“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
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The best way to save money when buying or selling US dollars is to stay informed. Understanding the influence of the global economy on exchange rates is a good place to start. When looking for the best exchange rate in Thunder Bay you must understand that the rates you see are constantly fluctuating. What you see in the morning can be very different from what you see later on in the day. Therefore securing a rate you are comfortable with can sometimes be challenging. You must also know that the rate that you see listed on the TV or online is not the rate which you will ever be given. This rate is known as the “spot rate” or “inter-bank rate”. It is essentially the rate that banks will sell to one another, and is usually in the millions of dollars. It is therefore very unlikely, that you will ever be receiving this rate. Instead, what you will receive is a marked up rate. Typical markups range between 2-5% depending on the currency you are looking for.
Now that you know this valuable information, you must seek a way to find where you can exchange your funds for the lowest mark-up possible.
This is where we come in. At Knightsbridge Foreign Exchange we understand the power of knowledge. We therefore do everything in our power to offer you the best rates in Thunder Bay. We do all of the hard work for you by calling all of the leading banks and financial institutions to find out the rates they are providing. We then price our rates accordingly. Our customers typically enjoy rates on average 1-2% better than the banks. This means huge savings on your all of your foreign exchange transactions. The more money you transact, the larger the savings.
Thunder Bay, which derives its name from the prodigious Thunder Bay at the Head of Lake Superior, is the most densely inhabited municipality in Northwestern Ontario. After originally being established as a fur trading hub by the French in the late 17th century, Thunder Bay evolved over the subsequent decades to become one of Canada’s most important shipping hubs, as the city became a link between eastern and western Canada. Today, Thunder Bay has grown to a population eclipsing 100,000 inhabitants.
Despite its origins in forestry and manufacturing, Thunder Bay has evolved into the services hub of Northwestern Ontario. Thunder Bay’s largest tourist attraction is Fort William Historical Park, which is a reconstruction of a trading post as it was in 1815. Due to Thunder Bay’s proximity to the wilderness, the city is near a multitude of conservatories and national parks. Education also features saliently in Thunder Bay, as the city is home to both Lakehead University and Confederation College.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.