Canada currency exchange · Currency exchange in Canada
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Currency exchange in Canada
Currency exchange in Canada
In all cities and towns, it is possible to convert between Canadian dollars and most major currencies at many banks. In addition, most retailers in Canada will accept US currency either at par or at slightly reduced value. All Canadian banks provide currency exchange at the daily market value. In some areas, private exchange bureaus will give better exchange rates and lower fees than banks, so if you have time during your travels to look one up. It might save you some money on the exchange both when you arrive and before you leave, because Canadian dollars may not be worth as much in your home country, particularly the coin.
Private businesses are under no obligation to exchange currency at international rates. Even in the most rural areas, converting between Canadian and American dollars should not pose a problem, although travelers expecting to convert other currencies at a Canadian bank may need to be patient. In fact, most tourist destinations will accept American dollars as such, and are most likely to give a very good exchange rate. This is particularly true of regions that rely on tourism as a cornerstone of their local economy.
As Canadian Banks cash Canadian dollar travellers cheques free of charge, almost all businesses will do the same. This makes travellers cheques a safe and convenient way to carry money in Canada.
Many businesses across Canada accept US Currency based on their own exchange rate for general purchases. Bills are taken with the current exchange rate. US and Canadian coins, however, are similar in size, so they are used interchangably; it is quite common for change to be given in a mix of Canadian and US coins. Almost all automatic vending machines will reject US coins.
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Canada Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.