Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure
Best places to exchange currency in Toronto
Get the best deal on cash for your trip to Canada's biggest city.
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
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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
Crypto.com NFT Marketplace Review and Guide
Crypto.com NFT marketplace stands out as a beginner-friendly NFT marketplace that can be accessed by almost everyone in the world.
eBay NFTs review and guide
A deep dive into eBay’s foray into the NFT ecosystem, looking at everything from available categories to potential drawbacks.
Binance NFT Marketplace Review and Guide
The Binance NFT Marketplace offers one of the safest NFT marketplaces for creating, buying and selling NFTs.
Best Dogecoin wallets (DOGE)
Looking for the best Dogecoin wallet? Here are the five best options for storing your Doge
How to buy Solana (SOL) with Credit Card
Your step-by-step guide to buying Solana with a credit card.
How to buy Litecoin (LTC) with a credit card
Learn how to buy Litecoin (LTC) with a credit card by following our step-by-step guide. Get started today.
A beginner’s guide to cryptocurrency ETFs
If you’re looking for ways to gain exposure to bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
How to buy Litecoin with PayPal in the US
Litecoin is one of four cryptocurrencies now offered by the global payments provider PayPal. Find out how to buy and sell Litecoin as well as the transaction fees involved when purchasing this cryptocurrency.
How to buy Ethereum with PayPal in the US
Find out how to purchase Ether with Paypal.
Axos Invest Self-Directed Trading review
Features and fees to consider before you sign up for an Axos Invest account.