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
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Currency Exchange in Vancouver
While there are plenty of banks in the Vancouver area to help you with your currency exchange, it’s always best to go to an agency that specializes in foreign currency. Knightsbridge Foreign Exchange can guarantee the best exchange rate—much better than the ones the banks can guarantee.
Knightsbridge Foreign Exchange prides itself in its special relationship with the financial institutions of Canada because we specialize in currency exchange and always have a huge volume of exchanges. Due to our large volume of transactions we are able to receive benefits the banks are unable to receive, including special pricing. We also have the right equipment and technology to handle large financial exchanges, which means we charge an extremely low processing fee. To ensure you always get the best possible rate, Knightsbridge stays abreast of the other banks’ exchange rates.
Knightsbridge Foreign Exchange Vancouver1285 W Broadway #600
Vancouver, BC, V6H 3X8,
Telephone: (604) 229-1065
Knightsbridge Foreign ExchangeRated 4.6/5 based on 46 reviews
Vancouver currency exchange services come in all shapes and sizes. This includes Vancouver money exchange companies that provide cash exchange services; the big Canadian banks; and independent hybrid dealers that exchange online and in retail locations. The different kinds of companies vary in price and service offerings but all provide the most basic service which is foreign currency exchange. The cheapest way to exchange Canadian to US dollars and other currencies are usually found at independent providers although banks do tend to offer good rates at very large amounts such as $1 million. If you must exchange cash, it should be noted that cash exchange rates are typically much higher than electronic foreign exchange. This is because providers that hold cash have inventory costs associated with holding cash and also have to pay rent for retail locations. This results in high fees which can make exchanges very expensive. If you are unsure about providers you have not heard of or just independent providers in general, a good tip is to look for reviews online. Look for what people have to say about the company and if they’ve had bad experiences working with the company before. A good company should have little to no complaints and high satisfaction ratings.
Exchanging money at Airports is generally not a good idea, especially if you’re looking for the cheapest US exchange rate. For starters, exchanging physical cash comes with higher fees. This is due to inventory costs associated with having different currencies on hand. Furthermore, airport rents are costly and depending on the airport can be very expensive for vendors. As a result, foreign exchange in Vancouver airports will be very expensive for the end consumer. However, if necessary there are a couple services that can be found at Vancouver International Airport. They include ICE Currency Services and the Royal Bank of Canada.
A surprising place to find currency exchange services might be right under your nose. If you are staying at a hotel while travelling, some hotels have currency exchange services to meet your needs. At a minimum, the concierge or hotel receptionist should be able to identify local currency exchange providers that you can use. Some of the larger chains may even have currency exchange providers in house including Ramada Vancouver Downtown, Four Seasons Hotel Downtown Vancouver, and Marriot Downtown Vancouver
Currency exchange kiosks can be found throughout Vancouver. These kiosks are most commonly found in popular public areas and tourist destinations. These kiosks generally do not offer the lowest rates out there; however they do offer convenience and immediate currency exchange. Some examples of kiosks around Vancouver include, ICE currency exchange, Travel Exchange, Calforex, and Charlie’s Currency Exchange.
It is a no brainer that you would find currency exchange services at the local bank. However, the banks may not be the best option. Banks dominate the markets they operate in and this includes foreign exchange. As a result, low cost services are not always their number one concern. With many customers not bothering to look elsewhere and with high business costs, banks tend to charge high mark ups on their exchange rates. Typically, exchange rates offered by banks can be 2-3% higher than the middle market rate. For some, this is not a concern and for whatever reason, others just simply like to stick to their bank. For anybody in that basket, all major Canadian banks including CIBC, RBC, TD, Scotia, National Bank and more provide currency exchange services. Be sure to phone in to see which locations offer these services.
Besides the options mentioned above, there are other more specialized currency exchange brokers. Many of these brokers have their own advantages or unique propositions. For example, some specialize in a few currencies and focus on providing, for example, the best exchange rate Canada to US. Others specialize by offering lowest costs through relatively larger amounts and no retail locations such as Knightsbridge FX. It is always a good idea to do your own research to understand how these brokers work and to find what works best for you.
Simply contact Knightsbridge FX and you are guaranteed to get a lower rate than at the banks. Here are some additional reasons why you should contact us today for our most up to date rate:
Vancouver is a coastal city in British Columba, Canada. The city has over 2.4 million residents and is the third highest populated city in Canada. It is the fourth densest populated city in North America, behind only New York City, San Francisco and Mexico City. While Vancouver has plenty of banks to choose from, only one bank is based in Vancouver, the Citizens Bank of Canada that opened in 1997. Other banks that residents can choose from include RBC Royal Bank and State Bank of India. Thanks to its location, situated right on the coastline of British Columbia, Vancouver is considered an extremely international city. More than half of the population of Vancouver can speak more than one language and speaks English as a second language. Vancouver was settled in the late 1800s a man convinced local sawmill workers to build a tavern. The man, Gassy Jack, was the person the land that would become Vancouver would be named after. Originally called Gasstown, Vancouver was eventually renamed in 1886. With the expansion of the transcontinental railway in 1997, Vancouver became a major city and seaport. The city still thrives on its seaport, and in 2009, it was Vancouver’s port was named Canada’s largest port. Give us a call at 1-877-355-5239 for a no-obligation currency exchange quote and one of our representatives will walk you through the process and next steps. Alternatively, you can fill out the form below and we’ll walk you through the process of how to get the best currency exchange possible in Vancouver. To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.