Currency Exchange Winnipeg


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47,000+ Customers

200,000+ Transactions

300 Million+ Exchanged



Since 2012

License: M11432814


Branch Information


 

Monday - Friday: 9:00 am - 5:00 pm

 

Saturday & Sunday: Closed

 

downtown@currencymart.net

Today's Forex News

USDCAD collapses to fresh 2025 lows sub-1.3800

The US Dollar (USD) plummeted during European trading hours on Friday, on news indicating China announced additional tariffs on the United States (US). On Thursday, the White House confirmed tariffs on China of 145%, higher than the 125% previously estimated.FX Street2025-04-11

USD/CAD Price Forecast: Outlook remains bearish below 1.4000

The USD/CAD pair remains weak near 1.3965 during the early European session on Friday. The Greenback edges lower against the Canadian Dollar (CAD) amid persistent concerns over the global and US economies.FX Street2025-04-11

U.S. Dollar Moved Away From Yearly Lows: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Index attempts to settle back above the 100 level amid profit-taking.FXEmpire2025-04-11

CAD grinds higher versus a weaker USD – Scotiabank

The Canadian Dollar (CAD) is getting pulled along with the broader sell-off in the USD and is notching up another decent weekly gain—its fourth on the trot and the largest since late 2022. US/Canada spreads have compressed somewhat amid all the volatility in markets but the weak USD tone is the primary driver of the CAD's rise, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-04-11

How will the Canadian Federal Election Impact USD/CAD?

In the upcoming Canadian Federal Election, escalating US trade tensions and shifting voter sentiments have given Mark Carney's Liberals a boost against the Conservatives - read on for the potential impact on USD/CAD!Forexcom2025-04-11

Additional News:


Payments Accepted


Cash
Debit Card
E-transfer
Wire Transfer
Bill Payment (RBC,BMO & Credit Unions Only)

How We Pay Customers

Cash
E-transfer (CAD only)
CAD or USD cheque
CAD or USD wire transfer ($35/wire)
CAD or USD direct deposit (arrive next business day)

Walking & Driving Directions


The Tim Hortons at the corner of Fort St. and Graham Ave. has a hallway which is connect to the lobby of the building, then take the stairs to the second floor. We are 2 stores to your left.


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 Winnipeg is mainly from agricultural actives, because most farmers sell their grains to United States and get payment by us dollars. In addition, purchasing property, vehicle, pay tuition and travel expense are supplements of the currency exchange market in Winnipeg. 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 volume for a Canadian currency exchange broker. For some province, the percentage is even higher. Currency Mart as a currency exchange dealer, we always keep USD currency in stock for customers demand.

Currency Exchange Winnipeg - FAQ

Yes, all branches of local banks and credit unions offer currency exchange services, however there are a few things to pay attention to.

  • Banks do not deal with all currencies, common currencies only such as US dollar or Euro dollar. In general, banks only deal with about 20 - 30 currencies. Only RBC in Canada deals a little bit more than other banks.
  • Usually, banks do not keep foreign currency in stock. Customers need to place an order for it and pick it up 3 - 5 days later.
  • If customers sell foreign currency cash to their bank branches, not all branches pay for the foreign currencies right the way. Some branches send the foreign cash to their processing center to exam and then deposit the payment to your bank account a few days later.
  • Most banks only purchase or sell foreign currencies to clients with a bank account with them.

All banks and credit unions offer currency exchange service, but the drawbacks are usually bank branches do not keep foreign currency cash in stock and also the exchange rate branches offer less favorable for customers.

Beside banks and credit unions, there are a few non financial institution currency exchange dealers in Winnipeg. Most their locations are in Winnipeg downtown or the international airport, except Currency Mart has a branch in south Winnipeg, St. Vital Shopping Centre.

These non financial institution foreign exchange dealers try to distinguish their services to others so they do not directly complete with each other.

  • Currency exchange dealers in airport target customers who need convenient services. That is why usually airport locations open much longer hours, such as 12 hours per day. Premium locations and longer hours determined that the operation cost for airport locations are much higher than regulars locations, so the currency exchange rates offered by airport locations are terrible for customers. Typically, customers only exchange small amounts for immediately expenses, such as $30 dollar for a taxi.
  • Dealers in Winnipeg downtown aim corporate or large amount individual customers. A typical transaction amount is $10,000 for start. Usually this type of foreign exchange dealers do not handle physical cash. All transactions are done by wire transfer or electrical fund transfer, a payment processing system used by all Canadian banks. The exchange rate offered by this type of dealers are much better than banks, but the drawback is each transaction takes 1 - 2 business days to complete. The service is ideal for large amount customers who plans a head of time.
  • Farmers are the main customers of all currency exchange dealers in Winnipeg. Farmers trade huge amount of currency in spring to purchase supply and in fall after selling their harvest.

  • Business owners such as auto dealers, trading companies and restaurants, as well as hotels. These type of businesses either accumulate huge amount of foreicn currency during daily operation or need to make large purchase and pay in foreign currency.

  • New immigrants brings in their savings of their whole life to Canada. Also, most new immigrants need to make a large purchase during their first 2 years, a house. That is why the currency exchange demand for new immigrants is huge

  • International students spends their 5 years of best life in Winnipeg. They bring in about $30,000 a year per person to Winnipeg.

  • Canadians who are planning to purchase a property in overseas for their retire life.

  • Travelers make small amount exchange, but the huge number of visitors makes the businesses still attractive for currency exchange dealers.

All banks and credit unions offer currency exchange services, but these branches do not keep Euro dollar in stock. Customers need to order with them and pick it up 3 - 5 days later.

Both Currency Mart Winnipeg Downtown and Winnipeg St. Vital keep Euro cash in stock all the time for the convenience of customer.

From the exchange rate point of view, HSBC Canada offers the best currency exchange rate amount all banks in Canada.

From the exchange rate point of view, in general, the exchange rate in the morning is better than afternoon, beginning of each week is better than near the end of the week.

Please try to have your foreign currency exchanged about 1 week before your departure date.

If the leftover foreign currency is bill, you can still take the bills to local banks or currency exchange dealers.

Most likely, no one takes care leftover foreign coins.

Please try to have your foreign currency exchanged about 1 week before your departure date.

We suggest you to exchange currency a few days before you departure. The reason is you have time to compare and shop around. In addition, Currency Mart can purchase back 30% of your purchase back in 30 days at the same exchange rate printed on the receipt.

Currency exchange dealers try to carry as many currencies as possible, but the supply and the fluctuating currency exchange rates limit our capability. As a currency exchang dealer, United State dollar and Euro dollar are mush have currencies. In addition, some currencies, such as Mexican peso and currencies for other sunshine destination are must have for winter seaosn. To sum up, we try to carry all European country currencies all year around and travel destination country currencies in winter. Please check our currency list for details.

On average, our trade amount is around $700 Canadian dollar per transaction. This amount can be doubled if you travel to US or other European countries and can be reduced to half if you travel to developing countries.

We do not accept foreign coins.

As for Canadian coins, we only accept the following amounts for the following denominations:

  • Fifty dollars ($50), or the equivalent of one roll of two dollar ($2.00) coins
  • Twenty-five dollars ($25), or the equivalent of one roll of one dollar ($1.00) coins
  • Ten dollars ($10), or the equivalent of one roll of twenty-five cent ($0.25) coins
  • Five dollars ($5), or the equivalent of one roll of ten cent ($0.10) coins
  • Two dollars ($2.00), or the equivalent of one roll of five cent ($0.05) coins

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)”

Historical Forex News

USD/CAD holds losses below 1.4100 ahead of US CPI data

USD/CAD loses ground for the second successive day, trading around 1.4090 during the European hours on Thursday. The pair loses ground as the US Dollar (USD) remains subdued ahead of the high-impact Consumer Price Index (CPI) inflation report for March set to be published on Thursday at 12:30 GMT.FX Street2025-04-10

USD/CAD Price Forecast: Seems vulnerable; could test 200-day SMA near 1.4000 mark

The USD/CAD pair attracts some sellers following an Asian session uptick to levels just above the 1.4100 mark and drops to a fresh daily low in the last hour amid a modest US Dollar (USD) downtick. Spot prices currently trade around the 1.4075-1.4070 area and seem vulnerable to weaken further.FX Street2025-04-10

USD/CAD Analysis: What's Next for the Loonie?

Over the past two trading sessions, the Canadian dollar has gained more than 1.5% against the U.S. dollar, establishing a strong short-term bullish bias.Forexcom2025-04-10

CAD holds range but USD undertone is softening – Scotiabank

There was a little confusion around the temporary roll-back of US tariffs yesterday. Canada was not included in the round of reciprocal tariffs announced on Liberation Day but Treasury Secretary Scott Bessent said the 10% baseline tariff applied to both Canada and Mexico, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-04-10

U.S. Dollar Tests New Lows As Inflation Rate Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar tests multi-month lows as traders focus on inflation reports.FXEmpire2025-04-10

USD/CAD finds some support near 1.4200 mark as Oil prices plunge to fresh multi-year low

The USD/CAD pair continues with its struggle to move back above the 100-day Simple Moving Average (SMA) and attracts fresh sellers during the Asian session on Wednesday. Spot prices, however, rebound a few pips from the 1.4200 neighborhood and remain confined in a broader trading range held since the beginning of this week amid mixed cues.FX Street2025-04-09

USD/CAD tumbles below 1.4200 as US Dollar dives amid US recession fears

The USD/CAD pair falls sharply to near 1.4180 during European trading hours on Wednesday. The Loonie pair faces an intense sell-off as the US Dollar (USD) takes bullet for United States (US) President Donald Trump raising import duty on China to 104%.FX Street2025-04-09

U.S. Dollar Retreats As China Retaliates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Rising Treasury yields did not provide any support to the American currency.FXEmpire2025-04-09

EURCAD: Precise Reaction Higher from the Blue Box—What's Next?

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of EURCAD. In which, the rally from 22 November 2024 low is unfolding as an impulse sequence.Action Forex2025-04-08

CAD trades near estimated fair value on softer USD – Scotiabank

The Canadian Dollar (CAD) has firmed up a little in response to the improvement in risk appetite, although it is lagging its commodity cousins' intraday gains, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2025-04-08

USD/CAD Price Forecast: Slumps below 1.4200

The USD/CAD pair fall sharply below the key level of 1.4200 in Tuesday's European session. The Loonie pair weakens as the US Dollar (USD) faces selling pressure amid fears that the United States (US) economy could enter a recession due to the imposition of harsh-than-expected tariffs by President Donald Trump.FX Street2025-04-08

USD/CAD is down on broad USD weakness – BBH

Bank of Canada faces weak business outlook, BBH FX analysts report.FX Street2025-04-08

U.S. Dollar Gains Ground As Treasury Yields Rebound: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving higher as traders evaluate the recent moves in trade wars.FXEmpire2025-04-07

USD/CAD trades higher around 1.4260 as Canadian Dollar underperforms

The USD/CAD pair rises to near 1.4260 during North American trading hours on Monday. The Loonie pair gains as the Canadian Dollar (CAD) faces selling pressure amid growing expectations that the Bank of Canada (BoC) could continue reducing interest rates this year.FX Street2025-04-07

USD/CAD holds on to Friday's gains – BBH

USD/CAD is holding on to Friday's gains, BBH FX analysts report.FX Street2025-04-07

US/global recession risk drive the USD/CAD for now – Danske Bank

USD/CAD had an eventful start to April, dropping to the 1.40 level following broad USD weakness sparked by Trump's tariffs on Liberation Day, Danske Bank's FX analyst Frederik Romedahl reports.FX Street2025-04-07

CADJPY Wave Analysis

CADJPY currency pair recently reversed from the support zone surrounding the strong support 101.60 (which has been reversing the price since last August). This support zone was strengthened by the lower daily Bollinger Band.Action Forex2025-04-07

U.S. Dollar Rebounds As Traders React To Powell's Comments: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Fed Chair is not in a hurry to cut rates, which is bullish for the U.S. dollar.FXEmpire2025-04-04

USD/CAD gains further to near 1.4240 after US/Canada employment data

The USD/CAD pair extends its upside to near 1.4240 during North American trading hours on Friday. The Loonie pair strengthens as the Canadian Dollar (CAD) falls further after the release of the downbeat employment data for March.FX Street2025-04-04

USD/CAD Price Forecast: Bounces back from 200-day EMA

The USD/CAD pair rebounds to near 1.4160 during European trading hours on Friday from an almost four-month low of 1.4026 posted on Thursday. The Loonie pair bounces back as the US Dollar (USD) attracts bids even though the announcement of reciprocal tariffs by President Donald Trump has raised concerns over the United States (US) economic outlook.FX Street2025-04-04

USD/CAD nudges lower towards the February low as traders deliberate Trump tariffs

As we continue to digest Trump's tariffs, the dollar looks to be the early onset casualty as it continues to slump across the major currencies board today. But the loonie can also rejoice a bit as Trump didn't double down on tariffs against Canada in his latest salvo.Forex Live2025-04-03

Pound to Canadian Dollar Rate News Today: GBP/CAD Hovers Around 1.86

The Pound Canadian Dollar (GBP/CAD) exchange rate ticked up on Wednesday as markets awaited US President Donald Trump's ‘Liberation Day' announcement. At the time of writing GBP/CAD traded at around CA$1.8524, up roughly 0.3% from Wednesday's opening rate.ExchangeRates2025-04-03

USD/CAD tumbles to near 1.4100 as US Dollar nosedives on US recession risks

The USD/CAD pair faces a sharp sell-off and slides to near 1.4100 during European trading hours on Thursday. The Loonie pair weakens as the US Dollar (USD) nosedives after the release of the reciprocal tariff plan by United States (US) President Donald Trump on Wednesday.FX Street2025-04-03

U.S. Dollar Dives After Trump Tariffs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Index tests multi-month lows as traders bet on dovish Fed.FXEmpire2025-04-03

Big moves expected for the USDCAD pair on the tariffs announcement today

If we look at the USDCAD daily chart, we can clearly see that uncertainty has been the name of the game. There's been lots of volatility and short term trading opportunities yeah, but overall, the pair has been stuck in a range since December.Forex Live2025-04-02

GBP/USD Eyes Fresh Gains While USD/CAD Dips

On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.2870 level. The British Pound started a steady increase above the 1.2900 resistance zone against the US Dollar, as discussed in the previous analysis.Action Forex2025-04-02

USD/CAD Price Forecast: Holds above 1.4300, 100-day SMA pivotal support ahead of Trump's tariffs

The USD/CAD pair reverses an Asian session dip to sub-1.4300 levels or a fresh weekly low touched during the Asian session on Wednesday, and for now, seems to have stalled the overnight pullback from the 1.4415 area, or a nearly three-week high. Spot prices, however, lack follow-through buying as traders opt to wait on the sidelines ahead of US President Donald Trump's tariffs announcement later today.FX Street2025-04-02

U.S. Dollar Pulls Back Ahead Of Tariff Announcement: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is losing ground despite rising Treasury yields.FXEmpire2025-04-02

USD/CAD edges higher to near 1.4330, Trump's tariff announcement in focus

The USD/CAD pair ticks higher to near 1.4330 in Wednesday's North American session. The Loonie pair edges higher as the US Dollar (USD) faces pressure, with investors awaiting the release of a detailed reciprocal tariff plan by United States (US) President Donald Trump at 20:00 GMT.FX Street2025-04-02

USD/CAD consolidates near multi-week top, below 1.4400 ahead of Trump's tariffs

The USD/CAD pair touches a two-and-half-week top on Tuesday, though it struggles to find acceptance or build on the intraday uptick beyond the 1.4400 mark. Spot prices, however, manage to preserve the recent recovery gains as traders now await US President Donald Trump's reciprocal tariffs announcement before placing fresh directional bets.FX Street2025-04-01

U.S. Dollar Is Flat After JOLTs Job Openings Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders have mostly ignored U.S. economic reports and focused on the tariff drama.FXEmpire2025-04-01

USD/CAD Price Forecast: Extends winning streak amid caution ahead of Liberation Day

The USD/CAD pair extends its winning streak for the third day on Monday. The Loonie pair jumps to near 1.4360 as investors expect the imposition of reciprocal tariffs by United States (US) President Donald Trump on so-called Liberation Day, which is Wednesday, will have a native impact on the Canadian economic outlook.FX Street2025-03-31

USD/CAD Daily Outlook

Intraday bias in USD/CAD stays neutral for the moment. Overall, corrective pattern from 1.4791 is still extending.Action Forex2025-03-31

U.S. Dollar Gains Ground As Traders Prepare For Tariffs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving higher as traders focus on Trump's reciprocal tariffs.FXEmpire2025-03-31

USD/CAD dips under 1.43 remain well supported on the charts – Scotiabank

The Canadian Dollar (CAD) is softer on the session, edging back through the low 1.43 area to the mid-1.43s. President Trump said last week that tariffs are coming for Canada but both he and PM Carney put a positive spin on the call they had late last week on trade.FX Street2025-03-31

CAD Data in Focus: Key Canadian Releases to Drive GBP/CAD Exchange Rate This Week

The Pound Canadian Dollar (GBP/CAD) exchange rate slipped last week following the release of the UK's latest consumer price index (CPI) and Spring Statement. At the time of writing GBP/CAD traded at around CA$1.8515, virtually unchanged from Friday's opening rate.ExchangeRates2025-03-31

USD/CAD holds gains above 1.4300 ahead of US PCE Price Index, Canada's GDP data

USD/CAD continues its upward momentum for the second consecutive day, trading around 1.4310 during Asian hours on Friday. The pair benefits from increased risk aversion driven by growing concerns over impending US auto tariffs.FX Street2025-03-28

USDCAD's faith remains tied to the April 2nd tariffs plan

The USDCAD pair continues to mostly range as traders await the April 2nd deadline. The Loonie's faith remains tied to the US tariffs plan that is going to be unveiled on Wednesday.Forex Live2025-03-28

USD/CAD Price Forecast: Holds above 1.4300 ahead of US PCE Inflation, Canadian GDP data

The USD/CAD pair rises to near 1.4330 during European trading hours on Friday. The Loonie pair trades higher ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for February and Canadian monthly Gross Domestic Product (GDP) data for January, which will be published at 12:30 GMT.FX Street2025-03-28

USD/CAD remains subdued near 1.4250 despite concerns over impending US auto tariffs

USD/CAD remains subdued for the fourth consecutive day, hovering around 1.4260 during Asian trading hours on Thursday. The pair is under pressure as the US Dollar (USD) weakens amid declining Treasury yields.FX Street2025-03-27

USD/CAD struggles to find acceptance above 1.4300 amid modest USD weakness

The USD/CAD pair builds on the previous day's modest bounce from the 1.4235 area, or over a one-month low, and gains some follow-through positive traction on Thursday. Spot prices stick to intraday gains through the first half of the European session and for now, seem to have snapped a three-day losing streak, though bulls seem to struggle to find acceptance above the 1.4300 mark.FX Street2025-03-27

Pound to Canadian Dollar Rate Weakens as UK Growth Forecast Halved

At the time of writing GBP/CAD traded at around CA$1.8372, down roughly 0.5% from Wednesday's opening rate. On Wednesday, the Pound (GBP) started the day on the defensive against most of its major trading partners.ExchangeRates2025-03-27

U.S. Dollar Pulls Back As Traders Focus On Tariffs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The better-than-expected GDP Growth Rate report did not provide support to the American currency.FXEmpire2025-03-27