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

USD/CAD to trend higher on the current situation – BBH

USD/CAD is stabilizing around key technical support at 1.4300, BBH FX analysts note.FX Street2025-02-07

USD/CAD consolidates in a range around 1.4300 ahead of US/Canadian jobs data

The USD/CAD pair extends its sideways consolidative price move for the third straight day and remains confined in a narrow trading band around the 1.4300 mark through the first half of the European session on Friday. Spot prices, however, manage to hold above the 1.4260 area, or the year-to-date (YTD) low retested on Wednesday, as traders await monthly employment details from the US and Canada before placing fresh directional bets.FX Street2025-02-07

GBP/CAD Forecast: Rising Unemployment to Sink the Canadian in Dollar?

At the time of writing the GBP/CAD exchange rate traded at CA$1.7772. Down roughly 0.6% from Thursday's opening levels.ExchangeRates2025-02-07

U.S. Dollar Gains Ground As Inflation Expectations Increase: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar moved higher as traders focused on the significant increase in year-ahead inflation expectations.FXEmpire2025-02-07

CAD: Good time to buy the USD on dips – TDS

Tariff risk premia evaporates. Two talking points dominate client discussions — tariffs and positioning, TDS' FX analysts Jayati Bharadwaj and Mark McCormick note.FX Street2025-02-07

USD/CAD drops to near 1.4300 after US-Canada employment data

The USD/CAD pair falls to near 1.4300 in North American trading hours on Friday. The Loonie pair drops after the release of the employment data for January in both the United States (US) and Canada.FX Street2025-02-07

Additional News:

USD/CAD declines after mixed US job report

The USD/CAD pair pulled back to 1.4305 following the release of January's Nonfarm Payrolls (NFP) data, which fell significantly short of expectations. The report showed the US economy added just 143K jobs, well below the 307K forecast, triggering a pullback in the US Dollar.FX Street2025-02-07

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 Exchange Rate Stabilises

As we reported on 3 February, the decision by the US president to impose 25% tariffs on goods imported from Canada sent the USD/CAD rate soaring to a 22-year high.Action Forex2025-02-06

USDCAD: Rebound

On the H4, USDCAD, after a sharp fall, reached a critical support area and rebounded. DeMarker came out of the oversold zone, which makes a slight rise possible on a break above the AMA.Action Forex2025-02-06

U.S. Dollar Rebounds: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar gained ground, supported by rising Treasury yields.FXEmpire2025-02-06

GBPCAD Technical Analysis

The USDCAD pair is seeing a slight increase on Thursday, trading around 1.4345 after bouncing from a two-week low of 1.4270. The US Dollar has regained some strength after three days of losses while falling oil prices are putting pressure on the Canadian Dollar.Action Forex2025-02-06

USD/CAD holds positive ground above 1.4300 ahead of US, Canadian labour market data

USD/CAD holds positive ground above 1.4300 ahead of US, Canadian labour market dataFX Street2025-02-06

U.S. Dollar Retreats As Treasury Yields Pull Back: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving lower as traders react to ADP Employment Change and ISM Services PMI reports.FXEmpire2025-02-05

USD/CAD slumps below 1.4300 as CAD capitalizes on Trump's suspension of tariff orders

The USD/CAD pair extends its losing streak below the key level of 1.4300 in Wednesday's European session. The Loonie pair weakens as the Canadian Dollar (CAD) continues to gain, given that United States (US) President Donald Trump delayed his orders to impose 25% tariffs on Canada for 30 days.FX Street2025-02-05

USD/CAD trades with mild losses near 1.4300 as tariff worries ease

USD/CAD trades with mild losses near 1.4300 as tariff worries easeFX Street2025-02-05

USD/CAD climbs back closer to 1.4500 amid bearish Oil prices, renewed USD buying

The USD/CAD pair attracts some dip-buying near the 1.4385 region during the Asian session on Tuesday and for now, seems to have stalled the previous day's sharp retracement slide from its highest level since April 2003. The move-up is sponsored by a combination of factors and lifts spot prices back closer to the 1.4500 psychological mark.FX Street2025-02-04

USD/CAD trades cautiously above 1.4400 as Trump delays tariffs on Canada

The USD/CAD pair trades with caution around 1.4430 in Tuesday's European session. The Loonie pair is almost 2.6% down from its Monday's high of 1.4800 as the Canadian Dollar (CAD) strengthens after United States (US) President Donald Trump postponed his order to impose 25% tariffs on Canada and Mexico.FX Street2025-02-04

U.S. Dollar Retreats As JOLTs Report Misses Expectations: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar continues to move away from recent highs as traders react to weak job market data.FXEmpire2025-02-04

Canadian dollar forecast: USD/CAD and EUR/CAD – Technical Tuesday

FX pairs like the EUR/CAD may ease back further following yesterday' decision by Trump to delay the tariffs on Canada. That decision means the near-term Canadian dollar forecast is no longer bearish, making the EUR/CAD an ideal pair to look for bearish setups on for CAD bulls.Forexcom2025-02-04

Canadian dollar forecast: USD/CAD and EUR/CAD – Technical Tuesday

FX pairs like the EUR/CAD may ease back further following yesterday' decision by Trump to delay the tariffs on Canada. That decision means the near-term Canadian dollar forecast is no longer bearish, making the EUR/CAD an ideal pair to look for bearish setups on for CAD bulls.Forexcom2025-02-04

Canadian Dollar Short-term Outlook: USD/CAD Crashes on Trump Tariffs

USD/CAD is poised to mark the largest weekly-range in nearly five-years as the Trump tariff stay sparks reversal. Battlelines drawn on the short-term technical charts.Forexcom2025-02-04

USD/CAD forecast: 2 reasons Canadian dollar is crashing

The USD/CAD exchange rate surged to a high of 1.4792 on Monday, its highest level since 2003 and over 67% from its lowest point in 2007. It has jumped by over 10% in the last 12 months as the Canadian dollar crash accelerated.Invezz2025-02-03

USD/CAD advances to near 1.4700 following Trump tariffs on Canadian imports

The USD/CAD pair gains strength for the sixth consecutive day, trading around 1.4710 during the early European hours on Monday. The pair has risen by over 1% following US President Donald Trump's 25% import tariff on Canada.FX Street2025-02-03

Pound to Canadian Dollar Weekly Outlook: GBPCAD Jumps to 1.8 on Trump Tariffs

Update: The Pound Canadian Dollar (GBP/CAD) exchange rate has secured gains to 1.8, having jumped to test highs of 1.81 following the new US tariffs on Mexico, Canada and China. At the time of writing, GBP/CAD traded at around CA$1.8079, down -0.30% on Sunday's close.ExchangeRates2025-02-03

U.S. Dollar Retreats From Session Highs As U.S. Pauses Tariffs On Mexico: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. paused new tariffs on Mexico as the country agreed to reinforce the border.FXEmpire2025-02-03

Canadian Dollar Under Pressure as US Tariffs Drive USD/CAD to a 22-Year High

The USD/CAD pair surged above 1.4760 on Monday, reaching its highest level since April 2003. This sharp rise came in response to the US government's decision to impose 25% tariffs on Canadian imports, significantly impacting the Loonie.Action Forex2025-02-03

USD/CAD: Markets ponder next steps in trade war – Scotiabank

The Canadian Dollar (CAD) has weakened in response to President Trump applying 25% tariffs on Canadian exports to the US. A 10% tariff will apply to Canadian energy exports.FX Street2025-02-03

Trump's Tariffs Push USD/CAD to a 22-Year High

The tariffs will take effect on 4 February. Trump acknowledged potential economic pain but justified the measures as necessary to combat illegal immigration and drug trafficking, arguing that the long-term benefits would outweigh the costs.Action Forex2025-02-03

USD/CAD falls to near 1.4400 as Trump delays Canada tariffs 30 Days

USD/CAD falls to near 1.4400 as Trump delays Canada tariffs 30 DaysFX Street2025-02-03

USD/CAD on the move - plunges - Trump says 'watch' when asked about tariffs

more to come Trump says call with Prime Minister Trudeau went “very well.” Trump was asked if tariffs against Canada are going into effect tonight, he said, “Watch.Forex Live2025-02-03

USD/CAD: Canada's November GDP is the domestic focus – BBH

USD/CAD pulled back to 1.4450 after a kneejerk uptick near 1.4600 yesterday, BBH FX analysts note.FX Street2025-01-31

EUR/CAD remains subdued near 1.5000 following softer German Retail Sales

EUR/CAD retraces its recent gains from the previous two sessions, hovering around 1.5020 during early European trading hours. The currency cross remains under pressure following weaker-than-expected German Retail Sales data released on Friday.FX Street2025-01-31

USD/CAD jumps to near 1.4550 as Donald Trump is poised to impose tariffs on Canada

The USD/CAD pair climbs to near 1.4550 in Friday's North American session. The Loonie pair strengthens as investors continue to dump the Canadian Dollar (CAD) amid worries that United States (US) President Donald Trump is poised to slap hefty tariffs on Canada on February 1.FX Street2025-01-31

USD/CAD and USD/MXN Forecast: Trump Tariffs to Start this Weekend?

The Trump administration has officially confirmed that new tariffs will take effect on Saturday, February 1, including a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods - see how it's impacting markets.Forexcom2025-01-31

USD/CAD Chart Analysis Following Bank of Canada's Rate Cut

Unlike the Federal Reserve, which opted to leave its monetary policy unchanged, the Bank of Canada cut its interest rate yesterday. According to Forex Factory, as expected by analysts, the Overnight Rate was lowered by 25 basis points from 3.25% to 3.00%.Action Forex2025-01-30

USD/CAD is extremely overvalued – BBH

As was widely expected, the Bank of Canada (BOC) slashed the policy rate 25bps to 3.00% yesterday. The BOC also announced two changes to its monetary policy implementation framework.FX Street2025-01-30

6% of the 7% rise in USD/CAD since October is down to a risk premium – ING

As the Bank of Canada concluded in two great articles in its Monetary Policy Report released yesterday, tariffs could be a massive game-changer, ING's FX analyst Chris Turner notes.FX Street2025-01-30

USD/CAD trades with mild positive bias above 1.4400 ahead of US GDP

The USD/CAD pair rebounds over 40 pips from the intraday low and climbs to a fresh daily high, around the 1.4435 area during the early part of the European session on Thursday. Spot prices, however, lack follow-through and remain confined in a familiar range held over the past month or so.FX Street2025-01-30

Pound to Canadian Dollar (GBP/CAD) Exchange Rate News: BoC Decision

The Canadian Dollar (CAD) was quiet on Wednesday morning as investors awaited the Bank of Canada (BoC) interest rate decision in the afternoon. With the BoC expected to cut interest rates, CAD investors were hesitant to place any aggressive bets on the ‘Loonie' ahead of the decision.ExchangeRates2025-01-30

U.S. Dollar Is Flat As GDP Growth Rate Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The euro is little changed against the dollar after ECB cut the interest rate to 2.9%.FXEmpire2025-01-30

USD/CAD trades subduedly above 1.4400 despite US Dollar slides after US data

The USD/CAD pair trades in a subdued manner above the key support of 1.4400 in Thursday's North American session. The Loonie pair is broadly sideways despite the US Dollar (USD) faces a sharp selling pressure after the release of the weak United States (US) Q4 Gross Domestic Product (GDP) data and lower Initial Jobless Claims for the week ending January 24, suggesting a significant weakness in the Canadian Dollar (CAD).FX Street2025-01-30

USD/CAD gathers strength to near 1.4500 as tariff decision looms

USD/CAD gathers strength to near 1.4500 as tariff decision loomsFX Street2025-01-30

USD/CAD spiked near a 5-year high as Trump said Canada and Mexico tariffs coming Saturday

Trump announced that his 25% tariffs on Canada and Mexico will take effect on Saturday, though he has yet to decide whether to include oil imports from those countries in the policy.Forex Live2025-01-30

USD/CAD spikes to 5-year high as Trump tariffs come knocking

Well. Trump's tariffs are not going away. In fact, they're on Canada's doorstep.Forexcom2025-01-30

Pres. Trump to put 25% tariff on Canada and Mexico The USDCAD spike higher

Pres. Trump says that he will put a 25% tariff on Canada and Mexico citing fentanyl.. Trump assesses second presidential memorandum directing FAA to assess damage from DEI policies and ensure competence in hiring.Forex Live2025-01-30

EUR/CAD Price Forecast: The first upside barrier emerges near 1.5100, BoC rate decision in focus

EUR/CAD Price Forecast: The first upside barrier emerges near 1.5100, BoC rate decision in focusFX Street2025-01-29

USD/CAD: Short-term price action can remain within a range – Societe Générale

USD/CAD has evolved within a brief pause after facing interim resistance near 1.4470/1.4515, Societe Générale's FX analysts report.FX Street2025-01-29

USD/CAD rises above 1.4400 due to Trump tariff threats, Fed decision eyed

USD/CAD gains ground for the third consecutive day, trading around 1.4420 during the European hours on Wednesday. The pair may further appreciate as the US Dollar (USD) receives support from the Federal Reserve's (Fed) cautious stance regarding upcoming Wednesday's policy decision.FX Street2025-01-29

USDCAD: BoC Rate Cut and US Tariff Threats Weaken Loonie

On January 29, 2025, the Bank of Canada (BoC) cut its interest rate by 25 basis points, bringing it to 3%. This decision, the sixth consecutive reduction, stems from a weak economy and persistently low inflation.Action Forex2025-01-29

USD/CAD reaches six-day high as BoC cut rates

The USD/CAD hit a six-day high of 1.4470 after the Bank of Canada (BoC) cut rates by 25 basis points from 3.25% to 3%, as economists widely expected. However, as market participants digest the BoC's monetary policy statement, the pair has retraced toward 1.4430, yet it remains up 0.29%.FX Street2025-01-29

USD/CAD holds positive ground above 1.4400 as Fed holds rates steady

USD/CAD holds positive ground above 1.4400 as Fed holds rates steadyFX Street2025-01-29

USD/CAD Unfazed by BoC Rate-Cut Ahead of Fed Decision

USD/CAD seems to be unfazed by the Bank of Canada (BoC) rate cut as it consolidates ahead of the Federal Reserve interest rate decision.Forexcom2025-01-29

USD/CAD sticks to modest gains above 1.4400, over one-week top ahead of US data

The USD/CAD pair regains positive traction on Tuesday and climbs to over a one-week high, around the 1.4415 region, during the first half of the European session. Spot prices, however, remain confined in a familiar range held over the past month or so as traders opt to wait on the sidelines ahead of this week's key central bank event risks.FX Street2025-01-28

NZDCAD Price Action Breakdown

The NZDUSD pair has lost its recent gains and is trading near 0.5680 on Monday as market sentiment turns cautious. This pressure comes from reports that former US President Trump's advisers are pushing for 25% tariffs on Mexico and Canada starting February 1, with no plans for negotiations.Action Forex2025-01-28

U.S. Dollar Gains Ground On Tariff Threat: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Donald Trump's threat to impose universal tariffs that would be “much bigger” than 2.5% provided significant support to the American currency.FXEmpire2025-01-28

USD/CAD holds positive ground near 1.4400 ahead of BoC, Fed rate decisions

USD/CAD holds positive ground near 1.4400 ahead of BoC, Fed rate decisionsFX Street2025-01-28

U.S. Dollar Pulls Back Amid Falling Treasury Yields: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is losing ground as traders bet on a less hawkish Fed.FXEmpire2025-01-27

USD/CAD falls back from 1.4400, BoC-Fed policy in focus

The USD/CAD pair retreats after failing to break above the round-level resistance of 1.4400 in Monday's North American session. The Loonie pair ticks down as the US Dollar (USD) falls back after its safe haven diminished.FX Street2025-01-27

Pound Canadian Dollar (GBP/CAD) Rate Outlook: CA$ Rocked by Trump Tariff Threat

At the time of writing GBP/CAD traded at around CA$1.7799, up roughly 0.2% from Friday's opening rate. The Canadian Dollar (CAD) began the week undermined by falling oil prices thanks to its crude-linked status.ExchangeRates2025-01-27

USD/CAD posts modest gains above 1.4350 amid Trump tariff uncertainty

USD/CAD posts modest gains above 1.4350 amid Trump tariff uncertaintyFX Street2025-01-27

USD/CAD moves below 1.4350 as Trump asks Fed to cut interest rates

USD/CAD extends its losses for the second consecutive day, trading around 1.4330 during the early European hours on Friday. This downside of the USD/CAD pair is attributed to the weaker US Dollar amid risk-on sentiment following recent remarks from US President Donald Trump late Thursday.FX Street2025-01-24

U.S. Dollar Retreats As Composite PMI Drops To 52.4: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving lower as traders increase their bets on dovish Fed.FXEmpire2025-01-24

USD/CAD Price Forecast: Declines to near 1.4320 as Trump endorses immediate rate cuts

The USD/CAD pair falls sharply to near 1.4320 in Friday's North American session. The Loonie pair faces a sharp sell-off as the US Dollar (USD) tumbles after United States (US) President Donald Trump calls for the need for immediate interest rate cuts in his speech at the World Economic Forum (WEF) at Davos.FX Street2025-01-24

USD/CAD wobbles around 1.4400 as investors shift focus to BoC-Fed monetary policy

The USD/CAD pair trades in a tight range around 1.4400 in Thursday's European session. The Loonie pair consolidates as investors shift their focus to the monetary policy meetings of the Federal Reserve (Fed) and the Bank of Canada (BoC), which are scheduled on Wednesday.FX Street2025-01-23

GBP/CAD Outlook: Canadian Dollar Advances on Pound amid Rising Oil Prices

The Pound (GBP) was subdued against the Canadian Dollar (CAD) on Thursday morning as a lack of market-moving UK data left the currency struggling for a clear direction. This meant Sterling was somewhat exposed to recent concerns about rising government borrowing costs.ExchangeRates2025-01-23

USD/CAD holds positive ground above 1.4350 ahead of US PMI release

USD/CAD holds positive ground above 1.4350 ahead of US PMI releaseFX Street2025-01-23