Currency Exchange Markham - Best Foreign Exchange Rates Markham |

MARKHAM: Currency Exchange (1-877-355-5239)

Are you thinking about taking a long vacation overseas, seizing an international investment opportunity, or paying a business expense from abroad? If you’ve answered yes to any of these, you’re probably wondering where you could find the most affordable currency conversion in Markham. The good news is there are many places you can go for currency exchange in Markham and surrounding areas in the Greater Toronto Area. Now for the bad news; usually you’ll have to compare between dozens of sources to find the deal that best suits your needs. You’ll want to explore as many alternatives as you possibly can, especially if you want to acquire the best USD exchange rates in Markham.

Fortunately for you, we make rate comparison a very simple task by promising to beat the rates of all Canadian banks. Whether it’s CIBC, RBC, BMO, TD, Scotiabank, or any other primary Canadian financial institution, KnightsbridgeFX offers more competitive foreign exchange. Not only does KnightsbridgeFX have a best rate guarantee to price-match the competition, but you can rest assured your funds are safe with us. To get a completely free quote on our services, with no obligation to purchase, call us at 1-877-355-5239.

Why our clients always return to our currency conversion services:

SECURITY – KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788

REPUTATION – Find us on reputable news sites (CTV, Globe and Mail, BNN, Toronto Star, CBC)

LEGITIMACY – Over 100 positive testimonials on Google Reviews with an average rating of 4.7/5

TRANSPARENCY – No hidden fees or flat transfer charges

POPULARITY – Executed and fulfilled more than 70,000 transactions exceeding $2 billion total

The Best Spots in Markham to Trade Dollars

Assuming you’ve done your research, basically every currency exchange spot in Markham will fall into one of three categories: independent brokerage, chain exchange franchises, and major financial institutions. While all of these services will certainly convert your Canadian dollars to US dollars with ease, they won’t do it equally. FX firms tend to compete in price, customer service quality, and delivery speed. By those measures, each of these three categories comes with their own positive or negative attributes.

For instance, major financial institutions (like banks and credit unions) are a great option if you want to use a service that is simple, comfortable, and trusted. On the flip side, you’d be converting with some of the poorest FX rates in Markham, since banks typically inflate their margins. You could opt for a chain currency exchange franchise instead of a bank, but truthfully the rates won’t be much better. Occasionally the rates would even be considered worse, but these franchises will usually service a broader range of FX needs. If you need a very specific or niche international currency in physical cash, you’re better off requesting it at a service like Money mart of ICE instead of a bank.

Unlike the two aforementioned categories, an independent broker doesn’t have the safety and security of the banks or other large brick and mortar establishment. Digital FX companies inherently come with a larger trust barrier between them and the consumer, but you’re bound to get a better rate than the bank. By choosing to go through with an online-only FX specialist like Knightsbridge Foreign Exchange, you’ll have access to an easy and fast process and the best currency exchange rates in Markham, Ontario.

Toronto Pearson International Airport

The nearest airport to you in Markham is Toronto Pearson International Airport, and many will save their currency exchange until they get there as they find it more convenient for them. If you do this, be aware you’re forsaking the ability to get the best rate on USD in the GTA. Major airports charge a ton of rent expense to retailers, which is why virtually every price tag at the airport is expensive. Foreign exchange service providers that have booths and kiosks in airport terminals are not exempt from this rule, as they have to add a huge markup in order to be able to afford the costs. Since they obviously do not compete on price, airport FX kiosks instead compete on convenience. Generally speaking, customers that use an airport’s FX services are using it as a last resort – or simply because they are unaware of cheaper alternatives.

Dollar Exchange Kiosks in Markham

If you’re driving around the city, you may see some exchange kiosks available to use for currency exchange in Markham. Usually these buildings can be found in convenient locations like shopping malls, tourist locales and hotels due to their high levels of foot traffic. These can be really easy to use, but don’t let their small size make you believe they have small prices. Exchange kiosks offer some pretty nasty markups themselves. They may not be as much as the bank, other retailers or airport brokers, but there is still enough of a markup to keep them from offering Markham’s most competitive FX rates.

Markham’s Big Canadian Banks

The major Canadian banks have owned the majority of the market share for currency exchange in Markham. Some take this to mean they’re the best way to exchange their currency, perhaps not factoring the actual rates they’re getting. The bank doesn’t provide the best foreign money exchange rates in Markham or even competitive rates at all. Instead, they add a very large markup to their rates (approximately 3%) that makes a large difference in how much you’re sending. If you’d like to get better rates, there is a provider that gives you an easy, safe and quick way of exchanging our currency with the best currency exchange rates in Markham. That option is Knightsbridge Foreign Exchange.

Online Currency Exchange Brokers in Markham

You may be thinking about using an independent broker to get a great rate, but make sure you do some research first if you’ve never used one before. The first thing you can check is if they require some form of personal identification. When a company neglects this first step, they’re disregarding government regulations and you should pass on them. Even if they claim to provide the best USD money exchange rates in Markham don’t perform any illegal or gray-area transactions. If you do pursue these, please understand that you’re putting your financials at risk. In order to side with a reliable online-only specialist, look towards KnightsbridgeFX for your currency conversion needs. KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788. This way, your funds are kept safe.

With banks having so much of the consumer base for currency exchange in Markham, there are many different deals they try to offer to bring in more customers. A couple examples of those deals are to lower your rate based on how much you’re exchanging, or to allow you to pay at a later date or in installments. These are designed to work without giving much thought towards competing on price. Banks rely on their convenience factor to carry their FX revenue, but we understand that many FX users are also very cost-conscious. At Knightsbridge Foreign Exchange, our goal is to continue providing the best currency exchange rates in Markham. We do that with our online infrastructure, rather than having physical locations. This keeps our overhead low, and your exchange rates low too!

How We Can Help You Get Markham’s Top FX Rates

We can confidently declare that we have the most favorable rates on US dollar conversions in Markham. Our customers at Knightsbridge Foreign Exchange save about 1-2% per exchange on their exchanges versus customers of the leading providers of currency exchange in Markham. Look at it from a simple math perspective: if you exchange $100,000, then by simply choosing Knightsbridge Foreign Exchange you’d be eligible to save $2,000 on your next exchange! See for yourself by getting a rate from us and the bank, showing we indeed have the best currency exchange rates in Markham.

A Short Description of Markham, Ontario

Markham, Ontario is a city in the Greater Toronto Area with a population of about 330,000 people. This ranks it as the 16^th largest city in Canada by population. Markham was first settled in 1795, before officially incorporating as a village in 1872. 100 years later in 1972 it would incorporate as a town, and then finally in 2012 it officially became a city. The city unfortunately just recently missed the bid for the new Amazon headquarters, but it still hosts a surprising number of globally-recognized corporations. Markham is officially considered a home for companies like Advanced Micro Devices (AMD), Johnson & Johnson, Oracle, and Scholastic Canada.

We hope you’ll give us a chance to show you first-hand why Knightsbridge Foreign Exchange is the best choice for currency exchanging. Call us at 1-877-355-5239 and we’ll give you a free no-obligation quote along with a walkthrough of our exchange process. You could also register online if that is easier for you – the application only takes a few minutes to complete!

TOP 5 THINGS YOU DIDN’T KNOW ABOUT MARKHAM, ON

Markham is considered to be the most culturally diverse section of the Greater Toronto Area
Markham is nicknamed Toronto’s “Technology Sector” because of how many influential tech companies have leased office buildings there
Pacific Mall in Markham is one of the largest indoor Asian shopping malls in North America
Massively popular Youtuber-turned-actress, comedian, and writer Lilly Singh was raised in Markham
Even though Markham is just one of many sections of the Greater Toronto Area, it’s still ranked within the top 20 largest Canadian cities by population

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

Best Currency Exchange Rates in Markham

Best USD Exchange Rates in Markham