REGINA: Currency Exchange (1-877-355-5239)
If you are looking to exchange your Canadian dollars for US dollars, there are many options that you can consider in Regina. For instance, almost all of the major five Canadian banks will offer currency exchange services at every walk-in branch; especially if you need a popular tradable currency like USD, GBP, or EUR. Just know that if you are searching for a very niche currency that isn’t often traded, you may need to contact your bank ahead of time so they can order it for you.
With all this being said, you need to keep in mind that physical cash will always be more expensive than exchanging currency electronically. Every time you walk into a foreign exchange storefront branch you pay a premium to obtain foreign money, because they incur the risk of physical cash storage. In other words the bank or financial institution you are making the transaction with has to carry inventory at all times, which on top of their already high overhead fees can be quite costly. At the end of the day, these high costs are reflected in the exchange rates that are provided to you on currency conversion. It is therefore in your best interest to exchange a large amount of money on affordable terms with a reputable currency exchange specialist. By doing so, you can get the most value from a beneficial exchange rate. In all fairness, the savings potential from getting a better exchange rate on small order sizes is negligible.
A Few Ways to Buy or Sell Currency in Regina, Saskatchewan
When looking to buy or sell large amounts of US dollars, or any other circulated currency for that matter, you should stay clear of the banks. Banks have an oligopoly in the currency exchange market and tent to exert their dominance through unfavourable pricing. Since your money is already registered with the bank, they know you are likely to consider them first when you have any financial inquiries – including currency exchange. Customers are likely to continue using their banks for currency exchange transactions simply due to the convenience and safety of it. Unfortunately, many foreign exchange seeking individuals are completely unaware of the alternative options that they have.
You may have heard that traditional currency exchange is an unfair service loaded with fees and inflated exchange rates. At KnightsbridgeFX we like to do things differently. We take a customer-focused approach by competing solely on price, which we accomplish through offering the best exchange rates in Regina guaranteed. On average, our rates are 1-2% better than what you would receive at the banks. Not only do we guarantee a better than bank rate to all of our customers, but we provide our exchange rate quotes with zero service charges or commissions. When you transact with KBFX, you only pay the exchange rate shown. Stop overpaying on your currency exchange transactions and start saving money today with Knightsbridge Foreign Exchange.
Regina International Airport Currency Exchange
Regina International Airport will be your go-to source for overseas flights in the city, and it may have you tempted to save your currency exchange for when you get there. This would be an extremely convenient process, especially since you’re headed in that direction regardless, but it would also be extremely expensive. In the vast majority of cases, you pay a premium for convenience in the financial services industry. At airports, you won’t be getting a rate anywhere near the best currency exchange rates in Regina. Since the cost to retailers to lease space in an airport is so high, their products and services include an additional markup that make regular goods and services overpriced. Airport currency exchange booths typically make their money from last-minute exchangers and the uninformed. To take advantage of Regina’s best currency exchange rates, all you have to do is look elsewhere online – today’s electronic exchange platforms can be used from almost anywhere in the world with an internet connection.
Currency Exchange Kiosks at Hotels, Malls, and Attractions in Regina
If you just want to casually exchange small amounts of Canadian dollars in Regina you could easily do so in many places. Hotels, shopping malls, and tourist attractions in the capital of Saskatchewan almost always have some way to exchange your currency. However, it’s important to note that you might find you aren’t getting the best currency exchange rates in Regina at any of these commonly-used kiosks. Despite their small scale nature, they have a lot of costs to account for when considering their retail store status, and it will likely reflect in their exchange rate offerings. Remember that these kiosks deal primarily in physical cash – and you’ll likely pay a premium each time you book transactions for cash in hand.
Exchanging Dollars at Regina Banks and Credit Unions
Much like the other cities in Canada, banks own the majority of the market for currency exchange in Regina, and they’ve accomplished this objective without even offering competitive pricing. Whether or not most individuals realize this, most Canadians go to their primary bank for all of their common financial needs, whether that be to get a loan, open an account, or even exchange currency. For consumers this means the banks have no incentive to compete on price, because they’re always getting new customers in through the door. When you also factor in their hefty service charges, it’s no wonder that banks offer some poor currency exchange deals if you’re looking to save money. As a reliable alternative, simply come try out our currency conversion service at KnightsbridgeFX. You’ll be surprised to see how much you could save when you get the best currency exchange rates and the best foreign money rates in Regina.
The Benefit of Online-only Currency Exchange Companies
As independent exchange brokers and retail foreign exchange companies in Regina seek to gain more of the market share, attractive promotions like bulk order discounts or installed/delayed payment plans are offered to entice customers. While here at KBFX we always want you to get a great deal, our priority is to save you more money at the end of the day. The easiest way to do this for large order quantities is to provide the best exchange rates in Regina. Our company can afford to provide better rates than our leading competitors because we operate as a lean business. At the end of the day, we have much fewer costs to make up for, so we are able to pass on our great savings to you. KnightsbridgeFX’s electronic online-only exchange platform transacts every order digitally – saving you the premium of having to deal in physical cash.
Regina, The Queen City of Saskatchewan
With a population that extends past 200,000 residents, Regina is the second-largest city in the province of Saskatchewan, and also serves as the province’s capital. Regina is situated on a broad, flat, treeless, and largely waterless plain, which is characteristic of many cities located in the Canadian prairies. The major Saskatchewan community’s economy is centred primarily on oil and natural gas, potash, kaolin, sodium sulphite, and bentonite. Over time, Regina has devoted a substantial portion of its area to parks and green-spaces, which includes five municipal golf courses and multiple open areas for nature lovers to explore.
Regina is home to the beloved Saskatchewan Roughriders of the Canadian Football League. Regina also houses the Regina Pats, who compete in the Western Hockey League. Regina also features a prominent cultural life in music, theatre, and dance. The Regina Symphony Orchestra is Canada’s oldest continuously performing orchestra, and the Saskatchewan Centre of the Arts continues to figure prominently in the Regina cultural scene.
SPECIAL TRIVIA FACTS ON REGINA, SK
- The word “Regina” is Latin for “Queen” which is why the city’s nickname is The Queen City
- The oldest continuous-play orchestra in Canada is the Regina Symphony Orchestra
- Regina hosts the official national training centre for the Royal Canadian Mounted Police (RCMP)
- The Wascana Centre Urban Park in the middle of Regina has a larger area size than both New York Central Park and Stanley Park Vancouver combined
- NHL Player Tyler Bozak was born in Regina, Saskatchewan
- Canada’s first ever licensed commercial pilot (1920), Roland Groome, was from Regina
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.