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Canex Forex | Tagged Posts

2016
28
April
Where is the best place to buy US Dollars for a trip to Vegas?

Question:

Profile picture of Sam

Sam

Does anyone know the best place to buy US Dollars ? Going to Vegas in 2 weeks. Does the bank charge the same as say calforex ? Is there a best day if the week to buy or does that matter ?

Humans say...

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May

*

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Terri-An

Following

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Maggie

Am not sure if the day of the week matters as the exchange rates at the banks and calforex are constantly fluctuating. You may get a better rate with larger exchange volumes ($5000 vs $500) but am not sure what that cutoff is.

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Ben

calforex!!! Banks suck for exchange, regardless what some say, I've never seen them be competitive.

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Cath

Local ATM will always give you a better rate than any service. Just make sure you don't get slapped with high forex fees by your bank

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Ben

not arguing your point, but from what I've seen, I really don't think this is the case. In many countries this IS the preferred method, such as Costa Rica, Thailand, Japan, etc, but in the US, there are so many fees associated including potentially hidden ones not obvious to first time users. On top of the atm fee, your CC or bank for the debit will also charge a fee. Just using an atm in Canada not owned by your bank will incure $2-5...US can be worse...WAY worse in the case of Vegas

Profile picture of Cath

Cath

Vegas is a very "special" case though. I've traveled all over the Americas, Europe, Middle East, and ATM are still my preferred way. It will depend on your card (I use debit, not credit) and I always know beforehand what my bank charges. I also try to pay for as much as I can with a no foreign fee credit card and only use cash for the exceptions

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Bev

calforex change a flat charge better deal than banks

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Terra

If you're a CIBC client check out their foreign exchange online rates. I've had success there and it's delivered to your door.

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Sam

I am a cibc customer. How do you go about that ?

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Bev

Online banking. The option is there to order foreign currency

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Ben

can you please post the LIVE rate....I'm VERY curious to see actual #'s to see how competitive.

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Natasha

I found the better deal was with CIBC( which is who I bank with) we compared the rates online. I was also just able to get $600US from the atm in the bank and didn't have to go to the teller

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Sarah

We got ours at BMO (we aren't BMO clients)

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Jane

The currency exchange in Eau Claire mall has the best rates (I think!)

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Kevin

I've heard this from the group in the past as well, Jane...CanexForex....yup...

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Tam

if you have AMA you dont pay any fees ? just need to go to ama to get the exchange done

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Neil

exchange place in Chinook Mall

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Simon

You don't need AMA membership. In Crowfoot branch have a 'FOREIGN CURRENCY ATM MACHINE'. The cost s $1.5

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Bryanna

Chinook calforex, and they will buy back up to 50% if you exchanged too much

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Valerie

*

Profile picture of Brad

Brad

Your best option is to call around. calforex, customs house, Albern coins. They will all have better prices than the banks. calforex will buy back up to 1000$ at the same rate you bought it, but you have to ask for this make sure they stamp your receipt.

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Caroline

Brad Thanks for this. Have exchanged many times at calforex but have never taken $$ back to them. So good to know the process!

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Darren

calforex. Nobody will beat them. Rates fluctuate daily, they are actually a little better now than they have been.

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Will

If you can, go to a casino. I know, weird, but I've found they have the best conversion rates around. Not sure if any of the Calgary casinos can do it but doesn't hurt to ask.

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Terra

I just compared the online calforex order to your door rate and it's almost as good as the online CIBC rate (looking at US and Mxn).

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Sam

Well Canex Forex is the winner. Tried 500 US at AMA WANTED 690 Can. Cibc deliver to door 500 US is 685 Can. And Canex Forex wins at 677 Can for 500 US.

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H.

If you're going to Vegas the bigger casinos usually have very good rates.

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Brad

Casino rates are bad remember you are paying the inverse rate.

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Patty

I've used International Currency Exchange (ICE) at Market Mall but they have other locations. You can order your money online a day ahead and there are no service charges.

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Tracy

Fridays are apparently the best day to buy.

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Bob

We were just there a few months back. I stayed at the Tropicana then the Gold Coast and got the best exchange rate at the Gold Coast. At that time they gave me 1% more than BMO up here was willing to hand over! FYI though, went next door to the RIO and they were the worst and offered 5% less than the Gold Coast. Got 68 cents on the dollar at Gold Coast and only 63 cents at Rio.


A.I. says...

AI Profile Pic

Where to Buy US Dollars for the Best Rate

Introduction

If you're planning a trip to Las Vegas, you'll need to exchange your Canadian dollars for US dollars. There are a few different places you can do this, but not all of them offer the same rates. In this blog post, we'll compare the rates at banks, currency exchange kiosks, and online currency exchange services to help you find the best place to buy US dollars.

Banks

Banks typically offer competitive rates on currency exchange, but they may also charge a fee for the transaction. The fee will vary depending on the bank and the amount of money you're exchanging. It's important to compare the rates and fees at different banks before you decide where to exchange your money.

Currency Exchange Kiosks

Currency exchange kiosks are located in many tourist areas, such as airports and shopping malls. They offer convenient and quick service, but they may charge higher rates than banks. It's important to compare the rates at different kiosks before you decide where to exchange your money.

Online Currency Exchange Services

Online currency exchange services allow you to exchange your money online and have it delivered to your home or office. They typically offer competitive rates and low fees, but they may take a few days to process your transaction. It's important to compare the rates and fees at different online currency exchange services before you decide where to exchange your money.

Best Day of the Week to Buy US Dollars

The best day of the week to buy US dollars is typically Tuesday. This is because the foreign exchange market is closed on weekends, and the rates tend to be more favorable on Tuesdays. However, there is no guarantee that the rates will be better on Tuesday, so it's important to compare the rates on different days before you decide when to exchange your money.

Conclusion

There are a few different places you can buy US dollars, but not all of them offer the same rates. It's important to compare the rates and fees at different banks, currency exchange kiosks, and online currency exchange services before you decide where to exchange your money. The best day of the week to buy US dollars is typically Tuesday, but there is no guarantee that the rates will be better on that day.

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