BestExchangeRates Canada Compare & Save on Foreign Exchange
How BestExchangeRates Saves You Money on FX
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Canada and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
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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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.
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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We compare exchange rates from major financial institutions in Canada.
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Get Better Currency Exchange Rates
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Canadian dollar market update
The Canadian dollar (CAD), often referred to as the "loonie," experienced a notable uptick recently, bolstered by unexpected positive GDP figures and the political stability following the recent elections. Analysts observed that the domestic growth accelerated in March after a surprise contraction in February, which contributed to the loonie's strength against major currencies. As of now, the CAD is trading at 90-day highs against the USD, reaching approximately 0.7251, which is 3.0% above its 3-month average.
However, fluctuations in the CAD are expected to closely follow trends in oil prices, a critical factor given Canada's status as a leading oil exporter. Recent data indicates that oil prices have dipped to 14-day lows around 63.12, which is significantly below the 3-month average of 70.98. Such volatility in the oil market could challenge the CAD's recent gains, particularly if this downward trend continues, as lower oil prices typically exert downward pressure on the currency due to decreased export revenues.
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.
Latest Articles
Recent popular articles from our research team
Loonie Resilience Defies Odds Amid Carney Election and Trade Tensions
The Canadian dollar has defied political chaos and global headwinds to emerge as one of 2025’s unlikely winners. But with minority rule in Ottawa, soaring household debt, and a high-stakes U.S. election looming, the loonie’s fight for survival is just beginning.
Argentina's Peso Surprises Markets Amid Economic Reforms
Milei publicly criticizes economists as econo-swindlers and alarmists as Argentina's peso has defied expectations by maintaining stability following recent economic reforms, easing inflation concerns and bolstering investor confidence.
OFX vs Wise: Which Money Transfer Service Is Best For You in 2025
Looking to transfer money internationally? We compare OFX and Wise side by side, covering costs, exchange rates, speed, and features to help you choose the best service for your needs in 2025. Which one is right for you depends largely on how much you’re sending, how often you transfer, and whether you value real-time convenience or personal account management.
Best Multi-Currency Accounts
We compare the features, exchange rates and security of the three best multi-currency accounts available today — the Wise Account, the WorldFirst World Account, and the OFX Global Currency Account.
Understanding the US Dollar: A Guide to America's Currency for Travelers and Investors
The United States dollar is the official currency of the United States of America but also is the world’s dominant reserve currency, and it accounts for roughly 62% of global foreign exchange reserves, double that of the Euro and Yen. In fact, the US Dollar has been the world’s reserve currency for over 100 years.