Demand For Foreign Currency Exchange and Transfer Services Grows In Vancouver

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Demand for foreign currency exchange and transfer services looks to remain strong as Vancouver's multicultural corporate and private population becomes increasingly diverse.

As one of Canada’s fastest growing cities, Vancouver is a diverse, multicultural and modern city. More than half of Vancouver’s population speaks a language other than English as their first language. It should be no surprise that Vancouverites are more than familiar with foreign currency exchange and transfer. For business or travel, education or investment, Vancouver’s worldly population demands world-class currency exchange services.

“Our clients demand up-to-the minute exchange rates and competitive fees,” says Mehdi Farhad. “They’re well-travelled, worldly and professional. They expect the same for our staff.” Farhad is the managing director of Moneyway Financial Group, one of Vancouver’s premiere currency exchange houses. Founded in 1998, located in West Vancouver and serving the entire greater Vancouver metropolitan area Moneyway has witnessed first-hand Vancouver’s exploding multiculturalism. “We’ve had to adopt to stay competitive and on top of our market. We routinely deal in 40 different currencies and are expert in corporate and investor transactions as well as simple currency exchanges and transfers for tourists and students.”

With western political and business leaders reaching out to Asian markets, Vancouver is well-positioned to take advantage of increasing trade between Asian and Western partners. As trading partners and practices become more complex and transactions more frequent, foreign exchange rates and transfer fees play a larger role not just in profitability, but in actually making a deal happen. Professionally trained currency exchange experts are becoming the norm and are increasingly sought out by knowledgeable consumers looking to effectively manage complex foreign exchanges and transfers. Money never likes to be ideal so once the deal is down, investors tend to look for other opportunities.

Investor’s looking for opportunity have helped turn Vancouver into one of Canada’s hottest real-estate markets. Burgeoning investment in Vancouver neighbourhoods like West Vancouver, Yaletown, Gastown, Coal Harbour and False Creek has turned Vancouver into one the most densely populated cities in Canada and the fourth most densely populated city in North America (Canadian Census Figures, 2011). Coupled with a general move by baby-boomers back to urban centers and a burgeoning diverse, multicultural population, demand for competitive foreign currency exchange and transfer services looks to grow well into the future.

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Contact Info:
Name: Mehdi Farhad
Email: Send Email
Organization: Moneyway Financial Group
Address: 702 Main St, West Vancouver, British Columbia V7T 0A5, Canada
Phone: +1-604-923-8000

Source: PressCable

Release ID: 310917