Last Updated on 8 months by Anoob P T
Wondering which is the best place for Currency Exchange in Calgary Canada? Here are 5 Top currency exchanges in Calgary Canada along with some frequently asked questions about currency exchange.
Currency Exchange in Calgary Canada: Exchange Rate & Best Places
Table of Contents
Canax Forex Currency Services
Established in 2013, they are one of the most trusted foreign exchange services in Calgary. They offer guaranteed best exchange rate for your funds. Canax facilitated the transfer of currencies in a global scenario. They are one of the few Canadian financial institutions that affords wholesale banknote services in a variety of currencies.
Canax Forex is located in Eau Claire Market. You can contact them through:
- Phone: (587) 351-5553
- Email: info@canexforex.com
- Address: 199, 200 Barclay Parade SW, Calgary, AB T2P 4R5
Calforex Currency Service
Calforex was established in 1983 and today operates in many retail locations like British Columbia, Alberta, Ontario and Quebec. They provide best rates on foreign exchange. Moreover, they have the widest collection of foreign currencies available in stock. Calforex provides services to individuals, local companies and non-cash international money transfer services.
Calforex Currency Exchange Calgary Downtown is located on the ground floor of the CORE Shopping Centre (next to Indigo, across from Starbucks). You can contact them through:
- Phone: (403)290-0330
- Address: Downtown
317 7th Avenue SW
Calgary, AB
T2P 2Y9
You can also find Calforex Currency Services in Chinook Centre Mall.
- Phone: (403) 705-0295
- Address: Chinook Centre
218, 6455 MacLeod Trail S.W.
Calgary, Alberta
T2H 0K8
Albern Coins and Foreign Exchange
Albern services are mainly focussed on the exchange rates of bullions. They offer best price for stacking. They are located in Central Landmark. You can contact them via:
- Phone: (403)276-8938
- Address: 1615 Centre St N, Calgary, AB T2E 2S2, Canada
Olympia Trust Currency and Global Payments
Olympia Trust company offers clients better service and exchange rates better than the banks. They provide corporate services, personal services as well as a trading platform. The most suitable solutions with the highest level of professionalism and integrity are ensured by Olympia.
You can contact Olympia in Calgary through:
- Main: (403)770-6350
1.866.752.7135 (toll free)
- Fax: 403.770.6910
- Email: cgpinfo@olympiatrust.com
- Address: 2700, 125-9 Avenue SE
Calgary, AB, T2G 0P6, Canada
International Currency Exchange
ICE has three locations, at the Calgary Market Mall, at Sunridge Mall and in the First Canadian Centre, close to Courthouse Park. You can also order your currencies online and pick them up in-store seven days a week for best deals.
You can contact ICE at the Calgary Market Mall via:
- Address: 3625 Shaganappi Trail NW, Calgary, AB T3A 0E2, Canada
- Phone: +1 833-919-0823
At the Sunridge Mall,
- Address: Sunridge Mall, 2525 36 St NE, Calgary, AB T1Y 5T4, Canada
- Phone: +1 833-919-0823
In the First Canadian Centre,
- Address: 321 6 Ave SW Unit 125, Calgary, AB T2P 0B2, Canada.
- Phone: +1 403-263-9000
Exchange Rate in Calgary
The exchange depends upon the foreign currency exchange centre you choose. You can get the best deal in exchange rates by keeping a few things on your mind. Some tips are:
- Look for best deals online: you can look up for different exchange centres and compare their exchange rates to get the best deal.
- Search for the market rate: look up in Google or any search engine to know where mid-market rate is sitting at. This is the rate the banks trade at and you should look for an exchange rate that’s as close as possible.
- Try to pay with cash: if you are paying with a debit or credit card, you may not save money on hidden charges and poor exchange rates.
- ATMs can be expensive: even though ATMs are convenient, they could also be expensive on foreign exchange. Look for a decent kiosk to get better rates and avoid hidden charges.
- Airport is not a good option: Airport vendors often offer even worse rates and fees than ATMs. Plan ahead by pre-buying currency at home to avoid high prices. Hence, do not exchange money at airport.
Frequently Asked Questions Currency Exchange in Calgary Canada
Should I exchange money before going to Canada?
Exchanging money before-hand will be a good option, as you will have some money in hand when you arrive in Canada. As airports offer worse exchange rates, you can choose ATMs or banks for the conversion. If you have the local currency before reaching airport, you will not be required to exchange it there.
Is it illegal to exchange currency with a friend in Canada?
The Canadian foreign exchange laws allow exchange of currency both to and from Canada. You can buy or sell foreign currency from another person, with the exception of a few currencies.
Can you exchange currency at any bank?
Bank is one of the best ways to exchange your currency in Canada. Other options are kiosks or ATMs. Banks offer good exchange rates and are reliable. Most banks exchange US dollars for your foreign currency if you have a savings account or credit card with them.
What is the best way to exchange currency?
The best way is to exchange currency from your bank or credit union. You can do this before or after reaching Canada. Prefer the ATMs of your financial institution when abroad.
Is it better to exchange money abroad or at home country?
This depends on the currency you want to exchange or the country you are in. In some cases, the banks in the other country could give you best exchange rates than those in your home country. However, after the travel, airports are never a good option for exchange and leaves you with no money in hand when you reach a country.
Which bank is best for currency exchange?
Your local bank can give you best exchange rates for the foreign currency. The exchange currency provider at airports will not be able to give you better deals than your local bank. You can also use the ATMs of your bank when in abroad. Some banks like Bank of America or Citi Bank might not charge a fee and offer options like mailing you the currency or online transaction.
Where can I exchange currency for free?
One way is to approach your local bank and its ATMs. You can also visit your bank branch in the country you are visiting to get best exchange rates. Another option is to order currency online.
Recommended Reads
