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Best Exchange Rates Canada

Compare & Save on Canadian Dollar (CAD) Exchange Rates from leading foreign exchange providers in Canada

 

Three Simple Steps to Saving on Foreign Exchange

 
  1. Do not use a bank!
  2. Cut costs (foreign exchange rate margin and fees) by Comparing Providers
  3. Time transactions to when the market is in your favour - Setup MYALERTS.
 

Get a Better Deal when you Send and Spend Abroad.

 

Compare FX Providers and Banks for:

 

We compare and review only trusted regulated FX brands

  • Transferwise
  • OFX
  • World First
  • World Remit
  • Travelex Canada

Compare the actual market exchange rates

  

CAD to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD(U$)Exchange RateFee CADTotal CostDeal Links
XE logo
U$7,449
Best Overall
0.744901.25%
OFX logo
U$7,483
U$34 more
0.74830^0.8%
HSBC logo
U$7,265.09
U$184 less
0.7276C$153.68%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
U$7,210.17
U$239 less
0.7283C$1004.41%
Scotiabank logo
U$7,203.24
U$246 less
0.7276C$1004.5%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
U$7,198
U$251 less
0.7259154.57%
TD Canada Trust logo
U$7,183.44
U$266 less
0.7256C$1004.77%
Royal Bank of Canada logo
U$7,129.98
U$319 less
0.7202C$1005.48%
 

XE logo

XE: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:
Exchange Rate:0.7449 (1.25% from mid-rate)
To Amount (USD) U$7,449
Total Cost:1.25%
Time:6:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.7483 (0.8% from mid-rate)
To Amount (USD) U$7,483
Total Cost:0.8%
Difference:
U$34 USD more than using XE
Time:
Rate Fetched: 6:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:0.7276 (3.54% from mid-rate)
To Amount (USD) U$7,265.09
Total Cost:3.68%
Difference:
U$184 USD less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logo

Coast Capital Savings: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.7283 (3.45% from mid-rate)
To Amount (USD) U$7,210.17
Total Cost:4.41%
Difference:
U$239 USD less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logo

Scotiabank: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.7276 (3.54% from mid-rate)
To Amount (USD) U$7,203.24
Total Cost:4.5%
Difference:
U$246 USD less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:0.7166 (5% from mid-rate)
To Amount (USD) U$7,198
Total Cost:4.57%
Difference:
U$251 USD less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TD Canada Trust logo

TD Canada Trust: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.7256 (3.8% from mid-rate)
To Amount (USD) U$7,183.44
Total Cost:4.77%
Difference:
U$266 USD less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logo

Royal Bank of Canada: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.7202 (4.52% from mid-rate)
To Amount (USD) U$7,129.98
Total Cost:5.48%
Difference:
U$319 USD less than using XE
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/09/2019 - See full table
 
Travel Money ProvidersAmount USD(U$)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
U$727.90
Best Overall
0.7279$03.5%
Royal Bank of Canada logo
U$711.90
U$16 less
0.711905.62%
TD Canada Trust logo
U$704.60
U$23 less
0.704606.59%
Banks - Average Rate
Scotiabank logo TD Canada Trust logo Royal Bank of Canada logo
U$702.83
U$25 less
0.7075C$106.82%
Scotiabank logo
U$691.98
U$36 less
0.7061C$208.26%
 

Travelex Online CA logo

Travelex Online CA: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7279 (3.5% from mid-rate)
To Amount (USD) U$727.90
Total Cost:3.5%
Time:
Rate Fetched: 6:06 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logo

Royal Bank of Canada: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:
Exchange Rate:0.7119 (5.62% from mid-rate)
To Amount (USD) U$711.90
Total Cost:5.62%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logo

TD Canada Trust: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:
Exchange Rate:0.7046 (6.59% from mid-rate)
To Amount (USD) U$704.60
Total Cost:6.59%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:0.6600 (12.5% from mid-rate)
To Amount (USD) U$702.83
Total Cost:6.82%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logo

Scotiabank: Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:0.7061 (6.39% from mid-rate)
To Amount (USD) U$691.98
Total Cost:8.26%
Time:6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 12/09/2019 - See full table
 

Read our foreign exchange guides - make informed decisions.

Market Outlook for the Canadian dollar

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

90-DAY TREND: At 0.7546 CAD/USD is trading near the average 0.7563 with a range 0.7498 to 0.766. There are no current alerts.
Update: 08-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)
CAD/USD – 3 month trend

For more details read the full article Canadian dollar news and forecasts.

 

Recent CAD News

Disruptors Challenging Australian Banks in Forex Price and Service: ACCC Report

Key Takeaways from the ACCC inquiry into currency conversion services. BestExchangeRates referenced among comparison sites playing an important role in customer awareness of the excessive currency margins charged by banks.

Last update: 1 Oct, 2019

AUD/GBP Between a Rock and a Hard Place – USD Strength

AUD/GBP versus AUD/USD and GBP/USD

Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.

Last update: 27 Aug, 2019

Australia Cuts Interest Rates to Record Low

RBA Australian dollar AUD currency news and forecasts

The RBA has cut Australian interest rates to a record low of 1 percent in an effort to boost inflation. The Australian dollar is slightly stronger following the widely expected decision but is expected to lose 5–7 percent of its value before year-end.

Last update: 14 Aug, 2019

GBP’s Bright Start to the Year Is a Distant Memory

The British pound was the worst-performing major currency in the April-June period and remains “impossible to forecast” amid a Tory leadership battle that might force “no deal” or a general election.

Last update: 30 Jun, 2019

 

Market Outlook for the US dollar

USD/CAD – 3 month chart

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Compare CAD-USD Exchange Rates

 

Money Saving Guides

Best exchange rates sending money from Canada

The holy grail when you send money abroad is finding an organisation that you can trust and one that offers the best exchange rates along with transparent, smart and straightforward customer service.

Last update: 3 May, 2019

 

Market Outlook for the British pound

GBP/CAD – 3 month chart

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Earlier in the year the pound was the worst-performing major currency by some margin. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Compare CAD-GBP Exchange Rates

 

Foreign Exchange Provider Reviews

TransferWise Money Transfers – Review

TransferWise has been making waves in the global payments market since it came on the scene back in 2011 and is undoubtedly one of the best services for sending money across borders.

Last update: 29 Nov, 2019

OFX 2019 Review – Foreign transfers with OFX compared

OFX is one of the world’s largest and best providers of international money transfers. This highly regulated firm offers a complete foreign exchange solution complete with 24/7 phone support.

Last update: 27 Aug, 2019

XE Money Transfer – BER Review

XE works on razor thin margins for money transfers to more than 100 countries and nearly always guarantees a fantastic deal. Transfers can be booked online and over the phone and most are processed within a single working day.

Last update: 26 Aug, 2019

Market Outlook for the Euro

EUR/CAD – 3 month chart

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Compare CAD-EUR Exchange Rates

 

Get a Better FX Deal when you Send and Spend Abroad.