Amid Coronavirus-Related Trip Cancellations, Continental Currency Exchange Announces Offer to Buy Back Foreign Currency at Purchased Rate

TORONTO, March 12, 2020 /CNW/ - Canadians who purchased foreign currency at Continental Currency Exchange for school-organized international trips are being offered some financial relief by the company. Continental Currency Exchange, which operates 19 branches across Ontario, today announced that customers who bought foreign currency at any one of their branches for school-organized travel may return it and receive the same rate for which it was purchased, notwithstanding any decrease in currency valuation that may occur post purchase date. The company's announcement comes at a time when many school boards have announced cancellations to school-organized trips in response to COVID-19, and as many more consider whether to travel to foreign destinations, weighing potential health concerns and financial losses.

Effective immediately, all 19 Continental Currency Exchange branches will repurchase foreign currency from customers whose school-organized international trips were canceled.  Simply present a receipt as confirmation of a prior transaction made at any one of its branches from January 15, 2020.  This offer is valid until June 30, 2020. 

Recent currency volatility and the cost of selling back unused foreign currency can be significant. This offer is intended to prevent customers from losing money on exchange rates, including students whose trip represents a significant portion of their disposable income. The company wants to assist students who would rather have access to their funds in Canadian currency as opposed to holding foreign currency they no longer require.

QUOTES

Rob Wittmann, Interim CEO, Continental Currency Exchange

"This is a very stressful and uncertain time for many Canadians. Those impacted by cancelled travel plans do not want to lose money on exchange rates, including students whose Spring-break trip represents a significant portion of their disposable income," says Rob Wittmann, Interim CEO, Continental Currency Exchange. "Against a backdrop of growing concern and trip-cancellation-related disappointment, we want to be a source of good news and some financial relief to Ontarians who are looking to recover some of their hard-earned savings. This decision is absolutely in line with our 30-year-history of putting our customers first."

ABOUT CONTINENTAL CURRENCY EXCHANGE

Continental Currency Exchange is the largest independently owned retailer of foreign exchange in Canada serving individual and corporate clients since 1987. The company operates 19 branches situated in retail shopping malls across Ontario. Continental Currency Exchange offers a range of convenient currency solutions including buying and selling foreign currency, wires and transfers; and pre-authorized debit and deposit (PAD) services between Canadian and US accounts.

SOURCE Continental Currency Exchange

For further information or to arrange an interview: Leanna Falkiner, evoQ International, [email protected], 647.998.5662