Foreign Cash in Stock
USD CAD exchange only!
USD & CAD accounts required
Call for details 1-888-666-5977
Mon. - Fri. 9am - 6pm
Foreign Currency Cash Available
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Deliver by Canada Post
Deliver to Canadian address only
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47,000+ Customers
100,000+ Transactions
300 Million+ Exchanged
Monday - Friday: 9:00 am - 6:00 pm
Saturday - Sunday: Closed
(647) 812-2286
torontopath@currencymart.net
Cash
Debit Card
E-transfer
Wire Transfer
Bill Payment (RBC,BMO & Credit Unions Only)
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 is $3.50 for 30 minutes. Walk into a steel door beside pay station at P1 level, labeled as PATH. Walk straight through the Shearton Hotel and keep walking straight to Richmond-Adelaide Centre. We are on the other side of the food court, beside a handicap ramp.
Parking Entrance at 100 Queen St. W.
PATH Entrance inside Parking P1 Level
Walk Straight Through Shearton Hotel
Richmond-Adelaide Centre in PATH
About 2 minutes walk. Walking into the building of 110 Adelaide St. W., take the escalator from the lobby down to Toronto PATH. Turn right at Rexalll drug store and walk stright to foot court. We are inside the food court, beside a handicap ramp.
About 1 minutes walk. Walking into the building of 120 Adelaide St. W., take the escalator behind the security desk down to Toronto PATH, we are 6 shops away on your right hand side, beside a handicap ramp.
About 1 minutes walk. Walking into the building of 130 Adelaide St. W., take the escalator from the lobby down to Toronto PATH. Turn left at Rexall drug store and walk stright to foot court. We are inside the food court, beside a handicap ramp.
About 1 minutes walk. Walking into the building of 85 Richmond St. W., take the escalator down to Toronto PATH, we are on the other side of the food court beside a handicap ramp.
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.
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.
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.
Currency exchange in Scarborough area is lack of competiton, since most foreign exchange dealers are in Toronto downtow or Yonge St. area.
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.
Going to Toronto downtown will get you the best rate compare to Scarborough area.
Scarborough is lack of major foreign exchange dealers and it only about 40 minutes away from Toronto downtown, which most Canadian foreign exchange dealers located.
All local banks can exchange your USD to CAD, but those banks only deal with customers who have bank accounts with them.
Foreign exchange dealers can do it for you and rate is usually better than banks.
Payday loan businesses do currency exchange too, but rates are terriable.
In general, HSBC offers the best currency exchange rates amoung all other banks. Also, credit unions offer exchange rates better than banks.
We do not accept foreign coins.
As for Canadian coins, we only accept the following amounts for the following denominations:
We reserve the right to use our discretion for accepting Canadian coin, as outlined by the Currency Act under “Legal Tender: section 8, subsection (2)”
We provide the currency exchange service for the following areas of Scarborough.