Best places for currency exchange in Ottawa |

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Where to exchange currency in Ottawa

Get the best deal on Canadian cash in the country's capital.

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Use a money transfer provider to order Canadian dollars now, or pick out the currency exchange you’ll use in Ottawa to save time later. Either way, sorting out your currency plans can free up more time to visit the Rideau Canal, explore Parliament Hill or to sample some delicacies in Byward Market.

Where can I exchange my money in Ottawa?

Ultimate Currency Exchange logo

1. Ultimate Currency Exchange

There are a few branches in Ottawa, including on Carling Avenue and Sparks St. You can use their online currency calculator to figure out the rates, and most locations are open for business six days a week.

International Currency Exchange logo

2. International Currency Exchange

You’ll be able to find this exchange store in Place d’Orléans, St. Laurent Centre and the international airport. You can order your currencies online and pick them up seven days a week.

Currency exchange

3. Ottawa Foreign Currency Exchange

You can find Ottawa Foreign Currency Exchanges on Bank Street in Alta Vista and in Billings Bridge Plaza. It’s open for business on weekdays and Saturdays, and you can pay with cash or debit card in store.

Tips for getting the best deal when exchanging money

  • Shop online for the best deals. It pays to compare services before you head to your nearest exchange agent. Most places have online currency calculators that you can use to price match, or even order your currency ahead of time.
  • Know the mid-market rate. If you check the mid-market rate on Google or Reuters before you start shopping, then you’ll know how big a margin each company is charging.
  • Avoid paying with your debit or credit card. Always use cash or a bank transfer to pay for foreign currencies to save money on hidden fees and charges.
  • Don’t use ATMs. These are largely overpriced and can end up costing you a bundle in hidden fees and poor exchange rates.
  • Stay away from airport vendors. You’ll often get better prices on foreign currencies if you buy currency ahead of time at home or head into the city center before you make your exchange.

Compare money transfer services

Similar to foreign currency exchange, an international money transfer lets you send local currency to a loved one overseas.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 1.253 CAD 6,264 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 1.253 CAD 6,264 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Go to site Show details
USD 1 Same day USD 0.00 1.26 CAD 6,299 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$1 1 - 2 days USD 40.00 1.265 CAD
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
$1 Within an hour USD 3.99 1.26 CAD 6,295 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Bottom line

If you need to exchange money in Ottawa, head to an exchange company in the city for the best rates. And if you need to send money to someone in Ottawa but you’d rather not make the trip, use an international money transfer provider to get the best deal.

Picture: Shutterstock

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