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Best Exchange Rates Canada

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

 

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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
7,389 USD
Best Overall
0.73890^0.93%
HSBC logo
7,234.13 USD
155 USD
0.7245$153%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
7,179.48 USD
210 USD
0.7252$1003.73%
Scotiabank logo
7,172.55 USD
216 USD
0.7245$1003.83%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
7,158 USD
231 USD
0.7218154.03%
TD Canada Trust logo
7,103.25 USD
286 USD
0.7175$1004.76%
Royal Bank of Canada logo
7,099.29 USD
290 USD
0.7171$1004.81%
 
OFX: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:0.7389 (0.93% from mid-rate)
USD amount:7,389 USD
Total Cost:0.93%
Time:
Rate Fetched: Tue Jun 18 2019 06:04:37 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:0.7245 (2.86% from mid-rate)
USD amount:7,234.13 USD
Total Cost:3%
Difference:
155 USD less than using OFX
Time:6:48 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:$100 CAD (1%)
Exchange Rate:0.7252 (2.76% from mid-rate)
USD amount:7,179.48 USD
Total Cost:3.73%
Difference:
210 USD less than using OFX
Time:6:48 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:$100 CAD (1%)
Exchange Rate:0.7245 (2.86% from mid-rate)
USD amount:7,172.55 USD
Total Cost:3.83%
Difference:
216 USD less than using OFX
Time:6:48 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:0.7085 (5% from mid-rate)
USD amount:7,158 USD
Total Cost:4.03%
Difference:
231 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7175 (3.79% from mid-rate)
USD amount:7,103.25 USD
Total Cost:4.76%
Difference:
286 USD less than using OFX
Time:6:48 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→USD
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:0.7171 (3.85% from mid-rate)
USD amount:7,099.29 USD
Total Cost:4.81%
Difference:
290 USD less than using OFX
Time:6:48 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/18/2019 - See full table
 
Travel Money ProvidersAmount USD($)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
719.70 USD
Best Overall
0.7197$03.5%
Royal Bank of Canada logo
703.90 USD
16 USD
0.703905.62%
TD Canada Trust logo
696.70 USD
23 USD
0.696706.58%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
694.91 USD
25 USD
0.6996$106.82%
Scotiabank logo
684.14 USD
36 USD
0.6981$208.27%
Travelex Online CA: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7197 (3.5% from mid-rate)
USD amount:719.70 USD
Total Cost:3.5%
Time:
Rate Fetched: 6:48 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:0.7039 (5.62% from mid-rate)
USD amount:703.90 USD
Total Cost:5.62%
Time:6:48 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:0.6967 (6.58% from mid-rate)
USD amount:696.70 USD
Total Cost:6.58%
Time:6:48 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$10 CAD (1%)
Exchange Rate:0.6526 (12.5% from mid-rate)
USD amount:694.91 USD
Total Cost:6.82%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logoScotiabank

Scotiabank: Travel Money CAD→USD
CAD amount:$1,000 CAD
Fee:$20 CAD (Minimum fee)
Exchange Rate:0.6981 (6.4% from mid-rate)
USD amount:684.14 USD
Total Cost:8.27%
Time:6:48 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 06/18/2019 - See full table
 

Read our foreign exchange guides - make informed decisions.

Market Outlook for the Canadian dollar

CAD/USD – 3 month chart

It’s been a mixed bag of late for the Canadian dollar, with geopolitical risks, global interest rates and matters affecting global trade, rather than commodities or Canadian economic data, most influencing CAD rates.

In April and May, the loonie lost out slightly (by roughly 1 percent) against the US dollar and euro, but made small progress against the pound and Australian dollar.

For CAD, investors said in early June that they did not like the recent escalation in US-China trade tensions, which threatens the outlook for global trade and for commodities; nor did they like Washington’s announcement in late May of a 5 percent tariff on all Mexican goods — an illegal move under the new NAFTA 2.0 free-trade deal which some suspect might see the deal torn up.

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

 

Recent CAD News

Booming Commodities Can’t Save Australian Dollar

The Australian dollar is at or near multi-month lows against a number of major currencies in spite of a rampant iron ore market — once a great influence on AUD.

Last update: 15 Jun, 2019

Sterling Nears 5-Month Low Versus Euro

The UK economy is shrinking, as is the pound, which is buying less than 1.12 euros for the first time since mid-January. Investors are becoming increasingly unsettled over Brexit, particularly with Boris Johnson a hot favourite to become the UK’s next prime minister.

Last update: 11 Jun, 2019

US Dollar at 10-Week Low After Payrolls Disappoint; Fed Rate Cuts Now a Certainty

Investors dumped the US dollar on Friday after US jobs data came in well short of estimates and cemented expectations for lower US interest rates. In the coming months, the greenback might maintain its value based on safe haven inflows and looser monetary policies in other parts of the world.

Last update: 7 Jun, 2019

Australia Cuts Interest Rates for the First Time in 3 Years

The Australian dollar remains stable in the high US$0.69s following the RBA’s decision on Tuesday to cut Australian interest rates to a record low of 1.25 percent.

Last update: 4 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

The pound slipped to a 5-month low of 1.12 euros in June. Against the US dollar, it climbed away from May’s multi-month low of $1.256 to $1.27, but was still 5 percent lower than March's high of $1.338.

Brexit paralysis in the UK has led to declines in business investment and two months of economic contraction (for the months of March and April).

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is predicted by betting markets, 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 receiving some support from the Bank of England which, surprisingly, is the only major central bank to be considering raising interest rates this year.

Compare CAD-GBP Exchange Rates

 

Foreign Exchange Provider Reviews

WorldFirst Foreign Transfers – BER Review

WorldFirst is a market leader in the international payments space and is consistently ranked among the most reliable and cheapest money transfer handlers for four-figure sums.

Last update: 12 Jun, 2019

Best Multi-Currency Accounts 2019: WorldFirst vs. TransferWise vs. OFX

We compare the features, exchange rates and security of the three best multi-currency accounts available today — the WorldFirst World Account, the TransferWise Borderless Account and the OFX Global Currency Account.

Last update: 12 Jun, 2019

WorldFirst World Account – BER Review

WorldFirst World Account – Independent BER Review World Account: A Summary WorldFirst, a market leader in the international payments space, offers a multi-currency “World Account” that allows businesses to hold, send and receive funds in 10 major currencies: GBP, EUR, USD, AUD, CAD, JPY, SGD, NZD, CNH and HKD. With a World Account, businesses can […]

Last update: 8 Jun, 2019

Market Outlook for the Euro

EUR/CAD – 3 month chart

Against the US dollar, the euro struck a 2-year low of $1.111 on May-23, though that mostly reflected the greenback's broad-based strength.

Against the pound, the euro set a record 14-day winning streak in May, and is now near 3-month highs at £0.882; it was also strong against the Australian dollar, at A$1.617.

Compare CAD-EUR Exchange Rates

 

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