Where to exchange money in Markham
Are you heading to Markham? 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 Markham 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 Markham
If you have a need to use cash, here are some recommendations to exchange foreign currency in Markham.
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 |
|---|---|---|
| Interchange Financial Currency Exchange | 3621 Hwy 7 #101, Markham, ON L3R 0G6, Canada | +1 905-475-7799 |
| Continental Currency Exchange | Markville Shopping Centre, 5000 Hwy 7 Unit 2235, Markham, ON L3R 4M9, Canada | +1 905-475-1500 |
| Bala Selvam Foreign Exchange | Newtown Square, 25 Karachi Dr Unit #16, Markham, ON L3S 0B5, Canada | +1 905-209-4100 |
| MTFX Foreign Exchange | 2750 14th Ave #306, Markham, ON L3R 0B6, Canada | +1 800-832-5104 |
| صرافي هانا|Hannah exchange | 8763 Bayview Ave #116, Richmond Hill, ON L4B 3V1, Canada | +1 905-763-9555 |
| Pioneer Money Transfer Inc | 6055 Steeles Ave E UNIT 117, Scarborough, ON M1X 0A7, Canada | +1 416-613-1888 |
| Lumiere Currency Exchange | 8165 Yonge St, Thornhill, ON L3T 2C6, Canada | +1 416-542-1111 |
| MMP Exchange صرافی | 7181 Yonge St Unit 64, Vaughan, ON L3T 0C7, Canada | +1 905-886-8999 |
| Money Express | 7181 Yonge St Unit 24, Markham, ON L3T 0C7, Canada | +1 647-812-7797 |
| New York Currency Exchange | 7368 Yonge St #8A, Thornhill, ON L4J 8H9, Canada | +1 905-597-8787 |
| CURRENCY SHOPPE Richmond Hill Golden Plaza | 330 Hwy 7 #102b, Richmond Hill, ON L4B 3P8, Canada | +1 289-597-7601 |
| Money Mart | 5799 Hwy 7, Markham, ON L3P 1A5, Canada | +1 905-201-2622 |
| Prasanna Money Exchange | 3341 Markham Rd, Scarborough, ON M1X 0A5, Canada | +1 416-293-1700 |
| Money Mart | 5981 Steeles Ave E, Scarborough, ON M1V 5P7, Canada | +1 416-298-6767 |
| JAHAN ARZ CURRENCY EXCHANGE | 9218 Yonge St, Richmond Hill, ON L4C 7A2, Canada | +1 416-477-1058 |
| Kantor Currency Exchange | 390 Steeles Ave W #18, Thornhill, ON L4J 6X2, Canada | +1 905-482-8620 |
| Danesh Exchange صرافی دانش | 8763 Bayview Ave #120, Richmond Hill, ON L4B 3V1, Canada | +1 416-666-3080 |
| BitTrust Cryptocurrency Exchange Buy/Sell | 143-7181 Yonge St Shops on Yonge, Markham, ON L3T 0C7, Canada | +1 416-666-1385 |
| Kiyan Exchange Toronto Canada صرافی کیان تورنتو کانادا | 7378 Yonge St #22b, Thornhill, ON L4J 8J1, Canada | +1 647-554-7000 |
| Amin Exchange | 7181 Yonge St, Thornhill, ON L3T 0C7, Canada | - |
Canadian dollar rate today
First off, in case you’re wondering something along the lines of “does Canada use Canadian dollar?”, the answer is yes. The currency in Markham — and the rest of Canada— is Canadian dollar
You can also find it written as CAD in currency exchange shops.
What you should know about exchanging money in Markham
When exchanging money in Markham 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. 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.
2. Research 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. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. 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.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Markham. 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.