Interbank Equivalent
Current interbank rate: 0.7639
Exchanging with KnightsbridgeFX vs. your bank could save you

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“I saved a huge amount…about $3,000 over the bank quoted for U.S. dollars…everything went as smooth as a dream”

David Newman,

Florida Property Buyer interviewed by the Toronto Star

“You can save hundreds, if not thousands of dollars”

Terry Ritchie,

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”

Preet Banerjee,

columnist, for the Globe and Mail

“KnightsbridgeFX is “the costco’s of foreign exchange”

Financial Advisor quoted in the Globe and Mail

See KnightsbridgeFX in the Media

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OKOTOKS: Currency Exchange (1-877-355-5239)

Are you a resident of Okotoks that commutes to work in Calgary or other areas? Are you planning a trip across the pond or need to head down south for business? If so, you’ll need to exchange your Canadian dollars into an overseas currency or US dollars in order to make payments. In order to accomplish this effectively, you should search for the best currency exchange rate in Okotoks. The general public consensus suggests that your best and only option for currency exchange in Okotoks is to use your bank, but in today’s modern climate that is a false claim. Thanks to the internet, companies dedicated specifically to foreign exchange, like KnightsbridgeFX, can operate anywhere in Alberta and are generally able to offer lower exchange rates than the bank. In terms of us at KnightsbridgeFX in particular, we’ve built a business model that keeps our operating expenses dow – which in turn lets us offer extremely low rates. We deal in all sorts of currencies from around the globe, so when it comes to receiving the best USD exchange rates in Okotoks, or any international currency for that matter, Knightsbridge Foreign Exchange has you covered.

Using your bank involves a high degree of comfort, safety and familiarity, which is why many individuals continue to use it without question. The banks understand this and leverage that customer loyalty to marup their rates beyond necessity. Luckily, that’s where we come in. At Knightsbridge Foreign Exchange, we operate with much lower overhead costs than the banks do, so we don’t need to add mark-ups at unfavourable levels. Whenever you exchange with KnightsbridgeFX you’re getting closer to the mid market rate than a bank would provide. By passing our cost savings on to you in the form of low rates everybody wins. Why continue to pay overly inflated rates when you can use Knightsbridge FX to acquire the most favourable currency exchange rate in Okotoks.

Currency Exchange Spots in Okotoks

Currency exchange in Okotoks has three main paths to go down. Banks, money exchange franchises, and smaller independent brokers can all offer currency conversion services. If you don’t establish criteria beforehand, there is no right or wrong answer for where to go. At the end of the day, it’s all about your subjective reasons as to why you choose what it is best for you. Most currency exchange seeking individuals weigh the benefits of convenience and cost in their head first. If you want to just go to your regular bank and don’t mind paying the higher rates, there’s nothing wrong with that. However, getting a lower exchange rate at KnightsbridgeFX instead will save you hundreds or even thousands of dollars on large-sized transactions.

 

Calgary International Airport Near Okotoks

The town of Okotoks is about 18km south of Calgary, making the Calgary International Airport the closest hub for international departures and arrivals. If you’re interested in attaining the best foreign money exchange rates in Okotoks, then you’d be best served to acquire it before you go to the airport. Leasing storefront space in the airport generates huge business expenses, and as such creates a need to greatly mark-up rates. Unfortunately, foreign exchange kiosks in an airport are not exempt from this rule. Currency exchange brokers in the airport typically rely on the last-minute exchangers who seem to be pressed for time, and have to make a decision to quickly convert Canadian dollars.

 

Common Foreign Exchange Services in Okotoks

Okotoks is a relatively small town so there aren’t dozens of independent foreign exchange establishments out there, but you can usually find currency exchange kiosks in public areas. Shopping areas, tourist spots and hotels are some of the common areas you can find these kiosks. A couple notable names for example are MoneyMart and MoneyGram. Seeing as they are physical locations, they do have additional operating costs like rent and building maintenance to consider, and that impacts their rates heavily. No matter where you find an independent exchange broker, it’s important to make sure that you can trust them first. Make sure that all independent currency exchange providers you decide on have a high degree of security. On top of that, please understand that you’ll generally pay a premium for cash transactions. This is why KnightsbridgeFX advocates the use of our electronic transfer platform, since it’s the cheapest way to book currency transactions.

 

Converting Canadian Dollars at Okotoks Big Banks

Most people get their currency exchange in Okotoks performed at their main banking institution, which may lead to some believing it’s the best option out there. While it may certainly be a preferred way for some, it certainly isn’t the most affordable currency exchange in Okotoks. Banks not only inflate their rates by a high amount, they’re also notorious for adding flat service fees to the order. With rate markups of up to 3%, you can save hundreds or thousands of dollars based on how much you’re exchanging if you go with an outside source like Knightsbridge Foreign Exchange.

 

Specialist Foreign Exchange Brokers in Okotoks

Independent exchange providers are always seeking to offer customers lower rates to compete with banks, exchange franchises and other companies. Two of the main deals they provide involve lowering their rates for large orders, and by implementing an online based business model that eliminates a lot of operating expenses. At KnightsbridgeFX, we deal entirely in electronic funds and have no walk-in retail locations at all. We send your money to a convenient location of your choosing and save money in the process. Doing that gives us the freedom to offer you the best currency exchange rate in Okotoks.

 

Heading Online for the Most Favourable Currency Exchange

Would you like to save an average of 1-2% over the leading exchange franchises and banks? Then switch the direction of your currency exchange in Okotoks inquiries to Knightsbridge Foreign Exchange. Affordable currency exchange should not have to be a luxury; it can be something everybody should enjoy. Imagine needing to exchange $100,000 to buy a home in another country. By using Knightsbridge FX, you’d save $2,000 over using your home bank. Seeing as you’re getting the same amount of money, these are incredible savings you just can’t pass up. Still not convinced? Give your bank a call to get an exchange rate, and then give us a call for a rate on the same currency. We’re confident our rate will be better!

On the Topic of Okotoks, Alberta

Okotoks is small town that is located about 15 minutes drive from the southern part of Calgary. While Okotoks is still considered to be a small locality within the province, it features a growing vibrant business community.  One interesting to note is that most businesses in Okotoks are tax-exempt; and those that aren’t end up paying the lowest non-residential taxes in the Calgary region. Being so close to Calgary, without being recognized as a direct part of the large Albertan city, Okotoks benefits from the positives Calgary brings like weather and sunshine without the congested streets and higher taxes. One interesting thing to note about Okotoks is that because the locality is considered a “town” and not a “city,” it is considered to be the largest town in Alberta.  The town’s name is derived from a Blackfoot (First Nations) word called “ohkotok” which represents the big rock parked a few kilometers outside the town limits. The Okotok’s big rock was shifted over there during the last glacial movement.

If you travel regularly for business or for leisure, then you know how important it is to save as much as you can when you exchange your currency. To get a no obligation quote on our exchange rates, give us a call at 1-877-355-5239 and view the difference yourself. We’ll walk you through the process and show you just how easy and affordable it really is, all with no hidden costs. If you’d rather apply through our website, you could go online and apply in just minutes. We assure you, Knightsbridge Foreign Exchange is number one source for the best currency exchange rate in Okotoks.

To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.

 

LITTLE KNOWN FACTS ABOUT OKOTOKS, AB

 

  • The town of Okotoks is a relatively young community, with the average age of the town’s population being in the mid 30’s
  • Over 75% of Okotoks’ population growth has happened since emergence of the 21st century
  • The local collection car auction in Okotoks is the longest running auction of its kind in Canada
  • The Drake Landing Solar Community established in Okotoks is the first solar-powered community of its kind in North America
  • Okotoks was heavily affected by the 2013 Albertan Flood

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