Calforex in Toronto, ON

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Telephone:	+1 416-921-4872
Website:	www.calforex.com
Address:	290 Queen St W, Toronto, ON, M5V 2A1 Queen Street West, Downtown Core
Nearby public transportation stops & stations:	150 ftSoho Street 550 ftJohn Street 960 ftStephanie Street
Categories:	Travel Services

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Today

Today	8:30 am – 7:00 pm Open now
Local time (Toronto)	09:48 Thursday, 22 May 2025

Business hours

Monday	8:30 am – 7:00 pm
Tuesday	8:30 am – 7:00 pm
Wednesday	8:30 am – 7:00 pm
Thursday	8:30 am – 7:00 pm
Friday	8:30 am – 7:00 pm
Saturday	9:00 am – 7:00 pm
Sunday	10:00 am – 6:00 pm

Description

Specialties

Currency Exchange, Foreign Currency Services, Best rates on your currency needs. Bureau de Change.

Calforex’s philosophy is simple. We provide a much needed CHOICE. A CHOICE — by providing over 120 currencies at anytime. A CHOICE — by always providing the best rates in the market. A CHOICE of services for their clients versus the bank or any other currency exchange. Calforex Currency Services prides itself on having a presence in local communities, achieving such success by being able to present themselves as a CHOICE.

History

Established in 1983.

Welcome to Calforex currency exchange

We have been in business for over 25 years and are confident that we can meet all of your foreign exchange needs. We specialize is foreign cash having over 120 foreign currencies in stock making sure you are ready for your next vacation! We also offer foreign draft and wire services making sure that our rates are better than your local bank. Whether you… have a need to purchase AMEX traveller’s cheques or cash in a traveller’s cheque, we can help you with that as well.

We currently have 10 branches across Canada and are growing. You can find out about our branches with address and phone number, on our website at www.Calforex.com

Please call one of our professional and friendly staff today for your quote.

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6 reviews of Calforex

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Suor K.

Place rating: 4
Maple, Canada

I came here to exchange some currency for international travel. The markup was about 1.3% (excluding their $ 3.50 flat fee), which is pretty good compared to other options (banks, airport, etc). Payment can be made in cash or debit. Service was very fast because there was no one else here and the person behind the counter was extremely fast at counting cash.
They have a policy where if your transaction is $ 1000 CAD or more, you can return the unused portion of foreign currency and convert it back into CAD at the same rate if you bring back the receipt. The exchange has to occur within 30 days of the original transaction.

David S.

Place rating: 1
Mississauga, Canada

This is the worst business I have seen. The lady supervisor was yelling at me for 20 minutes and I could stop her. I tried to calm her down but she never stopped. I was asking a small question and her yelling was started. Never seen this before. finished the transaction because rate is good. Absolutely won’t come back again. No one should treat customer like this. Her name is tammy. I already gave her my bank draft payable to her company and she is yelling «go somewhere else». I should have recorded her voice. I have her signature and receipt to prove what had happened. If she is not fired, I will never ever go there again.

El W.

Place rating: 5
Toronto, Canada

I haven’t ever used a currency exchange. When I’ve gone to the US or Europe, I just got cash from an ATM (which I’m one learning may not be the best!). I needed Peruvian currency and after doing some research, I headed down to Calforex to see if they had any in stock and if not maybe they could order it.
Turns out they had it and the rate was reasonable and I was able to choose my denominations which was an added bonus as I was worried I would only be able to get big bills (they have trouble making change in Peru according to the internet)
My transaction was quick and professional. The next time I travel and require currency, I will definitely go back.

Rajan M.

Place rating: 5
Quincy, MA

I was in Toronto on business and needed a quick place to change USD into CAD. This place was really good.
Pros:
— no line — I walked in and got immediate service
— really good exchange rate (1 USD = 1.105 CAD)
— no commission, and only a 3.50 flat fee
— friendly employee
Cons:
–none
I really don’t have any complaints about this place. Much better than using a bank or changing money at the airport.

Michael M.

Place rating: 5
Toronto, Canada

Robin D apparently doesn’t know how exchange rates work.
I just changed some money. here are the rates I got:
$ 400 CAD = 252 GBP
According to
, 252 GBP = 396.18 CAD (0.955% markup)
$ 400 CAD = 315 EUR
According to
, 315 EUR = 397.42 CAD (0.645% markup)
Compared to TD where I changed $ 200 CAD into ISK and got 22,500 ISK
According to
, 22,500 ISK = $ 179.79 CAD (10.10% markup)
Calforex has a 3.50 fee per transaction, meaning I paid $ 803.50 and in return I got $ 793.60 after their commission (aka it cost me $ 9.90 or 1.23% of the total).
Excellent value every time and almost ¹⁄₁₀^th the cost of TD. Please Calforex, start carrying ISK! The bank rates suck!

Robin D.

Place rating: 1
Toronto, Canada

I came here due to the good Unilocal review and their attractive buyback program. You can sell back half of what you exchanged for the same rate no fees if you return in a month.
So I came back to exchange some USD through the buyback program. They did not take my $ 50 American bills without the red wave, which I got from the bank. Note: they do not accept old bills here.
The reason for the low rating is their terrible exchange rate. Being inexperienced I actually took their rate.
April 19^th 2012 ~7:10PM
0.99 535 XE rate
0.9954 Yahoo rate (9,954CAD = 10,0000USD)
1.0075 Calforex rate (10,075CAD = 10,000USD)
Note you can get a better rate if you bring in a bank draft before 3PM is what I was told. And they will write you cheque if you come before 4PM otherwise you can take cash.