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 - 5:00 pm

 

Saturday & Sunday: Closed

 

downtown@currencymart.net

Today's Forex News

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 extends winning streak ahead of US-Canada labor market data

The USD/CAD pair extends its winning spree for the fourth trading session on Friday ahead of the official employment of the United States (US) and Canada for December. The Loonie pair ticks higher slightly above 1.4400 as the US Dollar (USD) edges up, with the US Dollar Index (DXY) staying above the key support of 109.00.FX Street2025-01-10

USD/CAD in Holding Pattern Ahead of US, Cdn. Jobs Data

The Canadian dollar started the week with strong gains but has shown little movement since then. In the European session, USD/CAD is trading at 1.4411, up 0.12% at the time of writing.Action Forex2025-01-10

USD/CAD rises above 1.4400 as US Dollar Index rallies toward two-year highs

USD/CAD continues its winning streak for the fourth successive session, trading around 1.4420 during the Asian hours on Friday. The USD/CAD pair appreciates as the US Dollar (USD) receives support from hawkish Federal Open Market Committee (FOMC) Meeting Minutes and uncertainties surrounding tariff plans proposed by the incoming Trump administration.FX Street2025-01-10

USDCAD Wave Analysis

USDCAD currency pair recently reversed up from the support zone located between the support level 1.43000, 20-day moving average and the support trendline of the sharp daily up channel from September.Action Forex2025-01-10

U.S. Dollar Tests Yearly Highs After NFP Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The strong Non Farm Payrolls report provided significant support to U.S. dollar.FXEmpire2025-01-10

Canadian Dollar Forecast: USD/CAD - Trump, Trudeau, Tiff and Tariffs

With a move such as we've seen in USD/CAD, where the pair drove to fresh four-year-highs and finished a year above 1.4000 for the first time in more than two decades, there's often multiple drivers at work. And to be sure, that certainly seems to be the case here, as a strong U.S. Dollar in Q4 went along with the introduction of possible tariffs on Canadian exports to the United States, which helped to prod that break above the big figure.Forexcom2025-01-10

USD/CAD stays above 1.4350 due to lower Oil prices, hawkish policy shift by Fed

USD/CAD edges lower after registering gains in the previous two sessions, trading around 1.4370 during the Asian hours on Thursday. However, the USD/CAD pair faced challenges as the US Dollar (USD) appreciated due to increased hawkish sentiment surrounding the Federal Reserve's (Fed) policy outlook in 2025.FX Street2025-01-09

USD/CAD struggles to break above 1.4400 ahead of US-Canada employment data

The USD/CAD pair struggles to extend its upside above the immediate resistance of 1.4400 from the last two trading sessions. The Loonie pair trades inside Wednesday's trading range in Thursday's European session, with investors focusing on the United States (US) and Canadian employment data for December, which will be published on Friday.FX Street2025-01-09

GBPCAD: Critical Moment

In the Weekly timeframe, GBPCAD has formed an ascending channel pattern. However, the price has fallen to the lower trendline, and the lower Bollinger line is being tested, indicating oversold conditions.Action Forex2025-01-09

Pound Canadian Dollar (GBP/CAD) Exchange Rate Dips

At the time of writing GBP/CAD traded at around CA$1.7879, down roughly 0.2% from Wednesday's opening rate. The Pound (GBP) struggled to garner investor interest on Wednesday and edged lower against the majority of its peers.ExchangeRates2025-01-09

U.S. Dollar Moves Higher: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar gains ground as traders stay focused on FOMC Minutes, which were released yesterday.FXEmpire2025-01-09

US Dollar Forecast: USD/CAD Stages Three-Day Rally

USD/CAD attempts to retraces the decline from the start of the week as it stages a three-day rally, and the exchange rate may track the positive slope in the 50-Day SMA (1.4139) as it holds above the moving average.Forexcom2025-01-09

USD/CAD remains steady around 1.4350 ahead of FOMC Meeting Minutes

USD/CAD retraces its recent gains from the previous session, trading around 1.4350 during the European hours on Wednesday. However, the pair downside risks for the pair could be restrained as the US Dollar (USD) strengthens by a hawkish shift in investor sentiment regarding the Federal Reserve's (Fed) interest rate outlook, following robust US economic data.FX Street2025-01-08

U.S. Dollar Climbs Towards Yearly Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar gains ground as traders react to U.S. economic reports.FXEmpire2025-01-08

EUR/CAD Price Forecast: Maintains position below nine-day EMA near 1.4900

EUR/CAD continues to decline for the second consecutive session, trading near 1.4880 during Tuesday's Asian session. Technical analysis on the daily chart suggests a mildly bullish bias, as the pair remains within an ascending channel pattern.FX Street2025-01-07

USD/CAD: Early elections are likely in Canada – Commerzbank

Yesterday afternoon, European time, Canadian Prime Minister Justin Trudeau officially announced that he was stepping down as leader of the Liberal Party and that he would resign as Prime Minister once a successor had been found. The move did not come as a complete surprise.FX Street2025-01-07

USD/CAD falls to near 1.4300 due to political and trade-related developments in Canada

The USD/CAD pair remains subdued as the Canadian Dollar (CAD) receives support from news that Canadian Prime Minister Justin Trudeau would announce his plans to step down but said it expected to happen before an emergency meeting of Liberal legislators on Wednesday. The USD/CAD pair trades around 1.4310 during the European hours on Tuesday.FX Street2025-01-07

USD/CAD drifts lower to near 1.4300 as Canada's Justin Trudeau announces resignation as Prime Minister

USD/CAD drifts lower to near 1.4300 as Canada's Justin Trudeau announces resignation as Prime MinisterFX Street2025-01-07

U.S. Dollar Moves Higher After JOLTs Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency gains ground as traders increase bets on hawkish Fed.FXEmpire2025-01-07

U.S. Dollar Price Action Setups: EUR/USD, USD/CAD, SPX

- As I shared in the webinar, I think it's unlikely that both USD and equity strength remain in-play for the entirety of this year, and I expect the Dollar to mean-revert at some point. But for now, bulls have held higher-low support and there's support potential down to the Fibonacci level of 106.61.Forexcom2025-01-07

USD/CAD Price Forecast: Moves below 1.4400 after pulling back from recent highs

The USD/CAD pair ends its four-day winning streak, trading near 1.4390 during Monday's European session. From a technical perspective, the daily chart shows the pair moving within an ascending channel, signaling a continued bullish bias.FX Street2025-01-06

EUR/CAD Price Forecast: Failure near 200-day SMA support-turned-resistance favors bearish traders

The EUR/CAD cross struggles to capitalize on Friday's recovery move from the 1.4770 area, or the vicinity of a one-month low and meets with a fresh supply at the start of a new week. Spot prices remain depressed through the early European session and currently trade around the 1.4850-1.4845 region, down over 0.25% for the day.FX Street2025-01-06

U.S. Dollar Is Under Pressure Amid Tariff Policy Reports: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex markets are volatile as traders focus on Donald Trump's comments regarding his tariff policy.FXEmpire2025-01-06

Canadian Dollar Forecast: PM Trudeau Resigns, USD/CAD Uptrend Intact

Canadian Prime Minister Justin Trudeau has just announced his resignation after nearly a decade in power, throwing the country into a period of political uncertainty. Once celebrated as a transformative leader, Trudeau's popularity plummeted due to economic challenges, a housing affordability crisis, and internal party dissent.Forexcom2025-01-06

USD/CAD holds losses around 1.4400, receives downward pressure from higher Oil prices

USD/CAD halts its three-day winning streak, trading around 1.4390 during the early European hours on Friday. The rise in crude Oil prices provides support to the commodity-linked Canadian Dollar (CAD), given Canada is the largest Oil exporter to the United States (US).FX Street2025-01-03

Dollar Index Pulls Back Slightly Today: Analysis for EUR/USD, GBP/USD, USD/CAD, USD/JPY

The dollar's strong week sees DXY near two-year highs. Euro and GBP fall as ECB rate cuts loom, while yen struggles against U.S.-Japan rate differentials.FXEmpire2025-01-03

USD/CAD inches lower to near 1.4350 as Oil prices continue to rise

USD/CAD halts its two days of gains, trading around 1.4370 during the Asian hours on Thursday. This downside of the pair could be attributed to the downward correction in the US Dollar.FX Street2025-01-02

USD/CAD gains above 1.4400 as US Dollar dominates on Fed's cautious policy outlook

The USD/CAD pair rises to near 1.4420 in Thursday's European session. The Loonie pair gains as the US Dollar (USD) dominates its European and North American peers on expectations that the pace of interest rate cuts by the Federal Reserve (Fed) will be moderate this year than what had been seen in 2024.FX Street2025-01-02

U.S. Dollar Hits Two-Year High: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar surges to 2-year high as Trump's return fuels optimism. Strong economic data limits Fed rate cuts, boosting DXY against euro and pound.FXEmpire2025-01-02

USD/CAD Price Forecast: The first upside barrier is seen above 1.4450

USD/CAD Price Forecast: The first upside barrier is seen above 1.4450FX Street2024-12-31

AUDCAD Wave Analysis

AUDCAD currency pair recently reversed down from the key resistance level 0.8980 (former support from the start of December) intersecting with the 38.2% Fibonacci correction of the downward impulse from last month.Action Forex2024-12-31

U.S. Dollar Gains Ground Ahead Of New Year: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders stay bullish on dollar on last trading day of 2024.FXEmpire2024-12-31

Signs of a USDCAD Reversal

The USDCAD pair, which approached 1.45 in mid-December, is ending the year near 1.4350. The momentum of the last few days looks like a trend reversal, as there have been two unsuccessful attempts to storm the highs.Action Forex2024-12-31

USD/CAD holds losses near 1.4400 due to improved crude Oil prices

USD/CAD breaks its three-day winning streak, trading around 1.4400 during the European hours on Monday. The USD/CAD pair loses ground as US Dollar (USD) holds losses amid thin trading volumes ahead of the New Year holiday.FX Street2024-12-30

USD/CAD struggles to hold 1.4400 amid muted trading activity

The USD/CAD pair faces slight pressure near the key support of 1.4400 in Monday's North American session. The Loonie pair ticks lower as the US Dollar (USD) trades subduedly in illiquid market ahead of New Year.FX Street2024-12-30

Canadian Dollar Outlook: USD/CAD into 2025, Trump Tariff Threat Looms

USD/CAD is currently up by 8.66% on the year, which would be the largest yearly gain for the pair since 2015. Much of the recent rally was concentrated in the 4th quarter, after the election; but making matters more interesting is the fact that the 2015 move was driven by the Fed's first rate hike since the Financial Collapse as markets spent the year bracing for the move.Forexcom2024-12-30