Foreign Currency Exchange Services in Canada (2024)

Foreign currency exchange, buy foreign currency online

Foreign Currency Exchange Services for Everyone

Enjoy the best exchange rates on foreign currencies with a team well-versed in foreign currency exchange. Get converted funds to your foreign currency bank account within one business day. Connect with us to buy foreign currency online, and save a tremendous amount of money and time.

CanAm is your go-to place for foreign currency exchange in Canada. We help you with the absolute LOWEST price on your currency exchange needs while saving you hundreds to thousands of dollars in transactions. Whether you’re a US cross-border employee or student, investor, traveler, or someone new to Canada, we can help you transfer your funds into Canadian Dollars in a stress-free manner while offering the best rates.We make foreign currency exchange less tediousAt CanAm Currency Exchange, we follow a unique process built on an in-depth understanding of the common risks faced by businesses. We take time to understand the specific challenges you’re facing before delivering an effective strategy tailored to your particular objectives. Our solutions ‎are created to grow with you, and our team of experts is always there to assist you every step of the way. That’s how we make the process less tedious for you.Get in touch with CanAm to buy foreign currency onlineBuying foreign currency online may pose investors with undesirable exchange rates, impacting their investments significantly. That’s where the CanAm Currency Exchange team comes into play. We work to find premium solutions for clients and help them with the most competitive rates. By doing so, we assist you in enjoying incredible savings and getting the most out of your efforts.Want us to assist you in opening a foreign currency account at your current bank and get your funds converted to Canadian Dollars? Call us to book a trade, and get the converted funds to your foreign currency bank account within one business day.We work with our clients to collaboratively identify and manage increasingly complex currency exposures. Our process is built on developing a deep understanding of the risks that your business faces, before delivering a strategy created to meet your specific objectives. Our solutions ‎are designed to grow with you, and our team is dedicated to working with you every step of the way.

Foreign Currency Exchange

Foreign Currency Exchange Services in Canada (1)

Purchase one currency against the sale of another currency at an agreed rate. Funds are debited from, converted and then wired free into the USA or CAN accounts of your choice for transactions completed online or over the phone.

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Bullion & Precious Metals

Foreign Currency Exchange Services in Canada (2)

Hedge your foreign exchange holdings through the purchase of gold, silver, and platinum. As an authorized distributor of the Royal Canadian Mint, we offer precious metal coins, bars and other bullion.

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Foreign Currency Exchange Services in Canada (3)

US Cross-Border Employees

If you work for a foreign company, we are more than equipped to help out; while saving you a tremendous amount of money and time.

We recommend opening up a foreign currency account at your current bank, and as soon as you need the funds converted to Canadian Dollars, call us to book a trade, and we will send the converted funds to your foreign currency bank account within one business day.

We’ll get straight to work converting your funds at some of the most attractive rates in the business.

Foreign Currency Exchange Services in Canada (4)

Investors

Undesirable exchange rates can have a large impact on your investment. CanAm Currency Exchange works tirelessly to craft a premium array or unique solutions created for the specific needs of your particular investment.It is a well-known fact that bank rates are some of the most unfavorable, but we strive to secure much more competitive rates for your convenience and fulfillment.We embrace a simple yet powerful process to enable you to enjoy significant savings and get the most out of your investment.

Foreign Currency Exchange Services in Canada (5)

Cross-Border Students

CanAm is the perfect partner for foreign exchange students from any country around the world.CanAm will promise the absolute LOWEST price on your currency exchange needs.CanAm can save you hundreds to thousands of dollars when paying your tuition or room and board regardless of what currency you are looking to exchange.CanAm promises the lowest rates on all currency exchange, beating the bank rates by up to 2%.

Foreign Currency Exchange Services in Canada (6)

Travellers & Snowbirds

Before being able to enjoy your vacation or time away from Canada, one of the most tedious processes that irks travelers is exchanging currency.Undesirable rates and heightened transaction fees at banks, airports and your destination are made obsolete by CanAm Currency Exchange.If you are looking to secure a quick and easy way to obtain bank notes for your destination of choice, you’ve come to the right place. We boast an extensive array of global currencies for your convenience, minus the hefty service charges.

Foreign Currency Exchange Services in Canada (7)

Newcomers to Canada

Relocating to a different country brings about enough stress as it is. Currency exchange should not add to this.Our professional, seasoned and friendly team are ready to transfer your funds into Canadian Dollars – 100% hassle and stress free, while offering the best rates which will potentially save you thousands of dollars.We keep our hawk-eyes on the foreign exchange market at all times in order to guarantee the most attractive results for each and every CanAm client. We never cease to embrace unrivaled transparency, opening your eyes to valuable information involving the economy, trends in the market and beyond.

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Foreign Currency Exchange Services in Canada (2024)

FAQs

What is the best exchange service in Canada? ›

TD Foreign Exchange is a leader in currency exchange services in Canada. 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.

Do banks in Canada exchange foreign currency? ›

Get live foreign exchange quotes, execute trades, and browse transaction history with Scotia FX. Get a better rate, drop by your local Scotiabank branch to get the currency you need before you travel. Traveling on business? Whatever your needs, Scotiabank has a credit card to suit your lifestyle.

How can I get foreign currency in Canada? ›

How it works
  1. Register for a foreign cash profile.
  2. Verify your identity.
  3. Select the amount, type of currency and whether you prefer large, small or a mix of denominations.
  4. Choose home delivery or pick up your cash at the post office.

How much is $100 US in Canadian today? ›

US Dollars to Canadian Dollars: exchange rates today
USDCAD
100 USD136.88 CAD
250 USD342.22 CAD
300 USD410.66 CAD
500 USD684.44 CAD
8 more rows

Should I exchange money before I travel to Canada? ›

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.

Where is the best place to convert US dollars to Canadian? ›

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.

What is the cheapest way to convert USD to CAD? ›

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.

Is there a fee to exchange currency in Canada? ›

While some exchange services, like those offered by banks, may appear to be free, be aware that you're still paying a fee in the form of a “spread,” the difference between the price the bank or exchange service paid for the currency and the marked-up price at which they sell it to you.

Are U.S. dollars accepted in Canada? ›

USD not universally accepted

Although large retailers, tourist attractions, hotels and border crossings accept US currency, smaller and rural destinations may not. Travellers don't always consider the situations when the local currency is the only option.

Which bank is best for currency exchange? ›

Top Banks That Exchange Foreign Currencies
  • TD Bank: TD Bank offers 55 different currencies. ...
  • Service Federal Credit Union: The number of currencies available for customers at Service Credit Union exceeds 60. ...
  • US Bank: Customers of US Bank can exchange money at a nearby branch.

How much American money can I get for $100 Canadian? ›

Canadian Dollars to US Dollars conversion rates
CADUSD
100 CAD72.89 USD
500 CAD364.48 USD
1,000 CAD728.97 USD
5,000 CAD3,644.88 USD
7 more rows

How much foreign currency can I bring into Canada? ›

Whether you are leaving or entering Canada, you must declare any currency (cash) or monetary instruments valued at CAD $10,000 or more that you are carrying. This amount includes Canadian or foreign currency or a combination of both.

What is $1 US worth Canada today? ›

US Dollar to Canadian Dollar Exchange Rate is at a current level of 1.376, up from 1.368 the previous market day and up from 1.339 one year ago.

What is $20 American in Canadian? ›

27.45500 CAD

Who has the best exchange rate for US dollars? ›

What is the best US dollar exchange rate? The best US dollar exchange rate right now is 1.2336 from Travel FX. This is based on a comparison of 17 currency suppliers and assumes you were buying £750 worth of US dollars for home delivery. Where can I get the best US dollar exchange rate?

How do I get the best Canadian exchange rate? ›

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.

Which service has the best exchange rate? ›

Great exchange rates - when you spend on a travel credit card you get the Mastercard or Visa exchange rate, which is about the best you can find as a regular consumer.

What is the best exchange rate for Canadian? ›

Best Canadian dollar exchange rate
Exchange rate(1 GBP → CAD)Transfer feeRecipient getsSending 1,000 GBP
1.717124.26 GBP1,709.81 CAD-0.75 CAD
1.717127.24 GBP1,704.69 CAD-5.87 CAD
1.702950.00 GBP1,702.95 CAD-7.61 CAD
1.701740.00 GBP1,701.74 CAD-8.82 CAD
11 more rows

What is the cheapest way to exchange USD with CAD? ›

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.

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