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Exchange rate

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Pittsburgh
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367 posts
91 reviews
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Exchange rate

We will be in Niagara Falls on Sunday and when I called our hotel to confirm reservations they suggested that we exchange our american money for canadian money before we pay at their front desk because they only give an exchange of .10 and it is actually .21 at the current time. Can anyone tell me where is the best place to exchange american money once we get to Canada? I've been trying to call our local AAA office but they seem to be closed today. Thank you!

West Grey, Ontario
Destination Expert
for Toronto
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71,733 posts
87 reviews
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1. Re: Exchange rate

Hi;

I beleive that the casinos provide the best exchange rates. In Niagara Falls CANADA, you have a choice of Casino Niagara & Fallsview Casino.

Many businesses will accept American currency as a courtesy to American tourists. Businesses that choose to accept US dollars set their own exchange rate, so you may find the rate different from store to store. You will receive your change in Canadian funds. Coins, as a general rule, are accepted at face value…at par.

For some money saving tips, read the traveler article “Canada – Banks & Money” here on TA.

tripadvisor.com/Travel-g153339-s601/Canada:B…

Best Regards

Jasper, Canada
Destination Expert
for Jasper, Jasper National Park, Canadian Rockies
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17,931 posts
107 reviews
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2. Re: Exchange rate

Or pay by credit card, and let the credit card company do the conversion for you. It may cost you a couple of percent over the rate you might be able to get elsewhere, but it'll be better than what the hotel would give you ... consider it a small convenience fee. Always a good idea, though, to check what fees apply for your particular type of card.

Another option is to use an ATM to withdraw Canadian cash.

I note that TD Canada Trust's and RBC's (two of the "Big Five" banks in Canada) published US exchange rate today is $1.1952 (non cash rate, cash will be slightly less) and 1.187.

…matan.ca/Canadian-Dollar-US-Dollar-Foreign-…

Pittsburgh
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367 posts
91 reviews
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3. Re: Exchange rate

I've checked with my credit cards and both MasterCard and Visa charge a 3% service fee to do the exchange rate but Discover does not charge anything BUT Discover may or may not be accepted everywhere in Niagara Falls. I think we will exchange some money at the casinos and place the rest of our purchases on our credit card - Discover if at all possible! Weather looks like it should NOT be a problem while we are there (Sunday through Tuesday).

Pittsburgh
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367 posts
91 reviews
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4. Re: Exchange rate

I can now answer the exchange rate question for anyone else who might be wondering. The exchange rate today at the banks was .21 and the casinos were giving .18.

Rockmart, Georgia
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19 posts
11 reviews
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5. Re: Exchange rate

I read somewhere to exhange your money while you're still in the US, before going into Canada. Does anyone in the know agree with this?

Toronto, Canada
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6,858 posts
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6. Re: Exchange rate

It depends. You could certainly go in to your bank and ask if they have Canadian dollars (they may have to special-order them from head office), if there's a fee, and what their rate is. But you should check the rate just before you go (eg. using XE.com -- beware that it changes constantly). The rate at your bank should be within 3%. Ditto with a standalone currency exchange place, but the most prominent ones tend to be tourist traps and have high fees, terrible rates, or both.

You certainly wouldn't be the first to drive across the border with only US dollars in your pocket. Credit cards will work just fine, and until you get a chance to stop by the casino, you can use US cash in a pinch.

Clifton Park,NY
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558 posts
20 reviews
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7. Re: Exchange rate

I have exchanged at the Duty Free before crossing and usually get a good rate.

cincinnati ohio
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77 posts
32 reviews
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8. Re: Exchange rate

wheres the duty free area that beanie was talking about? is that near customs? i have to figure this all up before we go.which wont be til mid oct.but i like to be well informed.

cincinnati ohio
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77 posts
32 reviews
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9. Re: Exchange rate

wheres the duty free area that beanie was talking about? is that near customs? i have to figure this all up before we go.which wont be til mid oct.but i like to be well informed.

cincinnati ohio
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77 posts
32 reviews
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10. Re: Exchange rate

opps posted this twice.sorry.the first time it didnt go thru.is it cheaper to buy stuff on the US side rather than the canadian side?i know when i went to BC i wanted to buy something but i didnt dare because of the exchange rate.i didnt know if it was a bargin or they were hiking up the price for us foreingers.