I Want to Sell
What amount of foreign currency would you like to sell?
Which foreign currency?
Total Canadian dollars that you will receive (CDN$):
*Rates will fluctuate with the live market. Call for preferred rates on trades worth more than $3000.
What amount are you looking to receive in Canadian dollars (CDN$)?
Which foreign currency would you like to sell?
Total foreign currency that you will need to sell:
*Rates will fluctuate with the live market. Call for preferred rates on trades worth more than $3000.
I Want to Buy
What amount of foreign currency would you like to buy?
For which foreign currency?
Total Canadian dollars that you will pay (CDN$):
*Rates will fluctuate with the live market. Call for preferred rates on trades worth more than $3000.
What amount are you looking to spend in Canadian dollars?
Which foreign currency do you want to buy?
Total foreign currency that you will receive:
*Rates will fluctuate with the live market. Call for preferred rates on trades worth more than $3000.
* Please note that these rates are subject to change and may be adjusted without notice. Call for preferred rates on trades worth more than $3000 and preferred rates for wire transfer and cheque transactions.
| Currency | We Sell to You | We Buy From You |
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Frequently Asked Questions About Currency Exchange Rates
How do you convert foreign currencies?
Any currency can be converted into another currency using an exchange rate. These exchange rates are determined by foreign exchange traders, who are constantly selling currencies on the market 24 hour a day and 7 days a week. Rates are always changing based on demand.
For example, you might be able to sell your US dollars for 1.2 Canadian dollars today, but they might only be worth 1.18 Canadian dollars tomorrow. Our team refers to the current market rates whenever we convert foreign currencies, so you can be sure that you’re getting the right amount.
Why do some businesses charge more to exchange currency than others?
Any business will charge a small fee for the cost of converting currency, in order to offset their operating costs and ensure they turn a profit.
Some companies will have a more difficult time dealing with foreign currencies and charge more as a result. Other businesses will charge higher fees because they know that travellers will rely on their services in a pinch.
When converting currencies, you should try to plan ahead and find the company with the lowest fees and the best exchange rates. You can also watch the exchange rate to pick the best time to make a conversion between two currencies.
Is it possible to ‘lock in’ an exchange rate in advance?
Yes, it is possible to lock in the current exchange rate, using what is called a forward contract. If you believe that the market is moving against you and you are likely to lose money from a future currency conversion, then a forward contract can offer many advantages.
Have a question about exchange rates that we haven’t answered here? Contact us for more information on currency conversion.