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Compare CAD to PHP foreign transfers

Save with best rates & low fees on Philippine Peso foreign transfers versus the Banks

 

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$CAD
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Compare CAD to PHP Foreign Transfers vs the Banks

Foreign Transfer ProvidersAmount PHP(₱)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
OFX logo
383,800 PHP
Top Provider
38.380^3.2%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
394,900 PHP
₱11,100 more
39.4900.4%Bank Transfers - Online & Phone1-2 days
 
TD Canada Trust logo
377,586 PHP
₱6,214 less
38.14$1004.77%Online, Branch, Bank Transfers2-3 days
HSBC logo
375,736 PHP
₱8,064 less
37.63$155.23%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
373,513 PHP
₱10,287 less
37.66155.79%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings logo
372,933 PHP
₱10,867 less
37.67$1005.94%Online, Branch, Bank Transfers2-3 days
Scotiabank logo
372,537 PHP
₱11,263 less
37.63$1006.04%Online, Branch, Bank Transfers2-3 days
Royal Bank of Canada logo
368,775 PHP
₱15,025 less
37.25$1006.99%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:38.38 (3.2% from mid-rate)
PHP amount:383,800 PHP
Total Cost:3.2%
Time:
Rate Fetched: Sun Dec 16 2018 16:06:19 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:39.49 (0.4% from mid-rate)
PHP amount:394,900 PHP
Total Cost:0.4%
Difference:
₱11,100 more than using OFX
Time:18:15 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:38.14 (3.8% from mid-rate)
PHP amount:377,586 PHP
Total Cost:4.77%
Difference:
₱6,214 less than using OFX
Time:18:15 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:37.63 (5.09% from mid-rate)
PHP amount:375,736 PHP
Total Cost:5.23%
Difference:
₱8,064 less than using OFX
Time:18:15 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:37.67 (4.99% from mid-rate)
PHP amount:373,513 PHP
Total Cost:5.79%
Difference:
₱10,287 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:37.67 (4.99% from mid-rate)
PHP amount:372,933 PHP
Total Cost:5.94%
Difference:
₱10,867 less than using OFX
Time:18:15 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:37.63 (5.09% from mid-rate)
PHP amount:372,537 PHP
Total Cost:6.04%
Difference:
₱11,263 less than using OFX
Time:18:15 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:37.25 (6.05% from mid-rate)
PHP amount:368,775 PHP
Total Cost:6.99%
Difference:
₱15,025 less than using OFX
Time:18:15 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
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs CAD/PHP mid-rate: 39.6481

This calculator compares exchange rates for CAD to PHP international money transfers. You can also compare CAD to PHP travel money rates or use our quick and easy CAD to PHP currency converter instead.

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

5-December-18: In early December, the Canadian dollar traded at C$1.34 per USD — its weakest level in 18 months. It did so after traders revised down their expectations for future Canadian interest rate hikes following a dovish Bank of Canada meeting.

Also not helping the loonie in late 2018 has been the oil price which, by the time of this report, had slumped 30 percent from 2018 highs. Oil is Canada’s largest export.

In December, several FX analysts expressed a belief that inevitable OPEC production cuts will create a rebound in the oil market, which will drive the Canadian dollar higher throughout 2019.

Risks to the Canadian dollar include, of course, oil, and the return of global trade tensions. Tensions eased in early December when US and Chinese leaders agreed to suspend tariff increases for 3 months.

Also in December, Citibank offered a “long-term” (>18 months) forecast for USD/CAD of 1.2, representing potential CAD appreciation of 12 percent.

Philippine Peso (PHP) - Market news and forecasts

Since 2013, the Philippine peso has been among the world’s worst performing currencies. The second quarter of 2018 saw the peso fall to its lowest levels since 2005 at rates per US dollar in the mid-₱54s. With October and early November’s recovery (see below) to 53 per dollar, the peso reduced its year-to-date loss to only 5.7 percent versus the greenback. Against the euro, the peso was little changed (₱60.22) on the year, and it was marginally higher against the Australian dollar (₱38.33).

The principal reasons for peso weakness remain the Philippines’ trade deficit, which in 2017 was the largest ever recorded at $29.8 billion, and inflation, which reached 6.7 percent in the year to September.

On November 8th (the day of this report), the peso achieved its highest level against the dollar in 5 months and its highest level against the euro in 10 months. Short-term peso strength has been the result of a “perception that inflation has peaked,” said a Union Bank of the Philippines economist.

For 2019, the peso’s downtrend will likely resume, per the remarks of DBS’ chief economist, who believes that “a very similar dynamic” of peso weakness will play out.