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 - 5:00 pm

 

Saturday & Sunday: Closed

 

downtown@currencymart.net

Today's Forex News

USD/CAD Price Forecast: Extends winning streak amid caution ahead of Liberation Day

The USD/CAD pair extends its winning streak for the third day on Monday. The Loonie pair jumps to near 1.4360 as investors expect the imposition of reciprocal tariffs by United States (US) President Donald Trump on so-called Liberation Day, which is Wednesday, will have a native impact on the Canadian economic outlook.FX Street2025-03-31

USD/CAD Daily Outlook

Intraday bias in USD/CAD stays neutral for the moment. Overall, corrective pattern from 1.4791 is still extending.Action Forex2025-03-31

Additional 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)

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.


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 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)”

Historical Forex News

USD/CAD holds gains above 1.4300 ahead of US PCE Price Index, Canada's GDP data

USD/CAD continues its upward momentum for the second consecutive day, trading around 1.4310 during Asian hours on Friday. The pair benefits from increased risk aversion driven by growing concerns over impending US auto tariffs.FX Street2025-03-28

USDCAD's faith remains tied to the April 2nd tariffs plan

The USDCAD pair continues to mostly range as traders await the April 2nd deadline. The Loonie's faith remains tied to the US tariffs plan that is going to be unveiled on Wednesday.Forex Live2025-03-28

USD/CAD Price Forecast: Holds above 1.4300 ahead of US PCE Inflation, Canadian GDP data

The USD/CAD pair rises to near 1.4330 during European trading hours on Friday. The Loonie pair trades higher ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for February and Canadian monthly Gross Domestic Product (GDP) data for January, which will be published at 12:30 GMT.FX Street2025-03-28

USD/CAD remains subdued near 1.4250 despite concerns over impending US auto tariffs

USD/CAD remains subdued for the fourth consecutive day, hovering around 1.4260 during Asian trading hours on Thursday. The pair is under pressure as the US Dollar (USD) weakens amid declining Treasury yields.FX Street2025-03-27

USD/CAD struggles to find acceptance above 1.4300 amid modest USD weakness

The USD/CAD pair builds on the previous day's modest bounce from the 1.4235 area, or over a one-month low, and gains some follow-through positive traction on Thursday. Spot prices stick to intraday gains through the first half of the European session and for now, seem to have snapped a three-day losing streak, though bulls seem to struggle to find acceptance above the 1.4300 mark.FX Street2025-03-27

Pound to Canadian Dollar Rate Weakens as UK Growth Forecast Halved

At the time of writing GBP/CAD traded at around CA$1.8372, down roughly 0.5% from Wednesday's opening rate. On Wednesday, the Pound (GBP) started the day on the defensive against most of its major trading partners.ExchangeRates2025-03-27

U.S. Dollar Pulls Back As Traders Focus On Tariffs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The better-than-expected GDP Growth Rate report did not provide support to the American currency.FXEmpire2025-03-27

USD/CAD Price Forecast: Slides for third straight trading day

The USD/CAD pair extends its downside move for the third day in a row on Wednesday and slides to near 1.4250. The Loonie pair weakens as the Canadian Dollar (CAD) traders higher against its peers, except antipodeans.FX Street2025-03-26

U.S. Dollar Gains Ground As Durable Goods Orders Beat Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Index is trying to climb above the strong resistance level.FXEmpire2025-03-26

USD/CAD climbs above 1.4300, upside potential appears as Trump's tariff announcement looms

USD/CAD is trading around 1.4320 during Tuesday's Asian session, recovering after losses in the previous session. The risk-sensitive pair is gaining as traders remain cautious ahead of US President Donald Trump's scheduled tariff announcement on April 2.FX Street2025-03-25

USD/CAD declines below 1.4300 as US Dollar slumps on Trump tariff woes

The USD/CAD pair falls sharply to near 1.4280 in North American trading hours on Tuesday. The Loonie pair declines as the US Dollar (USD) falls back after failing to hold onto Monday's gains.FX Street2025-03-25

USD/CAD to tick down to 1.42 amid stretched short-CAD positioning – Danske Bank

In Canadian Dollar (CAD) FX space, the reaction to PM Carney's snap election, scheduled for April 28, has been quite muted so far, Danske Bank's FX analyst Jesper Fjärstedt reports.FX Street2025-03-25

USD/CAD Outlook: How Long Will Canadian Dollar's Neutrality Last?

USD/CAD has been showing neutral price action in the short term. Over the last five sessions, price fluctuations have barely reached a 0.5% variation, as the pair continues hovering around a key barrier near the 1.43289 level.Forexcom2025-03-25

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

U.S. Dollar Index settled near the 104.00 level as traders reacted to economic reports.FXEmpire2025-03-25

U.S. Dollar Gains Ground As Composite PMI Beats Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Treasury yields moved higher, providing additional support to the American currency.FXEmpire2025-03-24

Pound to Canadian Dollar Week Ahead Forecast: Canada GDP Ahead

Last week, the Pound (GBP) rose against most of its major counterparts after the Bank of England's interest rate decision on Thursday. As expected, the central bank kept the interest rate unchanged during its March meeting, with 8 out of 9 Monetary Policy Committee (MPC) members voting to maintain the current rate.ExchangeRates2025-03-24

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