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
200,000+ Transactions
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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
USD/CAD trims gains after Iranian media denies any attack, remains below 1.3800
USD/CAD pares its intraday gains, trading around 1.3780 during the Asian session on Friday. However, the pair received upward support as the safe-haven US Dollar (USD) gained traction following news of Israeli missiles striking a site in Iran, exacerbating tensions in the Middle East.FX Street2024-04-19USD/CAD side-steps geopolitical geopolitical volatility to trade little changed
USD/CAD is trading in the 1.3750s after edging lower on Friday. The pair has been shielded by the worst excesses of volatility witnessed in markets brought on by the escalating geopolitical situation in the Middle East.FX Street2024-04-19Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone
USDCAD attempted to re-enter the 1.3800 territory earlier today after its pullback from a five-month high of 1.3844 on Wednesday. But upside forces faded soon, forcing the price to pull back to Thursday's closing price of 1.3765.XM2024-04-19EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As Traders Take Profits Ahead Of The Weekend
USD/JPY remains in focus as traders try to guess whether BoJ will be able to defend the key 155.00 level.FXEmpire2024-04-19Additional News:
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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
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How We Pay Customers
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.