“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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Confirm an exchange rate and receive a trade confirmation receipt confirming all details before you transfer funds.
Send funds by online bill payment or bank transfer and converted funds will be sent to your destination same day or next day.
Currency Exchange in Markham
Heading on a long trip soon and in need of some cash before you go? There are many places you can go for currency exchange in Markham, with the bank being the first and only choice for many. However, there are other options you may want to explore, especially if you want the best USD exchange rates in Markham or the best foreign money exchange rates in Markham. One of those options is Knightsbridge Foreign Exchange that offers the best currency exchange rates in Markham combined with an easy, convenient and fast process for the actual exchange.
All the different options for currency exchange in Markham will fall into one of three categories: independent brokers, exchange franchises and banks. These are all very different categories and as such they come with different positive and negative attributes that you may want to consider when deciding where to exchange your currency. The bank for example is a great option if you want something that is simple, comfortable and safe. But, you’d be very far away from getting the best USD exchange rates in Markham or the best foreign money exchange rates in Markham. On the flip side, an independent broker doesn’t have the safety and security of the banks, as there’s a better scam risk at play, but you’re bound to get a better rate than the bank. Then, there’s Knightsbridge Foreign Exchange, where you get an easy and fast process along with the best currency exchange rates in Markham.
The nearest airport to you in Markham is Toronto Pearson International Airport, and many will save their currency exchange until they get there as it is more convenient for them. If you do this, be aware you’re doing it at the cost of possibly getting the best USD exchange rates in Markham or the best foreign money exchange rates in Markham. Major airports charge a lot of rent to retailers, which is why prices at the airport are so expensive. For airport exchange brokers, that comes to play in their exchange rates, as they have to add a huge markup to be able to makeup the difference. Without the ability to offer the best currency exchange rates in Markham, any customers using the airport broker for their currency exchange in Markham are likely last-minute exchangers or have prioritized the convenience of it.
If you’re driving around the city, you may see some exchange kiosks available to use for currency exchange in Markham. These re usually found in convenient locations like shopping malls, tourist locales and hotels due to their high traffic. These can be really nice to use, but don’t let their small size make you think they don’t have high markups. They may not be as much as the bank, other retailers or airport brokers, but there is still enough of a markup to keep them from offering the best currency exchange rates in Markham. You may be thinking about using an independent broker to get a great rate, but make sure you do some research if you’ve never used them before. The first thing you can check is if they require identification because if they don’t, they’re disregarding government regulations and you should pass on them. Even if they offer the best USD exchange rates in Markham or the best foreign money exchange rates in Markham, it isn’t worth using a broker that is breaking legal regulations.
The major Canadian banks have owned the majority of the market share for currency exchange in Markham. Some take this to mean they’re the best way to exchange their currency, perhaps not factoring the actual rates they’re getting. The bank doesn’t provide the best foreign money exchange rates in Markham or the best USD exchange rates in Markham. Instead, they add a very large markup to their rates (approximately 3%) that makes a large difference in how much you’re sending. If you’d like to get better rates, there is a provider that gives you an easy, safe and quick way of exchanging our currency with the best currency exchange rates in Markham. That option is Knightsbridge Foreign Exchange.
With banks having so much of the consumer base for currency exchange in Markham, there are many different deals they try to offer to bring in more customers. A couple examples of those deals are to lower your rate based on how much you’re exchanging, or to allow you to pay at a later date or in installments. These are designed to work with or without the best USD exchange rates in Markham or the best foreign money exchange rates in Markham. At Knightsbridge Foreign Exchange, our goal is to continue providing the best currency exchange rates in Markham. We do that with our online infrastructure, rather than having physical locations. This keeps our overhead low, and your exchange rates low too!
We can confidently say that we have the best USD exchange rates in Markham and the best foreign money exchange rates in Markham because we know that our customers at Knightsbridge Foreign Exchange save about 1-2% per exchange on their exchanges versus customers of the leading providers of currency exchange in Markham. Look at this way, if you exchange $100,000, then by simply choosing Knightsbridge Foreign Exchange, you’d save $2,000 on your exchange! See for yourself by getting a rate from us and the bank, showing we indeed have the best currency exchange rates in Markham.
Markham, Ontario is a city in the Greater Toronto Area with a population of about 330,000 people. This ranks it as the 16th largest city in Canada by population. Markham was first settled in 1795, before officially incorporating as a village in 1872. 100 years later in 1972 it would incorporate as a town, and then finally in 2012 it officially became a city.
We hope you’ll give us a chance to show you first-hand why Knightsbridge Foreign Exchange is the best choice for currency exchanging. Call us at 1-877-355-5239 and we’ll give you a free no-obligation quote along with a walkthrough of our exchange process. You can also apply online, the application only takes a few minutes to complete!
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.