Currency Exchange Toronto

Looking for the BEST currency exchange rates in Toronto? Get UNBEATABLE currency exchange rates with KnightsbridgeFX.com. Lock-in your exchange rate at 416-479-0834 or 1-877-355-5239 (KBFX).

How to Save on Foreign Exchange Rates When Travelling?

As Canadians travel throughout the world, when they travel, they need to purchase currency of the local markets they travel. Exchanging cash at hotels and malls in local tourist markets is convenient but can be very expensive. The markup can be substantial at some of these places.

A credit card can charge a markup about 2.5% on top of the middle market exchange rate. This is reasonable but is also costly. However, it is convenient.

Before you exchange currency cash at a local outlet, compare the exchange rate you are getting with the interbank exchange rate and if the markup is a lot, then find another place. If the markups you are finding is greater than 2.5%, then you might want to just use your credit card to exchange currency.

You can also try to negotiate with different places to see if they can give you a deal. Knowledge is power.

 

Currency Exchange Resources

 

The information contained herein is based on data obtained from sources believed to be reliable. However, we have not verified such information, and we do not make any representations as to its accuracy or completeness. Neither the information, nor any opinion expressed, shall be construed to be, or constitute a recommendation or an offer to buy or sell, or a solicitation of an offer to buy or sell, any currencies mentioned herein. Any trademarks or logos used throughout this website are the property of their respective owners.