Exchanging with KnightsbridgeFX vs. your bank could save you CAD$ 0
“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
Get a no-obligation quote
Call us to obtain a free no-obligation exchange rate quote.
Book a transaction
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.
If you are travelling and looking to exchange physical cash in Moncton there are a number of different places that you can go. Many retail vendors around the city specialize in these transactions, so they might be your best bet. However, retail vendors are usually located in busy city centers such as airports, train stations or shopping malls. This means their overheads are incredibly high, resulting in inflated rates. Your other option is to go to your local bank. You might be able to find more favorable rates here when looking to exchange physical cash; however banks too have high overheads so you might run into a similar problem. The key is to shop around in order to find the best rate. Physical cash exchange is always more expensive than electronic cash exchange, so try to buy in large amounts to take advantage of better exchange rates.
If you don’t need physical cash, and are looking to transact an amount higher than $5,000 than Knightsbridge Foreign Exchange is the place for you.
Thinking of traveling to the U.S, or have a property in mind that you want to buy for an investment? Your kids are going to the U.S and you have to pay for their tuition or just want to convert your salary to pay for daily expenses? Then you obviously have a need for foreign currency and are looking for a service provider that is not only trustworthy but also convenient for you.
The first place that comes to your mind when you are looking to exchange currency, is most definitely your bank. Just like you, most people also consider their local bank as the only option for currency exchange. What they fail to understand is that banks although accommodating will charge a high mark up on the exchange rate mainly because they have high overhead costs resulting in you paying for costs which are completely unrelated to the foreign exchange.
Moncton has a lot of hotels near the airport that offer currency exchange services such as the Best Western Plus, Quality Inn etc. These hotels with their convenient location attract a large number of tourists who prefer to do the exchange on site. Nevertheless, they end up paying a higher markup because hotel currency exchanges have to pay their employees, keep cash on hand as well as pay a high rent on the retail location, hence transferring the additional costs to the customer doing the exchange as well as keeping up their profitability.
In order to get the best out of your exchange and keeping your savings to the maximum, it is highly endorsed that you look for third-party exchange rate companies such as KnightsbridgeFX. Known as the ‘Costco’s of foreign exchange’, KBFX ensures that you are getting the best rate guarantee and making the most out of your exchange.
How do we know, we have the best rate? We call banks every morning and compare their rates to ours. Thus, doing most of your work for you; if you are looking to shop around for rates and warranting that indeed, we do have a much better rate than your bank. At KBFX, our traders can even watch the rate for you and if it hits your target, we can automatically convert the
funds for you.
Call us at 1-877- 355-5239 for a no-obligation quote and see how we fare compared to your bank’s rate.
Being the largest city of New Brunswick, Moncton is located in the Petitcodiac River Valley and acts a railway and land transportation hub for the Maritime provinces. A stable economy and diversification of services in various sectors such as Information technology, health care and insurance, Moncton has managed to receive national recognition and has one of the lowest unemployment rates in the country.
The city’s numerous natural attractions such as the Fundy and Kouchibouguac National Park, UNESCO world heritage site and one of the warmest salt water beaches on the Northumberland Strait to name a few appeals to a large influx of tourists, making it extremely busy during the Summer.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.