Interbank Equivalent
Exchanging with KnightsbridgeFX vs. your bank could save you CAD$ 0

We are the most trusted name in foreign currency exchange...

in Canada with over 70 media news interviews including 20 video interviews all by Canadian news outlets

Trusted and Reviewed

“I saved a huge amount…about $3,000 over the bank quoted for U.S. dollars…everything went as smooth as a dream”

David Newman,

Florida Property Buyer interviewed by the Toronto Star

“You can save hundreds, if not thousands of dollars”

Terry Ritchie,

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”

Preet Banerjee,

columnist, for the Globe and Mail

“KnightsbridgeFX is “the costco’s of foreign exchange”

Financial Advisor quoted in the Globe and Mail

See KnightsbridgeFX in the Media

It's really, really simple to use

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.

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.

Best Foreign Money Exchange Rates in Toronto

Specialized in providing online foreign exchange services to Canadian and American markets, Knightsbridge Foreign Exchange enables you to get the best foreign exchange rates in Toronto for your US or Canadian dollars. Knightsbridge Foreign Exchange (KBFX) is Canada’s fastest growing currency exchange company that guarantees that you will get the better than bank exchange rates for your hard earned money.

If you are exchanging sums greater than several hundreds of dollars, our online foreign currency exchange service in Toronto will save you considerable amounts of money that you would otherwise waste on unfavorable foreign exchange rates offered elsewhere.

Best Place for Money Exchange in Toronto

With impressive history of having served thousands of Canadians, businesses and individuals alike, and having exchanged hundreds of millions of dollars through our services, Knightsbridge Foreign Exchange has an unyielding focus on providing you with the best foreign exchange rates in Toronto and helping you save your money.

When you compare our services to your Toronto bank’s foreign currency exchange rate, you will see that on average you can save from 1.5% to 2% on the exchanged amount. Depending on your transaction size, this can result in savings from several hundred to several thousands of dollars.

Bank Exchange Fee Source
Knightsbridge FX 0.1%-0.7% Knightsbridge FX
Royal Bank of Canada (RBC) 2.6% RBC Exchange Rates
TD Bank 2.6% TD Exchange Rates
Scotia Bank 2.8% Scotia Bank Exchange Rates
Bank of Montreal (BMO) 2.6% BMO Exchange Rates
CIBC 2.7% CIBC Exchange Rates

 

Knightsbridge Foreign Exchange service will not charge you any wire transfer fee and the currency exchange rate that we provide you will be locked-in and guaranteed even before you send your money. All the costs are already covered by the favorable foreign exchange rate that we offer, making Knightsbridge Foreign Exchange the best place to exchange money in Toronto, by far.

Your bank will offer you the exchange rate that will include a considerable markup for your transactions and currency exchanges. Knightsbridge Foreign Exchange regularly follows the rates offered by banks and makes sure that our own foreign exchange rates are cheaper. We have significant volume agreements and considerable purchasing power with our partnered Canadian financial institutions, which enables us to offer you highly competitive currency exchange rates, by undercutting the high markups that banks have. Knightsbridge Foreign Exchange is regulated by FINTRAC and the funds that you exchange through us cannot be any safer, as we have segregated trust accounts of our clients at Canadian financial institutions.

Knightsbridge Foreign Exchange offers the best foreign exchange rates in Toronto, guaranteed. It is our special pleasure to offer you 100% satisfaction with our services and to provide you with personal attention. With us, you can count not only on best possible rates but also on top-notch service and timely delivery of your money.

To start using our services, you will need to set up an account at our site and to have bank accounts in both Canadian dollars and US dollars currencies. After you book a transaction, we will lock-in your exchange rate. You will immediately receive a trade-confirmation that confirms your exchange rate and the amount that you wish to exchange.

The next step is to send the funds through either a wire transfer or by an online bill payment from your local bank. You can receive any assistance that you need with this from Knightsbridge Foreign Exchange agents.
Once the funds are exchanged they are sent either back to your account, or to a destination of choice in the US or Canada.

When you initiate the exchange, it may take about six business days to get the funds, but it usually takes no longer than 3 business days.
If you don’t have the bank account in the right foreign currency, you may get around by having the funds transferred to a family member’s or a friend’s account as well.

 

Foreign Currency Exchange Toronto for Corporate Clients

Knightsbridge Foreign Exchange pays special attention to corporate clients, having worked with companies of all sizes, helping them sell different services and goods across Europe, North America and Australia. We understand very well how important it is for your business to save money whenever possible, so we are dedicated to offering you the most competitive exchange rates, especially designed for commercial clients.

The rates that we offer at Knightsbridge Foreign Exchange are typically 1-2% better than you could possibly find anywhere else, at any bank or financial institution that offer money exchange in Toronto. And that goes for our individual and our corporate clients alike – our foreign exchange rates are best – guaranteed. Regardless of the amount that you wish to exchange through Knightsbridge Foreign Exchange, you will always get a preferred business rate.

Our foreign currency exchange services in Toronto, designated for commercial clients, include corporate level of service from Knightsbridge Foreign Exchange traders, who will be personally engaged to help your business save as much funds as it is possible.

If your company is actively involved in doing business abroad, you will want to be proactive and manage your foreign exchange exposures in a timely manner, so you would make certain that your profits don’t get impaired by unforeseen foreign exchange rates fluctuations. In order to provide you with the top- security against such a scenario, Knightsbridge Foreign Exchange offers you the ability to lock-in the rate you receive from us. All you need to do is to tell us the rate you wish to receive and we will make the transaction of your funds at the very moment when that rate becomes available.

Knightsbridge Foreign Exchange offers you the best possible foreign exchange in Toronto that you can get. You will not need to pay any fees whatsoever, you will get the best foreign exchange rates in Toronto, a dedicated account executive will be assigned to you personally and in most cases you can count on same day payments even.

We cover a wide range of foreign exchange requirements whether payable or receivable and we cover the following types of corporate and industry verticals:

  • Property purchases abroad, anywhere in the US or Europe
  • Publicly held companies (mining, gas and oil)
  • Small businesses
  • Medium-sized businesses
  • Manufacturers
  • Import-Export businesses
  • Distributors and wholesalers
  • Non-profit organizations
  • Transportation
  • Law Firms
  • Accountants
  • Government organizations

 

To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.