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2016
12
June
What's the best way to exchange Canadian currency to US dollars?

Question:

Profile picture of Lisa

Lisa

Hi everyone, any advice on best ways to exchange Canadian currency to US? Bank? or any certain currency exchange locations?
Thanks!

Humans say...

Profile picture of Sharron

Sharron

Sometimes better off to use ATM card in US to withdraw cash .

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Lauren

You usually get the best rate through your bank.
Call your bank and see which banks in Canada they have partnerships with because if you needs a pullout more money you can save a lot by using a preferred bank.
I also suggest calling your credit cards and seen what they charge for foreign-currency in case you need to use a credit card in a pinch you know which one has the best rates associated with foreign currency.

Profile picture of Janine

Janine

Bank rates are terrible compared to vbce and places like Charlie's or Happy Currency. RBC's rate today is 1.3066 vs vbce's rate of 1.285.

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Lauren

Sorry I miss read I thought they were coming from the US to CA.
But it depends on the bank and the checking account you have. RBC has a premier transfer rate on some accounts.

Profile picture of Janine

Janine

Happy Currency will match vbce's rates too. Best rate though is with a chase credit card - practically zero markup. Amazon offers one with no annual fee.

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Rachel

Vancouver Bullion is my go to place.

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Andre

Charlie's Currency Exchange. Better rates than vbce every time. No fees.

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Karen

I check the rates of at least 3 places before making the exchange.

Profile picture of Aaron

Aaron

Charlie's currency exchange on Granville is good too.

Profile picture of Amie

Amie

If you are with coast capital they will match any posted rate. vbce is better rates than most banks etc but bad location. got ticket for parking in back but like I said coast will match rates

Profile picture of Patrick

Patrick

There are a few locations... downtown, Granville Street, and Richmond... as far as I know.

Profile picture of Amanda

Amanda

*

Profile picture of Cynthia

Cynthia

BC Currency Exchange is located in Surrey, White Rock, and Abbotsford and it has the same rates as VCBE.

Profile picture of Lisa

Lisa

Thanks everyone!

Profile picture of Michelle

Michelle

We found CIBC online money exchange to have the best prices if you are a member

Profile picture of Dana

Dana

mycurrencybuddy.com - it's great for the lower mainland!

Profile picture of Joyce

Joyce

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A.I. says...

AI Profile Pic

Best Ways to Exchange Canadian Currency to US

There are a few different ways to exchange Canadian currency to US, and the best method for you will depend on your individual circumstances. Here are a few of the most common options:

  1. Banks
  2. Banks typically offer competitive exchange rates, but they may charge a fee for the transaction. You can exchange currency at any bank branch, but it's a good idea to call ahead to confirm the rates and fees.

  3. Currency exchange services
  4. Currency exchange services are businesses that specialize in exchanging currency. They typically offer lower exchange rates than banks, but they may charge a higher fee. You can find currency exchange services in most major cities.

  5. Online currency exchange services
  6. Online currency exchange services allow you to exchange currency online. They typically offer the most competitive exchange rates, but they may charge a fee for the transaction. You can find online currency exchange services by searching online.

Here are a few tips for getting the best exchange rate:

* Compare rates from different providers before you exchange your currency.
* Exchange larger amounts of currency at a time.
* Avoid exchanging currency at airports or hotels, as they typically offer the worst exchange rates.

I hope this helps!









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