Does BMO charge extra fees for cash currency exchange?

BMO embeds its retail foreign currency fee directly inside the exchange rate markup. Non-clients may face extra counter service charges or exchange limits. Currency Mart charges a transparent $3.75 flat fee per currency and provides exact rates upfront.

Do I need to order foreign currency in advance at BMO?

Yes, while major BMO branches carry limited US Dollars in stock, other popular currencies like Euros, British Pounds, Japanese Yen, or Mexican Pesos typically require 2 to 5 business days advance notice. Currency Mart maintains over 30 global currencies in stock daily for immediate walk-in cash pickup.

Which Currency Mart branch offers the best foreign exchange rate?

All 4 Currency Mart branches (Toronto Downtown, Toronto North York, Winnipeg Downtown, and Winnipeg St. Vital) offer competitive rates that beat traditional Canadian banks. You can toggle each branch on our live comparison table above to inspect real-time rates before visiting.

Foreign Exchange Expert

Foreign Cash in Stock

USD Reached 38 Days High

Good Timing to Sell USD in last 38 Days

EUR Reached 2 Days Low

Good Timing to Buy EUR in last 2 Days

GBP Reached 4 Days Low

Good Timing to Buy GBP in last 4 Days

JPY Reached 3 Days Low

Good Timing to Buy JPY in last 3 Days

MXN Reached 37 Days Low

Good Timing to Buy MXN in last 37 Days

CHF Reached 3 Days High

Good Timing to Sell CHF in last 3 Days

AUD Reached 1 Day High

Good Timing to Sell AUD in last 1 Day

NZD Reached 44 Days Low

Good Timing to Buy NZD in last 44 Days

LIVE BANK BENCHMARK TORONTO & WINNIPEG

BMO Exchange Rate vs Currency Mart 2026 — Live Rate Comparison

Q: How do BMO foreign exchange rates compare to Currency Mart?

Bank of Montreal (BMO) typically charges retail cash foreign exchange spreads between 2.7% and 4.0% above the interbank mid-market rate. Currency Mart operates with wholesale cash spreads closer to 0.7% to 1.5%, saving customers an average of $20 to $45 CAD per $1,000 exchanged with a simple $3.75 flat fee per currency.

Compare today's live cash exchange rates from Bank of Montreal (BMO) against Currency Mart's 4 retail branches in Toronto and Winnipeg. See exact buy and sell rates across 30+ physical cash currencies with a transparent $3.75 flat fee per currency.

Last updated: 2026-09-23 17:00:04 ET | Physical retail banknote cash rates

Live Rate Comparison: Bank of Montreal vs 4 Currency Mart Branches

Cash rates updated weekday 8 AM — Next live auto-refresh in 5:00

Filter Currency Mart Branches (Click any branch to show/hide column):

Currency	Bank of Montreal Bank	Richmond-Adelaide	TRTYSC Branch	Cargill Building	WPGSVT Branch
AED UAE Dirham	0.3524	0.3496	0.3500	0.3433	0.3432
ARS	Unavailable	N/A	N/A	N/A	N/A
AUD Australian Dollar	0.9537	0.9641	0.9354	0.9932	0.9461
BBD	Unavailable	0.5745	0.5245	0.5995	0.5995
BDT	Unavailable	N/A	N/A	N/A	N/A
BHD	3.4218	N/A	N/A	N/A	N/A
BMD	Unavailable	N/A	N/A	N/A	N/A
BRL Brazilian Real	Unavailable	0.2380	N/A	0.2330	0.2330
BSD	Unavailable	N/A	N/A	N/A	N/A
BZD	Unavailable	N/A	N/A	0.5111	N/A
CHF Swiss Franc	1.6637	1.6464	1.6685	1.7100	1.6507
CLP	0.0014	0.0013	0.0013	0.0013	0.0013
CNY Chinese Yuan	0.1938	0.1822	0.1822	0.1823	0.1823
COP	0.0004	0.0004	0.0004	0.0004	0.0004
CRC	0.0028	0.0030	0.0030	0.0029	0.0029
CZK Czech Koruna	0.0639	0.0612	0.0597	0.0612	0.0612
DKK Danish Krone	0.2085	N/A	N/A	0.2148	N/A
DOP	0.0214	0.0219	0.0215	0.0211	0.0211
EGP	Unavailable	N/A	N/A	N/A	N/A
EUR Euro	1.5425	1.5665	1.5574	1.6064	1.5640
FJD	0.5482	0.5089	0.5475	0.6270	0.5662
GBP British Pound	1.8135	1.8127	1.8186	1.8687	1.8290
GTQ	0.1694	0.1582	0.1582	0.1649	0.1649
HKD Hong Kong Dollar	0.1693	0.1665	0.1665	0.1798	0.1680
HNL	Unavailable	N/A	N/A	N/A	N/A
HUF Hungarian Forint	0.0043	0.0040	0.0040	0.0040	0.0040
IDR Indonesian Rupiah	0.0001	0.0001	0.0001	0.0001	0.0001
ILS Israeli Shekel	0.4253	N/A	N/A	N/A	N/A
INR Indian Rupee	Unavailable	N/A	N/A	0.0147	N/A
IQD	Unavailable	N/A	N/A	N/A	N/A
ISK	Unavailable	0.0107	0.0106	0.0105	0.0105
JMD	0.0080	0.0082	0.0082	0.0090	0.0082
JOD	1.8235	1.8425	1.8423	N/A	N/A
JPY Japanese Yen	0.0086	0.0087	0.0083	0.0089	0.0082
KES	Unavailable	0.0098	0.0093	0.0098	0.0098
KRW South Korean Won	0.0009	0.0010	0.0010	0.0009	0.0009
KWD	4.2085	4.1824	4.1824	4.5613	4.0938
KYD	1.5984	N/A	N/A	N/A	N/A
LKR	Unavailable	N/A	N/A	N/A	N/A
MAD	Unavailable	N/A	N/A	N/A	N/A
MUR	Unavailable	N/A	N/A	N/A	N/A
MXN Mexican Peso	0.0745	0.0784	0.0734	0.0805	0.0768
MYR Malaysian Ringgit	Unavailable	0.3223	0.3175	0.3270	0.3270
NIO	Unavailable	N/A	N/A	N/A	N/A
NOK Norwegian Krone	0.1380	N/A	N/A	0.1488	N/A
NPR	Unavailable	N/A	N/A	N/A	N/A
NZD New Zealand Dollar	0.7645	0.7660	0.7660	0.8007	0.7514
OMR	3.3624	N/A	N/A	N/A	N/A
PEN	0.3821	0.3842	0.3803	0.3842	0.3842
PHP Philippine Peso	0.0201	0.0199	0.0200	0.0192	0.0192
PKR	Unavailable	N/A	-0.0009	N/A	N/A
PLN Polish Zloty	0.3290	0.3367	0.3369	0.3669	0.3364
PYG	Unavailable	0.0002	N/A	N/A	N/A
QAR Qatari Riyal	Unavailable	N/A	N/A	0.3174	0.3174
RON Romanian Leu	0.2815	0.2548	0.2548	0.2709	0.2709
SAR Saudi Riyal	0.3504	0.3405	0.3405	0.3756	0.3299
SEK Swedish Krona	0.1467	0.1346	N/A	0.1422	N/A
SGD Singapore Dollar	1.0784	1.0536	1.0410	1.1017	1.0257
THB Thai Baht	0.0377	0.0384	0.0389	0.0422	0.0384
TND	Unavailable	N/A	0.0716	N/A	N/A
TRY Turkish Lira	Unavailable	0.0258	0.0179	0.0147	0.0147
TTD	Unavailable	0.1688	0.1746	0.2076	0.1659
TWD Taiwan New Dollar	0.0399	0.0395	0.0395	0.0406	0.0406
TZS	Unavailable	N/A	N/A	N/A	N/A
UAH	Unavailable	N/A	-0.0034	N/A	N/A
USD US Dollar	1.3600	1.3896	1.3869	1.3813	1.3804
UYU	0.0332	N/A	N/A	N/A	N/A
VND Vietnamese Dong	Unavailable	N/A	N/A	N/A	N/A
XCD	Unavailable	0.4513	0.4513	0.4808	0.4808
XPF	0.0123	0.0112	0.0112	0.0112	0.0112
ZAR South African Rand	0.0832	0.0801	0.0809	0.0861	0.0780

Green = Best rate for customer | Red = Worst rate | Showing Buy In rate by default (CAD cash received per 1 unit of foreign currency).

Transparent cash rates with a simple $3.75 Flat Fee / Currency

Calculate Your Savings vs Bank of Montreal

See the exact dollar difference between exchanging cash at an Bank of Montreal branch vs picking up cash at Currency Mart.

I Want Foreign Cash (Traveling) I Have Foreign Cash (Returning)

Foreign Amount:

Currency:

Currency Mart Branch:

Bank of Montreal Total: —

Currency Mart Total: —

Calculating live comparison...

Based on live cash rates with a transparent $3.75 Flat Fee / Currency.

Understanding Bank of Montreal (BMO) Foreign Exchange Rates vs Currency Mart

Bank of Montreal (BMO) is one of Canada's oldest chartered banking institutions. While BMO offers comprehensive personal, business, and wealth services, retail cash currency exchange at bank counters incorporates wide spreads designed for low retail transaction volume.

BMO's retail cash margins typically range between 2.7% and 4.0% above the interbank mid-market rate. Currency Mart operates with wholesale cash spreads closer to 0.7% to 1.5% with a transparent $3.75 flat fee per currency, providing substantial savings for vacationers, business travelers, and international students.

Tighter Cash Spreads

Currency Mart operates with institutional wholesale rate volume. Our retail banknote spreads average 0.7% to 1.5%, ensuring you keep more dollars in your pocket whether buying USD, Euros, or Pounds.

Immediate Cash In Stock

Most BMO branches require 2 to 5 business days advance order notice for non-USD currencies. Currency Mart maintains over 30 global currencies in stock ready for instant walk-in over-the-counter pickup.

$3.75 Flat Fee / Currency

No account opening required, no percentage-based hidden spreads. Just a simple, transparent $3.75 flat fee per currency.

Comparison Breakdown: BMO vs Currency Mart

Feature / Policy	Currency Mart	Bank of Montreal (BMO)
Conversion Fee Policy	$3.75 Flat Fee / Currency	Embedded inside wider 2.7% - 4.0% bank rate spread
Cash Rate Markup (USD/CAD)	~0.8% - 1.2% Wholesale Spread	~2.7% - 3.8% Retail Bank Spread
Average Savings per $1,000 USD	Keep $18 - $35 CAD Extra	Standard Bank Counter Pricing
Non-USD Currency Inventory	In Stock Daily (EUR, GBP, JPY, MXN, etc.)	Usually 2-5 days advance notice required
Account Requirement	None — Open to all Canadian residents & visitors	Requires BMO Debit Card or ID verification profile
Regulatory Compliance	Registered Canadian MSB (FINTRAC M11432814)	OSFI Regulated Schedule I Canadian Bank

Visit Any of Our 4 Canadian Retail Branches

Select the most convenient Currency Mart branch location in Ontario or Manitoba to lock in today's best cash rates:

TORONTO TRTRAC

Downtown Toronto

Richmond-Adelaide Centre, 120 Adelaide St. W. #R7

Branch Details & Directions »

TORONTO TRTYSC

Toronto North York

4841 Yonge St. Unit 237D (Yonge Sheppard Centre)

Branch Details & Directions »

WINNIPEG WPGDTN

Winnipeg Downtown

Cargill Building, 240 Graham Ave. Unit 290

Branch Details & Directions »

WINNIPEG WPGSVT

Winnipeg St. Vital

1225 St. Mary's Rd (St. Vital Centre)

Branch Details & Directions »

Frequently Asked Questions (FAQ)

Why are Currency Mart exchange rates better than BMO?

Major chartered banks carry extensive operational overhead and prioritize electronic transactions and lending over physical retail currency exchange. Currency Mart is a specialized Money Services Business (MSB) focused exclusively on physical currency exchange, allowing us to pass institutional wholesale volume savings directly to retail clients.

Can I exchange currency at BMO if I don't have an account?

Many BMO branches restrict physical foreign exchange counter transactions to active account holders or charge non-client processing fees. Currency Mart welcomes all Canadian residents and international visitors with zero account requirements.

What payment methods are accepted at Currency Mart branches?

We accept Cash, Canadian Debit (Interac Direct Payment), and verified Electronic Bank Transfers for large transactions. There are zero additional surcharge fees when paying via standard Canadian Interac debit.

Is Currency Mart regulated in Canada?

Yes. Currency Mart Inc. is fully registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC MSB Registration #M11432814) and operates under strict federal Anti-Money Laundering (AML) and Counter-Terrorist Financing (ATF) compliance mandates.