Loading...

Best Exchange Rates

Compare & Save on Exchange Rates from leading foreign exchange providers

 

It looks like you're in the United States? You can go to our dedicated site for users in the United States.

United States site Stay on CA site

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 FX Alerts.
 

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
 

 

Canadian Dollar Markets

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents 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.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

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


CAD / USD – 90 Day Trend
Sell CAD – Buy USD
ALERT: 14-DAY LOWS 🔔 |
CAD/USD at 0.7652 is trading 0.7% above the 90-day average 0.76 with a range 0.75 to 0.7714. ALERT: CAD/USD has dropped to 14-DAY LOWS.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

See all CAD 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.

 

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.

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.

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.

 

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

 

Some examples of how much you can save

  

CAD to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD(U$)Exchange RateFee CADTotal CostDeal Links
OFX logo
U$7,592
Best Overall
0.75920^0.8%
XE logo
U$7,557
U$35 less
0.755701.25%
HSBC logo
U$7,333.98
U$258 less
0.7345C$154.17%
TD Canada Trust logo
U$7,288.38
U$304 less
0.7362C$1004.76%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
U$7,279.47
U$313 less
0.7353C$1004.88%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
U$7,274
U$318 less
0.7335154.95%
Scotiabank logo
U$7,271.55
U$320 less
0.7345C$1004.98%
Royal Bank of Canada logo
U$7,197.3
U$395 less
0.727C$1005.95%
 
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:0.7592 (0.8% from mid-rate)
To Amount (USD) U$7,592
Total Cost:0.8%
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:
 
XE logo
XE: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:
Exchange Rate:0.7557 (1.25% from mid-rate)
To Amount (USD) U$7,557
Total Cost:1.25%
Difference:
U$35 USD less than using OFX
Time:6:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:0.7345 (4.02% from mid-rate)
To Amount (USD) U$7,333.98
Total Cost:4.17%
Difference:
U$258 USD less than using OFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.7362 (3.8% from mid-rate)
To Amount (USD) U$7,288.38
Total Cost:4.76%
Difference:
U$304 USD less than using OFX
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:0.7353 (3.92% from mid-rate)
To Amount (USD) U$7,279.47
Total Cost:4.88%
Difference:
U$313 USD less than using OFX
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:0.7270 (5% from mid-rate)
To Amount (USD) U$7,274
Total Cost:4.95%
Difference:
U$318 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→USD
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:0.7345 (4.02% from mid-rate)
To Amount (USD) U$7,271.55
Total Cost:4.98%
Difference:
U$320 USD less than using OFX
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:0.7270 (5% from mid-rate)
To Amount (USD) U$7,197.3
Total Cost:5.95%
Difference:
U$395 USD less than using OFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/18/2020 - See full table
 
Travel Money ProvidersAmount USD(U$)Exchange RateFee CADTotal CostDeal Links
Banks - Average Rate Foreign Currency
U$662.90
Compare
0.6696C$1013.38%
 
Banks - Average Rate
Travel Money CAD→USD
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:0.6696 (12.5% from mid-rate)
To Amount (USD) U$662.90
Total Cost:13.38%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/18/2020 - See full table