Currency Exchange Toronto

 47,000+ Customers

 100,000+ Transactions

 $300,000,000+ Exchanged

 Since 2012

 4 Locations

 License: M11432814

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Deliver foreign cash to your home in 4 days

Online Exchange 24/7

Branch Information


Please call for hours during pandemic


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


(647) 812-2876

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Payments Accepted




Debit Card

Pay Customers




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


Canadian or US currency cheque payable to customer's name


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 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 Toronto - FAQ

Our rates are not as same as other Toronto currency exchange dealers. Each dealer set up its owner currency exchange rates based on the mid-market rates and adjusted the mark up according to its inventory level and other factors. One thing for sure is since our mark up are lower than banks, the currency exchange rates we offer are better than banks.

Google or ther media posts the mid-market exchange rate, which is the average number between a buy in rate and a sell out rate. The mid-market rate is a good refererence number for general public to have a brief idea what the current exchagne rate right now, but the mid-market rate is not the rate that the financial market is currently trading at. In addition, Google or other media posts a rate which ususally is about at least 20 minutes ago. When we trade at Currency Mart, we apply up to second live rates.

If you pay attention to currency exchange rate long enough, you will have a brief idea what is happening now and you may have a senose of prediction what will happen in the next a few months. Oppositely, as a currency exchange dealer, we have no idea what will happen during the same day or even during the same week.

As a currency exchagne dealer, we need adjust our exchange rates everyday in order to stay competitive. We adjust our exchang rates based on our inventory level, current trend of the particular currency, comeptitor's exchange rate. The general rules are described below.

  • If our current inventory level is more than desired, we will lower our rate to speed up the sales. Oppositely, if our inventory is less than ideal, we will rise our rate to slow down the sales.
  • If the current trend for a currency is going up, we need rise our exchange rate, becasue the replacement cost for the particular currency will be higher. Otherwise, we will reduce our rate becasue we will lose value anyway if we keep the currency in stock.
  • If we need speed up sales, we need set up our rate lower than competitors'.