Where to exchange money in Yellowknife
Are you heading to Yellowknife? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Yellowknife that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Yellowknife
Are you heading to Yellowknife? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Yellowknife that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Yellowknife
If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Yellowknife.
One reminder, though: there’s no such thing as fee-free or 0% commission foreign exchange transactions. So, always check the mid-market exchange rate in advance, so you know how much your money’s worth.
| Money Changer | Address | Contact Information |
|---|---|---|
| Money Mart | 100 Borden Dr, Yellowknife, NT X1A 2N7, Canada | +1 867-920-2954 |
| MoneyGram | 4902 Franklin Ave, Yellowknife, NT X1A 1C0, Canada | +1 867-873-2500 |
| MoneyGram | 4911 49 St, Yellowknife, NT X1A 1R0, Canada | +1 867-873-4055 |
| Canadian Tire | 328 Old Airport Rd, Yellowknife, NT X1A 3T3, Canada | +1 867-873-2403 |
| Staples | 314 Old Airport Rd Unit # 130, Yellowknife, NT X1A 2H4, Canada | +1 867-766-6220 |
| Liquor Shop | Stanton Plaza, 100 Borden Dr, Yellowknife, NT X1A 2N8, Canada | +1 867-669-7467 |
| Scotiabank | 5102 Franklin Ave, Yellowknife, NT X1A 3S8, Canada | +1 867-669-6000 |
| Walmart Supercentre | 313 Old Airport Rd, Yellowknife, NT X1A 3T3, Canada | +1 867-873-4545 |
| RBC Royal Bank | 4920 52 St, Yellowknife, NT X1A 3T1, Canada | +1 867-873-5961 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Canadian dollar rate today
The currency used in Yellowknife, as well as the rest of Canada is Canadian dollar.
However, when visiting a currency exchange shop you will notice they use currency codes. The code for Canadian dollar is CAD. Keep an eye out for this if you want to compare exchange rates.
What you should know about exchanging money in Yellowknife
When exchanging money in Yellowknife or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Canada long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Canadian dollars for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Canada banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Money exchange at the tip of your fingers
Out with carrying only cash when you're abroad. The world has gone digital and so can you.
With a Wise account you can exchange currency at any time, almost everywhere in the world.
Access over 70 currencies in just a few clicks and pay wherever you are with the Wise card.
Say goodbye to the analog way. Say hello to Wise
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Yellowknife. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.