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What's the best place to exchange for US$ downtown?
Going to the states next week. I'm looking to get a couple hundred dollars in USD. I usually just to to the bank and get a couple traveler's cheques. But I've been told you get a much better rate at the specialty exchange shops.
I'll need $500US max. Not sure if it'll make a huge difference.
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Calforex on Stephen Ave.
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How much better is the rate?
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yeah your best bet is one of those specialty exchange places, banks usually have one of the highest fees for currency exchange
Registered User
They can give you rates over the phone.Originally posted by Manhattan
How much better is the rate?
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I just checked on BMO investor line. $564.50 CDN to buy 500US @ 1.129. What a rip off!
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Do these specialty exchange places do money orders?
Four wheels move the body, two wheels move the soul.
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Calforex
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calforex is brutal, don't go there
Destroying anti-US trolls and idiots like broken_legs since 2009.
Dallas, Texas
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I was thinking of going to Calforex. Why do you say it is brutal?
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Calforex gave me ~$0.005 better than HSBC when I exchanged CAD to USD back in Feb.
I do recall they charged a service fee though, after which I still did better than the bank rate. But I exchanged more than $500... call them first.
Last edited by Strider; 04-23-2010 at 03:13 PM.
Originally posted by max_boost
Hey baller, any problem money can solve is no problem at all. Don't sweat it.
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I used to work for Calforex
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Picked up $500US at Calforex for $508.70.
Checked with BMO right before and it was $515. Or $513 if you set up a US dollar account which is free. Luckily, the lady at BMO gave me a 'waive service charge' for Calforex which I believe is around $6 bucks.
Works out to be 1.0174 at Calforex. 1.03 at BMO.
Registered User
I called Calforex last year to exchange CDN for HK Dollars and their rate was worse then my bank (TD CanadaTrust). I just exchanged US money at TD. I exchanged it when the dollar was trading at .984 ($275 USD cost me $286.41 CDN). If I had exchanged it when the dollar was trading at 1.004, $280 USD would've cost me $286.61 CDN which isn't bad at all in my opinion.
Registered User
Wow. That's really good!Originally posted by Manhattan
Picked up $500US at Calforex for $508.70.
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I think exchange rate is going to get even better in the summer. Par isn't bad though considering how low it is historically.
Registered User
Albern Coins? Although they're not really downtown (centre and 16th)
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