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Currency Exchange

Mumbai, India
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127 posts
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Currency Exchange

We are reaching Vancouver on 15th June 2013 and leave for a 12 day Canadian Rockies Tour with Globus on 18th.and thereafter an Alaska Cruise with Holland America for a week. Prior to our Land Tour and pre-crise we will be staying at the Georgian Court Hotel in Beatty Street in Vancouver.Though all our Tour costs and Hotel stay is already paid for we will be carrying US Dollars for meeting the expenses like transport, food,shore and optional excursions, shopping, other miscellaneous expenses etc. We understand that on the Cruise ship they accept Us Dollars. Our concern is for the Canadian leg of the tour of Canadian Rockies. Do they accept Us dollars in general in Canada. I have a feeling that they might but would give an awful exchange rate and refund the balance in local currency. Under such circumstances, where can we change our USD into Canadian Dollars. We may change a small amount at the Airport which we usually do when we travel to a new country for meeting transport, taxi, snacks and the major portion at Currency Exchange booths, Banks etc. in the city for better rates. Do they have any currency exchange centres near our Hotel where we can change USD.Also given that we will be reaching on a Saturday will they be open or should we exchange a little more at the Airport to cover the expenses upto Monday. Any advise on this would be appreciated

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Canadian Rockies
Canadian Rockies
Alberta, Canada
Greater Sydney...
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1. Re: Currency Exchange

G'day subchat,

A few observations:

"We understand that on the Cruise ship they accept Us Dollars." The only cash ever used on a cruise ship in the casino (not recommended). Everything else is charged t your room and you will need to advise your credit card details at the commencement of the cruise to be billed at the completion of it. US cash will be needed in the ports of call.

US$' would be only accepted in Canada, which is a sovereign country after all, as a courtesy by the seller and you WILL get a terrible exchange rate at the convenience of the seller.

As a general rule, Airport exchange places give the worst exchange rates going. It is far, far better to use a debit card with an ATM as while there may be a small fee, the rate you will get will be one of the best. It is far more convenient to do that than worry about where to go to exchange currency. Use only Bank branded ATM's as private ones will charge a higher fee. In some circumstances your own bank in India may have affiliations with other banks which may be represented in Canada and no fee might be charged. I know that is the case in Australia. Enquire from your bank, and also ensure you advise them that you will be using a cc or dc in Canada so that you account does not get frozen.

Vancouver, Canada
Destination Expert
for Vancouver
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2. Re: Currency Exchange

I would not change money at the airport currency kiosk. You will get the best rate if you go to an ATM machine with your bank debit card and withdraw money from there. There may be a transaction fee charged by your bank at home so consider a sufficient amount to hold you over for a number of days. You don't really want to withdraw small amounts and incur several transactions fees. Also check with your bank as to what those transaction fees are. Get informed about that. They may also be able to tell you where the compatible ATM machines are in Canada. You would also be wise to tell your bank and your credit card company when and where you will be travelling, so they do not put a freeze on your card when you are here. Some banks are concerned about fraudulent use of a card when the pattern of use changes.

Yes US $ means a terrible exchange rate from shops and local currency for change.

The Vancouver Bullion and Currency Exchange office is open Mon to Fri 9-5 and is located at 800 West Pender St in downtown Vancouver. It's not very close to your hotel, but it gives the best rates. There are plenty of ATM machines attached to banks and if you match one of the logos on the back of your card to one on the ATM machine, you should have no trouble.

www.vbce.ca/locations/vbce-downtown-vancouver

At the airport, the Royal Bank of Canada has a branch landside in the Domestic Terminal, about 5-8 minutes walk from the arrivals area of the International Terminal where you will arrive (if you arrive from Mumbai.)

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Mumbai
Mumbai
Maharashtra, India
Greater Sydney...
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3. Re: Currency Exchange

Snap :)

Vancouver, Canada
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for Vancouver
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4. Re: Currency Exchange

lolol. Good advice in duplicate! :-)

Mumbai, India
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5. Re: Currency Exchange

Great advice. Thank U all. We have got the general drift of the situation.Frommy, with reference to your observation about USD on the cruise I understand from the Holland America booking site that you have the option of giving your gredit card details at the start of the trip or pay a deposit of USD at a calculated rate and then they issue you the card which is used for all transactions on the ship. Needless to say when you have used a substantial portion you may be called upon to pay more deposit depending on your spending pattern.The reason why we are carrying cash is that we have some funds left over from our previous trips and we thought we could use the surplus for this trip. Thanks again for all your valuable inputs.

Edited: 20 April 2013, 08:50
Vancouver
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6. Re: Currency Exchange

Cruise lines sometimes seem to regard onboard currency transactions as a profit center, so do what's best for you, not for them. Yes, you will be required to register a CC with HAL for onboard expenses, but at the end of the cruise you should be able to pay that bill in US cash or US travelers' cheques. Check with HAL about their policy. You can pay an amount slightly larger than your bill on the second-last day and even get a refund before disembarking. That way, you avoid CC fees and weird exchange rates.

My rule of thumb, given what I'm spending for the whole trip, is that if I can save $20 I'll do it; less than that, why bother?

Iowa City, Iowa
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7. Re: Currency Exchange

Good advice from all, when we travel in Canada, I exchange a few hundred dollars to C$, then use the credit cards as much as possible-the credit card gives me the best exchange rate-no fees!

We are planning a trip to VC area later this summer-this is one of my favorite vacation destinations.

8. Re: Currency Exchange

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