Understanding the Table:
The comparison table above helps you see the total cost of your PayPal currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
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.
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.
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The current exchange rate for CAD to JPY stands at 106.0, marking a 1.7% increase from its three-month average of 104.2.
View a full list of exchange rates by selecting your Base (from) currency: