Where to exchange money in Markham
Before you set out exploring in Markham, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Markham that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
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 |
Canadian dollar rate today
The accepted currency in Markham and across Canada is the Canadian dollar.
However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the Canadian dollar is CAD. Keep an eye out for this code if you're comparing exchange rates.
What you should know about exchanging money in Markham
You can follow a few simple tips which could help save money when exchanging currency in Markham. By increasing your awareness you can be better prepared for currency exchanges wherever you are.
1. Beware of 'zero fee' services
Some services will claim 'no commission'. This can be misleading as they will often have hidden a markup by offering you a worse exchange rate.
2. Know the current exchange rate
Be familiar with the current exchange rate to help identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
The convenience of exchanging currency at airports and hotels often comes at a price. That price will come as poor exchange rates and high transaction fees. Try to use this as a last resort.
4. Avoid scams
Be cautious of street vendors or unofficial exchange services that may offer seemingly attractive rates. Stick to recognised establishments to avoid falling victim to scams or fraudulent practices. Your financial security should always be a top priority.
5. Opt for local currency
When using an ATM abroad, pick the option to be charged in Canadian dollar for a fairer rate to avoid undisclosed exchange rates. Picking the local currency will almost always be cheaper.
Consider an alternative to physical currency exchanges
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 bank details in 9 currencies.
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Bottom line
From the list above you should have plenty of options for finding a physical currency exchange in Markham. 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.