Currency exchange in Churchill is limit to banks or credit unions, kiosks and dealers. Shopping around for currency exchange service if the exchange amount is over $500 Canadain for most customers. Make sure to compare rate at the same time, ask fee structure beside exchange and inquire about time frame to settle the fund.
Usually banks do not keep foreign currency banknotes in stock, customers have to order with banks and wait for 3 - 5 business days to pick up. In addition, when you sell your foreign banknotes to local banks, banks may not pay you immediately, banks need to send your banknotes to their back office to vertify.
Currency exchange kiosk in airport target customers who are looking for convenient service, small amount exchange. Usually the fee or the rate are not favourable for customers.
The general rule is the more convenient location, the less favourable rate and higer fees.
There are a few currency exchange dealers in Churchill. Different companies have different specilities, some focus on cash exchagne, some others conduct currency exchange by wire transfer. When you comapre the rates, please try to get quote witnin 30 minutes, becasue currency exchange rates are constantly changeing, also ask the fees they charge beside exchange.
Each currency exchange dealers, which include banks, credit unions and other dealers, offer similar but different rate. The difference is getting more significantly, when the exchange amount is getter larger, such as over $10,000 Canadian dollar. Shop around is still the best way to get the best currency exchange rate. Please make sure when you compare the rate, ask when the money will be available, what is other fees. The general idea is the more convenient locaiton, the worse rate applied.
Churchill is a town in northern Manitoba, Canada, on the west shore of Hudson Bay, roughly 110 kilometres (68 miles) from the Manitoba–Nunavut border. It is most famous for the many polar bears that move toward the shore from inland in the autumn, leading to the nickname "Polar Bear Capital of the World" that has helped its growing tourism industry.
A variety of nomadic Arctic people lived and hunted in this region. The Thule people arrived around the year 1000 from the west, the ancestors of the present-day Inuit. The Dene people arrived around the year 500 from farther north. Since before the time of European contact, the region around Churchill has been predominantly inhabited by the Chipewyan and Cree natives.Europeans first arrived in the area in 1619 when a Danish expedition led by Jens Munk wintered near where Churchill would later stand. Only 3 of 64 expedition members survived the winter and sailed one of the expedition's two ships, the sloop Lamprey, back to Denmark. Danish archaeologists in 1964 discovered remains of the abandoned ship, the Unicorn (a frigate), in the tidal flats some kilometres from the mouth of the river. The discoveries were all taken to Denmark; some are on display at the National Museum in Copenhagen. After an abortive attempt in 1688–89, in 1717 the Hudson's Bay Company built the first permanent settlement, Churchill River Post, a log fort a few kilometres upstream from the mouth of the Churchill River. The trading post and river were named after John Churchill, 1st Duke of Marlborough (an ancestor of Winston Churchill), who was governor of the Hudson's Bay Company in the late 17th century. The fort was built mostly to capitalize on the North American fur trade, out of the reach of York Factory. It dealt mainly with the Chipewyan natives living north of the boreal forest. Much of the fur came from as far away as Lake Athabasca and the Rocky Mountains.
Tourism and ecotourism are major contributors to the local economy, with the polar bear season (October and November) being the largest. Tourists also visit to watch beluga whales in the Churchill River in June and July. The area is also popular for birdwatchers and to view the aurora borealis.The Port of Churchill is the terminus for the Hudson Bay Railway operated by the Arctic Gateway Group. The port facilities handle shipments of grain and other commodities around the world. The Churchill Northern Studies Centre also attracts visitors and academics from around the world interested in sub-Arctic and Arctic research. The town also has a health centre, several hotels, tour operators, and restaurants, to serve locals and visitors.