Exchanging USD/CAD at Home 24/7
Fund available As Soon As 24 Hours
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4841 Yonge St. Unit 237D
Mon. - Wed. 9:30am - 6:00pm
Thu. - Fri. 9:30am - 7pm
Sat. 10am - 4pm
Sun. 11am - 3pm
Foreign Currency Cash Available
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47,000+ Customers
200,000+ Transactions
300 Million+ Exchanged
Branch Information
Monday - Friday: 9:30 am - 6:00 pm
Saturday: 10:00 am - 4:00 pm
Sunday: 11:00am - 3:00 pm
yonge.sheppard@currencymart.net
Today's Forex News
USD/CAD falls to near 1.3650 due to improved risk appetite, improved WTI price
USD/CAD has extended losses for the second successive session, trading around 1.3640 during the Asian hours on Wednesday. The decline of the pair could be attributed to the weaker US Dollar (USD) as investors digested higher-than-expected US Producer Price Index data for April while awaiting the Consumer Price Index report scheduled for Wednesday.FX Street2024-05-15Pound Canadian Dollar Muted despite Lacklustre UK Unemployment
At the time of writing GBP/CAD traded at around CA$1.7148, virtually unchanged from Monday's opening rate. The Pound (GBP) drifted lower against the majority of its peers on Tuesday as it was undermined by the release of the UK's latest jobs report.ExchangeRates2024-05-15Additional News:
Too Far from You?
Travel to Winnipeg?
Currency Exchange Near Me
Chart below shows a list of currency exchange me when you are at near major interactions of Toronto.
- Currency Mart @ York & Adelaide
- EbixCash @ Yonge & Adelaide
- Calforex @ Yonge & Queen
- TD Foreign Exchange Centre @ Bay & King
- TD Foreign Exchange Centre @ Yonge & Eglinton
- Net Exchange @ York & Queen Quay Way
- NHVN Currency Exchange @ Spadina & Sullivan
- Interchange Financial @ Yonge & Dundas
- College Currency Investments @ Yonge & College
- York Exchange @ Yonge & Bloor
- Currency Mart @ Yonge & Sheppard
- Interchange Financial @ Yonge & Finch
- New York Exchange @ Yonge & Clark
- Interchange Financial @ Yonge & Queen Quay Way
Payments Accepted
How We Pay Customers
Parking Instruction
Parking is $4 for 30 minutes. We are at L1 level
Parking Entrance at Doris & Greenfield
Foreign Exchange Reference
Currency Exchange
Currency exchange is changing one currency to another for the purpose of travel, purchase or investment. According to a study of Bank for International Settlements, daily average was more than $6 trillion trading volume. Currency Mart acts as a counter-party to an off-exchange or an over-the-counter forex transaction of cash, financial instruments, futures contracts, options on futures contracts. Currency exchange is a decentralized market and operates 24 hours per day around the globe. London, New York and Tokyo are the three major currency exchange markets and followed by cities of Hong Kong and Singapore. Decentralized market means each currency exchange broker offers its own buy in and sell out exchange rates. The rates are determined based on the demand, inventory and supply of the particular dealer and also the interbank rates at that moment. That is why exchange rates at the same moment are similar, but different broker to broker.
Currency Exchange Market of Canada
Annually, about $600 billion Canadian dollars exchanged to other currencies, over 50% is changed to US dollar and Euro dollar is the second most wanted currency. RBC is the major player in Canadian foreign exchange market. With the other four major banks, banks count 90% of market transaction volume. In addition to banks, large corporations who deal with petroleum or grains conduct massive amount of foreign exchange transactions. Licensed brokers who serve retail clients and small businesses fill up the rest of market gap.
Currency Exchange Market of Markham
Since the city of Markham lacks the headquarters of a nationwide company, the customers of currency exchange business are local residents, small businesses and tourists.
- Local Residents
- Small Businesses
- Tourists
In Ontario, about 60% local residents are new immigrants of recent 20 years. Same figure applied to Markham too. In addition, Markham attracts more and more new immigrants every year due to the geological location and affordable housing. These new immigrant and international students bring a huge amount of capital which needs to be converted to Canadian currency.
Logistics business and restaurants are 2 major customers of currency exchange business in Markham. These 2 businesses either have customers in the United States or import goods from the United States.
Toronto Pearson Airport is located in Markham and the hotels surrounding the airport make Markham the perfect choice for tourists to stay.
Exchange Amount in Markham
The exchange amounts from a few hundreds by tourists up to 100k by small business.
Currencies Involved in Markham
- USD
- EUR
- INR
Major Currency Exchange Businesses
- International Foreign Exchange
- Continental Foreign Exchange
- Kantor Foreign Exchange
Currency Exchange Rate
Exchange rate is updated every 5 minutes, 24 hours a day, 7 days per week. Each exchange rate comes with 2 expressions, which express the same rate in 2 different ways. Each expression is 4 digits accuracy.
USD CAD
USD CAD exchange is the most important trading currency pair in Canada. The particular currency pair can count up to 50% of transaction volumn for a Canadian currency exchange broker. For some province, the precentage is even higher. Currency Mart as a currency exchange dealer, we always keep USD currency in stock for customers demand.
Currency Exchange Markham
Where is it best to exchange money?
A reputable currency exchange dealer is your best choice to exchange money, except those foreign exchange dealers in airports, hotel front desks and tourist hotspots.
Firstly these foreign exchange experts offer exchange rates better than banks. For a small amount exchange, not too much difference, but if the exchange amount is over thousand, the savings is more significant.
Secondly, these foreign exchange dealers keep foreign cash in stock, so customers can have foreign cash for travel right the way. On the other hand, banks and credit unions do not keep foreign cash in each branch, and take about 3 to 5 business days to bring foreign cash in.
Finally, most foreign exchange dealers take care of your leftover foreign cash by purchasing them back at the same rate as the dealers sold to you. This policy can save customers about 10% currency exchange loss.
Is it better to exchange money at a bank or currency exchange?
Exchanging money at the bank is the option for a convenient and fair price.
Exchanging money at currency exchange is aiming for a better exchange rate. Please make sure you compare the exchange rate dealer by dealer before you conduct the exchange.
How much money do you lose when you exchange currency?
A currency exchange transaction can lose as little as 0.2% or as much as 4%, pending on the exchange amount.
For transaction amounts over $100,000, it is possible for customers to get an exchange rate as good as 0.2% spread. Oppositely, a $100 dollar exchange can cost customers about 4% of the exchange amount.