Best Currency Exchange in Toronto: Compare Rates & Providers

Compare currency exchange in Toronto before you convert: cash storefronts and the airport for travellers who need banknotes, and electronic services such as KnightsbridgeFX for larger amounts moved between bank accounts, with dated bank rates in both directions.

Do you need physical cash, or are you moving money between bank accounts?

I need cashCompare storefronts, your bank or the airport counter.Between bank accountsCompare an electronic quote with your bank.
Get a quoteCall 416-479-0834
  • Provider details checked November 3, 2026
  • Bank rates published November 3, 2026

What you get for US$10,000 at the banks today (selling USD)

13,994.00 CAD

At the Bank of Canada rate of 1.3994, November 3, 2026. This is an indicative reference rate, not a customer quote.

What the big banks would give you, from their public rate pages on November 3, 2026

BankYou getBelow the BoC rate
National Bank13,647.00 CAD347.00 CAD
Desjardins13,608.00 CAD386.00 CAD
TD13,571.00 CAD423.00 CAD
ScotiabankAbove its published limit: request a quote
RBCAbove its published limit: request a quote
See today's USD to CAD rates

Bank rates are taken from each bank's public rate page on the date shown and may differ for your amount or account. Confirm the rate with the provider before you exchange.

Between bank accounts

Why Toronto residents choose KnightsbridgeFX

An electronic currency exchange for larger amounts moved between bank accounts. It does not handle banknotes.

Compare KnightsbridgeFX with your bank

KnightsbridgeFX says it is "guaranteed to offer you a better exchange rate than your financial institution" and will beat a verified competitor quote. That is its claim, not a test result, so ask for its quote and your bank's on the same amount and compare the totals. More tips: ten ways to save on currency exchange.

Fast, simple electronic transfers

Funds arrive "generally same-day or next business day", the company says, depending on how you send them. Some take longer, and banks outside Canada may charge to receive a transfer. Its guide to wire transfer timeframes in Canada explains the delays. Its minimum is usually $2,000, "but we have some flexibility", and it says quoted rates include its fees.

Canadian service and trust information

Its head office at First Canadian Place, 100 King Street West, is by appointment only, not a walk-in counter. It publishes FINTRAC number M09819788 (check the registry) and says it is BBB accredited, A+. Registration is a legal requirement, not an endorsement or a guarantee of funds. See its currency exchange in Canada page and its personal currency exchange service.

Source: knightsbridgefx.com home, FAQ and contact pages, checked November 3, 2026. Rate tests on other dates: KnightsbridgeFX vs RBC and KnightsbridgeFX vs TD.

How KnightsbridgeFX works

Five steps, as the company describes them on its How it works page. The times are its own estimates.

  1. Sign up

    Register online and upload photo ID and a bank statement. The company says this takes about 3 minutes.

  2. Get verified

    Your account is approved once the documents are checked, usually in less than 1 business day, by the company's account.

  3. Book transaction

    Book the exchange in your online account or by phone, email or chat, and get the rate before you commit.

  4. Send funds

    Send your money by bill payment, Interac e-Transfer, wire or EFT from your own bank account. No cash or cheques.

  5. Receive funds

    The converted money goes to the account you name: yours, another person's or a company's.

Toronto currency exchange options compared

Cash and electronic options are different services, so compare each only with its own kind.

OptionCash in hand?What it isWatch for
Banks and credit unionsYes, often ordered aheadConvert between your accounts or order foreign cash. The cost is built into the published rate, which has limits by amount.Ask the branch for its rate on larger amounts.
Mall and street cash countersYesWalk-in counters that buy and sell banknotes. Each sets its own rate, and it moves during the day.Phone for the rate on your exact amount and ask about fees.
Airport countersYesICE and CIBC counters at Toronto Pearson, in Mississauga.Little time to compare. Keep it to a small top-up.
KnightsbridgeFX electronic transfersNo banknotesConverts money between bank accounts after you open and verify an account.Check the minimum and settlement time for your payment method.

Cash storefronts in Toronto

For foreign exchange in Toronto as banknotes. No rates are shown because none was phoned for this page; call or book online. Details from each website, checked November 3, 2026.

Interchange Financial, Toronto Downtown

Walk-in branch at Yonge and Dundas, plus USD and CAD conversion between your own bank accounts.

Book ahead
Online cash booking for pickup or home delivery. It says a booked rate is held for two hours.
Toronto Downtown: address and hours

20 Dundas Street West, Toronto, ON M5G 2C2

  • Monday10 a.m. to 6 p.m.
  • Tuesday10 a.m. to 6 p.m.
  • Wednesday10 a.m. to 6 p.m.
  • Thursday10 a.m. to 7 p.m.
  • Friday10 a.m. to 7 p.m.
  • Saturday10 a.m. to 4 p.m.
  • SundayClosed
North York: address and hours

5617 Yonge Street, Toronto, ON M2M 3S9

Hours not listed. Call before you go.

Continental Currency Exchange, Yorkdale

Walk-in counter in Yorkdale Shopping Centre that buys and sells foreign cash and moves money between Canadian and US accounts.

Book ahead
An online cash order form.
Yorkdale Shopping Centre: address and hours

3401 Dufferin Street, Unit 32C, Toronto, ON M6A 2T9, 416-787-1444

  • Monday9:30 a.m. to 8:00 p.m.
  • Tuesday9:30 a.m. to 8:00 p.m.
  • Wednesday9:30 a.m. to 8:00 p.m.
  • Thursday9:30 a.m. to 8:00 p.m.
  • Friday9:30 a.m. to 8:00 p.m.
  • Saturday10:00 a.m. to 6:00 p.m.
  • Sunday11:00 a.m. to 5:00 p.m.

Currency Mart, Toronto Downtown (PATH)

Walk-in counter in the PATH at the Richmond-Adelaide Centre, with a second branch in North York.

Book ahead
Pre-order to lock a rate, then pick up in branch.
Toronto Downtown (PATH): address and hours

120 Adelaide Street West, #R7, Toronto, ON M5H 1T1, 647-812-2286

  • Monday8:30 a.m. to 6:30 p.m.
  • Tuesday8:30 a.m. to 6:30 p.m.
  • Wednesday8:30 a.m. to 6:30 p.m.
  • Thursday8:30 a.m. to 7:00 p.m.
  • Friday8:30 a.m. to 7:00 p.m.
  • SaturdayClosed
  • SundayClosed
North York: address and hours

4841 Yonge Street, Unit 237D, Toronto, ON M2N 5X2, 647-812-2876

  • Monday9:30 a.m. to 6:00 p.m.
  • Tuesday9:30 a.m. to 6:00 p.m.
  • Wednesday9:30 a.m. to 6:00 p.m.
  • Thursday9:30 a.m. to 7:00 p.m.
  • Friday9:30 a.m. to 7:00 p.m.
  • Saturday10:00 a.m. to 4:00 p.m.

Sunday is not listed.

Big bank rates for buying and selling USD

Each bank's published non-cash rate on November 3, 2026, in CAD per US dollar, on US$5,000. No separate fee is published with these rates.

Buying US dollars (you pay CAD)

Total CAD cost = US$5,000 × the bank's rate. Lower is better.

BankRateTotal CAD cost on US$5,000Read at (ET)Limits
RBC1.4290C$7,145.008:52 a.m.Published rate illustration, applies up to CAD $10,000 (page: "To get a rate for conversions over CAD$10,000, please contact your local RBC Branch.")
Desjardins1.4306C$7,153.008:54 a.m.Cheque or draft, maximum 15,000 USD
National Bank1.4307C$7,153.508:54 a.m.Published rate illustration, no amount limit shown
Scotiabank1.4327C$7,163.508:53 a.m.Published rate illustration, applies up to $9,999
TD1.4362C$7,181.008:53 a.m.Published rate illustration, no amount limit shown

Selling US dollars (you receive CAD)

Final CAD payout = US$5,000 × the bank's rate. Higher is better.

BankRateFinal CAD payout on US$5,000Read at (ET)Limits
National Bank1.3647C$6,823.508:54 a.m.Published rate illustration, no amount limit shown
Desjardins1.3608C$6,804.008:54 a.m.Cheque or draft, maximum 15,000 USD
TD1.3571C$6,785.508:53 a.m.Published rate illustration, no amount limit shown
Scotiabank1.3557C$6,778.508:53 a.m.Published rate illustration, applies up to $9,999
RBC1.3551C$6,775.508:52 a.m.Published rate illustration, applies up to CAD $10,000 (page: "To get a rate for conversions over CAD$10,000, please contact your local RBC Branch.")

Published rates are illustrations, not quotes, and cash rates differ. BMO publishes only cash rates and CIBC needs sign-in, so neither is compared. The Bank of Canada rate for November 3, 2026 was 1.3994, a reference only (Bank of Canada). Daily figures: USD to CAD and CAD to USD.

Toronto Pearson airport counters

Toronto Pearson, in Mississauga, names International Currency Exchange (ICE) and CIBC as its currency exchange partners, with counters in Terminals 1 and 3, before and after security. Use them for a small top-up and change larger amounts before you travel. KnightsbridgeFX explains how airport exchange rates work. Source: torontopearson.com, checked November 3, 2026.

  • ICE, Terminal 1, before security, arrivals5:00 a.m. to 10:00 p.m., daily
  • ICE, Terminal 3, before security, departures4:00 a.m. to 11:00 p.m., daily

Who we help in Toronto

Larger conversions between accounts are where a quote is worth comparing.

Snowbirds spending winters in the United States

Moving CAD into a US account each season is a larger, repeat conversion, which suits an electronic quote more than cash.

Read KnightsbridgeFX on snowbird currency exchange and its guide to US snowbird destinations.

Canadians buying or maintaining U.S. property

Deposits, closing funds, property tax and condo fees are large payments with deadlines, so ask how long settlement takes before you book.

Read KnightsbridgeFX on real estate currency exchange.

Import, export and cross-border businesses

Businesses paying US suppliers or receiving US revenue can compare a quote on each invoice with the bank. KnightsbridgeFX says it can send funds to a company account.

Students and professionals abroad

Tuition and living costs abroad are paid from a bank account, not with cash. Compare the final amount received, and ask whether the receiving bank charges a fee.

Start your currency exchange

Compare final CAD figures for the same amount, direction and service, taken close together.

Buying USD

Total CAD cost = USD amount × rate + fees in CAD

Selling USD

Final CAD payout = USD amount × rate − fees in CAD

Open a KnightsbridgeFX account

You need an account before you can book. Sign-up asks for photo ID and a bank statement, and KnightsbridgeFX does not list a fee for opening one. Once you are verified, ask for a quote on your amount.

Sign up

Call for a quote

Tell the desk your amount, whether you are buying or selling USD, and where the money is going. Ask for the rate with fees included and the settlement time.

Call 416-479-0834

Check two quotes

I am
Quote A
Quote B

Enter an amount and Quote A.

Enter Quote B.

Nothing you type is sent anywhere. A bank's published rate is an illustration, not a quote.

Request a current quote. Ask for the rate on your exact amount and direction, every fee in CAD, how long the rate is held and the settlement time.

Currency exchange near Toronto

Looking for currency exchange near Toronto? Your options depend on whether you need physical cash or an electronic transfer. Compare services for your currency, amount and deadline.

If you are searching for money exchange in Toronto from a nearby city, the same choice applies. These are places this guide covers, not office locations.

  • Mississauga
  • Brampton
  • Vaughan
  • Markham
  • Richmond Hill
  • Oakville
  • Burlington
  • Milton
  • Pickering
  • Ajax
  • Whitby
  • Oshawa

Toronto areas

  • Downtown Toronto
  • North York
  • Scarborough
  • Etobicoke
  • East York
  • York

Toronto currency exchange FAQs

There are three ways. Buy US cash at a storefront or bank branch, convert between your own CAD and USD accounts at your bank, or use an electronic exchange such as KnightsbridgeFX. Phone ahead for cash. For a larger amount between accounts, get a written quote and compare the total CAD cost with your bank.

Start with whether you need cash. Downtown, Interchange Financial is at Yonge and Dundas and Currency Mart is in the PATH at 120 Adelaide Street West. Continental is in Yorkdale. Phone two or three for the rate on your exact amount, and look each one up in the public FINTRAC registry.

Downtown has walk-in cash counters, including Interchange Financial at 20 Dundas Street West and Currency Mart in the PATH, plus bank branches. KnightsbridgeFX has an appointment-only office at First Canadian Place, but it converts money between bank accounts and does not exchange cash.

There is no single answer, and this page has no same-day Toronto quotes to rank providers. For travel cash, compare storefront quotes on your amount. For a larger transfer between accounts, compare an electronic quote, such as one from KnightsbridgeFX, with your bank on the same day, including fees.

Only for a small amount you need at the last minute. Pearson, which is in Mississauga, has ICE and CIBC counters in Terminals 1 and 3, but there is little time to compare. Change larger amounts before you leave for the airport, and ask the counter for its rate and fee first.

How this page was put together

Provider details come from each provider's website, read November 3, 2026; company claims are quoted as theirs. Bank rates are published non-cash rates with the time read. No Toronto provider has been phoned, priced or ranked, and FINTRAC and BBB details are as each company states them.

General information, not financial advice. Confirm rates, fees and registration with the provider before you exchange.