Currency Exchange Oshawa - Best Foreign Exchange Rates Oshawa |

OSHAWA: Currency Exchange (Call 1-877-355-5239)

You should approach KnightsbridgeFX for currency conversion services whenever you’re looking to get large amounts of US dollars in Oshawa. Unlike the banks, KBFX always presents their clients with highly competitive exchange rates and no hidden transaction fees. Taking your foreign currency service inquiries to the banks could be costing you much more than you realize. With incredibly high overhead costs, banks inflate their rates in order to be able to generate a profit. Due to them having a huge base of loyal customers, the banks do not need to compete on price – they get away with charging unfavorable prices because people know their brand.

At Knightsbridge Foreign Exchange we do things much differently; our company places a huge emphasis on delivering quality customer service. It is our mission to ensure our customers are saving as much money as possible on their currency exchange transactions. We value each and every one of our clients, and continue to fight for their business by offering Oshawa’s most competitive FX rates.

Areas Where You Can Trade Dollars in Oshawa

Oshawa, Ontario has a number of different options for international foreign currency exchanges ranging from banks to credit unions, hotels, and cash exchange retail services. We’ve broken down some of these below by listing their individual pros and cons:

Foreign Exchange at the Oshawa Centre

If you’re looking for foreign money transactions in cash in Oshawa, the Oshawa Centre is a prime location. The Oshawa Centre is the largest commercial retail hub in the Durham region and is located at 419 King Street West. The centre provides a competitively-priced currency exchange service for both Oshawa residents and tourists. Located inside is a Continental Currency Exchange branch that offers favorable rates on a number of different currencies. With most retail cash operations, their rates may not be as competitive as more specialized online brokers. This is a good option though if you’re looking for cash denominations in smaller volumes, but you’ll be missing out on a ton of potential savings on larger transactions. The Oshawa Centre also houses several of the big five bank branches including Bank of Montreal. Banks are popular options for currency exchange but it’s worth mentioning that their rates are not competitive for most users. However, if you’re subscribed to their premium services you could see better rates – although these services usually aren’t cheap.

Currency Exchange Services at Oshawa Hotels and Motels

Currency exchange service is becoming an expected service for hotels that are rated 3 stars or higher. Within the Durham region, Oshawa has a number of hotels to choose from that provide this in-house currency service. Some of these FX hotels within city limits are the popular Quality Inn Hotel and Conference Centre, the Travelodge Oshawa Hotel, the Best Western Plus Durham Hotel 7 Conference Centre, the La Quinta Inn & Suites Oshawa, the Comfort Inn, and the Holiday Inn Express & Suites Oshawa. As a blanket statement, hotel foreign exchange services are very similar to the ones found at airports. They’re convenient, but they won’t save you any money.

Cash Money King Street Oshawa

The downtown commercial core of Oshawa comprises of King Street intersecting with Simcoe Street as well as the adjacent main roads. There are a number of a financial institution, banks, and cash service operations that provide cash money exchange services in this area. The Big Five Banks of Canada have several branches right at the King and Simcoe intersection including the Royal Bank of Canada, TD Canada Trust, and the Canadian Imperial Bank of Commerce. Scotia Bank also has a branch located a block west at King and Queen Street. If you’re a Bank of Montreal customer, you won’t be left out since there’s a branch located inside the Oshawa Centre which is a couple of blocks down King Street West.

If you prefer credit unions as opposed to banks, there are a few of those on King Street as well. There’s a Meridian Credit Union that is located further east along King Street just at the King-Townline Road intersection. The Oshawa Community Credit Union is located at King Street East and Ray Street and is a popular banking choice for many Oshawa residents. There’s also an Auto Workers Community Credit Union that is close by which may provide preferential rates to a large number of auto workers in the Durham region. If you’re looking for other choices along King Street, there’s a Ukrainian Credit Union Limited branch and a Credit Union Central of Ontario located in the King Street West and Park Road area. Keep in mind that credit unions are no different than banks in the sense that their rates are non-competitive.

Commercial Banks and the “Big Five”

There are a number of banks with branches located in Oshawa including the Big Five Banks of Canada which have many locations throughout the city. The Big Five include TD Canada Trust, RBC, CIBC, Scotia Bank, and BMO. Other banks in the city include the National Bank, HSBC, and Desjardins. While the rates at the banks aren’t the best, they are typically better than the rates at credit unions, and other retail cash services.

Digital-Only Currency Exchange Brokers

The best brokers for currency exchange may not have physical locations in Oshawa. These exchange brokers tend to operate their service remotely online, where everything is done electronically and converted funds are sent straight to bank accounts. The lack of having a walk-in physical location means that they have less overhead costs and can pass on their savings to their customers. These services are becoming more commonplace as more companies decide to move their services online. So if you’re looking to use one of these do your research first to ensure that they are a legitimate and reputable company. Most trustworthy financial service companies are regulated by the Canadian Federal Government and FINTRAC. They could save you anywhere from 2-3% on your exchange rates, and on large amounts this could save you hundreds and thousands of dollars.

Obtaining Oshawa’s Best Exchange Rates

Getting the best exchange rates for USD and Canadian Dollar in Oshawa involves shopping around and comparing rates. Convenience will always be a factor, so depending on where you’re located in Oshawa, your nearby bank, credit union, and cash exchange retail store should be considered. The rates at these locations aren’t exactly optimal but on small amounts, you won’t lose more than a couple of dollars. On higher volume transactions, you’ll want to find a provider like KnightsbridgeFX who greatly values your savings.

The Ideal Spot in Oshawa for USD and CAD Conversions

Wondering how we are so certain about having the most competitive rates in Oshawa? Well, it’s simple. We contact the leading banks and financial institutions on a daily basis to find out their rates. We then price our rates accordingly. At Knightsbridge Foreign Exchange we guarantee our customers better than the bank rate. On average our rates are 1-2% better than the banks and leading competitors. That means huge savings for you, especially on larger transactions.

KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788. We have also been featured on various media networks such as The Globe and Mail, Toronto Star, Wall Street Journal and Reuters News just to name a few. With various testimonials and happy customers, you can rest assured that our services are trustworthy, honest and efficient.

Call us and get started right away. We offer free exchange rate quotes with no obligation to transact.

Background History on Oshawa, Ontario

Located on the Lake Ontario shoreline, Oshawa is found in Southern Ontario roughly 60 kilometres east of downtown Toronto. Self-proclaimed as the “Automotive Capital of Canada”, Oshawa is home to the Canadian division of General Motors Company Headquarters and its associated major assembly plants. However, this was not always the case as Oshawa began as a transfer point for the fur trade before becoming a village and eventual home to General Motors, formerly, McLaughlin Carriage Company. Evidently, Robert Samuel Mclaughlin was a major driving force in the development of Oshawa and with his accumulated wealth built a world admired estate named the Parkwood Estate featured in many films including Chicago and X-Men.

Beyond its strong heritage in auto motives, Oshawa has a strong sports community. It is home to the Oshawa Generals in the Ontario Hockey League which has produced NHL stars Bobby Orr and John Tavares. The city is also home to the Oshawa Power of the National Basketball League of Canada and other professional teams in Lacrosse and Rugby.

Oshawa is located on Lake Ontario’s shores, about 60 km east of Toronto. It’s the largest municipality in the Durham Region.

History

Around 1760, the French built a commercial post close to where now is the Oshawa harbor. Even though it was abandoned after a few years, it was used as shelter by the first inhabitants of what Oshawa is today. In the 18th century, a local started a small salmon marine export business. Its success has attracted additional migratory flows in the region. The first ones to arrive were the British, then the Irish and finally the French Canadians. After that, the industrialization has begun and the area experienced a flourishing growth. In 1924, Oshawa has finally received the status of a city.

Geography

Oshawa lies on Lake Ontario’s beautiful shoreline. Its climate is humid continental, similar to all of the province’s southern areas. While the seasonal temperature differences are pretty vast, they’re never extreme.

Economy

The automotive industry and particularly the Canadian division of General Motors, has always been at the forefront of the city’s economy. Other key sectors are manufacturing of rubber products, railway maintenance equipment, steel fabrication, and mining equipment.
The city has a complex and well-established car and rail network linking Oshawa to other large cities in Canada. Moreover, the Oshawa Harbor is an important connection between the city and the rest of the world, both from a tourist and economic perspective, through maritime import and export.

Leisure

The city has a plethora of green spaces crossed by stretches of paved paths. This way, you have the chance to be active, environmentally-friendly, and explore world-famous parks and natural treasures.

Oshawa’s dining scene is very diverse and appealing. You can choose from countless restaurants, diners, and fast food joints that serve Canadian, American, Mexican, Thai, Japanese, Italian, Greek, and many other cuisines.

With a variety of indoor and outdoor facilities including arenas, leisure venues, playing fields, beaches, trails, playgrounds and swimming pools, Oshawa offers entertainment for all ages. For those of you who love culture, musical performances, theater shows, art exhibitions, museums, and other related events, Oshawa is the ideal place as there is always something exciting taking place.

Interesting Facts About Oshawa, ON

Historically, Oshawa was actually founded as a location where frequent fur trading took place
The 1937 General Motors strike (thousands of workers) happened in Oshawa
Lakeview Park, Oshawa is a pleasant experience for the family on the coast of Lake Ontario
The Lakeridge Health Hospital in Oshawa is one of the largest community hospitals in Ontario
Canadian singer and songwriter Daniel Caeser was raised in Oshawa

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

Best Currency Exchange Rates in Oshawa

Best USD Exchange Rates in Oshawa