“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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MILTON: Currency Exchange (Call 1-877-355-5239)
If you’re looking to make a substantial investment overseas in the form of a foreign real estate purchase, you’ll want to cut down costs whenever possible. In order to fulfill this goal, you’ll need to convert your local Canadian dollars to a foreign denomination at a great exchange rate. When you’re buying a substantial item that will end up costing you thousands of dollars, the right exchange rate could save you a surprising amount. In your situation, you’ll need to find a reliable and affordable provider of currency exchange in Milton. To be completely honest, you could book a currency exchange transaction with any major Canadian bank if it’s convenient, but you won’t save much money on the exchange rate. On top of that, big financial institutions tend to add on service fees and other unnecessary charges accompanied with the poor exchange rate.
Fortunately there are alternative options available that are even better, like Knightsbridge Foreign Exchange. KnightsbridgeFX offers a simple, safe, and effective process to go along with the best currency exchange prices in Milton. Not only is KnightsbridgeFX fully secured and backed by financial regulatory boards, but with them you will only ever pay the rate quoted. There are absolutely zero hidden fees, fixed service charges, or wire transfer costs. That’s right; as long as you meet KnightsbridgeFX’s minimum order size you will never be charged for wire transfers.
With so many avenues to go down in terms of currency exchange in Milton, it’s best to initially categorize them into the following three groups: banks, franchises and independent brokers. Each one of these three options has their own particular list of pros and cons that you can use to determine what the optimal deal is for your needs. Banks are by the simplest and safest to use, especially since you’re most likely already a client in some regard, but you’d be sacrificing your change to get the cheapest currency conversion in Milton. If you decide to go through with an independent broker, you’d get much better exchange rates as long as you’re willing to fill out some digital paperwork. The chain exchange franchises (like Money Mart, ICE, and Continental Currency Exchange etc.) tend to fall back in between the rates set by brokerages and banks. In terms of the best option available in the Halton Region, you should open an account with KnightsbridgeFX to get the best foreign exchange offerings. If you’re still skeptical, you can give Knightsbridge Foreign Exchange a call at 1-877-355-5239 for a complimentary no-obligation quote!
If you have a lot of planning and packing to do before your trip, then you may think that it’s best to wait until you get to the airport to make a currency conversion or money transfer. While that’s undoubtedly convenient, you’d be paying a heightened premium at virtually any international airport near the Halton Region. Airport brokers, exchange kiosks, and other currency exchange specialists inside an airport charge notoriously expensive rates because leasing space at an airport terminal is very costly. Toronto Pearson International Airport, the nearest international airport to Milton, is the same as any other airport. The vast majority of large airports charge incredibly high rent fees to retailers, which is why they have to add incredulous markups to make up the difference. Seeing as the airports can’t offer affordable foreign exchange deals near Milton, mostly due to expensive rates and fees, you’ll discover that most airport FX customers are using them as a last resort. Typically when you’re running late, the sense of urgency will force you to convert money at unfavourable prices.
As long as you’re near the downtown core, or in a heavy populated area of Milton, you should be able to encounter currency exchange services near large hotels. If you’re actively on the search for one, you’d be best served to look in high-traffic areas like shopping centres, popular tourist areas, and big name hotels. If you’re hoping to get some of Milton’s greatest currency exchange deals at one of these locations, then unfortunately you’ll be disappointed. Hotel exchange businesses are certainly smaller in scale compared to airport FX establishments, but they still have enough expenses from their physical branches. In other words, similar to airport FX they need to add a markup that’s high enough to cover their debts. To get the best exchange rates possible in the Halton Region, independent brokers may be the way to go. If you are pursuing this route, make sure you know exactly who you’re dealing with. Some research you can do includes seeing if they require identification for your exchange. That’s a Canadian government regulation, so if foreign exchange companies don’t require it you’re better off giving them a pass. We don’t advocate giving service to shady businesses, which is why you should always make sure your provider is regulated correctly and insured for losses.
An extremely large percentage of the market share for currency exchange in Milton belongs to the banks, and some believe that means they’re the best option. However, it really all depends on what you’re looking for, and if you value convenience or cost more. If you’re primary goal is to be financially responsible and money, then going with banks is a poor choice. On the other hand, if cost is secondary to receiving a timely and convenient conversion, then the banks aren’t a bad way to go. The fact of the matter is, banks actually add a very high markup to their exchange rates, usually about 2%, which creates a very large difference on how much you save; or in this case lose. We recommend that if you’re going through with bank exchange you should only commit to small amounts. After all, an exchange rate improvement on a 2% margin won’t save you a ton of money if you’re only transacting $100. One of the options you can explore for larger sized orders is Knightsbridge Foreign Exchange, where you can easily obtain the cheapest currency exchange in Milton from anywhere in the Halton Region.
As long as banks continue to unfairly dominate the foreign exchange market, other exchange brokers are constantly looking for other ways to appeal to new potential customers. A couple examples of these deals are delayed and installed payment plans that lower the rate you pay based on how much you exchange. These deals, accompanied by very competitive exchange rates and no fees, are great deals for anyone seeking currency conversion. It’s really just a matter of getting the word out – most people refuse to use third party brokerages to convert currencies simply because they haven’t heard of them.
Our customers at KBFX save an average of 1-2% on their exchange with us. The substantial savings you receive are the results of our ability to offer Milton’s finest exchange offerings. Our business has no walk-in locations, so we save a ton of money on the cost of brick-and-mortar branches. As a result, we can afford to accept lower profit margins on each trade. We want you to see we’re the ideal option for currency exchange in Milton for anybody looking to transact large amounts, so we invite you to call us for a rate on any currency. Once you’ve inquired about our rates, you can check with your primary bank and see that ours are significantly better.
At Knightsbridge Foreign Exchange we focus on providing the most cost-efficient currency conversion deals in Milton. We can do that because we’ve made our business online, meaning we can service all across the country without the expenses coming from physical stores. With a low overhead, we pass our savings to you in the form of favourable exchange rates and zero service charges.
Milton, Ontario is a town in Southern Ontario within the Halton Region of about 110,000 people, only about 40 km west of Toronto. It can be considered as part of both the Greater Hamilton Area and the Greater Toronto Area, seeing as it’s situated between the two. Milton’s roots begin in the early 1800’s and by 1869 Hamilton had a population of about 1,000 people. Milton has been regarded as one of Ontario’s fastest growing cities by population, and has experienced an astounding 71% growth from 2001 to 2006. The city continues to grow surprisingly year over year, and analysts predict that the municipality’s population is expected to exceed 200,000 by the year 2030. The town is by definition a “commuter” municipality where most of the suburban residents work in busier areas like Mississauga or Hamilton.
We value our customers and want to do everything we can to provide them with the best currency exchange rates we can. We invite everyone to call us at 1-877-355-5239 to get a free, no-obligation quote and we’ll take you through our simple and fast exchange process. You can also apply online since it only takes a few minutes to get started!
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.