Currency Exchange Toronto


 47,000+ Customers

 100,000+ Transactions

 $300,000,000+ Exchanged



 Since 2012

 4 Locations

 License: M11432814


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


Branch Information

 

Monday - Friday: 9:30 am - 7:00 pm

 

(647) 812-2876

 

yonge.sheppard@currencymart.net


Too Far from You?


Payments Accepted


 

Cash

 

Debit Card

 

Canadian dollar bank draft payable to "Currency Mart"

 

US dollar wire transfer


Pay Customers

 

Cash

 

Canadian dollar eTransfer (Max $10,0000/day)

 

Canadian or US currency cheque payable to customer's name

 

Canadian or US currency dollar wire transfer

 

Canadian or US currency dollar electrical fund transfer (arrive next business day)


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.

Canadian Currency Exchange Market

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.

Winnipeg Currency Exchange Market

The demand of currency exchange in Toronto is mainly from manufacturing activies, because most manufacturing business sell their products to United States and get paid by us dollars. In addition, purchasing property, vehicle, pay tutition and travel expense are supplements of the currency exchange market in Toronto. In fact, the amount of exchanging USD to CAD is much more than exchanging CAD to USD.

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.


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