Toronto Canada

Best places to exchange currency in Toronto

Find the best deal on foreign currency exchange in Toronto.

Whether you’re hiking up the CN Tower, exploring the seasonal gardens of Casa Loma or sampling some local delicacies at the world-renowned St. Lawrence Market – chances are you’re going to need some cash for your stay in Toronto.

So which foreign currency exchange is the best fit for you?

Who can change my money in Toronto?

Calforex logo

1. Calforex

Located just north of the Entertainment District in downtown Old Toronto, this money changer has over 100 currencies for sale. You can also order cash online to be picked up later. It’s open seven days a week and also offers a currency buy-back program.

Wall Street Finance logo

2. Wall Street Finance

You can find this exchange store on Yonge Street in the heart of downtown, open six days a week. You can exchange currencies for more than 50 countries and pay with cash or debit card in-store.

Kantor Currency Exchange logo

3. Kantor Currency Exchange

Kantor’s Toronto Branch can be found on Runnymede Road, close to the metro station. It sells more than 70 currencies and is open all week, except for Sundays.

Tips for getting the best deal when exchanging money

  • Shop around. It pays to compare your options before you head out the door. Call three to four businesses for quotes or check their rates online to make sure you’re getting the best deal.
  • Know the interbank rate. Use Google or Reuters to check the mid-market rate, which is the rate that the banks trade at. Steer clear of companies that aren’t charging something similar.
  • Opt to pay with cash or bank transfer. Avoid paying with card when you buy foreign currencies. Your bank might ding you for a cash advance, which could cost you 2% to 5% more on your next bank statement.
  • Avoid ATMs. ATMs charge fees outright and behind-the-scenes, so can end up costing you a lot. It pays to do your homework and find a decent kiosk to change your money.
  • Don’t exchange money at the airport. This is a big no-no. If you need cash before you hit the airport, plan ahead by pre-buying currency at home to avoid high prices.

Compare money transfer services

Similar to foreign currency exchange, an international money transfer is one possible way to send local currency to a loved one overseas. Our table below lets you compare fees and exchange rates for reputable money transfer specialists operating out of Canada.

I want to send


Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 0 Within an hour CAD 0.00 0.742 USD
Use code FINDERCA and pay zero fees on your first transfer. Conditions apply.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Go to site Show details
CAD 1 1 - 2 days CAD 45.00 0.745 USD
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
CAD 250 1 day CAD 0.00 0.743 USD
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details
USD 150 1 day CAD 0.00 0.742 USD
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Go to site Show details
CAD 0 1 day CAD 0.00 0.741 USD
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
EUR 3 1 - 2 days EUR 3.00 0.739 USD
Go to site Show details
USD 150 1 day CAD 0.00 0.742 USD
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies.
Go to site Show details
CAD 7,000 1 day CAD 0.00 0.736 USD
Venstar Exchange offers competitive exchange rates and zero fees on large transfers over US$10,000. Go to site Show details
GBP 5,000 1 - 2 days CAD 0.00 0.741 USD
Only suited to transfers above £5000 or your currency equivalent. Ideal for large transfers and business transfers. Go to site Show details
CAD 1 Same day GBP 4.00 0.742 USD
Go to site Show details
GBP 10,000 1 day CAD 0.00 0.733 USD
Hawk FX offers competitive exchange rates on larger transfers and a dedicated, one-on-one account manager. Go to site Show details

Compare up to 4 providers

The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Picture: Shutterstock

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