Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Best places to exchange currency in Toronto
Get the best deal on cash for your trip to Canada's biggest city.
Updated . What changed?
Seeing the sights in Toronto shouldn’t be interrupted by having to visit ATMs to snag some cash. Instead, visit a currency exchange office or order Canadian dollars ahead of time so you can spend more time at the CN Tower or enjoying delicacies at the St. Lawrence Market.
Where can I exchange my money in Toronto?
Located just north of the Entertainment District in downtown Old Toronto, this money changer has over 100 currencies for sale. Or, order cash online for pickup later. It’s open seven days a week and also offers a currency buyback program.
2. Wall Street Finance
You’ll find this exchange store on Yonge Street in the heart of downtown, open six days a week. Exchange currencies for more than 50 countries and pay with cash or debit card in store.
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, AKA the interbank 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 exchange 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.
If you’re heading to Toronto, save money by picking up Canadian dollars at an exchange company with competitive rates. And if you’re staying home and simply sending funds to Canada, compare money transfer companies to find the best deal.
More guides on Finder
Best credit cards for rewards in 2021
Take advantage of miles, points and perks with a card that best fits your lifestyle.
Best balance transfer credit cards of 2021
Here are our top balance transfer picks for 2021.
Best business credit cards for 2021
Here are our top picks for 2021.
What are the best stocks of 2021?
Our algorithm selected 20 Aussie stocks worth watching in 2021.
Sigue international money transfers review
Sigue offers speedy money transfers to 50+ countries, but you have to set up a transfer to see the transaction fees.
NAS drive buying guide
Find the right network attached storage device for your home with this detailed NAS drive buyer’s guide.
Best secured credit cards of 2021
Our top picks can help you build your credit without paying sky-high fees.
Best student credit cards
Our top picks for cards across 7 student categories, including international students, first-time cardholders and cashback.
Boss Revolution money transfer review
Join Boss Revolution with an email address and phone number, and send money within minutes.
Best cashback credit cards
The top cards often have cashback rewards of 5% or more. But which one is the best for you depends on how you spend.