Currency Exchange Kitchener - Best Foreign Exchange Rates Kitchener |

KITCHENER: Currency Exchange (519) 204-0623

Are you searching for the best place to buy large amounts of U.S. dollars in Kitchener? Don’t waste your time with banks and other traditional financial institutions. Historically, the major players in the financial service industries pass their absurd operating costs on to you in the form of inflated exchange rates. Banks overcharge you for their foreign exchange services because they need to make up the costs for other departments. In terms of getting the most affordable exchange rates in Kitchener, there is one name that you can surely trust: Knightsbridge Foreign Exchange.

Contrary to popular belief, bank currency exchange rates aren’t competitive at all. Banks count on the fact that most individuals side with them on the concept of loyalty. After all, so many Canadians use the banks for their other financial services; it makes sense to tack on FX services for convenience. Fortunately, if you’re willing to do your research, you could find that there are plenty of more favorable exchange opportunities out there. By going digital and trading your dollars with Knightsbridge Foreign Exchange instead of the bank, you can enjoy rates that are roughly 2.5% better.

How We Can Help You Save Money on FX

Whether you’re about to move to the United States, own a business that exports or imports across the border, or are looking to invest in real estate in America, your deal will be much sweeter with a competitive exchange rate. At KnightsbridgeFX, we believe in our affordability so much that if you can find a better rate at your local bank, we will beat it. We don’t have the massive overhead that banks do, so we’re able to keep costs low and our prices low. Most importantly, we contact the local Kitchener banks every morning to ensure that our rates beat theirs. Why would you pay more than you needed to exchange currency?

At the end of the day, currency exchange is a commodity service. The main factor that should concern you is the overall price, which is determined by the exchange rate and transfer fees. Our rates are so low that we’ve been featured in the Toronto Star, the Globe and Mail and other publications and media outlets – and the best part is we do not have any fixed transfer fees. With us, you will only be paying the exchange rate that you see. Our wire transfers are complimentary; we will never charge a flat rate as long as you meet our transaction minimums. When it comes to currency exchange in Kitchener, Ontario, you simply can’t do better.

Popular Ways to Convert Currency in Kitchener

If you are looking to convert your dollars to a different nation’s money, Kitchener has various options. In order to find the best cross-border exchange rate (Canada to US) it is highly recommended that you shop around, both downtown on Main Street and online. Calling in advance is a good way to start, and will ensure that you do not waste time by walking into every money exchange in Kitchener for an up to date quote.

Unlike Calgary’s currency exchange, the majority of Kitchener currency exchange locations are in areas such as shopping malls, airports, train stations, tourist destinations and other points of interest. Depending on whether you are looking to do large transfers or just looking for small denominations of cash exchange, the size of your transaction will ultimately determine what consideration is important. Your first instinct for any size exchange is to look towards your bank; this is certainly convenient, but you’ll lose a ton of potential savings on large transfers. For the cheapest way to exchange Canadian to US dollars, it is in your best interest to stay clear of the banks. sometimes to find the affordable money exchanges in Kitchener you need to search online.

Kitchener-Waterloo Regional Airport FX

When arriving or departing from the Region of Waterloo International Airport, you may find yourself in need of currency exchange services to convert to and from CAD. Unfortunately, the locations that do foreign exchange in Kitchener’s international airport are known to have some of the highest rate markups around. All airport money exchange booths operate in the same way, they understand that their service is a last resort. Customers with no other choices will feel obliged to use them for conversions no matter what the cost is. Although we recommend staying away from airport kiosks entirely, this is not always feasible. To minimize the damage to your wallet, only exchange exactly what you need and nothing more. Poor rates do not greatly affect your transaction cost if you’re just transferring small amounts. We’ve all been there – sometimes you forget to exchange your dollars online and your flight is about to depart.

In-House FX Conversion at Kitchener Hotels

If you are staying in a hotel downtown and looking for a currency exchange provider in Kitchener, you may be able to find these services at the hotel itself. Be sure to call the front desk and ask about any currency exchange services they have. If your overnight stay doesn’t offer any FX, you can be sure to find plenty of buildings scattered throughout the city. The front desk might be able to guide you to a nearby foreign currency exchange where you can request a conversion. If you are interested in finding a hotel with currency exchange locations, make sure to do some research before you book a stay to ensure the hotel is able to satisfy your requirements.

Currency Exchange Branches, Booths, and Kiosks in Kitchener

Need a specific type of currency that you wouldn’t be able to readily find at a hotel? Most of the time, you’ll need to visit a international currency exchange. Fortunately for you, Kitchener has various places you can go that have brick and mortar branches set up. Two of the more popular locations include Continental Currency Exchange Kitchener, and Currency Converters of Waterloo. These institutions are predominantly for small cash amounts, because they don’t offer the most competitive rates. On top of that, you’ll be paying a premium just for receiving physical cash. If you are looking to transact a large amount, you can save much more by performing digital exchanges with KnightsbridgeFX. Going electronic will put more money back in your pocket.

Swapping Currencies at Main Kitchener Banks

For many who are looking to buy and sell CAD or USD, the main Canadian banks in Kitchener are usually the first place they will go to. Typically, Kitchener’s chain FX franchises like Continental are more popular for small amounts whereas historically banks have been trusted with larger transactions. Due to this, most individuals believe that banks are where they will find the best exchange rates. In fact, it is actually the complete opposite. Banks generally feature incredibly high mark ups and offer very unfavorable foreign exchange deals, usually by including a flat transaction fee on top of the poor rate. We recommend booking currency exchanges at your local bank in the Kitchener-Waterloo area only for the purpose of convenience. By using the one of the “Big Five,” you’re essentially giving up the ability to save more money.

Independent Third Party FX Brokers

If you are looking to exchange a large amount, roughly $5000 or more, it is in your best interest to avoid both banks as well as any kiosk locations. Instead you should take your business to a professionally regulated currency exchange broker such as Knightsbridge Foreign Exchange. At KnightsbridgeFX, we specialize in large volume conversions, and as a result we are able to offer our customers with a best rate guarantee and personalized customer service. We’ve carried out over $2 billion Canadian dollars in transactions and we’re regulated by government-linked financial boards. You can trust us to keep your money safe and your costs low.

An Overview of Kitchener, Ontario

Throughout much of its history, the city of Kitchener – which is located in southern Ontario about 100 kilometres west of Toronto — had a different name. The land that it had been built upon was given to the Six Nations by Britain was sold to German Mennonites in the late 1700 period. This company eventually founded the Town of Berlin. It became the City of Berlin in 1912, but due to anti-German sentiment in the wake of World War I, the name of the city was officially changed to Kitchener just four years after the fact. As of a 2011 Census study, Kitchener had a population of nearly 220,000 people. When you consider the region as a whole, Kitchener, Waterloo, and Cambridge combine to form the “Tri City Area” in Ontario.

Numerous banks are located in and around the city to answer your financial needs including: Bank of Montreal, Royal Bank of Canada and TD Canada Trust branches.

Are you ready to get the best currency exchange rate in Kitchener? We’re happy to provide a free, no-obligation quote. Just call 1-877-355-5239 and one of our friendly representatives will walk you through the rest of the process.

FIVE THINGS YOU DIDN’T KNOW ABOUT KITCHENER, ON

The KW Region hosts its own annual “Oktoberfest” to pay homage to the region’s Bavarian roots
Famous hockey player Bobby Bauer was raised in the Kitchener area
In the KW Region, the word “Uptown” refers to Waterloo and the word “Downtown” refers to Kitchener
The 2020 star talent for the Denver Nugget’s basketball team, Jamal Murray, was raised in Kitchener Ontario
World renowned heavyweight boxing champion Lennox Lewis moved to Kitchener when he was in middle school