RICHMOND HILL: Currency Exchange (416)-479-0834

Traveling to another country or looking to do business in the US from Richmond Hill can present a financial challenge for many. Most individuals lack the experience needed to anticipate currency exchange rates and fees that come with swapping money. The average retail FX user cannot immediately distinguish between a “good” rate and a “bad” rate, unless they compare them side by side. For this reason, people typically resort to their banks or credit card companies to automatically exchange their Canadian dollars on an as-needed basis. If you rely on automatic conversions or don’t give your FX providers a second thought, your situation results in exceptionally high fees. Oftentimes you’ll be paying 2% or even 2.5% more than you should be.

The alternative choice is to use a company that specializes entirely in foreign exchange – unlike a bank which juggles numerous financial services at once. You’ll also need to know if this independent provider is able to offer you large amounts of international currency, such as US dollars. Lastly, you should check the company’s background to make sure they are legitimate and operating ethically. Reputable finance companies are backed by government regulatory boards like FINTRAC, AMF, and the Better Business Bureau. A company that runs under proper regulatory standards is a company that you can trust with your hard earned dollars. If you’re located in Richmond Hill, or anywhere in the GTA for that matter, choose KnightsbridgeFX next time to see how much you could save.

Save More by Switching to Digital

Working with Knightsbridge Foreign Exchange will guarantee you the following:

• The Best Exchange Rates on USD in the Greater Toronto Area
• Fast, Friendly, and Quality Customer Service (4.7 out of 5 Stars on Google Reviews)
• Free Money Wiring Between Canada and the United States
• 100% Certified Canadian Company

Most Canadian banks offer a currency exchange service in Richmond Hill.  In fact, they were one of the first major financial groups to offer this service to Canadians.  The problem with banks is that they are overly expensive and have unfavorable overhead costs.  You can easily see this reflected in the exchange rates that they offer.

The World Wide Web is beginning to open up the market to cheaper rates. While most Canadian bank customers will simply accept higher currency rates for the sake of convenience, you don’t have to fall under that category. When you contact Knightsbridge Foreign Exchange, you can get a better price due to lower overhead and lesser profit margins than the big banks.  Simply compare your bank’s exchange rate to our rate and work with the provider that is better.

When you choose Knightsbridge Foreign Exchange, you can expect to save an average of 1% to 2% versus the bank’s currency exchange rate. On large sized transactions this can lead to considerable savings. Give us a call today for a free, no-obligation quote on our services – you won’t be disappointed.

Investment Opportunities South of the Border

Lower costs of living, an undervalued housing market in developing areas and more lenient cross-border taxes makes purchasing a home in the United States look very attractive. Buying foreign real estate is a perfectly sound financial decision for those seeking a good long term investment, as long as the proper research has been done first. The bulk of foreign real estate research should consist of a diligent search for the right price tag. But it’s not enough to find an affordable fixer-upper south of the border in the US; you’ll also need a cheap conversion of CAD to USD. KnightsbridgeFX has the experience necessary to work with banks to source and transfer the needed currency to pay the down payment on a house in the US. And the best part is, we do it with highly competitive rates and absolutely zero hidden costs.

Currency Exchange Spots in Richmond Hill

When looking to exchange currency in Richmond Hill, there are a number of options available to both individuals and businesses. Many of these places offer physical cash exchange, while others only conduct transactions electronically. When looking specifically for the cheapest US exchange rate, you should examine the following options:

Obtaining the Best FX Deals in Richmond Hill

Finding the best exchange rate in Richmond Hill can be very time consuming and difficult as it would involve the tedious process of calling every bank in the area to ask how much it would cost to exchange $1,000. You then have to take the amount they give you compare it against dozens of other FX service providers. Don’t forget to ask what kinds of fees they tack on to that total too.

Alternatively, you could only contact Knightsbridge Foreign Exchange once and you’ll get the best currency rate possible. We compile a daily rate summary by calling all major financial institutions every day to make sure that we have Richmond Hill’s most competitive pricing. If by any chance you find a retail FX rate that’s lower than ours, we will match it for you.