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If you're travelling through Toronto Pearson International Airport and are looking to exchange currency, there are several options available to you. Currency exchange booths, such as International Currency Exchange (ICE), are present in the airport and offer the purchase and sale of various international currencies. ICE has over 90 exchange locations in Canada, including Toronto Pearson International Airport, and offers online ordering for pickup at the airport. CIBC banking centres are also available at the airport and provide foreign cash exchange services for more than 30 currencies with no transaction charges. While exchanging money at the airport is convenient, it may not be the most cost-effective option, and it is recommended to examine the exchange rate beforehand.
| Characteristics | Values |
|---|---|
| Currency exchange options | International Currency Exchange (ICE) booths and kiosks, CIBC Banking Centre, ATMs |
| Currencies available | Over 70 international currencies, including US dollars |
| Exchange rate | Mid-market exchange rate with no hidden fees |
| Online ordering | Available through ICE and CIBC |
| Pick-up locations | Terminal 1 and Terminal 3 |
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What You'll Learn
Currency exchange at Toronto Pearson Airport
While exchanging money at the airport is convenient, it may not be the most cost-effective option. If you know someone in the country you're visiting who has a bank account, consider sending money to their account before you leave, as this could be cheaper. Additionally, for large transactions or unusual currencies, it's generally recommended to order your currency in advance.
If you're travelling from Ontario to the United States, you can order US Dollars online and pick them up at Toronto Pearson International Airport or any of the 90 Exchange Corporation Canada locations across the province.
It's worth noting that currency conversion at Toronto Pearson Airport uses the mid-market exchange rate with no hidden fees, ensuring you get the best deal available.
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International Currency Exchange (ICE)
The International Currency Exchange (ICE) at Toronto Pearson International Airport (YYZ) buys and sells over 70 international currencies. This includes exchanging Canadian dollars for US dollars and vice versa.
ICE has two locations at the airport: one in Terminal 1, after security, near Gate D51; and another in Terminal 3, before security, on the Departures level. The Terminal 3 location also has an ATM.
ICE offers exclusive rates for online orders with Click & Collect. You can also order your currency by phone or purchase it directly at the counter, but rates and fees may differ. ICE's exchange rates are published online and are updated regularly.
In addition to currency exchange services, ICE also offers a range of other services at the airport, including luggage wrapping, baggage storage, parcel delivery, and baggage transfers to hotels.
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CIBC Foreign Cash Exchange
CIBC offers a convenient way to get your foreign exchange before you travel. You can order your foreign cash online and choose to have it delivered securely to your home or pick it up at a CIBC Banking Centre or at Toronto Pearson International Airport (Terminal 1, international departures). There are no ordering fees or extra costs for delivery. CIBC offers a large selection of currencies and provides competitive exchange rates.
When ordering foreign cash online, you can choose from up to 75 foreign currencies representing 90 countries. CIBC also offers a Smart Prepaid Travel Visa Card, which can be loaded with foreign currency. This card can be used for purchases in multiple currencies, and no additional fees are charged by CIBC or Visa. For purchases in currencies not offered on the card, the amount will be converted at an exchange rate that is 2.5% above the CIBC rate.
CIBC also provides travel insurance plans for eligible customers. These plans offer coverage for medical emergencies, trip cancellations, and other travel-related incidents. You can review the terms and conditions of the travel insurance before enrolling to understand the eligibility criteria, limitations, and exclusions.
In addition to CIBC, there are other foreign exchange providers in Canada, such as Interchange Financial, which offers competitive rates on various international currencies. They provide same-day pickup for a wide range of currencies, ensuring that you can access the currency you need promptly.
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Best exchange rates
The International Currency Exchange (ICE) at Pearson International Airport buys and sells over 70 international currencies. ICE claims to offer the best price in Canada for your travel money purchase. They have an exclusive rate for online orders with a click and collect service. They also offer an exclusive rate with an online reservation.
ICE has a currency exchange booth with an ATM in Terminal 3, before security, on the Departures level. They also have a branch in Terminal 1, which you can visit for access to foreign exchange services with more than 30 currencies and no transaction charges.
CIBC also has a banking centre at Pearson Airport, which offers currency exchange services.
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Exchanging money before arriving at the airport
It is always a good idea to exchange money before arriving at the airport, as it saves time and you may get a better exchange rate. If you are travelling from Ontario to the United States, you can order US Dollars online and pick them up at one of the 90 Exchange Corporation Canada locations, including Toronto Pearson International Airport.
The International Currency Exchange (ICE) office at Toronto Pearson International Airport buys and sells over 70 international currencies. ICE has been providing foreign exchange services for over 40 years and is committed to offering the best price in Canada for your travel money purchase. They have five service points at the airport and are open every day from 4:00 AM to 10:00 PM.
However, it is important to note that orders placed by phone or directly at the counter may have different rates, and fees may apply. Additionally, if you miss your flight, you can complete your order at one of the 10 airports in Canada or any of their 90 branches across the country.
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Frequently asked questions
Yes, US dollars are accepted at Pearson International Airport. The airport offers currency exchange services, allowing you to exchange US dollars for Canadian dollars or other foreign currencies.
You can exchange currency at the International Currency Exchange (ICE) office, which is located in Terminal 1 before security and buys and sells over 70 international currencies. There are also ICE booths and kiosks throughout the airport where you can exchange currency.
Yes, you can order foreign currency online and collect it at the airport. You can order through ICE or a CIBC Banking Centre, which offers currency exchange services in Terminals 1 and 3.
Currency exchange providers at the airport, such as ICE and CIBC, typically do not charge any transaction fees. However, exchanging money at the airport may not always offer the most favourable exchange rates, and it is recommended to compare rates before deciding.
Yes, in addition to currency exchange, Pearson International Airport offers a range of financial services. CIBC, for example, allows you to open bank accounts, credit cards, and access special banking offers for international students and newcomers.
