Where to exchange money in Kelowna
If you're planning a trip to Kelowna, it's important to know how to get the currency of the country you’re visiting. Also, you might want to know the current exchange rate and the best places to withdraw cash.
So, on this page, we’ll show you the best places to exchange currency in Kelowna, and we’ll show you an alternative, Wise – which may be cheaper and help you save the effort of going to a physical location – but more on this later.
Currency exchanges in Kelowna
If you have a need to use cash, here are some recommendations to exchange foreign currency in Kelowna.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
Money Changer | Address | Contact Information |
---|---|---|
TCX Currency Exchange | Orchard Park Shopping Centre, 2271 Harvey Ave, Kelowna, BC V1Y 6H2, Canada | +1 250-860-5979 |
Canadian dollar rate today
The currency used in Kelowna, 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 Kelowna
When exchanging money in Kelowna 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 dollar 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.
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Bottom line
From the list above you should have plenty of options for finding a physical currency exchange in Kelowna. If you'd like more options, try searching on a search engine like Google.Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payment 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.