then why don’t you give us a call for a rate on any of our available currencies? We have most popular ones in stock, whether you need USD, EUR, GBP and more. Then call your bank right after for a rate on the same one. You’ll be able to witness firsthand the affordability and budget-friendliness of KnightsbridgeFX. We know you’ve worked hard to earn your money, and we want you to keep as much as possible.
Georgetown, Ontario has a population of about 42,000 and is considered member of the Greater Toronto Area while being located near the jurisdictional limit. Georgetown is often mistaken as an official town, but it is actually a community within the town of Halton Hills, which resides in the Regional Municipality of Halton (also including Burlington, Oakville and Milton) which has a total regional population of about 550,000. The area was given the name “Georgetown” after the late George Kennedy, who was one of the region’s first entrepreneurs in the early 19th century. The population of Georgetown is steadily rising over time as more and more families are choosing to live in affordable regions just outside of Toronto.
We believe everyone who has to exchange currency should have access to a simple, secure, fast and convenient way to do so, and that’s where we come in. Let us show you how easy and budget-friendly it can be to exchange your currency with Knightsbridge Foreign Exchange. 1-877-355-5239 is the number to call, where a representative will take you through every step of our simple process. We do it with a free no-obligation quote, so that you get the full experience, and can even jump on it right then and there if that’s what you need! If you’d rather go online, we have that option too. You can fill out our online application in just a few minutes and be ready to exchange in no-time!
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.