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 Winnipeg: (204) 318-1150
It’s no shock to most individuals that banks regularly charge steep fees, whether for a personal account or other basic banking services. However, somehow the myth persists amongst first-time travelers that banks will offer them the best currency exchange rates. Whether you are looking to do cash exchange or larger transfers through bank transfers, you should always shop around.
If you are looking for the cheapest way to exchange Canadian into US dollars for instance, you can save 1 to 2 percent in exchange fees using Knightsbridge Foreign Exchange. Compared to major banks such as the Royal Bank of Canada, TD Bank or Scotia Bank, the savings range is between 2.5 and 3.0%. If you need to exchange large amounts of money, those percentages add up quickly, meaning more money back in your pocket.
There are various options for money exchange in Winnipeg, but be sure to always do your research. With Knightsbridge FX you can be assured that you are getting the best exchange rate from Canadian to US dollars. We even have a best rate guarantee to ensure you are getting the cheapest US exchange rate possible.
330 St. Mary Avenue
Winnipeg, MB, R3C 3Z5
Telephone: (204) 318-1150
With such a great number of currency exchanges in Winnipeg, it is important to understand where you should take your money. The vast number of these foreign exchanges in Winnipeg are retail outlets, or kiosks. These locations can be found in airports, shopping malls, tourist destinations and hotels. Of course there is also the option of going to your bank; however you may want to stay clear of them, especially when transacting a large amount.
When navigating through an airport, you have most likely come across a foreign currency exchange. Take for example the International Currency Exchange in Winnipeg’s James Armstrong Richardson Airport. Such foreign exchange locations are notorious for marking up their exchange rates. This is because once you are at the airport; your options are usually reduced to just one company. Unless you are in dire need to exchange money, airport currency exchange locations should be avoided at all costs. Instead, you should find a Winnipeg currency exchange location in advance, to ensure you are not receiving highly marked up rates.
When on vacation, you may find yourself in need of some extra cash for activities or other personal expenses. Since you are most likely in an unfamiliar city, you probably will not know where you can get the best exchange rates.
If you happen to be looking for the best foreign exchange Winnipeg has to offer, you can always ask the concierge at your hotel. In some instances, hotels will also have in-house currency exchange services. Although this surely will not be the best foreign exchange in Winnipeg, it may be worth it for the convenience. Some Winnipeg hotels that have currency exchange include the Best Western Plus at the Winnipeg Airport as well as the Hampton Inn. Call in advance in order to find out if your future accommodation has these services.
Scattered around the city, you will find various Winnipeg money exchange companies. These companies are usually located in busy areas, with tourists or high volumes of people. You can expect to find these locations in shopping malls, tourist destinations, popular streets and train/bus stations. Some of the more popular companies to look out for include International Currency Exchange (ICE) and Calforex.
For many people looking for the best exchange rate (Canada to US), believe going to their bank is the only solution. As stated before however, this is anything but true.
For those looking to buy and sell, Winnipeg currency exchange may be the better solution. If you do choose to take your business to the banks, you will have many choices. Some options include: BMO foreign currency exchange, CIBC foreign currency exchange, Desjardins foreign currency exchange, HSBC foreign currency exchange, RBC foreign currency exchange, Scotiabank foreign currency exchange and TD foreign currency exchange.
When looking to exchange currency, Winnipeg has other options that are definitely worth looking into. A foreign exchange broker would be the provider that could get the best rates on large transaction volumes. For amounts larger than $5000, KnightsbridgeFX offers the best rate guaranteed.
When you need to exchange money, we don’t ask that you just take our word for it. Call up your local bank and inquire about their currency exchange fees. They should be able to tell you over the phone. Try a few banks you trust and give us a call at (204) 318-1150, as well. The numbers speak for themselves. Compared with major banks, our lower overhead costs allow us to stay nimble and competitive. That’s how we pass on the savings to you. Plus, banks rely on their larger customer base to exchange currency with them, meaning that they don’t have to be competitive in their pricing. Once you see the offers we can make, we doubt you’ll waste your time (or money) every exchanging at a bank again.
When making your calls, keep in mind that exchange rates fluctuate rapidly from one day to the next. Therefore, make sure that you’re comparing “apples to apples” when you check the pricing for various banks.
The capital of Manitoba, Winnipeg is also the largest city in the province. Thanks to its position at the eastern end of the Canadian Prairie, it is sometimes referred to as the “Gateway to the West.” With a population of over 650,000 residents, the city has been inhabited since at least the early 1800s. In addition, archaeologists have found evidence of nearby settlements existing in the area around 11,000 years ago. Presently, Winnipeg is a city with diversified industries, including significant trade, manufacturing and healthcare sectors. Winnipeg is home to numerous banks, including Scotiabank, HSBC, TD Bank, RBC and more.
For foreign visitors to Winnipeg and Canadians preparing to travel abroad, Winnipeg abounds with options for currency exchange. For the best value, Knightsbridge Foreign Exchange offers exchange rates better than what you would find at regular banks. At local or nationwide banks, exchanging a large sum of US dollars can be surprisingly expensive. For those who are exchanging currency for the first time, it can come as a shock that the friendly neighborhood bank does not offer the best rates. Turning instead to an exchange bureau that specializes in the field can reward you with lower rates.
Give us a call at (204) 318-1150 or 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 on our get started page and we’ll walk you through the process of how to get the best currency exchange possible in Winnipeg.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.