Where is the best place to exchange US dollars for Canadian dollars? Typically, how much do people exchange?
Hello Hannah C,
My recommendation is to exchange money at your own bank before travelling to Vancouver Island. Your bank may offer a better exchange rate/less fees. Alternatively, you can exchange money at a currency exchange location downtown Victoria, BC. In regards, to the amount it really depends on how long you will be travelling for and how much cash you think you would need. Most places accept major credit cards including hotels, restaurants, taxi services etc.
You could also visit Tourism Victoria website to help plan your next trip.
I hope you find this information helpful.
On a recent trip we found out Canadian banks will not exchange currency unless you have an account in that bank. We find the best exchange is to just use our credit card which does not charge a foreign transaction fee. We usually have a small amount of Canadian currency (we purchase at a local bank before travel) for parking meters that don't take credit cards, although most do and other small items. Our bank charged $39 for $50 in Canadian currency earlier this month.
Any bank can exchange your money but they sometimes limit the amount at one transaction.
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