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Delivery foreign cash to you in 4 days
Online Exchange 24/7
120 Adelaide St W #R7 Toronto, ON M5H 1T1
Monday - Friday: 9:00am - 6:00pm
Please call for hour during pandemic
(647) 812-2286
torontopath@currencymart.ca
Cash
Debit Card
Canadian dollar bank draft payable to "Currency Mart"
US dollar wire transfer
Cash
Canadian dollar eTransfer (Max $10,0000/day)
Canadian or US currency cheque payable to customer's name
Canadian or US currency dollar wire transfer
Canadian or US currency dollar electrical fund transfer (arrive next business day)
Foreign 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 forex trading volume.Currency Mart acts as a counterparty to an off-exchange or an over-the-counter forex transaction of cash, financial instruments, futures contracts, options on futures contracts. Foreigin exchange is a decentralized market and operates 24 hours per day around the globe. London, New York and Tokyo are the 3 major foreign exchange markets and followed by cities of Hong Kong and Singapore. Decentralized market means each foreign exchange broker offers its own buy in and sell out exchange rates, which are based on the demand, inventory and supply of the particular dealer and also the interbank rates at that moment, so exchange rates at the same moment are similar but different broker to broker.
Annually, about $600 billion Canadian dollars exchagned to other currencies, over 50% are 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 4 major banks, banks count 90% of market transaction volumn. Beside banks, large corporations who deal with petro 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.
Toronto is the major city for Canadian dollar exchange, followed by Vancouver, Montreal and Calgary. Toronto, headquarters of 5 major Canadian banks which own over 90% of Canadian financial market share, has the most comeptitive foreign exchange market and most favourable foreign exchange rates available for both wholesale and retail customers.
Currency Mart acts as market makers between individuals and will charge a fee or commission for their services. While there is some oversight of retail foreign exchange dealing, many of the standard FINTRAC rules for brokers and dealers might apply to forex transactions. Currency Mart Toronto branch is inside the Toronto PATH in downtown, Richmond-Adelaide Centre section, around 1 block away, north of Toronto financial core. Around Current Mart Toronto branch, there are 67 skyscrapers, more than 175 office buildings and around half a million people working around.
We keep US dollar, Euro, Pound sterling, Japanese Yen, Mexican peso and other 50 currencies always in stock. In addition, we can bring in another 20 currencines to this branch in 1 day
Currency Mart acts as market makers between individuals and will charge a fee or commission for their services. While there is some oversight of retail foreign exchange dealing, many of the standard FINTRAC rules for brokers and dealers might apply to forex transactions. Currency Mart Toronto branch is inside the Toronto PATH in downtown, Richmond-Adelaide Centre section, around 1 block away, north of Toronto financial core. Around Current Mart Toronto branch, there are 67 skyscrapers, more than 175 office buildings and around half a million people working around.
We keep US dollar, Euro, Pound sterling, Japanese Yen, Mexican peso and other 50 currencies always in stock. In addition, we can bring in another 20 currencines to this branch in 1 day