Exchanging with KnightsbridgeFX vs. your bank could save you CAD$ 0
“I saved a huge amount…about $3,000 over the bank quoted for U.S. dollars…everything went as smooth as a dream”
Florida Property Buyer interviewed by the Toronto Star
“You can save hundreds, if not thousands of dollars”
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”
columnist, for the Globe and Mail
“KnightsbridgeFX is “the costco’s of foreign exchange”
Financial Advisor quoted in the Globe and Mail
Get a no-obligation quote
Call us to obtain a free no-obligation exchange rate quote.
Book a transaction
Confirm an exchange rate and receive a trade confirmation receipt confirming all details before you transfer funds.
Send funds by online bill payment or bank transfer and converted funds will be sent to your destination same day or next day.
If you live in Richmond and are looking to buy or sell US dollars, you have plenty of options. All five of the major Canadian banks are present in Richmond and all offer foreign currency services. The market share of Canadian banks is fairly even, so you shouldn’t have too much trouble finding a branch nearby. You may think that these banks offer relatively the same services, however when it comes to foreign exchange, some banks are better than others.
It is important that you align yourself with a bank that offers the best exchange rates, especially if you plan on doing large transactions. Banks in general have fairly high markups due to their high overhead and administrative costs. Through various comparisons, we have found HSBC to provide the best rates amongst banks in Canada. RBC, BMO and TD also provide rates which are comparable, however are slightly less favorable. One downfall of HSBC is that it is not a Canadian bank and therefore there are significantly less locations compared to its Canadian counterparts. The key is shopping around to see where you can receive the best exchange rate and the lowest commission and surcharges.
If however, you are serious about saving money on your foreign currency transactions, we have an alternative solution.
Introducing Knightsbridge Foreign Exchange. Unlike the banks, at KBFX we have very low overhead and administrative costs. This allows us to be extremely competitive in the rates we offer. We are so certain that our rates are the best that we even guarantee a better than bank rate on all of our exchanges. Our rates are typically on average 1-2% better than what you would receive at banks such as HSBC, RBC, BMO or TD. Our mission is to offer our customers the best exchange rate in Richmond and that is what we intend on doing. Call us today to get a free, no-obligation quote. One of helpful customer service representatives will gladly walk you through the quick and easy steps to get started.
Part of the Metro Vancouver area, Richmond is located on Lulu Island at the opening of the Fraser River. Known for having the highest immigrant population in Canada, Richmond has much to offer in terms of culture and the economy. With a population of roughly 200,000, Richmond supports around 100,000 jobs in many different sectors including retail, aviation, agriculture, fishing, and more. Uniquely, of the 200,000 citizens in Richmond, roughly half are of Asian descent, giving rise to unique features such as the many Chinese-oriented shopping malls along No.3 Road, officially termed as the “Golden Village”.
Beyond such unique features, Richmond has been used in many film and television productions such as Blade II, The X-Files, Smallville, and others. The city is also home to many famous residents such as Scott Hannan, NHL professional player, and Coco Rocha, Canadian supermodel amongst many more. Most recently, a proud moment in Richmond’s history was in 2010 when the city was determined the site where speed skating events occurred in the 2010 Winter Olympics.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.