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Help! Where to exchange CAD in Toronto for ISK, Euro, GBP

  • Last Updated:
  • Dec 7th, 2018 11:20 am
[OP]
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Apr 28, 2015
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Help! Where to exchange CAD in Toronto for ISK, Euro, GBP

Hi. I'm flying to Europe next week thanks to a few flight deals. Looking to exchange some CAD to ISK, Euro, GBP.

I'd prefer the location to be somewhere downtown Toronto.

Any help would be appreciated!
22 replies
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May 23, 2008
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I've got 600 EUR on me; failing that, I've heard good things about Kantor, though they're not in the downtown area.
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Inakaru wrote:
Dec 2nd, 2018 1:23 pm
Hi. I'm flying to Europe next week thanks to a few flight deals. Looking to exchange some CAD to ISK, Euro, GBP.

I'd prefer the location to be somewhere downtown Toronto.

Any help would be appreciated!
Try the BST forum. Someone probably has excess cash that you can exchange for the exact rate with no margin.

ISK might be a tough one though. You might even have to order it, which means you should get to a currency exchange sooner rather than later.
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Apr 26, 2004
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You don't really need ISK. People in Iceland use credit cards for everything, even for buying a pack of gum.
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Talamasca wrote:
Dec 2nd, 2018 11:00 pm
You don't really need ISK. People in Iceland use credit cards for everything, even for buying a pack of gum.
While I'm not disputing the accuracy of this information, I think the OP should still get a bit of cash.
What happens if he arrives at the airport and there's a big network failure, so he can't pay a cab to get to his destination?
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Jucius Maximus wrote:
Dec 2nd, 2018 11:58 pm
While I'm not disputing the accuracy of this information, I think the OP should still get a bit of cash.
What happens if he arrives at the airport and there's a big network failure, so he can't pay a cab to get to his destination?
Every time this has happened to me - rarely - they just took an old school swipe of the credit card. No guarantee they would have the swipe papers on hand but they could also phone in the numbers to their dispatch.

Alternatively maybe s/he could pay in US dollars or Euros. Or even CAD$. I recall a while ago some locals wanting to switch to the CAD dollar for Iceland’s currency.

https://www.google.ca/amp/s/business.fi ... loonie/amp

Plus, I don’t think most Canadian forex would have ISK on hand anyway. So in a pinch s/he could get a small amount at the airport after arrival.

But yeah, it may be prudent to get a little ISK just in case.
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Jan 31, 2006
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didn't get ISK until i got to Iceland last time. And after the trip i didn't spend any of it. everything was through credit card.
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More and more in Europe I was seeing places only accepting credit cards and no cash at all.
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Money Exchange World has ISK readily available. Also you can withdraw from the machine at KEF airport and in Reykjavik.
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Raggie wrote:
Dec 3rd, 2018 10:02 am
Money Exchange World has ISK readily available. Also you can withdraw from the machine at KEF airport and in Reykjavik.
Is this machine before or after customs?
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Jucius Maximus wrote:
Dec 3rd, 2018 11:43 am
Is this machine before or after customs?
From looking at their airport map, both.
cardle wrote:
Dec 3rd, 2018 9:55 am
More and more in Europe I was seeing places only accepting credit cards and no cash at all.
It's slowly starting to emerge here too. There's an ice cream shop at Square One in Mississauga that only accepts electronic payment.
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Talamasca wrote:
Dec 3rd, 2018 2:08 pm
It's slowly starting to emerge here too. There's an ice cream shop at Square One in Mississauga that only accepts electronic payment.
I can understand the sentiment of this post. And it's logical.
But I will almost always get some cash. This is because I've been through travel when things did not go right, I was alone, could have been in a lot of trouble, etc. So I think of backup plans for everything. And cash is always the ultimate contingency.

At least the OP is visiting a civilized place like Iceland. If you travel in a less developed place, and get into trouble, it changes how you think. Permanently.
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cardle wrote:
Dec 3rd, 2018 9:55 am
More and more in Europe I was seeing places only accepting credit cards and no cash at all.
It varies widely within Europe. Cash is becoming quite marginalized in Sweden, but is still king in Germany.
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[OP]
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Apr 28, 2015
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Thanks all. Yeah I'm bringing my credit card w/ me and will use that vs. cash every opportunity I can. Just need cash as a contingency (and don't plan on exchanging much).

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