Create a real-time currency exchange rate alert.

Canada
Currency Exchange
Get the Best Rates

Banks charge huge hidden fees when exchanging money. Get exchange rates up to 2% better than the banks.

We are the most trusted name in foreign currency exchange...

in Canada with over 70 media news interviews including 20 video interviews all by Canadian news outlets

Trusted and Reviewed

Toronto Star

“I saved a huge amount…about $3,000 over the bank quoted for U.S. dollars…everything went as smooth as a dream”

David Newman,
Florida Property Buyer interviewed by the Toronto Star

CBC

“You can save hundreds, if not thousands of dollars”

Terry Ritchie,
Calgary-based financial planner who specializes in cross-border financial issues.

The Globe and Mail

“KnightsbridgeFX is an online currency exchange company that seeks to undercut foreign exchange rates offered by larger financial institutions”

Preet Banerjee,
columnist, for the Globe and Mail

The Globe and Mail

“KnightsbridgeFX is “the costco’s of foreign exchange”

Financial Advisor quoted in the Globe and Mail

Benefits of Using Knightsbridge Foreign Exchange

  • Secure

    We are regulated by FINTRAC (Government of Canada agency) and have segregated client trust accounts at the Bank of Montreal.

  • Best Rate Guarantee

    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.

  • Convenient

    Register and book a transaction in minutes and send funds conveniently through Canadian banks.

  • Fast

    We offer same day delivery of funds to your desired destination if booked before bank cut-off.

  • Transparent

    You’ll get a confirmation of the agreed upon exchange rate in writing before you send funds.

  • Great Customer Service

    We understand that fast, efficient, and friendly service makes a difference.

It's really, really simple to use

Video Thumbnail
Play Button

  • Get a no-obligation quote

    Call us 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.

Currency Exchange in Canada

As the world gets smaller and smaller, more people have the need to exchange currency. Whether you need to convert currency for travel, trade, commercial purposes, hedging or simple speculation, there are a number of ways to do so.

Unfortunately, the most common avenue used by individuals to exchange currency is also the most expensive as the major banks offer very poor exchange rates. Most banks have large infrastructure, administration, and large overhead costs. They use their currency conversion service to subsidize other divisions. They attempt to do a whole host of things, few of them particularly well. It may be difficult to find the conversion department or service person depending on the bank. However, Knightsbridge FX is focused only on this service, so we can provide the lowest rates and best service. In general, large banks provide rates from 2% – 2.6% to convert currency. In contrast, Knightsbridge FX provides the lowest currency conversion rates on the market, ranging from 0.1% to 0.6%.

How to Get the Best Foreign Exchange Rate in Canada

To find the best rate to convert currency, take several simple steps. First, write down all of the local banks and their phone numbers. Those include RBC, TD Bank, Scotia Bank, BMO, CIBC and others. Ask each bank how many US Dollars (or whatever currency you need) they will provide in exchange for $1,000 Canadian. The bank that will provide the most has the best rate. Then check out the Knightsbridge FX rate. We guarantee that our rate will be the lowest, and if not then we will match the lowest rate on the market. Our lowest rate guarantee has helped countless clients achieve favorable rate in Caledonia on their currency conversion, saving themselves both time and money.

Make sure to check currency converters for the best exchange rates. Foreign exchange rates can vary due to world markets, monetary policy and unless you’re well-informed on Forex, it can seem overwhelming. Fortunately, you don’t need access to something as advanced as Globex or Oanda to get basic exchange rates. Whether you’re exchanging CAD into (or from) OFX, XE, pesos, dinars, rupees, francs or pounds, make sure you’re getting the best Forex deal. Check our currency exchange calculator for rates.

About Canada

Canada has strong links to the US economy and there is a large demand to convert Canadian dollars to US dollars. We also have historic links to Europe, especially France and England. More recently, we’ve seen the growth of large Asian communities in Canada and have increasing links with that part of the world. As the links around the world grow stronger and stronger, there is an increasing need to convert currency on a frequent basis.

Canadians are frequently traveling to the US for fun and business. Currency conversion is critical to help these trips go smoothly. Of course, Canadian companies do business with practically every country on earth and currency conversion is critical to these transactions. Here are some of the locations throughout Canada where Knightsbridge FX offers currency exchange services:

Alberta

British Columbia

Manitoba

New Brunswick

Newfoundland

Nova Scotia

Ontario

Prince Edward Island

Quebec

Saskatchewan

Please call us directly at 1-877-355-5239 for a no-obligation quote on your currency exchange. Or you can just fill out the form below and one of our friendly consultants will contact you to walk you through every stage of the process. Our consultants will be sure to provide the best service and the best currency exchange possible in Canada.

 

Financial Tips when Traveling

When traveling (whether for business or vacation), you’ll want to make sure to be prepared financially. Make sure you have a currency converter handy (check out our online app), so you know the going exchange rate between currencies. Make sure your credit card company knows you’re traveling and have some cash on hand just in case and make sure you have people who can transfer money in case you find yourself in a tight jam. Overall safety will be different between countries so always make sure your personal products are in a secure place. This applies whether you’re in Toronto, Ottawa, Los Angeles, Mexico City, Singapore, Hong Kong, London, Moscow or wherever.

Currency Exchange with Knightsbridg

Saving money by exchanging with us is a great investment as you are saving by getting a much better rate, Why bother paying for the interbank rate PLUS the amount banks are adding? So just select your amount and get a hold of us!

More about Knightsbridge FX

Knightsbridge FX not only provides currency exchange at low prices but also provides a growing body of free currency-related information.  This includes information on other banks, including Tangerine, RBC, TD, Scotia Bank and CIBC.  Covering subjects like cross-border banking, Canadian dollar forecast, opening a USD/dollar bank account in Canada, as well as exchange rates from banks like TD and RBC is your one-stop source for Canadian currency-related information.  Knightsbridge FX has a great rate for currency exchange transfers and our founder is known as an expert on the CAD and has been extensively quoted in the media. The CAD is strong when compared to other currencies, including the Hong Kong Dollar, South African Rand and New Zealand Dollar. Feel free to search through our content and tools including our currency exchange rate calculator.

How To Find The Best Exchange Rates For The Canadian Dollar To The USD

When you are ready to get American money for your trip over the border, you must find foreign exchange services that will help you get the bills you need, get a good exchange rate, and provide you with other services that might be useful to you. Once of the best things that you can do is shop around for a good exchange rate because this is a financial transaction that could net a profit. Read more about how the exchange rates can change the way you travel.

How Does The Bank Of Canada Set Rates?

Bank notes in Canada are part of a world market where people are trading on currency every day. People invest in foreign currencies because they believe they will grow, and other currencies fall because there is not much trading or confidence in those currencies. The difference between the Canadian dollar and the USD is one that comes into play when you want to get bills for a trip.

If the Canadian dollar is weak against the USD, you will have less money to use in America. If the Canadian dollar is strong, you will have more money to spend.

How Does This Impact Credit Cards?

The credit card company must do the math on your currency transactions when you are abroad. However, they do the math on the spot. Any money you spend is already gone, and you cannot change the amount that was spent or the exchange rate at the time. The monetary policy for an exchange service is different, and you can use cash on your trip to help save a bit of money on the front and back end of your voyage.

How Much Money Are You Getting?

You should get your US bills and coins when the Canadian dollar is strong against the American dollar. You want to make sure you get as much American money as you can so that you have more to spend when you go on your trip.

What About Sending Money?

If you send money to someone in the US, you are going to get the exchange rate at the time that you send money. If the rates are not very good, you need to send more money so that your counterpart in the US gets the cash they need. However, you could send less money if the Canadian dollar is very strong. Because of this, you might want to travel with cash.

When You Return From Your Trip

When you return from your trip to the US, you will have US currency that needs to be converted back to Canadian currency. If the rates are good, you can convert your money then. However, you might want to wait for the Canadian dollar to strengthen against the US dollar. By doing this, you are speculating on the currency so that you can get more money back. You might even make a small profit on the trip if you get a better exchange rate when you come back to Canada.

Conclusion

There are several reasons to convert currency before your next trip to America, but you must get the best rate so that you do not net a loss for your trip. The currency that you have can be converted back to Canadian currency when you cross the border, and you have the option to wait for the best rate so that you can make a profit. This is much easier than using credit cards or wiring money to a friend with a fixed exchange rate.

Popular Currency Exchange Categories

Stop overpaying with your bank on foreign exchange

We are built to beat bank exchange rates and save you money