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Travelex Canada Exchange Rates – BER Review

 

In this article we take a look at Travelex Canada exchange rates and foreign currency services. Getting your travel money from the local Travelex branch is convenient but with a little planning (and ordering online) you can also save money for your next trip abroad.

Exchange Rates 4
Customer Service 4
Ease of Use 5

Travelex Canada Exchange Rates – How do they Compare?

Travelex Canada branches are a one stop shop, providing tons of helpful services to help you prep for an overseas trip. Travelex Canada provides foreign currency exchange, travel money cards, traveller’s cheques and foreign money transfer to bank accounts or cash pickup.

Travelex Canada Currency Exchange Rates vs the Banks

This travel money comparison table shows how much you could save on your next travel money purchase by ordering online for Travelex pickup vs the Average Bank Rate. This example shows you the situation where you want to change $CAD1000 for foreign cash, note the margins are compared to the current market mid-rate.

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money ProvidersAmount USD($)Exchange RateFee CADTotal CostCurrency ServicesDelivery/CollectDeal Links
Travelex Online CA logo
717.20 USD
Compare
0.7172$03.5%Online order, Branch pickup, Home delivery2-3 days
Royal Bank of Canada logo
701.40 USD
16 USD
0.701405.62%Branch-
TD Canada Trust logo
694.20 USD
23 USD
0.694206.59%Branch-
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
692.46 USD
25 USD
0.6971$106.83%Branch-
Scotiabank logo
681.79 USD
35 USD
0.6957$208.26%Branch-
Travelex Online CA: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7172 (3.5% from mid-rate)
USD amount:717.20 USD
Total Cost:3.5%
Time:
Rate Fetched: 8:47 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.7014 (5.62% from mid-rate)
USD amount:701.40 USD
Total Cost:5.62%
Time:8:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.6942 (6.59% from mid-rate)
USD amount:694.20 USD
Total Cost:6.59%
Time:8:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$10 CAD (1%)
Exchange Rate:0.6503 (12.5% from mid-rate)
USD amount:692.46 USD
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logoScotiabank

Scotiabank: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$20 CAD (Minimum fee)
Exchange Rate:0.6957 (6.39% from mid-rate)
USD amount:681.79 USD
Total Cost:8.26%
Time:8:47 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
05/24/2019
Travelex currency exchange rates vs bank average
 

Travelex Canada Exchange Rates – Savings Tip – Order Travel Cash Online for Better Currency Rates

Travelex provides an extensive and convenient branch network for people who prefer to do their foreign exchange in person at the local branch or last minute at the airport. This convenience comes at a cost with higher exchange rate margins, however, these can be minimised by pre-ordering your foreign cash online for pickup at the Travelex branch or another convenient location.

The important thing to know here is that you can get better rates online than available in branch.

Click on the link below to order your travel money online from Travelex and select to pick up at your foreign cash at your nearest located branch or even at the airport.


Order travel money online

Travelex logo Travelex UK

Save money for your trip by ordering your foreign cash online from Travelex, you can still pickup your money in person at any Travelex branch.

Free Home Delivery

Just order £500 or more of cash before 3pm to qualify for free next day delivery. So whether you’re travelling soon, or just can’t wait to get that holiday feeling, place your order now.


Sending money abroad with Travelex

It is possible to send money abroad with Travelex however for better exchange rates we recommend for bank to bank transfers, it is always better to use a FX specialist:

  • Find the best provider and rates with our comparison calculator.
  • Consider much cheaper and better options such as OFX.

Order foreign cash online for pick-up at your local Travelex branch or the airport – Save Time & Money.

 

Further Reading

 

Canadian Dollar Shockingly Undervalued, Analysts Say

The Canadian dollar might be worth considerably more towards the end of this year based on research by Scotiabank analysts who describe the currency as being “egregiously” undervalued.

Last update: 13 May, 2019

Dollar Turbocharged by Economic Data; At Long-Term High Versus Euro, Franc and Krona

A turbocharged US dollar is likely to be “stronger for longer” after reaching long-term highs against a host of major currencies, including the euro, Swiss franc and Swedish krona.

Last update: 25 Apr, 2019

Canadian Dollar to Lose a Further 5 Percent, Will Soon Buy Only US$0.71 (TD Securities)

Prospects for the Canadian dollar have turned “considerably to the downside” and the currency is likely to lose 5 percent of its value this year, TD Securities has said.

Last update: 19 Mar, 2019

  

Posted to: Reviews

 

1 Review for “Travelex Canada Exchange Rates – BER Review”

  1. BER Team BER Team says:

    BER rates Travelex Canada 4 stars for exchange rates (when you order online) and 5 stars for the usability of their website and apps and 4 stars for customer service.

    4.3

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