Stratford Currency Exchange.

If you’re headed to a major international airport for a flight, you will probably be heading to London International airport or Toronto Pearson International Airport. In any case, there’s a good chance that you may be considering doing your currency exchange here for the convenience of it. The benefit of that is simple – you’re going to the airport anyway.

However the downside (much like the banks) comes in that you are getting a rate significantly higher than the best currency exchange rates in Stratford. With rent in major airports being so high, they need to incorporate a markup large enough to cover their expenses. That’s why virtually all retailers in the airport are more expensive than usual, and why you’d be hard pressed to find the best USD exchange rates in Stratford or the best foreign money exchange rates in Stratford at a major international airport.

While driving around, if you pass by a highly populous area like a shopping mall, tourist attractions or a hotel, you might find a small kiosk where you can do your currency exchange in Stratford. These kiosks are especially beneficial for tourists but are also accessible by locals. You’ll be pleased to find out that these services often carry physical cash with them, and can quickly get the international currency that you need. What you are unlikely to get at these kiosks, however, are the best rates on USD or foreign money in Stratford. That’s because even though they operate as small kiosks or storefronts, they still have regular brick and mortar expenses that can quickly add up. As a result, these businesses also need a big enough markup in their rates; usually bumping them out of that great exchange rate range.

As your search for the best currency exchange rates in Stratford continue, you might begin to consider independent brokers more. If that’s the case, doing your research is essential to avoid being scammed. One of the most efficient things to check on a company is if they require identification. It may not seem that important, but it’s a government mandate for financial service companies. Foreign exchange services in Stratford that don’t abide by this regulation could be engaging in malpractice.

Since major banks and credit unions in Stratford own most of the local currency exchange market share, they can use that as leverage to double down on their pricing markups. Without the need to truly compete for the best foreign money exchange rates in Stratford, these large financial institutions can continue to price gouge consumers and gain business regardless of how their pricing stacks up to competitors. It’s for this very reason that we strongly recommend comparing rates online and doing a bit of independent research on foreign exchange providers.

If you truly value the money you’ve worked hard to save, you’ll be offered much better currency exchange deals elsewhere if you’re willing to do a little extra paperwork. Companies like KnightsbridgeFX try to make this process as simple and efficient as possible. Simply call us with any currency exchange inquiries or fill out a form online, and we will walk you through how the money transfer works.

To try and compete in the marketplace for currency exchange in Stratford, independent brokers and retail exchange franchises often try out different seasonal deals to try and get customers through the door. Some examples include delaying payments that need to be made on a transfer, offering to the option to pay in installments, and giving discounts on bulk exchanges.

KBFX’s goal is to provide the most affordable currency exchange opportunities in Ontario, and you can certainly access that from Stratford. That’s possible for us because we’re based online, rather than having physical stores, which lets us offer you the most competitive exchange rates in the Stratford area.