BestExchangeRates Canada Compare & Save on Foreign Exchange
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How BestExchangeRates Saves Canadians 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.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track CAD rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
We compare exchange rates from popular financial institutions in Canada.
Save with our partners who are among the best & most trusted brands in Canada.
Canadian dollar Market Update
BestExchangeRates.com keeps you up-to-date on Canadian dollar forecasts by collating the views of reliable FX forecasters and economists together with recent 90-day CAD price data. 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.
The Canadian dollar (CAD) has faced challenges against the US dollar (USD) in recent months due to the volatility in global financial markets. Despite strong correlations between the US and Canadian economies, the risk-on and risk-off sentiment has been the primary driver of CAD's performance. Experts suggest that the ongoing decline in housing prices and the resulting adverse wealth effects could further weigh on the Canadian dollar in 2023.
In terms of key currency pairs, the CAD to USD exchange rate currently sits just below its 3-month average at 0.7423. This pair has traded within a relatively stable range of 4.4% from 0.7307 to 0.7626. The CAD to EUR exchange rate, on the other hand, is 2.4% above its 3-month average at 0.7015. It has exhibited stability within a 4.9% range from 0.6721 to 0.7053. Similarly, the CAD to GBP exchange rate is 3.1% higher than its 3-month average at 0.6075. It has traded within a stable range of 5.8% from 0.5772 to 0.6105.
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.
Where do you want to Send Money?
Popular CAD Money Transfers on BER
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.
What Currency do you want to Buy?
Canadian dollar Currency News & Guides
Popular Cross Rates
Recent trends: HIGH▲LOW▼UP▲DOWN▼
Check out our Money Saving Guides, Provider & Bank Reviews, Forecasts, FX-News and Content-Hub for more.
Looking for a way to make your next trip more affordable? Check out our Country Guides to the best deals for your international foreign transfers and travel money. These articles will give you travel tips and offer advice for your next trip abroad.
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BER is operated by Best Exchange Rates Pty Ltd, a company incorporated under the laws of Australia with company number ABN 68082714841.BER is a comparison website only and not a currency trading platform. BestExchangeRates.com uses cookies. Disclaimer & Terms of Service Privacy