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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 a Watchlist.
 

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

 
 

We compare and review only trusted regulated FX brands

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

Watchlist (Popular CAD Rates)

Exchange rates are volatile and can move considerably on a daily basis. Setting up a watchlist will help you decide the best time to make a foreign exchange transaction. These daily alerts can notify you either when the interbank exchange rate make large UP/DOWN moves or when rates reach a HIGH/LOW for periods up to 90-days.

FROM / TO 90 DAY TRENDLATEST RATEALERTS (UP/DOWN/HI/LO)

CAD / USD
0.7575
ALERT: 30-DAY HIGH |
CAD/USD is trading near the 90 day average 0.7555 with a range from LOW 0.7484 to HIGH 0.7676. ALERT: Today CAD/USD has risen to a 30-DAY HIGH.

CAD / EUR
0.684
CAD/EUR is trading near the 90 day average 0.6821 with a range from LOW 0.6684 to HIGH 0.693. There are currently no alerts.

CAD / GBP
0.5907
ALERTS: 14-DAY DOWN 3.9% | 90-DAY LOW |
CAD/GBP is trading well below the 90 day average 0.6137 with a range from LOW 0.5905 to HIGH 0.6287. ALERTS: CAD/GBP is DOWN 3.9% this 14-DAY period and has also dropped to a 90-DAY LOW.

Login to Create your own Watchlist

Compare the actual market exchange rates

CAD to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD(U$)Exchange RateFee CADTotal CostDeal Links
OFX logo
U$7,518
Best Overall
0.75180^0.8%
XE logo
U$7,484
U$34 less
0.748401.25%
HSBC logo
U$7,304.03
U$214 less
0.7315C$153.63%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
U$7,249.77
U$268 less
0.7323C$1004.34%
Scotiabank logo
U$7,241.85
U$276 less
0.7315C$1004.45%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
U$7,236
U$282 less
0.7297154.52%
TD Canada Trust logo
U$7,218.09
U$300 less
0.7291C$1004.76%
Royal Bank of Canada logo
U$7,167.6
U$350 less
0.724C$1005.43%
 

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:0.7518 (0.8% from mid-rate)
To Amount (USD) U$7,518
Total Cost:0.8%
Time:
Rate Fetched: 18:02 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:0.7484 (1.25% from mid-rate)
To Amount (USD) U$7,484
Total Cost:1.25%
Difference:
U$34 USD less than using OFX
Time:18:02 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:0.7315 (3.48% from mid-rate)
To Amount (USD) U$7,304.03
Total Cost:3.63%
Difference:
U$214 USD less than using OFX
Time:18:02 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:0.7323 (3.38% from mid-rate)
To Amount (USD) U$7,249.77
Total Cost:4.34%
Difference:
U$268 USD less than using OFX
Time:18:02 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:0.7315 (3.48% from mid-rate)
To Amount (USD) U$7,241.85
Total Cost:4.45%
Difference:
U$276 USD less than using OFX
Time:18:02 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:0.7200 (5% from mid-rate)
To Amount (USD) U$7,236
Total Cost:4.52%
Difference:
U$282 USD less than using OFX
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:0.7291 (3.8% from mid-rate)
To Amount (USD) U$7,218.09
Total Cost:4.76%
Difference:
U$300 USD less than using OFX
Time:18:02 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:0.7240 (4.47% from mid-rate)
To Amount (USD) U$7,167.6
Total Cost:5.43%
Difference:
U$350 USD less than using OFX
Time:18:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 10/16/2019 - See full table
 
Travel Money ProvidersAmount USD(U$)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
U$731.40
Best Overall
0.7314$03.5%
Royal Bank of Canada logo
U$715.30
U$16 less
0.715305.62%
TD Canada Trust logo
U$708.00
U$23 less
0.70806.58%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
U$706.17
U$25 less
0.7109C$106.83%
Scotiabank logo
U$695.21
U$36 less
0.7094C$208.27%
 

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:0.7314 (3.5% from mid-rate)
To Amount (USD) U$731.40
Total Cost:3.5%
Time:
Rate Fetched: 18:02 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:0.7153 (5.62% from mid-rate)
To Amount (USD) U$715.30
Total Cost:5.62%
Time:18:02 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:0.7080 (6.58% from mid-rate)
To Amount (USD) U$708.00
Total Cost:6.58%
Time:18:02 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:0.6632 (12.5% from mid-rate)
To Amount (USD) U$706.17
Total Cost:6.83%
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:0.7094 (6.4% from mid-rate)
To Amount (USD) U$695.21
Total Cost:8.27%
Time:18:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 10/16/2019 - 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

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

On October 11 the pound had a large one-day rise against the Euro with signs that the EU and UK could still get a Brexit deal ahead of the October 31 deadline. Pound valuations will continue to fluctuate based on Brexit 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.

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.

Compare CAD-GBP Exchange Rates

 

Foreign Exchange Provider Reviews

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

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: 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.