Currency Exchange in Thunder Bay (1-877-355-5239)

The best way to save money when buying or selling US dollars is to stay informed. Understanding the influence of the global economy on exchange rates is a good place to start. When looking for the best exchange rate in Thunder Bay you must understand that the rates you see are constantly fluctuating. What you see in the morning can be very different from what you see later on in the day. Therefore securing a rate you are comfortable with can sometimes be challenging. You must also know that the rate that you see listed on the TV or online is not the rate which you will ever be given. This rate is known as the “spot rate” or “inter-bank rate”. It is essentially the rate that banks will sell to one another, and is usually in the millions of dollars. It is therefore very unlikely, that you will ever be receiving this rate. Instead, what you will receive is a marked up rate. Typical markups range between 2-5% depending on the currency you are looking for.

Now that you know this valuable information, you must seek a way to find where you can exchange your funds for the lowest mark-up possible.

The Best Place to Buy or Sell US Dollars in Thunder Bay

This is where we come in. At Knightsbridge Foreign Exchange we understand the power of knowledge. We therefore do everything in our power to offer you the best rates in Thunder Bay. We do all of the hard work for you by calling all of the leading banks and financial institutions to find out the rates they are providing. We then price our rates accordingly. Our customers typically enjoy rates on average 1-2% better than the banks. This means huge savings on your all of your foreign exchange transactions. The more money you transact, the larger the savings.