CAD to PHP is currently trading near 42.08, up 1.3% from the 3-month average of 41.52. Analysts warn that despite CAD’s short-term strength from oil, recent rate cuts by the BoC could weigh it down. Meanwhile, the peso struggles with economic challenges, hitting 59.262 per USD

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What is the best Send Money conversion rate for CAD to PHP?

The best CAD to PHP exchange rate is 42.04 from OFX . This is -0.5% compared to the mid-market rate 42.25.

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 Philippine peso (PHP) rates from different sources before making a conversion.

The above Loonie to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest CAD-PHP mid-rate and the possible savings of using various providers. 

How do CAD-PHP rates compare between providers?

Looking at the full CAD to PHP - Send Money comparison table the provider with the best CAD to PHP exchange rate is OFX at 42.04, -0.5% from the latest mid-market rate 42.25.

The next best is XE at 42, -0.59% from the mid-rate.

Then Wise at 41.86, which is -0.92% from the mid-rate.

The Western Union rate is 41.83 which is -0.99% from the mid-rate.

Among the banks the TD Bank rate is 38.42 at -9.1% and the Royal Bank of Canada rate is 41.14 at -2.6% compared to the mid-rate 42.25.

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 PHP Transfer Rates