Scarborough Currency Exchange Get the Best Rates! (416-479-0834)

Send your money wherever it's needed, whatever the reason:
Pay international student tuition fee
accredited business
We've helped customers save $25,000,000.
It's your turn.

Scarborough Currency Exchange Get the Best Rates! (416-479-0834)

Send your money wherever it's needed, whatever the reason:
Property purchase
accredited business
We've helped customers save $25,000,000.
It's your turn.

Scarborough Currency Exchange Get the Best Rates! (416-479-0834)

Send your money wherever it's needed, whatever the reason:
Receive money from abroad
accredited business
We've helped customers save $25,000,000.
It's your turn.

Scarborough Currency Exchange Get the Best Rates! (416-479-0834)

Send your money wherever it's needed, whatever the reason:
Competitive import/export exchange rate
accredited business
We've helped customers save $25,000,000.
It's your turn.
Up to 5x cheaper than banks
Compare our currency exchange rates with all the banks
Over $2B transferred so far.
5-Star
BBB Reviews
70,000 +
Satisfied Customers
FINTRAC Regulated
No. M09819788
AMF Regulated
No. 904210
Trading
since 2009
Best Rate
Guarantee

How we’ve helped clients trade over $200,000,000,000?

Get a no-obligation quote
Call us at 1-877-355-5239 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.
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. We work with all Canadian banks.

How much can you save?

Interbank Equivalent
Current interbank rate: 0.7639
Exchanging with KnightsbridgeFX vs. your bank could save you CAD $ 841.83
KnightsBridge Foreign Exchange Has Been Interviewed by and Featured in
See our latest media interview
“I saved a huge amount…about $3,000 over the bank quoted for U.S. dollars…everything went as smooth as a dream”
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avatar 1
David Newman,
Property buyer, Toronto
“KnightsbridgeFX is an online currency exchange company that seeks to undercut foreign exchange rates offered by larger financial institutions”
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Preet Banerjee,
Columnist, Toronto
“You can save hundreds, if not thousands of dollars”
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Terry Ritchie,
Calgary-based financial planner

Why choose KnightsbridgeFX

couple
Secure
We are regulated by FINTRAC (Government of Canada agency) and have a segregated account at major Canadian financial institution. We are also bonded and insured for $1,000,000.
Fast
We offer same day delivery of funds to your desired destination if booked before bank cut-off.
Best Rate
We guarantee to beat your bank’s exchange rate. Period. In fact, we call the banks every morning to ensure our exchange rates are significantly better. You can save hundreds to thousands of dollars.
Transparent
You’ll get a confirmation of the agreed upon exchange rate in writing before you send funds.
Convenient
Register and book a transaction in minutes and send funds conveniently through any Canadian bank.
Great Customer Service
We understand that fast, efficient, and friendly service makes a difference.

SCARBOROUGH: Currency Exchange – (416) 479 0834

With so many foreign exchange providers in Scarborough, it can be tough to find the absolute best deal in town. As a piece of advice, it is best to avoid banks, airports, and physical cash exchanges for your currency conversion needs. These locations often charge high fees and commissions when they’re swapping your money. Often their rates can be from 2% to over 3% higher than the market rate. This means that on larger transactions you could be losing hundreds to thousands of dollars depending on the amount. This hard-earned money is better left in your pocket to spend elsewhere. If you are looking for a better deal, don’t hesitate to give Knightsbridge Foreign Exchange a call.

Knightsbridge rates are typically 2.5% better than the major banks and are guaranteed to be the most competitive around. They offer various exchange services to fit your unique needs all at an incredibly affordable price, especially if you’re looking to convert CAD to US dollars. Whether you are a business person dealing in different currencies, a snowbird, a traveler, a student, or just someone needing to convert funds for personal use, KnightsbridgeFX is there to help you save. We understand how hard you’ve worked for your money, and we believe you should keep more of it in your wallet. If you’re exchanging $10,000 at a rate that is 2% better, you will save $200 for the exact same service!

How to Receive the Cheapest Foreign Exchange Prices in Scarborough

As with any purchase, getting the best deal is all about shopping around, comparing rates and waiting for the market to turn favorable.  Those exact same tactics can be applied to currency exchange. Although you can’t rely on the market to get you the best rate at a specific time, you can still compare the mid market rate against all the FX providers you’re deciding between.  If you’re only transacting a smaller amount then it’s probably not worth the time to shop around as the savings will be minimal anyway.  In this case, any local bank or cash retail location in Scarborough would suffice – a cheaper rate on a few hundred dollars transacted would only save you a couple bucks (at best).  On the other hand, if you’re looking to exchange a larger amount, see if your bank can offer you preferential rates. It’s worth mentioning that their rates still won’t be as competitive as other specialized currency exchange vendors.  Consider looking for other service providers online who exchange money digitally by making electronic direct deposits. Online-only companies like KnightsbridgeFX will usually feature the best rates if you live in Scarborough.

Here’s why our clients love using KnightsbridgeFX for their currency exchange inquiries:

How to Send Funds From Canada to USA

Sending funds through Knightsbridge FX is a quick and simple process. There are several methods that include wire transfers, online bill payment, and account to account services where we move funds from one account to another while doing the conversion for you. Funds can be sent to any bank in Canada and the US and to some banks overseas using a system called international money transfer.

Reliable Currency Exchange Zones in Scarborough

There are a number of options for foreign exchange in Scarborough ranging from hotels, banks, malls, retail cash operations, and other independent currency exchange brokers and specialists.

Scarborough Town Centre FX

The Scarborough Town Centre located at 300 Borough Drive is the largest retail and shopping centre in Scarborough Ontario. It features over 230 retailers which include several different options for foreign exchange.  Many of the popular banks have branches within the mall including Scotiabank and TD Canada Trust.  CIBC also has an exterior pad branch that is situated outside of the main mall.  Banks typically add a number of fees to their exchange rates, so you’re most likely not getting a great rate.  Usually, if you have premium account with them, you can get better rates but it is still not as competitive as other international currency exchange providers.  Banks may also have a wider range of exotic currencies on hand that you may not find elsewhere.  If you don’t want to buy or sell currencies at the bank, luckily there is another option. Travelex Worldwide is primarily a travel agency that also provides travel money cash exchanges.  As with any physical cash operation, their rates may not be as good as online-transaction currency exchange brokers, but it is a good option for some pocket cash while abroad.

Scarborough Hotels On-Site FX

While Scarborough doesn’t boast the same number of high end 5 Star luxurious hotels that Toronto does, the majority of them do still provide an in-house currency exchange service.  So if you’re staying in Scarborough, exchanging international currency at these hotels can be very convenient. Some of the hotels that provide a currency exchange service include the Comfort Inn East, the Delta Toronto East, the Travelodge Toronto East, the Toronto Don Valley Hotel and Suites and the Radisson Hotel Toronto East.  Hotels typically don’t have the best exchange rates, but the convenience is definitely worth it if you’re only exchanging a few hundred dollars or less.

Exchanging at a Major Canadian Bank

In addition to the Big Five Banks of Canada, which includes TD Canada Trust, Scotia Bank, the Royal Bank of Canada, the Bank of Montreal, Canadian Imperial Commerce Bank, Scarborough has a number of other unique banking options that provide foreign exchange.  The first is the Bank of China (Canadian branch) which is located north of the 401 highway at 3300 Midland Avenue. Although this bank usually caters to the Chinese demographic of the Greater Toronto area, anyone is welcome to use their services.  Their exchange rates are typically more competitive than the Big Five Bank of Canada, so consider using them if their rates beat your banks rates.  Another unique bank is the State of Bank of India (SBI) which also claims to provide competitive exchange rates.  For the most part, people don’t see a problem with converting money at their bank. While this may be convenient since they already have your banking information on file, the tradeoff is the high markup and transaction fees that accompany the exchange.  If you’re insistent on using your banks, make sure that you are subscribed to certain accounts and plans that enable you to get preferential exchange rates that they wouldn’t normally provide to regular customers.  On larger amounts, it is best to use an independent currency exchange broker since even a small percent difference in fees can save you thousands of dollars.

Converting Between CAD and USD Online Instead of Downtown Scarborough

Online-only independent currency exchange brokers and specialists will usually have much better rates than your bank’s or cash exchange businesses. This is due to the fact that they tend to have less overhead costs and can pass the savings to their customers. Many will not have a physical location in the Downtown Scarborough area because their operations are focused solely online. Companies like KnightsbridgeFX ensure that your money is transferred electronically from bank to bank.

Cash Money Branch at Kennedy and Ellesmere

The Kennedy and Ellesmere areas contain a number of different financial institutions and money service businesses that provide international money exchange.  There are a number of different banks with branches situated in this area. TD Canada Trust is located just north by highway 401, and RBC is located at the Kennedy and Ellesmere intersection. If you’re looking for other banks, the Scarborough Town Centre is just a couple of blocks east and contains both CIBC and Scotiabank branches.  For non-bank related money exchange services, there are a number of different cash converters also in the area.  While some of these such as Money Mart and Cash Money specialize in cash advances and payday loans, they do also provide currency exchanges and will tend to have a number of different currencies available.  However, like most cash operations, their rates aren’t the best. At least there are a number of them in this area, so you can compare them side by side.

Some Information on Scarborough, Ontario

Scarborough’s history spans over 200 years growing from a group of small villages into a bustling city. It was named after the town of Scarborough, North Yorkshire and was inspired by the Scarborough Bluffs which reminded Elizabeth Simcoe of white cliffs near her home. It is one of the closest sections of the GTA to the downtown core, next to Etobicoke and North York.

The region is known as an administrative district in the City of Toronto. Scarborough is also known as a popular region for new immigrants to settle down. This has made the municipality one of the most culturally diverse areas of the City of Toronto. The municipality has been declared the “greenest” part of Toronto.

SOME INTERESTING FACTS ABOUT SCARBOROUGH, ON

  • After its profitable establishment in Hamilton, one of the first places that Tim Horton’s branched out was Scarborough
  • There is archeological evidence of people living in the Scarborough area as early as 8000 BCE
  • Scarborough is mainly a working class city where more than half of its residents are between the ages of 23 and 65
  • Both CTV News and TSN have their headquarters set up in Scarborough
  • World-renowned R&B artist The Weeknd was born and raised in Scarborough

 

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