- Casino Niagara Exchange Rate Today
- Casino Niagara Exchange Rate
- Casino Niagara Exchange Rate
- Casino Niagara Exchange Rate Currency Converter
It’s no secret, the strength of the American dollar has made it easier for Tourists to cross the border into Canada for a Niagara Falls vacation. And subsequently, the strong US Dollar is keeping Canadians from border hopping, also opting to stay in Canada.
They will do the exchange straight-up, and they have machines (so you don't even need to stand in a line). You put in $10 for example, it shows you the exchange rate. Credit cards may have a 3% fee but the exchange rate is usually good (my card doesn't charge a $3 fee, but the small print in the cardholder agreement says there is a 2.5% exchange fee built into the rate of exchange they give - but the rate they give is a wholesale bank rate, so it's much better than the rate.
This raises the question for those coming into Canada for a vacation–where can I convert my money into Canadian Dollars?
Canadian Money
First off, Canadian Dollars aren’t one colour (green).
We also have dollar and two dollars as coins, and we don’t accept pennies! Everything is rounded up or down to the nearest five cents. For example:
- 1.02 = 1.00
- 1.03 = 1.05
Ok, now that we have the basics out of the way, let’s get back to the crux of the article– where to exchange money.
Best Places to Convert Currency in Niagara Falls
Outside of the obvious; ie converting at your local bank, you can convert money at:
Your Hotel
Most major hotels (such as Marriott’s or Sheraton’s) will allow you to convert money at the front desk.
Bank Machines
The Majority of Bank Machines on the Canadian side of the border will accept American Debit cards, as long as your card has an Interac logo on the front or back.
Casinos
Casinos on all sides of the border (Seneca Niagara Casino in the US, as well as Casino Niagara & Fallsview Casino on the Canadian Side) will exchange funds inside the Casino playing floor. All three Casino’s are located within close walking distance to Niagara Falls Hotels.
At the Border
All Three Major Border Crossings near town (two in Niagara Falls, one in Buffalo) have on-site currency conversion stations. The rates are reasonable, usually only 1 or 2% above international currency rates.
These are the four of the easiest ways to convert your money while in Niagara Falls, Ontario, Canada.
If you plan to play in Canadian casinos you must use Canadian money. They do not accept currency from the United States (or any other Country) at the tables or in the slot machines. Therefore it will be necessary for you exchange your currency into Canadian money if you want to play in the casino. You don’t have to worry about exchanging your money before you visit, as the casinos because you can exchange currency in the casino before you play. Here are a few things you should consider before exchanging your currency in the Canadian casinos.
Converting to Canadian Currency
Casino Niagara Exchange Rate Today
When you convert your currency, be sure t check for different exchange rates within the same building. For example, at the Windsor casino in Ontario, at a kiosk in the middle of the casino floor, there's a sign saying the conversion was 1.25. This means you receive $1.25 in Canadian money for every US dollar. At the casino’s main cage, however, you will be paid at a rate of 1.24.
Converting Back
When you convert your currency back from Canadian to United States dollars the rate of exchange is 1.28. This means you will be paid one US dollar for every $1.28 Canadian. If you're paid 1.24 when you converted to Canadian dollars but have to pay 1.28 to convert back to United States dollars, you will be charged about 3% exchange my money back.
Convert as You Go
Since it will cost you to convert your money back, only the money as you need it. You can use this to help you manage your money when you gamble in the casino. If you are going to sit down for a gambling session you should decide ahead of time how much you want to risk for the session and only convert that much money. If you run out you will be forced to walk away from the table or machine in order to get more money. I will be a good time to take a break.
Casino Niagara Exchange Rate
Do Not Deposit Money in The Casino Cage
Some players like to deposit money in the casino cage when they visit the casino instead of applying for credit. This lets then keep this money secure but also allows them to write a maker at the table against their own money. If you plan on doing this at a Canadian casino you should check their policy first. you may be charged a conversion rate for the deposit.
Casino Niagara Exchange Rate
Use Your Credit Card for Other Expenses
Casino Niagara Exchange Rate Currency Converter
If you visit the Canadian casinos (or anywhere else in Canada), use your credit card for all other non-gambling expenses. This includes paying for your hotel, food or any other purchases you make in Canada. The credit card companies are able to negotiate the best rate of exchange. This means that if you charge your purchases you will usually find that it is less than the quoted exchange rate. Since you will be charging your purchases there is no need to convert a lot of excess money that you would need to convert back at the end of your stay. You will save the three percent you would have to pay to convert your money back.