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Do Casinos Post Their Exchange Rates?

Discussion in 'Las Vegas for the Frugal (not Cheap)' started by BarelyHangingOn, Jul 22, 2019.

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  1. BarelyHangingOn

    BarelyHangingOn VIP Whale

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    My friend cashes in his Canadian money on the Casino Floor and tells me the rates are really good. I can't find any rate information to compare to a local bank.
     
    • Informative Informative x 1
  2. thegov2k2

    thegov2k2 High-Roller

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    My only experience with currency exchange at a casino is at Casino Niagara, where their rate for changing USD to CAD was the best around.
     
  3. Joe

    Joe VIP Whale

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    Never exchanged, but I've seen rates posted at various casino cages.
     
  4. tee6395

    tee6395 Downtown Dreamer

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    I had that same experience. I think it would be worth a couple of phone calls.
     
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  5. Don the Dentist

    Don the Dentist LV resident

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    The casinos in Reno post their exchange rates very prominently. Not so much in Las Vegas.
     
  6. steveks225

    steveks225 Low-Roller

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    Driving down Casino Drive in Laughlin, the Riverside posts their USD/CAD rate on their message board.
     
  7. TKO

    TKO High-Roller

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    Try a Canadian bank. Always got a better exchange rate there compared to the casino.
     
  8. TKO

    TKO High-Roller

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    I would think it would be more than a 2-3% loss because the casinos are so far from Canada plus the bank they exchange at would need to take a cut.
    If I were Canadian, I would exchange my money before coming here.

    Do you happen to remember what the actual posted exchange rate was?
     
  9. BarelyHangingOn

    BarelyHangingOn VIP Whale

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    • Agree Agree x 1
  10. dukeofdarby

    dukeofdarby High-Roller

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    found that they will only exchange paper currency-----no coinage
     
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  11. Don the Dentist

    Don the Dentist LV resident

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    The exchange rate for all currencies change daily depending on many variables including economic indicators, political stability or instability, and perceived future trends.
     
  12. TKO

    TKO High-Roller

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    I understand. I was just looking for a ballpark number. Canada is a stable country. Value of their currency generally should not vary more than a tenth of a cent or two over a day. Unless their was a major commodity drop or Trump throws high tariffs their way. Just wanted to see what the casinos were making on the backs of Canadian players. But, perhaps they treat them fairly. Which I doubt.
     
  13. wasilla

    wasilla High-Roller

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    I'll offer an alternative that I used a decade ago when I traveled a lot. Would a CC advance be expensive for you? The exchange rate I got was great. Foreign exchange and cash advance fees are waved on some cards. I can't speak to Vegas ATM fees, but maybe your bank has a convenient Vegas branch.
    I've never shopped exchange rates in casinos, but have found the US in general to be an expensive country to change money in.
    I live in the US and am just assuming that exchanging into US dollars will work like exchanging from US dollars.
     
  14. ozmouse

    ozmouse Tourist

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    Yes i attempted to do this by email with a couple properties last week. and while all stated they would change currency at the cages at the prevailing daily rate, not 1 would put that rate in writing. Even after directly asking again. the time it took them to writing the lengthy 3 paragraph reply was way harder than quoting a rate with a limiting disclaimer.

    i wanted to do the comparison as well - between properties. I believe they are offering good rates (certainly against an airport FC counter), but wanted to do comparative shopping.

    note my exercise is for aussie dollars. the dollar is in such a funk right now.....
     
  15. hockeystl

    hockeystl Low-Roller

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    I shopped prices for CAD recently at about a dozen spots around town including the Foreign Money Exchange location off Convention Center Dr. I found the D and GGate to offer the best rates for $CAD
     
  16. Vegas24_7

    Vegas24_7 Degenerate

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    My experience with foreign currency exchange in Vegas was at the Luxor many years ago. They only allowed me to exchange up to 2000 CAD to USD per day. In Calgary, there is a foreign exchange called the CalForex which offers rates that beat the banks and they will buy back your unused foreign currency within 30 days for the same rate at which you bought it for. The only catch is they only will do this for up to half of what you originally bought, which is more than fair.
     
  17. rgerards

    rgerards Low-Roller

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    I would be really interested to know what the current USD <> EUR exchange rate is at a cage in Vegas. I usually exchange locally here (not at GWK, but at https://www.pottchange.com/) and change back at Foreign Money Exchange (101 Convention Center Dr). It would be ideal if I could just bring euro's and exchange on demand with a decent exchange rate at the cage.

    Anyone in vegas could check that out ?
     
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