Where Is Best Place to Do Currency Exchange

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Whether you're feeding the ducks at Assiniboine Park, taking in a history lesson at the Canadian Museum of Human Rights or grabbing a late lunch at The Forks – chances are you're going to need some cash for your stay in Winnipeg. We're here to help you find the best foreign currency exchange to meet your needs.

Who can change my money in Winnipeg?

Currency Mart has a couple of branches in downtown Winnipeg, in both the Cargill Building on Graham Avenue and in St Vital shopping centre on St Mary's Road. You can preorder currency to pick up for a fee, and both branches are open six days a week.

This national chain has two locations in Winnipeg at both the airport and on Portage Avenue. You can order currency through their website and they're open six days a week, excluding Sundays.

This local favorite is conveniently located on Portage Avenue. It's easy to order travel cash online but they'll only let you collect it from Monday to Friday since they're closed on weekends.

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Tips for getting the best deal when exchanging money

• Find quotes online. Check rates online before going into a store so that you get a feel for what a "good deal" looks like.
• Know the mid-market rate. Use Google or Reuters to look up the mid-market rate (the rate the banks trade at) and compare this to what's on offer.
• Avoid paying with plastic. You can avoid hidden charges and fees from your bank if you pay for your currency with cash.
• Steer clear of ATMs. ATMs are convenient and therefore tempting, especially if you're in a rush, but they also come with high fees and dismal exchange rates.
• Try not to use airport vendors. Kiosks at the airport tend to be more expensive so if you can manage to get into town before you exchange your currency, it could save you a bundle.
• Ask for a price match. If you've found a better deal online or at another kiosk, don't be afraid to barter. There's no harm in trying and you might even walk out with a better deal.

Compare money transfer services

Similar to foreign currency exchange, an international money transfer is one possible way to send local currency to a loved one overseas. Our table below lets you compare fees and exchange rates for reputable money transfer specialists operating out of Canada.

The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

Picture: Shutterstock

Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, along with an Associate's Degree in Science from Camosun College. Much of Claire's coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. She has also worked extensively in the field of "Blended Finance" with the Canadian government. In her spare time, Claire loves rock climbing, travelling and drinking inordinate amounts of coffee.

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Where Is Best Place to Do Currency Exchange

Source: https://www.finder.com/ca/currency-exchange-winnipeg

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