Foreign Exchange Expert

Foreign Cash in Stock

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 - 4:00 pm


Saturday & Sunday: Closed



Too Far from You?

Travel to Toronto?

Payments Accepted

Debit Card
Wire Transfer
Bill Payment (RBC,BMO & Credit Unions Only)

How We Pay Customers

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.


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 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)”