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Best Exchange Rates

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Compare CAD to PHP foreign transfers

Use our comparison table to find the best exchange rates for Philippine Peso foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$CAD
₱PHP

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive PHP(₱)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
383,400 PHP
Best Overall
38.340^3.15%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
394,300 PHP
10,900 PHP
39.4300.4%Bank Transfers - Online & Phone1-2 days
TD Canada Trust logo
376,992 PHP
6,408 PHP
38.08$1004.77%Online, Branch, Bank Transfers2-3 days
HSBC logo
375,436 PHP
7,964 PHP
37.6$155.16%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
373,117 PHP
10,283 PHP
37.62155.75%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings logo
372,537 PHP
10,863 PHP
37.63$1005.89%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
372,240 PHP
11,160 PHP
37.6$1005.97%Online, Branch, Bank Transfers2-3 days
 
Royal Bank of Canada logo
368,379 PHP
15,021 PHP
37.21$1006.94%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:38.34 (3.15% from mid-rate)
PHP amount:383,400 PHP
Total Cost:3.15%
Time:
Rate Fetched: Sat Feb 23 2019 10:07:03 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:
Exchange Rate:39.43 (0.4% from mid-rate)
PHP amount:394,300 PHP
Total Cost:0.4%
Difference:
10,900 PHP more than using OFX
Time:12:15 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
TD Canada Trust: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:38.08 (3.81% from mid-rate)
PHP amount:376,992 PHP
Total Cost:4.77%
Difference:
6,408 PHP less than using OFX
Time:12:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:37.6 (5.02% from mid-rate)
PHP amount:375,436 PHP
Total Cost:5.16%
Difference:
7,964 PHP less than using OFX
Time:12:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo

Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:37.61 (4.99% from mid-rate)
PHP amount:373,117 PHP
Total Cost:5.75%
Difference:
10,283 PHP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Coast Capital Savings: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:37.63 (4.94% from mid-rate)
PHP amount:372,537 PHP
Total Cost:5.89%
Difference:
10,863 PHP less than using OFX
Time:12:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Scotiabank: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:37.6 (5.02% from mid-rate)
PHP amount:372,240 PHP
Total Cost:5.97%
Difference:
11,160 PHP less than using OFX
Time:12:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Royal Bank of Canada: Foreign Transfer CAD→PHP
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:37.21 (6% from mid-rate)
PHP amount:368,379 PHP
Total Cost:6.94%
Difference:
15,021 PHP less than using OFX
Time:12:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in Canada with FINTRAC. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/23/2019

1 CAD = 39.6239 PHP

This is the current CAD-PHP mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market CAD-PHP exchange rate.

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Currency news and forecasts for Canadian Dollar and Philippine Peso

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the CAD vs PHP, you should pay attention to both Canadian Dollar and Philippine Peso news and forecasts.

Canadian Dollar (CAD) - Market news and forecasts

7-February-19: January was a fantastic month for the Canadian dollar. A gain of 4 percent relative to the US dollar took USD/CAD away from 19-month highs near C$1.365 into the low C$1.31s.

A recovery in the oil market has played a big part in the loonie’s 2019 recovery. By the time of this report, oil had gained nearly $12 per barrel, or 23 percent, on 2018 lows. The price of oil remains vital to Canada’s economy; it had fallen by as much as 40 percent in the October-December period.

Going forward, risks to the Canadian dollar include, of course, oil, and the return of global trade tensions.

Towards the end of 2018, Goldman Sachs predicted a strong energy market rebound in 2019 — more so than has already been realised — and this would underpin Canada’s currency.

In February, Westpac reaffirmed its view that the Canadian dollar would be an outperformer in 2019. Canada’s growth picture is more secure than those of the eurozone, UK or Australia, Westpac believes, and as a result, the Bank of Canada will be more hawkish this year relative to other G10 central banks, driving CAD appreciation.

Philippine Peso (PHP) - Market news and forecasts

9-January-19: Since 2013, the Philippine peso has been among the world’s worst performing currencies. In the final quarter of 2018, the peso weakened to its lowest level against the US dollar since 2005, at rates in the ₱54.40s. By 2018 year-end, the peso had recovered into the mid-₱52s per USD and was down around 5 percent for the year.

Unfortunately for peso holders, the currency’s downtrend (USD/PHP’s uptrend) will likely resume in 2019, per remarks by DBS’ chief economist, who said “a very similar dynamic” of peso weakness would play out.

FX forecasters surveyed by Bloomberg in January expected the peso to be the joint second-worst performing Asian currency of 2019, with an expected loss versus the dollar of 2.5 percent. Given that the same forecasters expected a disappointing year for the dollar, it was implied that the peso would do far worse against other major currencies.

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