What is the
PayPal Send Money conversion rate for CAD to USD?
The PayPal CAD to USD exchange rate is 0.7039. This is -4.3% compared to the latest CAD-USD mid-market rate 0.7358.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to US dollar (USD) rates from different sources before making a conversion.
The above
PayPal - Loonie to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
PayPal and other foreign exchange providers against the latest CAD-USD mid-rate and the possible savings of using various providers.
How do PayPal CAD-USD rates compare between providers?
Looking at the full
CAD to USD - Send Money comparison table the provider with the best CAD to USD exchange rate is OFX at 0.7321, -0.5% from the latest mid-market rate 0.7358.
The next best is Wise at 0.7315, -0.58% from the mid-rate.
Then XE at 0.7314, which is -0.6% from the mid-rate.
The Western Union rate is 0.7285 which is -0.99% from the mid-rate.
Among the banks the TD Bank rate is 0.7264 at -1.3% the Scotiabank rate is 0.7107 at -3.4% and the Royal Bank of Canada rate is 0.7200 at -2.1% compared to the mid-rate 0.7358.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
Compare CAD to USD Transfer Rates