Currency Mart Inc. is a Canadian foreign exchange business registered with FINTRAC under Money Services Business license M11432814. Since 2009, we have completed over 170,000 transactions for more than 100,000 customers, exchanging over $300 million. Today, our 10 team members run four retail branches across Manitoba and Ontario, handling more than $40 million in trades each year. Select branches are open seven days a week.
We keep our rates lower than the big banks by combining smaller client orders into institutional-sized transactions with major Canadian commercial banks, passing the volume savings on to you. We also keep cash for over 50 foreign currencies in stock at our branches, so you can pick up the cash you need immediately without ordering days ahead.
Currency Mart opened in 2009 from an office on Portage Avenue in Winnipeg, conducting electronic funds transfers for corporate clients after registering with FINTRAC (license M11432814).
In 2013, we opened our first retail cash branch at 240 Graham Avenue in downtown Winnipeg, stocking foreign banknotes for travelers and offering discounts for pre-ordered currency. In 2014, we began posting our live exchange rates directly on our website so customers could compare rates anytime before calling or visiting.
We opened a second Winnipeg location in 2016 at St. Vital Shopping Centre to give South Winnipeg customers easy parking and extended hours on evenings and Sundays when banks are closed.
In 2018, Currency Mart expanded to Toronto, opening a branch in the downtown PATH network at the Richmond-Adelaide Centre. A second Ontario branch followed in 2019 at 5 Fairview Mall Drive in North York.
In 2020, we launched Currency Mart Online. The platform allows clients across Canada to book currency exchanges 24/7 from home, pay through their bank's bill payment system, and have funds settled within 24 to 48 hours.
We are continuing to scout new retail branch locations, focusing on the Greater Toronto Area with plans to expand into British Columbia and Quebec. Alongside physical counters, we continue to upgrade our online platform so customers can book trades, chat with staff, and make payments from anywhere in Canada.