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Spend more time exploring Edmonton and less time searching for ATMs. Exchanging cash at a currency office or, even better, before your trip is key to seeing more sights like the Muttart Conservatory or TELUS World of Science. Make a plan to secure Canadian dollars now so you can focus on the fun part of your trip.
Where can I exchange my money in Edmonton?
1. Calforex
You can find Calforex branches in South Edmonton and West Edmonton Mall. It’s open seven days a week and has over 100 currencies in stock.
2. International Currency Exchange
ICE is conveniently located at Edmonton City Centre and the international airport. You can order your cash online and pick it up seven days a week.
3. Unimoni Exchange
Located off Calgary Trail South near Whitemud Drive, Unimoni is open six days a week and you can pay with cash or debit card on site. If you want to learn more about Unimoni, check out our full review.
Tips for getting the best deal when exchanging money
Do a quick comparison. Most foreign exchange vendors have online calculators that you can use to find the best deal.
Know the interbank rate. Look for the interbank rate, also known as the mid-market rate, on Google or Reuters before you start shopping. This will let you know how wide a margin each company is charging.
Opt for cash over card. Your bank might ding you with hidden charges and fees on the other end.
Avoid ATMs. ATMs are run by banks who are notorious for offering dismal exchange rates. Visit a reputable foreign exchange service to save money on your next transaction.
Don’t exchange at the airport. Buy your currency before you leave or wait until you head into the city center to avoid high airport rates.
Compare money transfer services
If your money needs to get to Edmonton without you, use one of these international money transfer providers for the best deal.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Bottom line
If you’re heading to Edmonton and need cash, research ahead of time to get the best deal on the exchange. And if your money needs to get there without you, compare money transfer providers to find the best exchange rate.
Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, along with an Associate's Degree in Science from Camosun College. Much of Claire's coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. She has also worked extensively in the field of "Blended Finance" with the Canadian government. In her spare time, Claire loves rock climbing, travelling and drinking inordinate amounts of coffee.
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