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Best Exchange Rates Canada

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

 

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

 

View all CAD Exchange Rates

 

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($)Exchange RateFee CADTotal CostDeal Links
OFX logo
7,451 USD
Best Overall
0.74510^0.8%
XE logo
7,417 USD
34 USD
0.741701.25%
HSBC logo
7,215.16 USD
236 USD
0.7226C$153.94%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
7,160.67 USD
290 USD
0.7233C$1004.66%
Scotiabank logo
7,153.74 USD
297 USD
0.7226C$1004.76%
TD Canada Trust logo
7,153.74 USD
297 USD
0.7226C$1004.76%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
7,153 USD
298 USD
0.7213154.77%
Royal Bank of Canada logo
7,080.48 USD
371 USD
0.7152C$1005.73%
 
OFX: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.7451 (0.8% from mid-rate)
USD amount:7,451 USD
Total Cost:0.8%
Time:
Rate Fetched: 6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:
Exchange Rate:0.7417 (1.25% from mid-rate)
USD amount:7,417 USD
Total Cost:1.25%
Difference:
34 USD less than using OFX
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:C$15 CAD (.15%)
Exchange Rate:0.7226 (3.79% from mid-rate)
USD amount:7,215.16 USD
Total Cost:3.94%
Difference:
236 USD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logoCoast Capital Savings

Coast Capital Savings: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.7233 (3.7% from mid-rate)
USD amount:7,160.67 USD
Total Cost:4.66%
Difference:
290 USD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logoScotiabank

Scotiabank: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.7226 (3.79% from mid-rate)
USD amount:7,153.74 USD
Total Cost:4.76%
Difference:
297 USD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.7226 (3.79% from mid-rate)
USD amount:7,153.74 USD
Total Cost:4.76%
Difference:
297 USD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:0.7135 (5.01% from mid-rate)
USD amount:7,153 USD
Total Cost:4.77%
Difference:
298 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:0.7152 (4.78% from mid-rate)
USD amount:7,080.48 USD
Total Cost:5.73%
Difference:
371 USD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table
 
Travel Money ProvidersAmount USD($)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
724.80 USD
Best Overall
0.7248$03.5%
Royal Bank of Canada logo
708.90 USD
16 USD
0.708905.62%
TD Canada Trust logo
701.60 USD
23 USD
0.701606.59%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
699.85 USD
25 USD
0.7045C$106.82%
Scotiabank logo
689.04 USD
36 USD
0.7031C$208.26%
Travelex Online CA: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7248 (3.5% from mid-rate)
USD amount:724.80 USD
Total Cost:3.5%
Time:
Rate Fetched: 6:02 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.7089 (5.62% from mid-rate)
USD amount:708.90 USD
Total Cost:5.62%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:0.7016 (6.59% from mid-rate)
USD amount:701.60 USD
Total Cost:6.59%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:C$10 CAD (1%)
Exchange Rate:0.6572 (12.5% from mid-rate)
USD amount:699.85 USD
Total Cost:6.82%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logoScotiabank

Scotiabank: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:C$20 CAD (Minimum fee)
Exchange Rate:0.7031 (6.39% from mid-rate)
USD amount:689.04 USD
Total Cost:8.26%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 08/25/2019 - See full table
 

Read our foreign exchange guides - make informed decisions.

Market Outlook for the Canadian dollar

CAD/USD – 3 month chart

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.

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

 

Recent CAD News

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: 13 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

Australians Swerve Thai Holidays with Exchange Rates in the Gutter

With AUD-THB at a 10-year low, Australians travelling this year to Thailand’s wildly popular resorts are facing holiday costs 50 percent higher than those paid in 2012. With exchange rates as they are, those in Oz are choosing better-value destinations.

Last update: 23 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

By some margin, the pound was the worst-performing major currency in the second quarter. 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.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

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.

Compare CAD-GBP Exchange Rates

 

Foreign Exchange Provider Reviews

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: 23 Aug, 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: 14 Jul, 2019

WorldRemit – BER Review

With WorldRemit, send money online 24/7 to 140 destinations at highly competitive exchange rates. Send to bank accounts and mobile money wallets, top up a loved one’s mobile phone or send for cash pick-up.

Last update: 7 Jul, 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

 

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