Waterloo Currency Exchange Get the Best Rates (519) 204-0623

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.

Waterloo Currency Exchange Get the Best Rates (519) 204-0623

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.

Waterloo Currency Exchange Get the Best Rates (519) 204-0623

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.

Waterloo Currency Exchange Get the Best Rates (519) 204-0623

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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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.

WATERLOO REGION: Currency Exchange (519-204-0623)

For visitors and Waterloo locals, the surrounding area (both uptown and downtown) features plenty of opportunities to exchange US dollars. Whether you’re planning a trip to the United States or simply bringing funds from the USA to back to Ontario, Waterloo has no shortage of places to get it done. However, a common mistake made in the KW region is to process every currency exchange inquiry at a major bank. Instead, it’s much more advisable to use an independent exchange company as long as they are reputable, qualified, and service-oriented.

At Knightsbridge Foreign Exchange, we have several years of experience providing our clients with the most convenient exchange at the lowest rates. In comparison, any standard Canadian bank needs to make up for their overhead costs by inflating their FX rates. They can also count on their own clients to come back to them for currency exchange, since they’ve already established a trusting relationship in other departments. Banks see you as a “returning client” because they rely on your loyalty, and so for that reason they would hardly ever need to compete on price. Thankfully, more and more information-savvy customers are finding that their own banks regularly charge unreasonable fees for basic banking transactions. With that in mind, currency exchange is no exception to this rule. As a result, the sky-high fees you’d normally find at bank foreign exchanges can be avoided.

Cash Currency Exchange Spots in Uptown Waterloo

As a major technology and start-up hub within Canada, Waterloo – like many mid-size and larger cities in Canada – provides a number of different options for money exchange services.  Whether you’re looking to buy or sell US dollars or more exotic currencies, you can find the service that’s right for you within the city limits.

Waterloo International Airport FX

The Region of Waterloo International Airport caters mostly to domestic travelers by providing flights to cities within Canada. It does also offer flights to several locations in the United States, but very limited trans-ocean flights.  Surprisingly, there is no in-house currency exchange service within the airport, so you’re better off looking elsewhere.

Overnight Stays in Waterloo FX

Hotels tend to be a common ground where guests exchange money. Typically these exchange services are exclusively used by travelers simply out of convenience.  While not all hotels provide this service, there are a number of them that do in Waterloo.  The Delta Waterloo, which is the most prominent, provides a currency exchange service as part of their overall overnight package.  Other hotels that also provide currency exchange include the Holiday Inn, the Radisson, the Hampton Inn, the Crowne Plaza, and the Four Points by Sheraton.  Typically, the exchange rates at hotels are generally not the best. While this is fine if you’re looking for smaller amounts in cash, on larger amounts it is a much better idea to shop around for more favorable exchange rates.

Online Foreign Exchange Waterloo

Like everything else in the world, the digitization of services is becoming more and more common.  These companies don’t have the associated overhead costs with maintaining a physical storefront location. As a result, they can provide much lower exchange rates.  As is the case with any online service, it is crucial that you do your research to ensure that they are a legitimate and reputable company. Make sure that they are listed and regulated by FINTRAC, have reviews, as well as a strong digital presence.

Knightsbridge Foreign Exchange provides an online foreign exchange service that can be accessed and performed remotely from anywhere in Canada.  Everything within their transfer process is done bank to bank, so you won’t have to visit their office at any time. Any funds involved in your transaction will end up in a recipient account without you having to lift a finger.

Conestoga Mall FX

If you’re looking to exchange currency at Conestoga Mall, you’ll be happy to know that there are many alternatives.  The first being the banks; CIBC and TD Canada Trust both have branches inside the mall and provide public foreign currency exchanges.  However, banks do typically have amongst the worst exchange rates since we’ve established that they don’t need to compete on price.  While they are certainly convenient, they aren’t the most budget friendly choice.  Unless you absolutely need to exchange right away, it is better to shop around in Waterloo for more optimized money converters.

Canadian Banks in Waterloo FX

The Big Five Canadian Banks have a large presence in Waterloo, which are comprised of TD Canada Trust, Scotia bank, CIBC, RBC, and BMO. There are branches located in the majority of commercial centers and retail establishments that will all provide foreign currency exchange.  The rates tend to vary amongst the each bank, even if it’s by a marginal shift. It’s worth mentioning that signing up for an account with the respective bank may even allow you to get preferential exchange rates, although this isn’t always the most efficient process for quick exchanges.  If you’re looking to buy US dollars specifically, it is beneficial to open up a cross-border bank account first so you face less bank fees when processing international currency.  As mentioned previously, banks typically have the worst exchange rates, but if you still feel the need to convert with them keep the amounts to a few hundred dollars or less. Unfavorable rates on low sums of money won’t result in heavy losses.

Obtaining Physical Cash in KW

If you’re looking specifically for pocket cash outside of the bank you could go with mall kiosks and other retail storefront operations.  Currency Converters, a big FX franchise, is located by Erb and Fischer Hallman and is the only retail foreign exchange retail operation in Waterloo. Conestoga Mall doesn’t have an independent currency exchange kiosk, but if you’re willing to make the trip, CF Fairview Park Mall in Kitchener has a Continental Currency exchange.  Remember though that retail cash exchanges are usually more expensive than other service providers. This is generally because you pay a slight premium whenever you want to receive the funds in cash instead of an electronic deposit.

Cheapest Currency Exchange in the KW Region

Getting the best currency exchange in Waterloo is all about shopping around and comparing all the rates that you see.  It’s important to take advantage of the internet because now you are not simply limited to your local physical branches.  As each new day passes, more companies are moving their operations online and reducing their overhead costs and so that they can pass on great savings to their customers.  These companies are able to offer much more competitive rates than banks or local FX retail operations.  It’s worth mentioning that as with any online service, it is important to do your research to ensure that they are a legitimate company.  If you’re hesitant about using an online service, make sure you look into them diligently.

Instead of wasting your precious money and time, we recommend taking your business to an already reputable exchange. Our own company has a long history of leaving customers satisfied, as we’ve processed over 70k transactions and moved over $2 billion. In fact, our clients regularly save a significant amount of Canadian dollars just by exchanging with us instead of their banks. Compared with the extremely high fees of major banks like RBC or ScotiaBank, we can often save you between 2.5 and 3.0%. If you’re making a large exchange, those small percentage points can add up surprisingly fast and result in a ton of money back into your wallet.

If you don’t just want to take our word for it, we encourage you to check for yourself. Give your own bank a call and ask them about the fees that they charge to exchange currency. Write down the exact currency exchange that they quote. After you’ve organized the information yourself, give us a call. Let us show you exactly just how much you could save.

What to Know About Waterloo, Ontario

The city of Waterloo is one of three cities in the Regional Municipality of Waterloo, together with Kitchener and Cambridge. Popularly known as “the Loo” or “Tri-City” (together with Kitchener and Cambridge), Waterloo is home to two highly rated universities and has a considerable high-tech and insurance work sector. Among the most notable high-tech companies based in Waterloo are BlackBerry and Kik Messenger. Places of interest in Waterloo include the Canadian Clay and Glass Gallery, the Waterloo Memorial Recreation Complex and the Elliott Avedon Museum and Archive of Games. While the high-tech and insurance sectors overshadow the banking industry in Waterloo, there are still plenty of banking options for locals and visitors. It is possible to find branches of all of the major Canadian banks as well as some internationally held companies, including RBC Royal Bank, TD Canada Trust, the BMO Bank of Montreal and more.

5 Things You Probably Didn’t Know About Kitchener-Waterloo, Ontario

  • From a 2016 study, the median household income in Waterloo was almost $10,000 Canadian dollars higher than the national household income
  • Insurance companies have such a strong presence in Waterloo that the tallest building in the city belonged to Sun Life Financial
  • The University of Waterloo is ranked among Canada’s top 10 Universities
  • Some of the area’s first immigrants were Mennonites from Pennsylvania
  • Shark Tank’s very own Kevin O’Leary was an undergraduate student at the University of Waterloo

 

Call us anytime at 1-877-355-5239 for a no-obligation quote. Our representatives are ready to show you exactly how you can proceed from there. Or if you prefer, simply fill out and submit the following form. We’ll provide you all the information you need about exchanging currency in Waterloo.

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

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