Currency Exchange Toronto

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When is the Best Time to Exchange Money?

I wish I could tell you. There is no perfect time of day or of week to exchange funds.  The currency exchange market is very efficient. If there was a perfect time of day then everyone would wait all day for this time and the rush of people buying at that time would push the price up.

The currency exchange market is based on a lot of factors, especially supply and demand and economic factors.

However, currency exchange rates typically all rise on the weekend due to lack of liquidity (supply).  Therefore, if you go to exchange currency, try not to do it on the weekend as markets are generally closed and currency exchange companies have to hold on to the currency over the weekend and take on risk that the currency exchange rates change against them.