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CAD/PHP - Convert Compare Save

Canadian Dollar to Philippine Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Canadian Dollar to Philippine Peso exchange rate, has news, forecasts and CAD to PHP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

CAD/PHP Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/PHP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive PHP(₱)Exchange RateFee CADTotal CostDeal Links
OFX logo
375,600 PHP
Best Overall
37.560^3.68%
TD Canada Trust logo
371,349 PHP
4,251 PHP
37.51C$1004.77%
HSBC logo
367,648 PHP
7,952 PHP
36.82C$155.72%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
365,857 PHP
9,743 PHP
36.89156.17%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
364,914 PHP
10,686 PHP
36.86C$1006.42%
Scotiabank logo
364,518 PHP
11,082 PHP
36.82C$1006.52%
Royal Bank of Canada logo
360,855 PHP
14,745 PHP
36.45C$1007.46%
 
OFX: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:37.56 (3.68% from mid-rate)
PHP amount:375,600 PHP
Total Cost:3.68%
Time:
Rate Fetched: Mon Jul 22 2019 16:06:18 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:37.51 (3.8% from mid-rate)
PHP amount:371,349 PHP
Total Cost:4.77%
Difference:
4,251 PHP less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:C$15 CAD (.15%)
Exchange Rate:36.82 (5.57% from mid-rate)
PHP amount:367,648 PHP
Total Cost:5.72%
Difference:
7,952 PHP less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:37.04 (5.01% from mid-rate)
PHP amount:365,857 PHP
Total Cost:6.17%
Difference:
9,743 PHP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Coast Capital Savings logoCoast Capital Savings

Coast Capital Savings: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:36.86 (5.47% from mid-rate)
PHP amount:364,914 PHP
Total Cost:6.42%
Difference:
10,686 PHP less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logoScotiabank

Scotiabank: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:36.82 (5.57% from mid-rate)
PHP amount:364,518 PHP
Total Cost:6.52%
Difference:
11,082 PHP less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:36.45 (6.52% from mid-rate)
PHP amount:360,855 PHP
Total Cost:7.46%
Difference:
14,745 PHP less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 07/22/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount PHP(₱)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
37,630 PHP
Best Overall
37.63$03.5%
Royal Bank of Canada logo
36,800 PHP
830 PHP
36.805.62%
TD Canada Trust logo
36,420 PHP
1,210 PHP
36.4206.6%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
36,330 PHP
1,300 PHP
36.57C$106.83%
Scotiabank logo
35,770 PHP
1,860 PHP
36.5C$208.27%
Travelex Online CA: Travel Money CAD→PHP
CAD amount:$1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:37.63 (3.5% from mid-rate)
PHP amount:37,630 PHP
Total Cost:3.5%
Time:
Rate Fetched: 18:03 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Travel Money CAD→PHP
CAD amount:$1,000 CAD
Fee:
Exchange Rate:36.8 (5.62% from mid-rate)
PHP amount:36,800 PHP
Total Cost:5.62%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Travel Money CAD→PHP
CAD amount:$1,000 CAD
Fee:
Exchange Rate:36.42 (6.6% from mid-rate)
PHP amount:36,420 PHP
Total Cost:6.6%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→PHP
CAD amount:$1,000 CAD
Fee:C$10 CAD (1%)
Exchange Rate:34.12 (12.5% from mid-rate)
PHP amount:36,330 PHP
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logoScotiabank

Scotiabank: Travel Money CAD→PHP
CAD amount:$1,000 CAD
Fee:C$20 CAD (Minimum fee)
Exchange Rate:36.5 (6.39% from mid-rate)
PHP amount:35,770 PHP
Total Cost:8.27%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 07/22/2019 - See full table

CAD to PHP interbank exchange rate = 38.973

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on CAD/PHP exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

CAD and PHP in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs PHP, you should pay attention to the recent market trends for both currencies.

 

Canadian Dollar (CAD)

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.

Read more in the article CAD Forecasts.

 

Philippine Peso (PHP)

It’s been a solid start to 2019 for the Philippine peso, which is up slightly (between 0.6 and 2 percent) against the US dollar, Australian dollar and euro. The peso has rebounded from 13-year lows struck in the fourth quarter of last year courtesy of economic reforms, proposed fiscal spending and an S&P credit rating upgrade.

The peso slipped in the week leading up to May’s Bangko Sentral ng Pilipinas meeting, with traders correctly forecasting an interest rate cut (the first since 2016). The BSP is able to lower rates because inflation has halved over the past 6 months and is back at targeted levels.

The peso steadied post-BSP at levels near 52.2 per USD but might be pressured in the months ahead from further policy easing, which hasn’t been ruled out.

Per an ING analyst, the BSP will be comfortable with peso exchange rates between 52 and 55 per USD, but beyond these levels they might intervene in markets. ING is forecasting USD/PHP at 54 at year-end.

Why can't I just get the CAD/PHP market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / PHP was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates