Best Currency Exchange Rates in Ottawa

Compare our currency exchange rates with all the banks

Whether you want to take your family for a vacation to see the national war museum and Dow’s lake or want to study at the University of Ottawa, you would obviously require Canadian Dollars to pay the bills. Finding the best currency exchange rates when you are in a foreign land can be difficult, but not with us. We have already done a lot of hard work for people who want to get the best currency exchange rates in Ottawa. Our team will guide you through the exchange policies, processes, and fees so that you don’t get ripped off.

Regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Knightsbridge Foreign Exchange is a trustworthy currency exchange company providing the best rates for individuals as well as corporates. Our ‘lower-than-bank’ foreign currency exchange rate makes us the number one choice for people who are in search of the best deal. When you deal with us, you will get the best-in-class services, best exchange rates, and on-time delivery of your money. Look at the table below to determine how and why we are able to claim that we provide the best currency exchange rates.

Bank Exchange Fee Source
Knightsbridge FX 0.1%-0.7% Knightsbridge FX
Royal Bank of Canada (RBC) 2.6% RBC Exchange Rates
TD Bank 2.6% TD Exchange Rates
Scotia Bank 2.8% Scotia Bank Exchange Rates
Bank of Montreal (BMO) 2.6% BMO Exchange Rates
CIBC 2.7% CIBC Exchange Rates

Don’t take our words for granted. Call your local bank today and ask them to quote you for the amount you wish to exchange. When you have received their quote, call us for our quote and compare them. You will certainly find ours to be the lowest. If you want to exchange a small amount, you may not bother trusting anyone else other than your bank but, if you wish to exchange thousands of dollars, we are definitely worth considering.

Our process is easy and hassle-free

Yes, it is! All you need to do is to set up your account with us on our website. You will have to create two accounts; one for US dollar currencies and the other one for Canadian dollar currencies. Once your accounts are set up, you can book your transactions with us. You will have to tell us the exchange rate and the amount you want to exchange. No need to pay anything until you have finally decided to get your money exchanged. Our team will constantly monitor the exchange rates and once your preferred exchange rate is available, we will lock-in and send you confirmation. Now, it is your turn to decide if you wish to proceed ahead or not.

Our lock-in services are obligation-free. If you decide to proceed, you need to send us the funds through wire transfer or through online bill payment. When we have exchanged your funds, we will send them back to your bank account or to a desired destination in the US or Canada. The funds are received within 6 days of initiating the transfer but in most cases, it takes no more than 3 business days.

Currency rates fluctuate every minute, so it is advisable that you watch out for the Ottawa currency exchange rates in advance and decide your lock-in rate accordingly. Apart from currency exchange in Ottawa, we also offer currency rates in other cities such as Montreal, Toronto, and Surrey. Get in touch with us today to speak to our experts.

If you’re new to Canada and is interested to learning how you can a claim foreign tax credit, then this article is the right one for you.