LONDON ONTARIO: Currency Exchange (519) 937-1927
Due to there being a considerable number of financial institutions in London, you have quite a few options to use to exchange your currency. One important consideration to keep in mind is that foreign currency exchange rates are impacted by the spot price changes on global financial money markets, commonly referred to as the FX markets.
FX markets have the highest trading volume of any other financial market in the world, and it basically trades around the clock. In simple terms, this means that exchange rates are constantly in motion. It’s not uncommon to hear about volatile currencies entering sharp up trends or downtrends. As such, it can be difficult to obtain accurate and timely quotes from banks. To make matters worse, some banks do not make their exchange information readily available, and they make you jump through several hurdles for a quote. By the time you call more than one bank, it is possible that the exchange rate has already changed due to how frequently prices shift in the markets.
Locations in London Where You Can Trade CAD for USD in Cash
When looking to exchange your Canadian dollars for another denomination such as US dollars, London Ontario has a plethora of options where you can take your business. Having so many different places to choose from, it can be difficult to find the ultimate quote. For this reason, it is important that you shop around to find the best exchange rate (Canada to US). The only way to properly achieve this is to compare quotes from many different FX service providers. These cash-in-hand providers can be located in airports, shopping malls, tourist destinations, and hotels. Of course, you always have the option to go to your bank; but just know that banks offer some of the worst exchange rates on the commercial side.
Switching to Digital Foreign Exchange Companies
If you are seeking to exchange currency, you should understand the drawbacks of going to a bank. Bank exchange rates are often much worse than what a non-bank provider can offer you. Most people do not realize that there are other options and simply go to the banks by default. In comparison, non-bank exchange providers often have less overhead, and have more incentive to offer competitive rates to individuals. At KnightsbridgeFX, we are a non-bank provider that seeks to offer competitive exchange rates combined with excellent customer service. It’s really that simple; we have less operating costs to make up for, so we can accept a lower margin on our transactions. As a reputable foreign exchange company, we love passing down our favorable rates to our clients and leaving them satisfied.
A Little Bit About London, ON
London is located in Southwestern Ontario at the fork of the Thames River. The city is situated approximately halfway between Detroit, Michigan and Toronto, with a population of around 366,000. London is home to a number of cultural festivals, including the Sunset Festival and the London Fringe Theater Festival. It is also home to the University of Western Ontario, which has strong life sciences research programs. The Libro Credit Union, which is owned by its members, is based in London. 3M also has its Canadian headquarters in the city.
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 London.
Unusual Trivia About London
- London is home to the world’s oldest operating baseball diamond. Labatt Park was opened in 1877, and it’s still in use today.
- Every single Chicken McNugget in Canada is made at a McDonald’s plant in London.
- London and the Thames River were named by Upper Canada’s Lieutenant-Governor John Graves Simcoe back in 1793. He had hoped that London would become the colony’s capital, but it was decided that York, which is now Toronto, would hold that title.
- London is at the middle point between Toronto and Windsor, both of which are about 200 kilometres away.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.