Exchange rates in Toronto

Planning a trip to Toronto and need to exchange currency? Toronto offers a variety of money exchange options to ensure you get the best rates. Whether you're arriving at Toronto Pearson International Airport, exploring downtown attractions, or visiting major shopping centers, there are numerous currency exchange services available to meet your needs.

Currency Exchange at Toronto Pearson International Airport

If you're arriving via Toronto Pearson International Airport, you'll find several currency exchange kiosks conveniently located within the terminals. The International Currency Exchange (ICE) booths are situated in both Terminal 1 and Terminal 3, offering a range of services to travelers. While exchanging currency at the airport is convenient, it's important to note that rates may not be as favorable as those found in the city.

Downtown Toronto Currency Exchange Options

Downtown Toronto boasts a variety of currency exchange services offering competitive rates:

• Interchange Financial: Located at 20 Dundas Street West, near Yonge and Dundas, this exchange offers a range of services, including cash exchange and wire transfers.

• Calforex Currency Exchange: Situated within the CF Toronto Eaton Centre at the Queen Street entrance, Calforex provides a convenient downtown location with competitive rates.

• Knightsbridge Foreign Exchange: Known for offering some of the best exchange rates in Toronto, Knightsbridge is located at First Canadian Place, 100 King St W #5700.

Currency Exchange Services in Toronto's Shopping Centers

Toronto's major shopping centers also house currency exchange services:

• Yorkdale Shopping Centre: Home to Continental Currency Exchange, located near the northeast entrance under the escalators, across from the Indigo bookstore.

• Scarborough Town Centre: Offers multiple currency exchange options for shoppers in the eastern part of the city.

• Dufferin Mall: Provides convenient currency exchange services for those in the west end.

Tips for Getting the Best Exchange Rates in Toronto

To ensure you receive the most favorable rates when exchanging currency in Toronto:

1. Compare Rates: Different currency exchange providers offer varying rates. It's advisable to compare rates from multiple sources before making a transaction.

2. Avoid Airport Exchanges for Large Sums: While convenient, airport currency exchange kiosks often offer less favorable rates. Consider exchanging only a small amount at the airport and conducting larger transactions in the city.

3. Plan Ahead: Exchange rates fluctuate. Monitoring rates over a period can help you identify the best time to exchange your money.

4. Be Aware of Fees: Some currency exchange services may charge additional fees or offer lower rates. Always inquire about any potential charges before proceeding.

By exploring these currency exchange options and following these tips, you can ensure a seamless financial experience during your visit to Toronto. Whether you're exploring the city's iconic landmarks like the CN Tower, shopping at the Eaton Centre, or catching a train at Union Station, Toronto offers a multitude of services to meet your foreign exchange needs.