Where is the best place to exchange U.S. dollars to Canadian dollars?
The best places for you to exchange your money are banks, post offices, border crossings and American Express locations. The worst places that you can exchange your money are airports, train stations and tourist areas. Exchange rates will vary so always call around or search online to find the best rates.
Places to Exchange Currency
Foreign currencies are easily changed into Canadian dollars at currency exchange kiosks at border crossings, large shopping malls, and banks. If you want to have some currency in hand, then it would be best to find a bank or ATM to withdraw the local currency.
- Cash.
- Securities in bearer form (for example, stocks, bonds, debentures, treasury bills)
- Negotiable instruments in bearer form (for example, bank drafts, cheques, travellers' cheques, money orders)
- Transfer of funds between your bank and a Canadian bank.
If you're on a budget, you should convert your money to CAD to get the most out of it. You may skip right to Canada's most famous attraction if you're hurrying. Tourist hotels, duty-free shops, and border towns generally accept the US dollar. A few shops will exchange your money for a competitive amount.
Exchanging money in advance is not necessary. In fact, most places will accept either US or Canadian dollars.
We offer competitive exchange rates to Canadians on all currency exchange services. From transferring funds to a foreign bank account, exchanging money for travel, to converting CAD to USD in your bank account. TD can assist you with all of your currency exchange transactions.
Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas.
Walmart will not accept or exchange foreign currency and will no longer exchange foreign currency. Nevertheless, there are some banks situated inside Walmart stores that exchange foreign currency, such as Rockwell National Bank and Woodforest National Bank, which require you to be a customer to obtain the currency.
Exchange rates at banks are slightly better than exchange rates elsewhere. You can also order currency before you leave on your trip from a number of websites that will ship it to your home within a couple of days.
Is it better to exchange money in US or Canada?
As a general rule, you will get a better exchange rate in Canada, either at a Canadian bank, or at a duty free/border exchange booth, or at a casino. These are the official rates at which banks in every country buy and sell. You and I will always get less.
Best Canadian Dollar / U.S. Dollar Exchange Rate Today: 0.7674.
- CIBC has branches all over Winnipeg and Canada, and they provide an exchange service in every branch. ...
- ScotiaBank is a popular bank in Canada that also sponsors the arena where the Toronto Raptors play. ...
- KnightsBridgeFX offers the best exchange rates for foreign currencies, and they do better than the banks.
