Currency Exchange in Niagara Falls | CanAm Currency Exchange (2024)

FAQs

Where is the best place to exchange currency in Niagara Falls? ›

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

Yes. US currency is accepted at all most local attractions, restaurants and shops.

Tourists are known to flock to Canada for a dose of exuberance and adventure. But, in order to thoroughly enjoy your vacation, there are some things that you absolutely need to get out of the way – one of them being currency exchange. This is a must-have on your to-do list before you fly out to Canada.

Best place to exchange currency: Your bank or credit union

Many banks offer currency exchange to their customers. Though there may be a small fee if you exchange less than a certain amount, your bank or credit union will almost always be the cheapest place to exchange currency.

Exchange at a bank or credit union before your trip: Visiting your local bank is likely the most cost-effective way to convert currency. Since you already have an existing relationship with them, they'll give you the best exchange rates and charge you the fewest fees.

Like most towns and cities, there are unsafe spots for tourists to be walking around in after dark. Consult with your hotel concierge on where "safe zones" after dark are. One of the safe zones that is highly recommended is between the casino and Niagara Falls itself as it is one of the well-lit areas.

Do you need a passport to walk into Canada at Niagara Falls? ›

Yes. A Passport (or a Passport Card or Enhanced Driver's License if coming by land) is required for crossing the border into Canada unless you are age 15 or younger. Please visit the government website for any further details.

If you're travelling internationally, it's best to bring a no-foreign-transaction-fee credit card so you don't waste funds just because you're shopping in another currency.

Canada is a distinct country with its own currency. Although Canada and the United States are neighbours and share many ties, most Canadians would agree that they prefer to be paid in local currency.

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.

What is the best Canadian dollar exchange rate? The best Canadian dollar exchange rate right now is 1.6802 from Travel FX. This is based on a comparison of 17 currency suppliers and assumes you were buying £750 worth of Canadian dollars for home delivery.

Where to Get Good Rates: ATMs and Local Banks. The best place to exchange money is a local ATM or a bank. Many foreign banks are happy to exchange your dollars for local currency for a better rate than you find elsewhere, or you can go to an ATM to skip the line.

Avoid Currency Exchange Kiosks at Airports

If you don't have time to get cash at the bank before your trip, it can be tempting to get foreign currency at an airport kiosk or currency exchange counter. These merchants offer convenience, but their exchange rates are typically much less favorable than your bank at home.

Definitely, use a currency broker. International payments can be made cheaper and faster than your bank. A bank could charge up to 4% in exchange rates costs, whereas a currency broker will normally be under 0.5% from the mid-market.