Exchanging USD/CAD at Home 24/7
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4841 Yonge St. Unit 237D
Mon. - Wed. 9:30am - 6:00pm
Thu. - Fri. 9:30am - 7pm
Sat. 10am - 4pm
Sun. 11am - 3pm
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47,000+ Customers
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Branch Information
Monday - Friday: 9:30 am - 6:00 pm
Saturday: 10:00 am - 4:00 pm
Sunday: 11:00am - 3:00 pm
yonge.sheppard@currencymart.net
Today's Forex News
Technical Analysis – USDCAD eases after aggressive rally to 1.3845
USDCAD rallied towards the 1.3845 high and completed the seventh consecutive green day on Thursday following the bounce off the 200-day simple moving average (SMA) near 1.3600. The pair climbed above the medium-term trading range, suggesting more gains may be on the cards.XM2024-07-26USD/CAD holds losses around 1.3800 after retreating from eight-month highs
USD/CAD breaks its winning streak that began on July 17, trading around 1.3810 during the Asian session on Friday. The pair retreated from an eight-month high of 1.3849, a level recorded on Thursday.FX Street2024-07-26Dovish BoC Tilt: Pound Canadian Dollar Exchange Rate Wobbles near Multi-Month High
At the time of writing GBP/CAD was trading at CAD$1.7817, close to a three-and-a-half year high, and virtually unchanged from Thursday's opening rate. The crude-driven Canadian Dollar (CAD) struggled to attract investor support on Thursday in the wake of the Bank of Canada's (BoC) monetary policy meeting.ExchangeRates2024-07-26EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As PCE Index Meets Estimates
Falling Treasury yields put additional pressure on the U.S. dollar.FXEmpire2024-07-26USD/CAD: To remain close to its recent lows – Scotiabank
The Canadian Dollar (CAD) is slightly firmer on the session and while it remains down (0.6%) on the week versus the US Dollar (USD), it remains a clearly better performer overall than its close commodity peers (AUD and NZD are both down nearly 2%), Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-07-26USD/CAD Rally Pauses: Awaiting Next Correction
The USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction.Action Forex2024-07-26Additional News:
USD/CAD Price Analysis: Reaches critical point at ceiling of three-month range
USD/CAD has risen to the top of the range it has been trading in since the middle of April. It is at a critical point – a decisive breakout higher would signal a new uptrend; a reversal, however, might signal the continuation of the sideways trend it has been in for the last over three months.FX Street2024-07-26Too Far from You?
Travel to Winnipeg?
Currency Exchange Near Me
Chart below shows a list of currency exchange me when you are at near major interactions of Toronto.
- Currency Mart @ York & Adelaide
- EbixCash @ Yonge & Adelaide
- Calforex @ Yonge & Queen
- TD Foreign Exchange Centre @ Bay & King
- TD Foreign Exchange Centre @ Yonge & Eglinton
- Net Exchange @ York & Queen Quay Way
- NHVN Currency Exchange @ Spadina & Sullivan
- Interchange Financial @ Yonge & Dundas
- College Currency Investments @ Yonge & College
- York Exchange @ Yonge & Bloor
- Currency Mart @ Yonge & Sheppard
- Interchange Financial @ Yonge & Finch
- New York Exchange @ Yonge & Clark
- Interchange Financial @ Yonge & Queen Quay Way
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)
Parking Instruction
Parking is $4 for 30 minutes. We are at L1 level
Parking Entrance at Doris & Greenfield
Foreign Exchange 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.
Currency Exchange Market of Canada
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.
Currency Exchange Market of New Market
Since the city of New Market lacks the headquarters of a nationwide company, the customers of currency exchange business are local residents, small businesses and tourists.
- Local Residents
- Small Businesses
- Tourists
In Ontario, about 60% local residents are new immigrants of recent 20 years. Same figure applied to New Market too. In addition, New Market attracts more and more new immigrants every year due to the geological location and affordable housing. These new immigrant and international students bring a huge amount of capital which needs to be converted to Canadian currency.
Logistics business and restaurants are 2 major customers of currency exchange business in New Market. These 2 businesses either have customers in the United States or import goods from the United States.
Toronto Pearson Airport is located in New Market and the hotels surrounding the airport make New Market the perfect choice for tourists to stay.
Exchange Amount in New Market
The exchange amounts from a few hundreds by tourists up to 100k by small business.
Currencies Involved in New Market
- USD
- EUR
- INR
Major Currency Exchange Businesses
- International Foreign Exchange
- Continental Foreign Exchange
- Kantor Foreign Exchange
Currency 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 volumn for a Canadian currency exchange broker. For some province, the precentage is even higher. Currency Mart as a currency exchange dealer, we always keep USD currency in stock for customers demand.
Currency Exchange New Market
Where is it best to exchange money?
A reputable currency exchange dealer is your best choice to exchange money, except those foreign exchange dealers in airports, hotel front desks and tourist hotspots.
Firstly these foreign exchange experts offer exchange rates better than banks. For a small amount exchange, not too much difference, but if the exchange amount is over thousand, the savings is more significant.
Secondly, these foreign exchange dealers keep foreign cash in stock, so customers can have foreign cash for travel right the way. On the other hand, banks and credit unions do not keep foreign cash in each branch, and take about 3 to 5 business days to bring foreign cash in.
Finally, most foreign exchange dealers take care of your leftover foreign cash by purchasing them back at the same rate as the dealers sold to you. This policy can save customers about 10% currency exchange loss.
Is it better to exchange money at a bank or currency exchange?
Exchanging money at the bank is the option for a convenient and fair price.
Exchanging money at currency exchange is aiming for a better exchange rate. Please make sure you compare the exchange rate dealer by dealer before you conduct the exchange.
How much money do you lose when you exchange currency?
A currency exchange transaction can lose as little as 0.2% or as much as 4%, pending on the exchange amount.
For transaction amounts over $100,000, it is possible for customers to get an exchange rate as good as 0.2% spread. Oppositely, a $100 dollar exchange can cost customers about 4% of the exchange amount.