Jazmin Li
Currency exchange at the airport is a convenient option for travellers who need to exchange money quickly. Montreal-Trudeau International Airport (YUL) has seven International Currency Exchange (ICE) offices, with over 25 currencies available, and a “Click & Collect service that allows passengers to book currency online and pick it up at the airport. However, it's important to be aware that airport currency exchange services often offer poor rates and high transaction fees. Travellers may find better rates at currency exchange bureaus in the city, such as Calforex, Sharif, or Globex 2000, or by using credit and debit cards for transactions.
| Characteristics | Values |
|---|---|
| Name of the Airport | Montréal-Trudeau International Airport (YUL) |
| Currency exchange offices | 7 International Currency Exchange (ICE) offices |
| Available currencies | Over 25 international currencies, including American (USD), Mexican (MXN), and European (EUR) |
| Services | "Click & Collect" services, prepaid credit cards |
| Address | 975, Blvd. Roméo-Vachon Nord Dorval, Québec H4Y 1H1, Canada |
| Contact | +15148280068 |
| Opening hours | Tuesday-Monday: 4:30 AM-2:00 AM |
| Tips | Services claiming 'no commission' may offer poor exchange rates. Familiarize yourself with the base rate to identify a bad deal. |
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What You'll Learn
Currency exchange offices at Montreal-Trudeau International Airport
Currency exchange offices at Montréal-Trudeau International Airport (YUL) are a convenient option for travellers who need to exchange money quickly upon arrival or departure. These offices are easily accessible within the airport terminals, saving travellers the hassle of searching for exchange offices elsewhere. Montréal-Trudeau International Airport has seven International Currency Exchange (ICE) exchange offices, which can be found at the following address: 975, Blvd. Roméo-Vachon Nord Dorval, Québec H4Y 1H1, Canada. The opening hours are 4:30 AM to 2:00 AM from Tuesday to Monday.
All currency exchange offices at the airport offer American (USD), Mexican (MXN), and European (EUR) currencies at all times. They also offer a ""Click & Collect" service, allowing passengers to book their currency online and pick up their order at the airport. It is also possible to buy prepaid credit cards in the offices in public areas.
While airport currency exchange services provide peace of mind and convenience, they also come with some downsides. Airports usually offer poor rates and high transaction fees due to the lack of competition and alternatives. Therefore, it is recommended to check the mid-market exchange rate in advance to ensure you get a fair deal.
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Calforex currency exchange downtown
Currency exchange at the airport is convenient, but it may come with poor rates and high transaction fees. If you're looking for currency exchange services in downtown Montreal, Calforex is a good option.
Calforex has two locations for money exchange in Montreal: one in the heart of downtown and another in the Carrefour Laval shopping mall. The downtown branch is located at 1230 Rue Peel Street, across from Dorchester Square park. It is open seven days a week and offers street access and parking on Peel Street.
Calforex offers the sale of over 100 currencies and a Cash Buy Back Program. They provide incoming and outgoing foreign currency wire transfers and have professionally trained tellers and managers to help you safely and effectively exchange cash, transfer or receive funds from abroad. You can also reserve foreign currency online for pick-up at a local branch, including the downtown location.
It's always a good idea to do your research on the exchange rate before converting your money and to familiarize yourself with the base rate to identify a bad deal. Services claiming 'no commission' may offer poor exchange rates, so it's important to be informed to avoid excessive charges and get the best deals.
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Currency exchange rates
- 1 EUR = 1.674430 CAD
- 1 CAD = 0.597218 EUR
- 1 EUR = 1.470995 CAD
- 1 CAD = 0.679812 EUR
It is worth noting that orders placed by phone or at the counter may have different rates, and additional fees may apply.
While exchanging currency at the airport is convenient, rates may be less favourable than those found elsewhere. It is recommended to check the mid-market exchange rate in advance to ensure you are getting a good deal. Services claiming 'no commission' often offer poor exchange rates, so it is worth familiarising yourself with the base rate.
There are alternative options for exchanging currency in Montreal. Calforex has two locations for money exchange in Montreal, one in downtown and another in the Carrefour Laval shopping mall. They offer over 100 currencies and a Cash Buy Back Program. Sharif, located at 261 Boulevard de la Cote-Vertu Ville St-Laurent, also offers competitive exchange rates. Globex 2000 is another established FX provider with multiple locations in Montreal.
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$35.98 $69
Currency exchange services in airports
Montreal-Trudeau International Airport (YUL), located just 20 km west of Downtown Montreal, is a prime example of an airport offering currency exchange services. The airport boasts seven International Currency Exchange (ICE) offices, providing access to American (USD), Mexican (MXN), and European (EUR) currencies. Additionally, travellers can purchase prepaid credit cards from these offices.
While airport currency exchange services offer convenience and immediate access to local currency, it is important to be aware of potential drawbacks. Airports and hotels often provide unfavourable exchange rates and charge high transaction fees. It is recommended to check the mid-market exchange rate in advance to ensure you get a fair deal.
For those seeking alternatives to airport currency exchange services in Montreal, there are several options available. Calforex, with locations in downtown Montreal and the Carrefour Laval shopping mall, offers over 100 currencies and a Cash Buy Back Program. Sharif, located in Ville St-Laurent, is another popular choice, known for its competitive exchange rates. Globex 2000 is also an established FX provider with multiple locations in Montreal.
When travelling, it is generally advisable to use credit cards for large transactions and debit cards for small purchases at name-brand bank ATMs. This provides better exchange rates and increased safety and convenience. Additionally, consider checking with your home bank about partnerships with local banks to avoid extra ATM fees.
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Alternatives to exchanging cash
Exchanging cash at the airport is a convenient option, especially if you need to exchange money quickly before you travel. However, airport exchange rates are often not the most cost-effective option. Here are some alternatives to consider:
- Multi-currency cards: A multi-currency card from a provider like Wise or Revolut allows you to hold foreign currencies in a digital account and make payments with a physical or virtual card. You can also withdraw local currency from ATMs when needed. Different providers have their own spending and withdrawal limits.
- Travel cards: These cards allow customers to load popular foreign currencies and spend or withdraw them later.
- Online platforms: Platforms like Remitbee offer currency exchange services and money transfers to over 40 countries, including Canada. They provide convenience and accessibility, allowing users to initiate exchanges and transactions anytime, anywhere, through their digital devices.
- Bank accounts: For long-term stays or substantial investments, consider opening a bank account in Canada.
- ATMs: Using an ATM abroad can offer a fairer exchange rate, especially if you choose to be charged in the local currency. However, it is important to check if your home bank has partnerships with Canadian banks to avoid extra fees, and always inform your bank before travelling.
- Prepaid credit cards: If you are in a hurry and need a quick option, you can buy prepaid credit cards at the Montreal Airport currency exchange offices.
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Frequently asked questions
The Montreal-Trudeau International Airport (YUL) offers currency exchange services.
Currency exchange services at the airport are convenient for travellers who need to exchange money quickly upon arrival or departure. They are easily accessible within airport terminals, saving travellers the hassle of searching for exchange offices elsewhere.
Currency exchange services at the airport usually offer poor rates and high transaction fees.
Calforex is a popular alternative to exchanging currency at the airport. It has two locations in Montreal: one in downtown Montreal and another in the Carrefour Laval shopping mall. Another option is Sharif, which promises some of the best exchange rates in Montreal.
The Montreal airport offers American (USD), Mexican (MXN), and European (EUR) currencies.
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