VBCE

VBCE (Vancouver Bullion & Currency Exchange)

VBCE (Vancouver Bullion & Currency Exchange) is widely regarded as one of the best options for foreign currency exchange in Canada, especially for those needing to exchange actual physical cash.

VBCE offers competitive rates compared to traditional banks and airport exchange counters. Unlike many other exchange providers, VBCE specializes in both buying and selling a wide range of currencies directly, without unnecessary conversions into Canadian dollars when exchanging between two foreign currencies.

Comparison: MUFG.jp vs. VBCE

A typical comparison illustrates VBCE's advantage:

- As of 2023, MUFG Japan lists their cash exchange rates for Canadian dollars (CAD) as follows:

 - Cash Sell (CAD to JPY): 1 CAD = 116.74 JPY
 - Cash Buy (JPY to CAD): 1 CAD = 99.54 JPY
 - Spread: 17.2 JPY per CAD

- At the same time, VBCE rates are:

 - Buying JPY (cash): 0.009035 CAD per JPY (about 110.69 JPY per CAD)
 - Selling JPY (cash): 0.009523 CAD per JPY (about 105.01 JPY per CAD)
 - Spread: 5.68 JPY per CAD

The spread at MUFG is significantly wider, meaning customers pay over 10 yen more per Canadian dollar when exchanging at MUFG compared to VBCE.

Direct Currency Exchange Advantage

Another major advantage of VBCE is that it allows direct foreign-to-foreign currency exchanges. For example, if a customer brings 100,000 Japanese yen and wishes to purchase euros (EUR), many other exchange companies first convert JPY to Canadian dollars (CAD) and then convert CAD to EUR. This process charges commission twice and results in a worse effective rate.

At VBCE, customers can directly exchange JPY to EUR using their discounted cross-currency rates, saving money and simplifying the transaction.

Summary

For travelers and those dealing with physical cash, VBCE consistently offers: - Better exchange rates with lower spreads - Direct foreign-to-foreign conversions without double conversion fees - Reliable, professional service with locations across the Vancouver area

For these reasons, VBCE is a top choice for physical currency exchange in Canada.