Currency Exchange in Ottawa: Know All the Major Service Providers

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The students going abroad to study have to manage day-to-day expenses in the local currency. They have to pay the fee in advance, pay to the landlord or hostel and also meet their grocery and personal needs. This requires immediate conversion of the currency. When travelling to Ottawa, a student requires Canadian dollars (CAD) so it is very important to understand how and where the student can exchange currency efficiently. Let’s check some of the best places to exchange currency in Ottawa.

Dewan Currency Exchange

The Dewan Currency Exchange understands that the process of money conversion should be easy and convenient as money is the first and foremost requirement especially when a student flies abroad to study. They provide a platform to access and trace the money so that transparency is maintained.

Dewan currency exchange aims to provide security of the money as well as transactions so that the customers’ data is not leaked. With innumerable other features, The Diwan exchange has become a trusted name for customers. Some other features of the currency exchange are as follows:

  • Safe transfer to many countries: Dewan Exchange has a viable staff that helps you to transfer your hard-earned money securely to many countries across the globe. You can transfer money to Ottawa or from it to your country.
  • Fast: Diwan Currency Exchange provides 24/7 service for a fast and quick exchange of currency within the safety and security of your home. Please provide information about the money denominations that need to be transferred to your account and it will be done on the same day.
  • Best Rates: The employees at Diwan Currency Exchange are always in vigil of the currency exchange rates through Forex and also the value of the currency such that they provide you with the best exchange rate in the most simplified form. A simple and affordable fee is charged in return.
  • Friendly and safe environment: The security systems at Diwan Currency Exchange are well built to be trusted with no leaking of the data of the individuals. The money is safely transferred to the bank to avoid all the hassles that arise otherwise.
Location604 Rideau St, Ottawa, ON K1N 6C6
Opening HoursMonday to Saturday: 9 am to 7 pm

How to reach?

Ultimate Currency Exchange

A fast, convenient professional service provider is the Ultimate currency exchange in Ottawa. It offers better rates than the 5 big Canadian banks in Canada and delivers the service fast for the best experience. They do not even charge any commission on the rate offered. 

The rate told is the rate of the money that enters your wallet. The reliability and trust have made Ultimate Currency Exchange a name among the top currency exchange services. Some important services offered by Ultimate Currency Exchange are as follows:

  • Fee Charged: Ultimate Currency Exchange does not charge any commission or fee on the foreign currency exchange but the rates vary. The best rates are provided to the customers.
  • Facility for online and offline exchange: Ultimate Currency Exchange provides both online and offline facilities for exchange. It is known for its cooperative and friendly employees and well-developed online portal for exchange.
  • Exchange Online: Ultimate Currency Exchange allows its customers to experience the best online service for hassle-free exchange. If you are living anywhere in Canada then you can get the currency exchanged online and it will be delivered to your address.
  • Track Money converter facility: Travelex through its money converter app provides the latest information on value to money each day. It is a facility to use to keep track of the money value in different currencies. 
Location2573, Carling Ave. Ottawa, ON K2B 7H7
Opening HoursMonday – Friday: 9:30 am to 5:30 pm
Saturday: 10 am to 5 pm

How to reach?

Altaif Currency Exchange Ottawa

The Altaif Currency Exchange is a name of consistency. They focus on providing unbeatable rates to the customers requiring currency exchange. Altaif keeps its customers as the top priority of service and has therefore made a mark as the best financial service provider.

Altaif acclaims integrity and ethical commitment in the field of finances and works in this direction only. Other features of Altaif worth trying are as follows:

  • Get currency exchange rates: Altaif gives you the best currency exchange rates to compare through its apps. You can see the rates and compare them yourself as well. Altaif believes in giving the simple, straightforward and clear so it brings them to the forefront.
  • Money Transfer: Altaif keeps a large number of reliable agents for the safest money transfer. They offer prices at highly competitive rates.
  • Foreign cash online: A student studying abroad can order cash online and collect it from their store. It saves time and delivers the cash immediately. The minimum amount per order is CAD 250 and the daily limit is CAD 2,500
  • No Transaction Fee: Altaif does not charge any transaction fee from its customers. Currency is sold at the prevailing retail rates of exchange. There is however a minimum shipping and insurance fee charged for the transactions that are not made in their retail office.
Location1729 Bank St, Ottawa, ON K1V 7Z5
Opening HoursMonday to Friday: 10 am to 6 pm
Saturday: 10:30 am to 5 pm
Sunday: 11 am to 4 pm

How to reach?

Money Mart

The Money Mart has been providing currency exchange and payday loans for the past 30 years. Students can benefit from their service by visiting their centre of location online. They can help travellers and foreign nationals holidaying or going to Canada by exchanging their valuable money. They exchange 26 currencies in their centres Some good features that attract customers are as follows:

  • Buyback guarantee: When you are buying currency from a money bank then there is an assurance of buyback also. They charge only CAD 4.49 and assure a money-back guarantee at the same rate when you sell the funds that have not been used by you.
  • Cash Commitment: You can receive cash of the exchanged currency at Current market exchange rates plus CAD 5.49 currency exchange transaction fee added to it.
Location81 & 83 Bank St, Ottawa, ON K1P 5N8, Canada
Opening HoursMonday to Friday: 8 am to 8 pm
Saturday: 9 am to 5 pm

How to reach?

Babylon Monetary Exchange

The Babylon Monetary Exchange is quite fast at making financial transactions and a convenient way to exchange money in Ottawa. It is located at 2535 Bank St, Ottawa. The currency exchange service is indulged in a number of allied services like money transfer, wire transfer, money wire bank wire etc. The special services rendered here are as follows:

  • Currency availability: At Babylon Monetary Exchange there are a large number of indigenous and exotic currencies readily available to meet the immediate requirements of the customers.
  • Competitive rates guaranteed: The Crown Currency Exchange offers the best rate for the exchange of foreign currency.
  • Large & small transactions: It offers both large value notes and smaller denominations helping the youth in all major transactions.
  • Cooperative team: They have a friendly, hardworking and dedicated staff that is always ready to deliver the highest quality of service to the satisfaction of the customer. They understand the needs of the foreign students.
  • No commission or fees: They make currency transfer offers to most countries worldwide for a flat fee of $7 CAD for up to $7000 CAD. There is no commission charged.
Location2535 Bank St, Ottawa, ON K1V8R9
Opening HoursMonday to Saturday: 10 am to 6 pm

How to Reach?

Ottawa Foreign Exchange

The Ottawa Foreign Exchange is located at two places to serve the customers and has been a name of repute for the past two decades. It provides money exchange in USD, Euro, GBP and around a hundred different currencies all over the world.

Other benefits are as follows:

  • Currencies Available: The currencies of 100 countries can be exchanged here within a short time.
  • Send Money faster than before: It also helps you to send money to someone overseas in a fast and secure manner.
  • Exchange rate and the fees charged: They do not charge a fee or commission on currency exchange.
LocationBillings Bridge Plaza, Store 142, Near RBC, 2277 Riverside Drive, Ottawa, ON, K1H 7X6
Opening HoursMonday to Friday: 9:30 am – 6:00 pm
Saturday: 10:30 am – 5:00 pm

How to Reach?


Calforex is also another alternative to get your money exchanged in various denominations in Canadian dollars. The financial service is over four decades old and serves over one million customers annually. It is the most reliable and safe business to deal with and allows the students a place to get a hassle-free exchange of their money. The money is guaranteed here. 

The services offered are as follows:

  • No fee on International Transfer: Students can get their currency exchanged at Calforex at no extra charge. The value told is the value provided to them.
  • Funds Availability: Currencies of all major countries and denominations are available here all the time. Students don’t have to wander here and there to get their valuable currency exchanged.
  • Wire Transfers: It has been a trusted name of wire transfer for over thirty years.
  • Order currency online: The exchange provides online transfer of currency and makes it easy for the customers. There is a fully insured delivery done.
Location50 Rideau St #350B, Ottawa, ON K1N 9J7, Canada
Opening HoursMonday – Friday: 10 am to 9 pm
Saturday: 10 am to 9 pm
Sunday: 11 am to 6 pm

How to reach?

TCX Currency Exchange

TCX Currency Exchange is an experienced, reliable and secure place to exchange currency. It provides an easy and fast currency exchange in less than 3 minutes. You may select the currency and denominations online, choose the pickup date and click on their online platform to collect the currency.

Other attractive features of the currency exchange are as follows:

  • Trusted Name: They are one of the most trusted and reputed retail branches all over the world. There are over 7 million customers that trust their service.
  • Cash on Spot: The valuables can be brought on the spot and cash obtained.
  • Nominal prices: They offer the best rates and nominal prices.
  • Criteria for conversion: The purity of the product is examined through the XRF metal instruments that examine its monetary worth.
Location1200 St. Laurent Blvd, Ottawa, ON K1K 3B8, Canada
Opening HoursMonday – Saturday: 9:30 am to 9 pm
Sunday: 11 am to 5 pm

How to reach?

ICE International Currency Exchange

The ICE International Currency Exchange in Ottawa, Canada is another very well-known currency exchange. It deals with all the major currencies and offers both buying and selling of currencies. The main facilities offered here are money transfer, International currency exchange and foreign exchange The services provided are safe and secure. They offer good exchange rates to meet customer satisfaction.

Other features of the currency exchange are as follows:

  • Extensive Experience: ICE carries an extensive 47 years of currency exchange services. With this huge experience, it is also a great service provider and serves more than 5 million people each year.
  • Fair and competitive rates: They offer the best value for money by maintaining transparency in rates, and charges associated with your exchange.
  • In-store exchange of currency: ICE Currency Exchange offers the assurance of a safe and secure in-store exchange process. Their team of reliable professionals handle every aspect of your transaction with utmost care and ensures that your foreign exchange needs are met seamlessly and without any complications.
  • Online Approach: The ICE Currency app is always available to meet your currency-related queries. It is quick and prompt to divert you to their centre for fast exchange.
Location1000 Airport Parkway Private, Ottawa, ON K1V 9B4, Canada
Opening HoursMonday to Sunday: 4 am to 9 pm

How to reach?

PCE Currency Exchange

The PCE Currency Exchange is the best name in Ottawa as it provides value for the money exchanged. They offer a variety of services such as Money Transfer Service, Currency Exchange service, Gold Transfer, and Diplomatic and Business services.

Other features are as follows:

  • Currency Converter: The Currency exchange offers an effortless and easy converter process to help know the rate of currency at every second moment.
  • Zero Commission: They do not charge any commission on the currency exchanged. This saves money for the customer.
  • Hassle-free currency exchange: The online system offers a hassle-free system and saves you from visiting the centre on weekdays or weekends.
  • Competitive Prices: The staff is alert and aware of the price fluctuations and is always on a watch. It is therefore possible to offer the best competitive prices.
  • More accessible and convenient system: The PCE is a more accessible and convenient system known for its fast, safe exchange of currency and quick delivery. It saves you from battling the traffic or finding time to get an exchange.
Location1445 Woodroffe Avenue Nepean, Ontario, Canada K2G 1W1
Opening HoursMonday – Sunday: 4 am to 9 pm

How to reach?


What is the most important thing to see while checking currency converters?

The most important thing is the value for money. It is important to see the rate on that date of conversion.

Which is the best foreign currency exchange in Ottawa?

The best currency exchange can be the ones that offer the best rate, reduced time in transaction and do not charge any commission. Various currency exchange retailers give the best options.

Where to exchange foreign currency for the best rate?

Local Banks, Credit unions and local currency exchanges are some of the best foreign currencies that offer services at the best rate.

What are some of the best currency exchanges in Ottawa?

Dewan Currency Exchange, Ottawa Foreign Exchange, Money Mart and PCE Currency Exchange are some of the best currency exchanges in Ottawa known for their best currency rates and best customer service.

How to avoid currency conversion fees?

To avoid foreign transaction fees, get a no-foreign-transaction fee credit card or use a debit account with no foreign transaction fee. One can also pay in the local currency to avoid foreign transaction fees.

To know more about currencies, education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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About Shubhika Garg

Hey there! I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.

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