“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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If you are looking to exchange currency in North York, you may be buying US real estate, sending money abroad, paying tuition in the US, or moving money from one country to another.
When assessing their options for foreign exchange in North York, most patrons first consider using their bank. However, banks mark up their exchange rates significantly, costing you more for cash exchange. If you’re looking for the cheapest way to exchange Canadian to US dollars, it’s recommended that you contact a foreign exchange broker, such as KnightsbridgeFX.
Knightsbridge Foreign Exchange can offer better rates than the stodgy old banks. We also offer free wire transfers to Canada and the United States.
Knightsbridge Foreign Exchange North York
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In the North York foreign exchange space, there will be a bevy of options for you to buy and sell. North York houses branches of all of the major Canadian banks, as well as several credit unions, many hotels, malls, and other currency exchange venues that can be explored.
Pearson airport, which services the Greater Toronto Area, including North York, offers currency exchange on site through Travelex. High overhead costs, such as airport rent, and the cost of carrying a large inventory of physical cash makes airport exchange rates undesirable.
Many hotels in North York offer international currency exchange services. The majority of large hotel chains, including the Sheraton, Best Western, Holiday Inn, and the Marriot have hotels operating in North York. Some hotel chains offer currency exchange in-house, however, at what is often an expensive exchange rate.
Foreign currency exchange services in North York can also be found at local kiosks located in densely populated areas, such as malls. Most of North York’s major malls and tourist locations will offer a currency exchange service, and there are many small cash boutiques that can be used, such as Union Exchange or Kantor Exchange.
The big five Canadian banks of BMO, CIBC, RBC, Scotiabank, and TD all have a presence in North York. Money exchange can be conducted at any of these locations, but it’s prudent to call in advance to ensure they have the currency that you are looking for in stock.
Foreign exchange brokers offer the best exchange rates, but often have high minimum amounts, and do not keep cash on hand to keep their costs low. If you’re looking to exchange a large amount, using a foreign exchange broker such as KnightsbridgeFX would be the way to get the best exchange rate from Canadian dollars to US dollars.
The Yonge and Finch neighborhood has developed into one of North York’s thriving residential and commercial urban hub. There are a number of different entities that provide financial, banking and currency exchange services. The majority of the big five banks have branches within this area, Scotiabank is located on the northeast corner of the Yonge-Finch intersection, the Royal Bank branch is just opposite on the southwest corner, the Bank of Montreal is located a bit south at the Yonge-Olive intersection and the Canadian Imperial Bank of Commerce is a couple of blocks south Yonge and Norton Avenue. There’s also a Korean Toronto Credit Union and a DUCA Credit Union nearby. All of these banks can provide currency exchange services but they may not provide the best rates, a local currency exchange provider such as Knightsbridge Foreign Exchange that is integrated with all of these banks can provide much better exchange rates.
The Yonge and Steeles area has a number of different commercial establishments including currency exchange and other financial services. The Bank of Montreal, Scotiabank, and President’s Choice all have branches within Centerpoint Mall while TD Canada Trust and the CIBC have branches just across the street. These banks provide currency exchange services and often have exotic currencies that you wouldn’t normally find elsewhere. The only drawback is that the exchange rates that they offer is not as good as a specialized currency exchange provider.
Yorkdale Mall offers a currency exchange service through Continental Currency Exchange. This is a good option if you’re looking for cash and exchanging smaller amounts. Their rates are typically better than the banks but still not as competitive as some of the other foreign exchange providers in the North York area since cash money exchange services have higher overhead costs and therefore can’t pass the savings onto their customers.
To get the cheapest US exchange rate in North York, you should use a specialized foreign exchange broker such as KnightsbridgeFX. However, if you are exchanging a small dollar amount, exchanging an exotic currency, or need physical cash, you would be better off exploring some of the other venues detailed above.
North York is a former municipality of Toronto, which geographically comprises the central and northern sections of the city. North York is a quickly growing area of the Greater Toronto Area, with a population of over 600,000 constituents. North York is also one of the most diverse neighbourhoods in Canada. Economically, North York continues to be one of Toronto’s major corporate areas.
Why not give us a call at 1-877-355-5239 for a no-obligation currency exchange quote? Our customer service representatives can walk you through the steps to getting the best currency prices in North York. Otherwise, fill out the form on the get started page and we can get back to you about getting the best currency exchange possible in North York Ontario.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.