Custom House Currency Exchange Winnipeg


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47,000+ Customers

200,000+ Transactions

300 Million+ Exchanged



Since 2012

License: M11432814


Branch Information


 

Monday - Friday: 9:00 am - 4:00 pm

 

Saturday & Sunday: Closed

 

downtown@currencymart.net

Today's Forex News

Technical Analysis – USDCAD advances within trading range

According to technical oscillators, the stochastic oscillator is pointing upward in the overbought region, while the RSI is rising, crossing above the neutral threshold of 50.XM2024-07-19

Additional News:


Payments Accepted


Cash
Debit Card
E-transfer
Wire Transfer
Bill Payment (RBC,BMO & Credit Unions Only)

How We Pay Customers

Cash
E-transfer (CAD only)
CAD or USD cheque
CAD or USD wire transfer ($35/wire)
CAD or USD direct deposit (arrive next business day)

Walking & Driving Directions


The Tim Hortons at the corner of Fort St. and Graham Ave. has a hallway which is connect to the lobby of the building, then take the stairs to the second floor. We are 2 stores to your left.


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.

Canadian Currency Exchange Market

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.

Winnipeg Currency Exchange Market

The demand of currency exchange in Winnipeg is mainly from agricultural actives, because most farmers sell their grains to United States and get payment by us dollars. In addition, purchasing property, vehicle, pay tuition and travel expense are supplements of the currency exchange market in Winnipeg. In fact, the amount of exchanging USD to CAD is much more than exchanging CAD to USD.

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 volume for a Canadian currency exchange broker. For some province, the percentage is even higher. Currency Mart as a currency exchange dealer, we always keep USD currency in stock for customers demand.

About Custom House- FAQ

Custom House is a Canadian foreign exchange and money transfers company based in Victoria, British Columbia. It was acquired by Western Union in 2009 and now forms part of that company's "Western Union Business Solutions" division. The company was founded in 1992 as a small tourist currency exchange kiosk titled "Custom House Currency Exchange" in Victoria's old waterfront customs house. In 1993, the company opened its first corporate foreign exchange office. After expanding in Canada, it began its US operations in 1997 and an Australian operations in 2000. The company was later renamed "Custom House Global Foreign Exchange", then renamed again to "Custom House". It provided small businesses and individuals with services that included wire transfers, foreign currency drafts, and forward exchange contracts.

Custom House Winnipeg Branch was located at 243 Portage Ave., Winnipeg downtown. In 2009, Western Union bought the company for $370 million USD. Custom House continues to operate in Canada as a wholly owned subsidiary, doing business as Western Union Business Solutions. The owner of Custom House, Peter Gustavson, was from Winnipeg and move to Victoria. In 2012, Western Union sold Custom House Winnipeg Branch to ICE, International Currency Exchange.

Historical Forex News

USD/CAD depreciates to near 1.3650 due to dovish sentiment surrounding the Fed

USD/CAD retraces its recent gains from the previous session, trading around 1.3670 during the European session on Thursday. This downside is attributed to growing expectations of the Federal Reserve (Fed) reducing interest rates in September.FX Street2024-07-18

Pound Canadian Dollar (GBP/CAD) Extends Multi-Year Gains

At the time of writing, GBP/CAD is trading at C$1.7806, having climbed by 0.4% in the past 24 hours. The Pound (GBP) trended higher against its peers midweek, propelled upwards by higher-than-expected inflation data which forced markets to reconsider the likelihood of an interest rate cut from the Bank of England in August.ExchangeRates2024-07-18

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Rebounds From Multi-Week Lows

EUR/USD is moving lower as traders react to ECB Interest Rate Decision.FXEmpire2024-07-18

USD/CAD is little changed on the session – Scotiabank

The Canadian Dollar (CAD) is little changed on the session, leaving it as a marginal outperformer alongside the Australian Dollar (AUD) on a day where the US Dollar (USD) is trading a little higher overall, Scotiabank's chief FX strategist Shaun Osborne notes.FX Street2024-07-18

Technical Analysis – Is AUDCAD ready to extend its uptrend?

AUDCAD rebounded today from slightly above the support of 0.9270, marked by the low of July 9 and the inside swing high of June 12. Overall, the pair is printing higher highs and higher lows above all three of the plotted exponential moving averages (EMAs) on the daily chart, which paints a positive medium-term picture.XM2024-07-18

USD/CAD holds ground above 1.3650 as Oil prices decline

USD/CAD retraces its recent losses from the previous session, trading around 1.3680 during the early European hours on Wednesday. Lower crude Oil prices put pressure on the commodity-linked Canadian Dollar (CAD).FX Street2024-07-17

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Rate Cut Bets Grow

Traders stay bearish on U.S. dollar as they prepare for the start of the Fed rate cut cycle.FXEmpire2024-07-17

USD/CAD remains subdued below 1.3700 amid weak US Dollar

The USD/CAD pair exhibits a subdued performance below the round-level resistance of 1.3700 in Wednesday's New York session. The Loonie asset remains under pressure as the US Dollar (USD) has fallen on the backfoot.FX Street2024-07-17

USD/CAD: A bearish “shooting star” on the daily chart – Scotiabank

The Canadian Dollar (CAD) is a little firmer this morning but barely so. The CAD is a relative underperformer on a day of broad US Dollar (USD) softness, with the MXN losing ground, amid focus on Trump's support for wide-ranging tariffs in his Bloomberg interview, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-07-17

EUR/CAD Price Forecast: Bullish continuation pattern forming

EUR/CAD is rising strongly as diverging interest-rate expectations favor the Euro (EUR) over the Canadian Dollar (CAD). FX Street2024-07-17

USD/CAD: To face a deeper pullback below 1.3580 – Societe Generale

The USD/CAD pair looks poised to inch higher towards descending trend line drawn since April near 1.3755, Societe Generale FX analysts note.FX Street2024-07-16

USD/CAD rises to near 1.3700 due to lower Oil prices

USD/CAD continues its winning streak for the fourth successive session, trading around 1.3690 during the European hours on Tuesday. The commodity-linked Canadian Dollar (CAD) faces challenges due to declining Oil prices.FX Street2024-07-16

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Higher After Retail Sales Report

The pullback in Treasury yields did not put pressure on the American currency.FXEmpire2024-07-16

USD/CAD Steady After Canadian CPI, US Retail Sales

The Canadian dollar is showing limited movement on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.03% on the day at the time of writing.Action Forex2024-07-16

USD/CAD: Firm support is at 1.3595/00 – Scotiabank

Focus for the Canadian Dollar (CAD) this morning falls squarely on inflation. Canada reports June CPI at 8.30ET, Scotiabank's Chief FX Strategist Shaun Osborne.FX Street2024-07-16

USD/CAD Price Analysis: Rising within range as Canadian Dollar weakens

USD/CAD looks to be starting a leg higher within a range that began unfolding in May. FX Street2024-07-16

USD/CAD holds positive ground above 1.3650 as risk aversion boosts the US Dollar

USD/CAD holds positive ground above 1.3650 as risk aversion boosts the US DollarFX Street2024-07-15

USD/CAD Price Analysis: Gives up intraday gains and turns negative as US Dollar retreats

The USD/CAD pair faces severe selling pressure in an attempt to extend recovery above 1.3660 and turns negative in Monday's European session. The Loonie asset weakens as the US Dollar (USD) surrenders its gains, which were driven by improved speculation that Donald Trump will win the United States (US) Presidential elections later this year.FX Street2024-07-15

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Some Ground At The Start Of The Week

The American currency is trying to rebound after the recent pullback.FXEmpire2024-07-15

USD/CAD: Trades little changed on the day – Scotiabank

The Canadian Dollar (CAD) eased in early Asian trade but has recovered to trade little changed on the day. It's a busy week for Canadian data reports, Scotiabank's chief FX strategist Shaun Osborne notes.FX Street2024-07-15

Pound Canadian Dollar Week Ahead Forecast: GBP/CAD Peaks at 41-Month Best

At the time of writing, GBP/CAD is trading at C$1.7691, having climbed by almost 1.4% over the course of the week. Canadian Dollar (CAD) Pressured as US Dollar Plummets The Canadian Dollar fell against several of its peers last week, as US Dollar weakness dragged ‘Loonie' sentiment lower.ExchangeRates2024-07-15

Canadian Dollar Forecast: USD/CAD Rebound Emerges Ahead of Canada CPI

USD/CAD may retrace the decline from the monthly high (1.3755) as it breaks above the range bound price action from last week.Forexcom2024-07-15

USD/CAD falls toward 1.3600 due to higher Oil prices

USD/CAD retraces its gains from the previous session, trading around 1.3620 during the European hours on Friday. The commodity-linked Canadian Dollar (CAD) finds support from the higher crude Oil prices, given the fact Canada is the biggest Oil exporter to the United States (US).FX Street2024-07-12

Technical Analysis – USDCAD trades sideways as 200-SMA provides support

USDCAD had been hovering around its 50-day simple moving average (SMA) for the past two months, appearing incapable of clearing this hurdle. This repeated inability triggered a decisive break below the 50-day SMA on July 3, with the pair trading undecided since then, supported by the 200-day SMA.XM2024-07-12

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Traders React To PPI Data

Higher-than-expected PPI and Core PPI reports did not provide any support to the American currency.FXEmpire2024-07-12

USD/CAD remains sideways above 1.3600 even though US PPI rise strongly

The USD/CAD pair doesn't move much from its current range above 1.3600 in Friday's American session even though the United States (US) Bureau of Labor Statistics (BLS) has reported that the producer inflation rose at a faster-than-expected pace in June.FX Street2024-07-12

USD/CAD Price Outlook: 200-day MA Holds Ahead of US CPI Release

USD/CAD has been confined to a 50-pip range since July 4, reflecting the historical price action and recent consolidation of the US Dollar Index.Action Forex2024-07-11

USD/CAD Price Analysis: Trades in tight range above 1.3600 ahead of US Inflation

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3600 in Thursday's European session. The Loonie asset turns sideways as investors await the United States (US) consumer inflation data for June, which will be published at 12:30 GMT.FX Street2024-07-11

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Inflation Rate Drops To 3%

Forex traders prepare for rate cuts as U.S. inflation missed analyst estimates.FXEmpire2024-07-11

USD/CAD holds ground around 1.3650 due to lower Oil prices, hawkish Fed

USD/CAD holds its gains, trading around 1.3640 during the early European hours on Wednesday. The weakening of the commodity-linked Canadian Dollar (CAD) could be attributed to lower crude Oil prices, given the fact that Canada is the biggest Oil exporter to the United States (US).FX Street2024-07-10

Pound Canadian Dollar (GBP/CAD) Exchange Rate Flat amid Lack of Data

At the time of writing GBP/CAD traded at around CA$1.7458, virtually unchanged from Tuesday's opening rate. The Pound (GBP) treaded water against the majority of its peers on Tuesday amid an absence of any market moving data.ExchangeRates2024-07-10

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As Traders Focus On Powell

Forex traders stay cautious ahead of U.S. inflation data, which will be released tomorrow.FXEmpire2024-07-10

USD/CAD Price Analysis: Potentially beginning new leg higher within range

USD/CAD has been trading in a range since the start of May. At first it looked like the pair had formed a Symmetrical Triangle pattern but the pattern failed to evolve.FX Street2024-07-10

USD/CAD remains on the defensive near 1.3600 ahead of US CPI data

The USD/CAD pair remains under selling pressure near 1.3615 during the early Asian session on Thursday. Meanwhile, the USD Index (DXY) extends its consolidation above the 105.00 hurdle as traders await the key US inflation report.FX Street2024-07-10

USD/CAD: Cannot exclude a July BoC cut – ING

The latest hiring contraction and rise in unemployment to 6.2% in Canada has put a July Bank of Canada rate cut on the table, ING's FX analyst Francesco Pesole notes.FX Street2024-07-10

USD/CAD Price Analysis: The potential support level is located near 1.3600

The USD/CAD pair remains on the defensive around 1.3635 during the early European session on Tuesday. The Greenback weakens on the back of the potential September rate cut from the US Federal Reserve (Fed) after employment data last week indicated a cooling US labor market.FX Street2024-07-09

Pound Canadian Dollar News: GBP/CAD Steady following Speech by New UK Chancellor

At the time of writing the GBP/CAD exchange rate traded at CA$1.7492. Virtually unchanged from the start of the European trading session on Monday.ExchangeRates2024-07-09

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground After Powell's Testimony

Fed Chair Powell did not say anything new, but some traders are ready to bet on dollar's rebound after the recent pullback.FXEmpire2024-07-09

USD/CAD edges lower with the focus on events south of the border

USD/CAD edges higher on Tuesday, to trade in the 1.3640s, as it continues its broadly range-bound consolidative market mode of the last three-month period. Most of the emphasis is on the US Dollar side of the pair as traders await Federal Reserve (Fed) Chairman Jerome Powell's testimony to the Senate Banking Committee, whilst Canada sees no scheduled macroeconomic events until Building Permits are released on Friday.FX Street2024-07-09

USD/CAD remains below 1.3650 due to dovish sentiment surrounding the Fed

USD/CAD traces back its recent gains, trading around 1.3630 during the Asian session on Monday. This decline is attributed to the lower US Dollar (USD) following weaker-than-expected US employment growth data released on Friday.FX Street2024-07-08

Pound to Canadian Dollar Outlook: GBP/CAD Exchange Rate Extends Gains After UK Election

At the time of writing, GBP/CAD is trading at C$1.7458, having risen by almost a full percentage point over the past seven days. Pound (GBP) Trends Broadly Higher on UK Election Result The Pound (GBP) trended in a mixed range in the first half of last week against a range of its peers.ExchangeRates2024-07-08

USD/CAD steadies above 1.3600 as prospects of BoC's subsequent rate cuts improve

The USD/CAD pair holds ground above the crucial support of 1.3600 in Monday's European session. The Loonie asset trades in a tight range inside Friday's range, while the outlook remains uncertain as easing United States (US) labor market strength has increased investors' confidence for early rate cuts by the Federal Reserve (Fed).FX Street2024-07-08

USD/CAD falls toward 1.3600 ahead of employment data

USD/CAD extends its losing streak for the fourth successive session, trading around 1.3610 during the early European hours on Friday. This decline is attributed the weaker US Dollar (USD), which could be attributed to softer data from the United States (US) raising speculations of the Federal Reserve (Fed) reducing interest rates in 2024.FX Street2024-07-05

USD/CAD gyrates above 1.3600 after US/Canada Employment release

The USD/CAD pair exhibits wild moves above the round-level support of 1.3600 in Friday's American session. The Loonie asset turns volatile after the release of the United States/Canada Employment data for June.FX Street2024-07-05

Pound Canadian Dollar (GBP/CAD) Exchange Rate Climbs Following Trade Balance Data

At the time of writing, GBP/CAD is trading at C$1.7394, having climbed by more than 0.2% in the past 24 hours. The Pound firmed against several of its peers midweek, supported by subdued sentiment surrounding the Federal Reserve's monetary policy trajectory.ExchangeRates2024-07-04

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats In Quiet Trading

The American currency continues to move away from recent highs.FXEmpire2024-07-04

Technical Analysis - USDCAD slides towards the lower bound of a range

USDCAD came under selling interest this week, after hitting resistance near the 1.3750 zone, the upper bound of a sideways range, within which the pair has been mostly oscillating since April 10. The price is now approaching the lower boundary, which currently coincides with the 200-day exponential moving average (EMA).XM2024-07-04

USD/CAD Breaks Key Support

On 25 June, we noted that the USD/CAD price had approached a crucial support level—the lower boundary of a converging triangle, which indicated a relative balance of supply and demand in the market during May.Action Forex2024-07-04

USD/CAD Price Analysis: Seems vulnerable near 1.3600 ahead of US/Canada Employment

The USD/CAD pair appears to be fragile near monthly low around 1.3620 in Thursday's European session. The Loonie asset weakens as the US Dollar (USD) faces significant selling pressure after the United States (US) ADP Employment Change data for June showed that the strength in the labor market eases and the ISM Services PMI, in the same period, indicated that the economy outlook has become uncertain.FX Street2024-07-04

Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted on UK Election Day

At the time of writing GBP/CAD traded at around CA$1.7359, virtually unchanged from Thursday's opening rate. The Pound (GBP) traded mostly flat against the majority of its peers on Thursday as millions in the UK headed to the ballot box.ExchangeRates2024-07-04