Vancouver: Currency Exchange

 

 

The Canadian Dollar

 

The legal currency in Canada is the Canadian dollar (CAD or CA$).
Canadian currency comes in both paper bills/notes and coins.
There are currently five Canadian coins in circulation – nickel (5¢), dime (10¢), quarter (25¢), 'loonie' ($1 ) and 'toonie' ($2). The toonie has 2 colours--a silver rim around a gold-coloured centre, while the slightly smaller loonie are all gold-coloured. There is no longer a penny coin (1¢), so amounts are rounded up or down to the closest 5¢.
Canadian Dollar denominations ($5, $10, $20, $50, $100) are all in different colours. Many smaller establishments might not take high denominations bill like $50 or $100 due to fear of counterfeits, so carry smaller donominations like $20 or $10.

 

Money Exchange (Cash)

 

Usually airport, and hotels has worst rates and charges higher or in some cases exorbitant commission, so change only minimal required currency at these kinds of places.
Vancouver downtown has currency exchange counters locations like Ice Currency Services or Charlies currency exchange, however rates are usually little bit higher than banks.
In Canada, you'll get the best exchange rate at banks. If you are changing large amount of currency then it is worth checking few banks as every bank exchange rates and commission differs slightly.
You can also buy Canadian Dollars at home from your bank before getting on to the plane for Vancouver to get the good exchange rate.

 

Credit cards

 

Your credit card provides you with absolute best exchange rate for purchases in Canada. Please check beforehand with your bank for the additional fees on the top of exchange rate for using your card in foreign country before you decide to use you credit card. Visa and Master cards are widely accepted all over in the Greater Vancouver area establishments.

 

ATM

 

ATM machines are all over in Vancouver allows cash withdrawal in local CAD using international credits cards like Visa/Plus and Mastercard/Cirrus.

 

Traveller cheques

 

Traveller's cheques are accepted by hotels and most banks in Canada. Traveller cheques may be subject to a fee.

 

US dollars in Canada

 

USD is widely accepted in Canada in many private locations like Resturants or small shops, however exchange rate might not be in your favour.