Foreign Exchange Expert

Foreign Cash in Stock

Exchange USD at Home
Fund available in 24h

USD CAD exchange only!

USD & CAD accounts required

Call for details 1-888-666-5977

Visit us in Person
4841 Yonge St. Unit 237D

Mon. - Fri. 9:30am - 6pm

Sat. 10am - 4pm

Sun. Closed

Foreign Currency Cash Available

Click for details 

Currency Home Delivery
Deliver to you in 4 business days

Deliver by Canada Post

Deliver to Canadian address only

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Currency Exchange Richmond Hill

Do you know our current trade rates?

Not sure how much do you need?

See how much we have in stock?

Deliver foreign cash to your home in 4 days

Online Exchange 24/7


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47,000+ Customers

100,000+ Transactions

300 Million+ Exchanged



Since 2012

License: M11432814


Branch Information

 

Monday - Friday: 9:30 am - 6:00 pm

 

Saturday: 10:00 am - 4:00 pm

 

Sunday: Closed

 

(647) 812-2876

 

yonge.sheppard@currencymart.net

Too Far from You?



Payments Accepted


 

Cash

 

Debit Card

 

E-transfer

 

Wire Transfer

 

Bill Payment (RBC,BMO & Credit Unions Only)


How We Pay Customers

 

Cash

 

E-transfer (Canadian Dollar only)

 

Canadian or US currency cheque

 

Canadian or US dollar wire transfer ($35 charge/wire)

 

Canadian or US dollar electrical fund transfer (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 Richmond Hill

Since the city of Richmond Hill lacks the headquarters of a nationwide company, the customers of currency exchange business are local residents, small businesses and tourists.

  • Local Residents
  • In Ontario, about 60% local residents are new immigrants of recent 20 years. Same figure applied to Richmond Hill too. In addition, Richmond Hill 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.

  • Small Businesses
  • Logistics business and restaurants are 2 major customers of currency exchange business in Richmond Hill. These 2 businesses either have customers in the United States or import goods from the United States.

  • Tourists
  • Toronto Pearson Airport is located in Richmond Hill and the hotels surrounding the airport make Richmond Hill the perfect choice for tourists to stay.

Exchange Amount in Richmond Hill

The exchange amounts from a few hundreds by tourists up to 100k by small business.

Currencies Involved in Richmond Hill

  • 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 Richmond Hill

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.

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.

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.