Where to Go for Quick, Reliable Currency Exchange in Grande Prairie

For currency exchange in Grande Prairie, buyers and sellers of Canadian dollars have a couple different options. The two main ones are banks and independent foreign exchange companies. Independent providers range from retail chain franchises, to small local groups, to online-only establishments. At this stage, you’re probably already familiar with the big five Canadian banks, where most currency conversions take place in Canada – even if they are unfavorable. The truth is every person seeking exchange has unique wants and needs, and it’s up to them to determine what method is best for them based on what they’re comfortable with. Many individuals will continue to use the banks, knowing their rates may be higher, because they’re more familiar with them. Meanwhile, others will do all they can to find the best foreign money exchange rates in Grande Prairie in order to save as much money as possible on conversions.

Edmonton International Airport Near Grande Prairie

To get the best USD exchange rate in Grand Prairie or competitive exchange rates on virtually any currency in the Grande Prairie region, it would be wise to avoid exchanging dollars last minute at the airport. The nearest international airport to Grande Prairie is the Edmonton International airport, which is about a 4-hour drive north of Grande Prairie. Airports charge large amounts of rent to businesses that operate within them, and the result is a pricing model that isn’t very customer-friendly. Airport exchange kiosks, along with other airport terminal boutiques, are priced much higher than what they would normally be as a roadside storefront. What these companies rely on is a lack of options on behalf of their customers; seeing as they won’t have the time or ability to leave the airport to quickly make an exchange. On top of getting inflated rates with heavy mark-ups, you can also encounter large service fees just to use their conversion service at the airport.

Canadian Dollar Exchange at Public Kiosks in Grande Prairie

Public places like shopping malls and popular tourist areas (including hotels and motels) are often common places to find currency exchange kiosks. Seeing as they are classified as brick and mortar storefronts, there are plenty of added upkeep costs that accompany them. As a result, these typically need to markup their rates above their online only competitors with lesser business costs (KnightsbridgeFX). Foreign exchange companies that operate solely in electronic transfers and neglect cash exchange will get you the best FX rates in Grande Prairie. Now, in your search for the best currency exchange rate in Grand Prairie, it’s important to really think about the company that you are using. While there are many trustworthy independent providers, like Knightsbridge Foreign Exchange, there are also some independent providers who don’t follow all the rules or regulations set out by the government. One of the easiest rules to spot from the start is to see whether they ask you to verify your identity. If they don’t, it’s a clear sign that they’re breaking government regulations and as such they may not be a reliable source. Be sure to check that your Grande Prairie currency conversions are only performed through a trustworthy business.

Grande Prairie’s Bank Opportunities for Currency Conversion

As we’ve discussed earlier, the majority of currency exchange in Grand Prairie is done through an individual’s primary bank, but that doesn’t mean that the banks offer the lowest exchange rates in the area. It’s easy to do a quick Google search online and assume that’s the rate you’re going to get, but that’s basically never the case. Banks will typically mark-up their rates by a margin of around 2-3%, which could cost you hundreds or even thousands of dollars in lost savings. With banks, the more you’re willing to exchange, the more you’d lose. Your money is valuable, and that’s why you want to get the best foreign money exchange rates in Grande Prairie.

Online Foreign Currency Brokers in Grande Prairie

Independent currency exchange brokers are often looking for different methods to entice clients, usually in the form of offering lower rates than the competition. One major way these businesses accomplish that is by keeping their overhead costs extremely low. At Knightsbridge Foreign Exchange, we do that by operating entirely online. Without physical cash and retail locations, we are able to keep our costs down. It’s worth mentioning that whenever you go to a traditional exchange booth they will likely perform your transaction with cash in hand. You’ll usually pay an unnecessary premium whenever cash is involved – you’d save much more with an electronic transfer system.

Getting the Most Affordable Foreign Exchange in Grande Prairie

We believe that at Knightsbridge FX we have the best deals on currency exchange services in Grande Prairie, and we believe it because our customers save an average of 1-2% on their rates relative to the competition. That may seem minimal to you, but imagine you want to buy a vacation home in Florida and need to make a down payment of $200,000. Well, saving 2% on that conversion would mean you get to keep $4000 in your pocket at the end of the day. That’s a lot of money to save, and all you need to do get it is to choose an easier way to exchange your currency with Knightsbridge FX.

A Little More Info on Grande Prairie, Alberta

Grande Prairie, also known as the Swan City, is a city in the northwestern area of Alberta. Grande Prairie has a population of about 63,000 people and is about 450km northwest of Edmonton. It began as a village in 1914 until it was officially recognized as a city in 1958. With its surrounding area being the summer nesting ground and migration route for the Trumpeter Swan, it has adopted that animal as the area’s official symbol. Coincidentally, the city’s “unofficial” symbol is a dinosaur due to the numerous fossil discoveries in the area. Historically, Grande Prairie was used primarily as a terminus train stop for the Edmonton Railway in the early 20^th century. In the post-war era, Grande Prairie saw a major economic boom due to the construction of a P&G pulp mill in the area coupled with a natural gas basin discovery. Today, Grande Prairie serves as a trading hub for almost 300,000 people in terms of goods transportation.

Whether you consider yourself to be a currency exchange newbie or a seasoned exchange veteran, we invite you to give us a call at 1-877-355-5239 for a quote on our services. We’ll guide you through our simple process with absolutely no pressure at the end to exchange with us. For simpler methods, you could also apply online and prepare to receive your currency in a timely manner. Knightsbridge Foreign Exchange is a company that you could trust with all of your currency exchange inquiries. Call KBFX today!

To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.

5 LESSER KNOWN FACTS ABOUT GRANDE PRAIRIE, AB

• There is a yearly Reel Film Shorts Festival in Grande Prairie that displays dozens of Canadian and international short films
• The Philip J Curie Dinosaur Museum is located just a quarter of an hour’s drive away from Grande Prairie and it hosts almost 4000 square meters of relevant exhibits
• The country-wide Canada Games were hosted in Grande Prairie in the year 1995
• WWE’s professional wrestler Eric “Viktor” Thompson was from the Grande Prairie area
• Canadian actor Alex Zahara was born in Grande Prairie