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Best Exchange Rates Canada
For over a decade, BestExchangeRates.com has been a trusted resource for comparing foreign exchange rates in Canada and worldwide.
We make it easy to avoid hidden fees and inflated margins by comparing live rates from major banks and trusted money transfer specialists. Whether you’re sending money abroad or exchanging cash for travel, our tools highlight the cheapest and most convenient options in real time.
Our mission is simple: transparency. We break down complex FX fees so you can make informed decisions and keep more of your money where it belongs—in your pocket.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
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Track AUD rates - transact when market in your favour. Follow FX forecasts & analysis.
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Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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Popular CAD Exchange Rates
Follow exchange rates via your personal BER Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
We compare exchange rates from major financial institutions in Canada.
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Canadian dollar market update
The Canadian dollar (CAD) has recently shown resilience, buoyed by rising oil prices, which are critical for Canada's economy given its status as a major oil exporter. On Thursday, the CAD edged higher, tracking the upward momentum in oil prices. Analysts note that the loonie is likely to continue responding closely to fluctuations in the energy sector, particularly if oil prices maintain their upward trajectory.
Current trends indicate that the CAD to USD exchange rate is positioned at 0.7280, aligning with its 3-month average and demonstrating stability overall, having traded within a narrow range of 0.7152 to 0.7369. In contrast, the CAD to EUR stands at 0.6267, approximately 1.2% below its 3-month average, while CAD to GBP at 0.5420 is slightly above its average. Notably, the CAD to JPY has seen a significant increase, trading at 108.0, which is 2.7% above its 3-month average, indicating stronger market sentiment.
BestExchangeRates.com keeps you up-to-date on Canadian dollar forecasts by collating the views of reliable FX forecasters and economists together with recent CAD price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
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BER Rate Tracker
Track your preferred exchange rates and receive free daily alerts when the market moves. The BER Rate Tracker helps you time your international transfers for the best value. Get daily exchange rate alerts with the BER Rate Tracker. Monitor FX trends, set personalized currency pairs, and decide the best time to send money abroad—all for free.
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