Currency exchange in Minnedosa 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 Minnedosa. 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.
Minnedosa is a town in the southwestern part of the Canadian province of Manitoba. Situated 50 kilometres (32 mi) north of Brandon, Manitoba on the Little Saskatchewan River. The town's name means "flowing water" in the Dakota language. The population of Minnedosa reported in the 2006 Statistics Canada Census was 2,474. The town is located in the Rural Municipality of Minto and bordered to the south by the Rural Municipality of Odanah.
Prior to the arrival of Europeans in the area of Minnedosa, the land was primarily traveled and used by the nomadic Ojibway, Cree, Assiniboine, and Sioux peoples. John Tanner was the grandson of John Tanner who had been raised by a Shawnee. He was an American settler who arrived in the area in 1869. The younger Tanner was the first Métis settler in the area and ran a ferry service across the Little Saskatchewan River. When a bridge was built in 1879, the ferry became obsolete and at the same time, a small town, Tanner's Crossing, was started nearby. John Armitage moved to the area around this time in 1877, and began to build a sawmill and gristmill. He joined together with Tanner to lay out a new town site and eventually Armitage had accumulated 3,800 acres (15 km2) of property. Tanner named the new town Minnedosa, from the Dakota word mnidúza meaning "flowing water".Although Minnedosa once hoped to be a site of a river crossing for the Canadian Pacific Railway's transcontinental railway, the honour was initially given to Rapid City, while the actual site of the railway was later settled on a site much further south creating the city of Brandon. In 1883 Minnedosa was incorporated as a town, it had experienced a period of growth from settlement schemes put forth by the Canadian government. As Minnedosa became a town, this coincided with the actual arrival of the railway in 1883, bringing about more growth for the now quickly growing settlement.A dam was proposed in 1907 and approved in December of the same year by the Government of Canada. It was built on the Little Saskatchewan River near the town. After several delays, the dam was completed in 1912, creating Minnedosa Lake. Water first flowed over the spillway on April 10, 1912. Minnedosa was the second community in the Province of Manitoba to generate its own hydroelectric power. An earlier project in 1900 was also on the Minnedosa River and supplied power to the town of Brandon, Manitoba. Initially privately owned, the generation plant was taken over by the Manitoba Power Commission in 1920 and replaced by a diesel generation plant and by 1930, power from the provincial grid. The lake was used as a source of water for the town, for recreation, and for supplying the engines of the Canadian Pacific Railway. On May 4, 1948 the spillway of the dam failed due to erosion of structure, and the resulting flood damaged many homes and businesses in the town. The spillway was not repaired until 1950 by the Prairie Farm Rehabilitation Administration.Since 1981 the Minnedosa Ethanol Plant has been producing ethanol to be blended into gasoline, as of late 2007 it has been expanded into one of the largest ethanol facilities in Canada. This plant is owned and operated by Husky Energy.