Currency Exchange Winnipeg

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47,000+ Customers

200,000+ Transactions

300 Million+ Exchanged



Since 2012

License: M11432814


Branch Information


 

Monday - Friday: 10:00 am - 8:00 pm

 

Saturday: 10:00 am - 6:00 pm

 

Sunday: 11:00 am - 6:00 pm

 

stvital@currencymart.net

Today's Forex 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)

Location inside the Mall



About 1 minutes walk to Currency Mart


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 volumne 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

Our rates are not as same as other Winnipeg 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 their 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 reference number for general public to have a brief idea what the current exchange 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 usually 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 sense 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 exchange dealer, we need adjust our exchange rates everyday in order to stay competitive. We adjust our exchange rates based on our inventory level, current trend of the particular currency, competitor'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, because the replacement cost for the particular currency will be higher. Otherwise, we will reduce our rate because 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'.

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 edges higher to near 1.4350 amid weakening investor sentiment

USD/CAD attempts to recover from recent losses, trading around 1.4330 during Asian hours on Friday. The pair may find support as the US Dollar (USD) strengthens on safe-haven demand amid rising global trade tensions driven by US tariff policies.FX Street2025-03-21

USD/CAD Price Forecast: Trades sideways above 1.4300

The USD/CAD pair ticks higher to near 1.4330 in European trading hours on Friday but remains inside Thursday's trading range. The Loonie pair is marginally higher even though the US Dollar (USD) trades strongly, suggesting the Canadian Dollar (CAD) also trades firmly.FX Street2025-03-21

USD Rebounds: What's Next for EURUSD & USDCAD?

EURUSD, USDCAD Forecast: DXY's bearish momentum found key support, pushing EURUSD and USDCAD to critical levels ahead of potential long-term reversals.Forexcom2025-03-21

U.S. Dollar Moves Higher Ahead Of The Weekend: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar stays strong as traders bet on a rebound from multi-month lows.FXEmpire2025-03-21

CAD consolidates after USD's failure to holds 1.44 test – Scotiabank

The Canadian Dollar (CAD) is little changed on the session, Scotiabank's Chief FX Strategist Shaun Osborne notes. FX Street2025-03-21

USD/CAD is in its consolidation phase – BBH

USD/CAD is consolidating around 1.4330, BBH FX analysts report. FX Street2025-03-21

USD/CAD jumps to near 1.4370 as Fed is in no hurry to cut interest rates

The USD/CAD pair gains sharply to near 1.4370 in European trading hours on Thursday. The Loonie pair moves higher as the US Dollar (USD) strengthens after the Federal Reserve (Fed) expressed that it is in no hurry to cut interest rates.FX Street2025-03-20

U.S. Dollar Continues To Rebound From Multi-Month Lows: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving higher as traders focus on economic data and evaluate Powell's comments.FXEmpire2025-03-20

Canadian Dollar Forecast: USD/CAD Builds Bull Pennant into Tariffs

USD/CAD is continuing to digest following the massive start to 2025 trade. At this point it can be qualified as a bull pennant formation, as we have a symmetrical triangle taking place atop a bullish trend.Forexcom2025-03-20

USD/CAD moves away from two-week low set on Tuesday, retakes 1.4300 ahead of Fed

The USD/CAD pair is seen building on the overnight bounce from the 1.4260 area, or a nearly two-week low, and gaining some follow-through positive traction for the second straight day on Wednesday. Spot prices climb back above the 1.4300 mark during the Asian session, though the upside seems limited as traders might opt to wait for the outcome of the highly-anticipated FOMC policy meeting.FX Street2025-03-19

U.S. Dollar Gains Ground Ahead Of Fed Decision: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar gained upside momentum as traders prepared for the key event of the week.FXEmpire2025-03-19

USD/CAD Price Forecast: Holds key 1.4300 level ahead of Fed's monetary policy decision

The USD/CAD pair rises to near 1.4330 in European trading hours on Wednesday. The Loonie pair gains as the US Dollar (USD) rebounds ahead of the Federal Reserve's (Fed) monetary policy decision at 18:00 GMT.FX Street2025-03-19

USD/CAD holds high above 1.4247 – ING

USD/CAD holds high above 1.4247 – INGFX Street2025-03-19

USD/CAD: Further uptrend above 1.4550 – Société Générale

USD/CAD: Further uptrend above 1.4550 – Société GénéraleFX Street2025-03-18

USD/CAD Price Forecast: Falls toward 1.4250 after breaking below a crucial support zone

USD/CAD continues its losing streak for the third successive session, trading near 1.4290 during European hours on Tuesday. Technical analysis on the daily chart indicates a breakdown below an ascending channel pattern, signaling a shift toward bearish sentiment.FX Street2025-03-18

EUR/CAD Price Forecast: Tests 1.5700 support near nine-day EMA

EUR/CAD edges higher after two days of gains, trading near 1.5640 during European hours on Tuesday. Technical analysis on the daily chart points to the weakening of a bullish bias, with the currency cross positioning below the ascending channel pattern.FX Street2025-03-18

U.S. Dollar Is Flat As Traders React To Housing Market Data: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders are cautious ahead of Fed decision, which will be released tomorrow.FXEmpire2025-03-18

USD/CAD trades cautiously below 1.4300 after hotter-than-expected Canadian inflation report

The USD/CAD pair struggles to hold the key support of 1.4270 in the North American session on Tuesday. The Loonie pair faces selling pressure after the release of the Canadian Consumer Price Index (CPI) report for February, which showed that price pressures accelerated at a faster-than-expected pace.FX Street2025-03-18

USD/CAD Price Forecast: Trades cautiously near 1.4350 as Fed policy takes centre stage

The USD/CAD pair struggles to gain ground near the three-day low of 1.4360 in European trading hours on Monday. The Loonie pair trades with caution as the US Dollar (USD) faces selling pressure ahead of the Federal Reserve's (Fed) monetary policy decision Wednesday.FX Street2025-03-17

U.S. Dollar Retreats As Retail Sales Miss Expectations: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving lower as traders react to economic reports.FXEmpire2025-03-17

Canadian Dollar Forecast: USD/CAD Coils Ahead of Reciprocal Trump Tariffs

USD/CAD still trades within the February range as it failed to clear the monthly high (1.4543) during the previous week, but the ongoing shift in US trade policy may continue to sway the exchange rate with President Donald Trump on track to impose reciprocal tariffs on April 2.Forexcom2025-03-17

Pound Canadian Dollar Forecast: GBP/CAD Whipsaws amid US-Canada Trade Tensions

At the time of writing, GBP/CAD traded at CA$1.8659, up roughly 0.5% from the start of the week. The Canadian Dollar (CAD) started last week on the back foot amid growing concerns about the economic impact of a US-Canada trade war.ExchangeRates2025-03-17

USD/CAD Price Forecast: Remains depressed around 1.4430-1.4425; downside seems limited

The USD/CAD pair struggles to capitalize on the previous day's positive move and trades with a mild negative bias during the Asian session on Friday. Spot prices, however, manage to hold above the 1.4400 mark amid a modest US Dollar (USD) uptick, though the upside seems capped amid some positive news coming out of the US-Canada trade talks on Thursday.FX Street2025-03-14

U.S. Dollar Pulls Back As Michigan Consumer Sentiment Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving lower as traders bet on dovish Fed after the release of weak consumer sentiment data.FXEmpire2025-03-14

USD/CAD: BOC cuts the policy 25bps to 2.75% – BBH

The Bank of Canada (BOC) delivered on expectations yesterday and cut the policy 25bps to 2.75%. The BOC warned that the pervasive uncertainty created by continuously changing US tariff threats is restraining consumers' spending intentions and businesses' plans to hire and invest, BBH FX analysts report.FX Street2025-03-13

USD/CAD trades cautiously near 1.4360 despite US Dollar gets temporary relief

The USD/CAD pair trades with caution around 1.4360 in Thursday's European session. The Loonie pair faces mild pressure even though the US Dollar has gotten temporary relief after refreshing the four-month low, indicating some strength in the Canadian Dollar (CAD).FX Street2025-03-13

USD/CAD Price Forecast: Advances to 1.4400 neighborhood; lacks bullish conviction

The USD/CAD pair attracts some dip-buyers in the vicinity of mid-1.4300s during the Asian session on Thursday and reverses a part of the previous day's losses. Spot prices climb to the 1.4400 neighborhood in the last hour, though a combination of factors might keep a lid on any meaningful upside.FX Street2025-03-13

USD/CAD to trend down towards the 1.41 level in the short-term – Danske Bank

As widely expected, BoC delivered a 25bp rate cut, bringing its policy rate to 2.75%, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report. FX Street2025-03-13

USD/CAD Update: The Canadian Dollar Weakens After the BOC Decision

The USD/CAD maintains a slightly bullish bias, accumulating a gain of over 0.7% in the last five sessions, favoring the U.S. dollar.Forexcom2025-03-13

USD/CAD can move towards 1.4240 and 1.4150 – Société Générale

USD/CAD broke out from its multiyear range and experienced an extended uptrend, Société Générale's FX analysts note. FX Street2025-03-12

USD/CAD Price Forecast: Remains below 1.4450 near immediate support at nine-day EMA

USD/CAD retraces its recent losses, trading around 1.4440 during the European hours on Wednesday. Technical analysis on the daily chart suggests the pair remains within an ascending channel pattern, suggesting a bullish bias.FX Street2025-03-12

Canadian Dollar Forecast: USD/CAD Dips on BOC, Latest Tariff Drama

USD/CAD has reversed off yesterday's highs to trade back in the middle of its late-December through January range in the 1.4300-1.4500 zone on the BOC rate cut and latest tariff headlines.Forexcom2025-03-12

USD/CAD gauges temporary support near 1.4400 after US CPI, BoC's policy decision

The USD/CAD pair looks for temporary support near the key level of 1.4400 during North American trading hours on Wednesday after the release of the United States (US) Consumer Price Index (CPI) data for February and the Bank of Canada's (BoC) interest rate decision.FX Street2025-03-12

USD/CAD to tick down to 1.41 in the near term – Danske Bank

Today, focus in CAD FX space turns to the BoC meeting at 14:45 CET - where markets and consensus favour a 25bp rate cut, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report. FX Street2025-03-12

AUD/USD rises, EUR/USD, USD/CAD dip, US dollar selloff loses steam

An combination of extended moves, tariff fatigue and a refreshing set of softer CPI figures helped appetite for risk peel itself from the ropes it had been pinned to in recent weeks. And that helped AUD/USD rise for a second day and USD/CAD fall below resistance, while EUR/USD bulls paused for breath around a key high.Forexcom2025-03-12

U.S. Dollar Is Mostly Flat After Inflation Data: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is stuck near recent lows as Inflation Rate dropped to 2.8%.FXEmpire2025-03-12

Pound Canadian Dollar Exchange Rate News: GBP/CAD Subdued despite BoC Rate Cut

The Canadian Dollar (CAD) was subdued on Wednesday as investors awaited the Bank of Canada's interest rate decision. Meanwhile, tariff tensions and wavering oil prices also confined CAD to a narrow range.ExchangeRates2025-03-12

USD/CAD remains below 1.4450 amid recession fears in the United States

USD/CAD holds losses after two days of gains, trading around 1.4440 during the Asian hours on Tuesday. The pair loses ground as the US Dollar (USD) struggles amid concerns that tariff policy uncertainty could push the US economy into recession.FX Street2025-03-11

USD/CAD Price Forecast: Trades lower amid caution ahead of BoC monetary policy meeting

The USD/CAD pair declines to near 1.4400 in European trading hours on Tuesday after correcting from the four-day high of 1.4470 posted on Monday. The Loonie pair weakens as the US Dollar (USD) underperforms across the board amid fears that the United States (US) could face economic turbulence in the near term due to President Donald Trump's ‘America First' policies.FX Street2025-03-11

Pound to Canadian Dollar Surges as Trump Inflicts Further Pain on Canada

After Tuesday's New York open, President Trump announced a further trade sanction on Canada with the tariffs on steel and aluminium imports doubled to 50% from 25%. The Canadian dollar was hit again global markets with the Pound to Canadian dollar (GBP/CAD) exchange rate jumping to fresh 8-year highs around 1.8780.ExchangeRates2025-03-11

USD/CAD forecast: signal ahead of BOC decision, US inflation data

The USD/CAD exchange rate rose slightly after the latest Liberal Party election in which Mark Carney won to replace Justin Trudeau. It also rose ahead of the upcoming Bank of Canada (BoC) decision and the US consumer inflation data.Invezz2025-03-10

U.S. Dollar Is Flat At The Start Of The Week: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Falling Treasury yields did not put pressure on the American currency.FXEmpire2025-03-10

CAD steady versus USD – Scotiabank

The Canadian Dollar (CAD) is little changed over the weekend vs the US Dollar (USD). It remains to be seen what Mark Carney's win in the Liberal leadership election means for Canada and markets.FX Street2025-03-10

USD/CAD to tick down to 1.41 – Danske Bank

For CAD FX, all eyes will be on Wednesday, with the BoC meeting at 14:45 CET, where markets and consensus favour a 25bp rate cut, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report. FX Street2025-03-10

USD/CAD trades sideways below 1.4400, BoC policy in focus

USD/CAD trades sideways below 1.4400, BoC policy in focusFX Street2025-03-10

Pound to Canadian Dollar Exchange Rate Week Ahead Forecast: Multi-Year Best

The Pound Canadian Dollar (GBP/CAD) exchange rate skyrocketed last week as the introduction of Trump's tariffs underpinned the currency pairing. At the time of writing GBP/CAD traded at around CA$1.8543, up roughly 0.6% from Friday's opening rate.ExchangeRates2025-03-10