The weak Canadian dollar and significant currency exchange rate volatility has caused Canadians to look for better places to convert Canadian dollars and US dollars for their currency exchange needs.
Most Canadians still use their bank for currency exchange. However, recent volatility and weakness in the loonie has them seeking out better alternatives. Canadians are looking for the best exchange rates and cheaper places to exchange currency and the banks continue to take their high margins.
“Canadians are growing tired of paying high margins for buying or selling US dollars. Canadians looking to maximize their savings on US dollars transactions have helped KnightsbridgeFX grow tremendously” said Rahim Madhavji, President at Knightsbridge Foreign Exchange.
– See more at: http://www.datsyn.com/press-release/4930/2015/09/28/Weak-Canadian-Dollar-Causing-Canadians-to-Ditch-their-Canadian-Banks#sthash.5r5Or0JV.dpuf