Currency Exchange in Nanaimo

If you are travelling and looking to exchange physical cash in Nanaimo 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.

Where to Exchange Currency in Nanaimo

Thinking of buying a property in the U.S or just planning a vacation south of the border. Your company pays you in U.S dollars and you need Canadian currency for your everyday expenses? If any of these scenarios match your needs, you are likely to be looking to convert large sums of money with the best possible exchange rate, which is not only convenient but also saves you money on the exchange.

All the major 5 banks namely Royal Bank, TD Canada Trust, Bank of Montreal, CIBC and Bank of Nova Scotia have several branches and ATM locations in Nanaimo and although it may seem like a convenient option to go to the bank and do the exchange on the spot, it will cost you a lot more. Most banks tend to take advantage of that and charge large markups to cover their high overhead costs. Therefore, it is highly recommended that you look for third party currency exchange service providers that are reliable as well as provide you with competitive rates.

The Best Place to buy or Sell US Dollars in Nanaimo

Knightsbridge foreign exchange is one such company that provides you with best rate guarantee as well savings of about 2-2.5% in comparison to the banks. At KBFX, we understand that money is hard earned and thus offers you competitive rates on the exchange. How do we know we offer a better rate? We call all major banks every morning and compare our rates. Not only this but with our best rate guarantee, we can match any rate for you if you think you are getting a better rate with anyone else.

With an A+ Rating with the Better Business Bureau and numerous media coverages with CTV, BNN, Globe & Mail, and Toronto Star, to name a few, we ensure that your funds are securely held in a trust account.

Call us today at 1-877-355-5239 for a free no-obligation quote and try out our services with a small amount. We guarantee that you will come back for more and even recommend us to your friends.