The comparison table above helps you see the total cost of your Wise 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’.
Wise - CAD Rate Margin Analysis
The average CAD rate margin offered by Wise is 0.76%.
This average is based on individual CAD 10K transfer rates in the currency pairs from Wise that we monitor.
Wise - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by Wise for Canadian dollar (CAD 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Bias
CADPHP is bullish-to-range-bound, as CADPHP sits above its 90-day average and in the upper half of the 3-month range.
Key drivers
- Rate gap: BoC holds a very low policy rate while BSP is expected to ease further, keeping the domestic cost of funds favorable for Canada and supporting CAD versus PHP.
- Oil: Oil prices sit near multi-day highs with volatility; higher oil tends to support CAD as an exporter, while PHP remains sensitive to domestic funding dynamics and external demand for Philippine assets.
- Macro factor: The Philippines’ balance of payments deteriorated in 2025, implying ongoing PHP downside risk and continued pressure on the peso.
Range
Expect CAD/PHP to drift within the recent 3-month range, with occasional tests of the upper end if oil remains firm and global risk appetite holds.
What could change it
- Upside risk: sustained oil strength or a firm BoC stance that keeps policy broadly unchanged could push CAD higher against PHP.
- Downside risk: a deeper PHP weakness from external pressures or faster BSP easing could weigh on CAD/PHP
@bestfxrates
CAD to PHP Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
Wise Send Money conversion rate for CAD to PHP?
The Wise CAD to PHP exchange rate is 42.42. This is -0.91% compared to the latest CAD-PHP mid-market rate 42.81.
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
Wise - Loonie to Peso comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Wise and other foreign exchange providers against the latest CAD-PHP mid-rate and the possible savings of using various providers.
How do Wise 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 42.6, -0.49% from the latest mid-market rate 42.81.
The next best is XE at 42.55, -0.61% from the mid-rate.
Then Wise at 42.42, which is -0.91% from the mid-rate.
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
like Wise or platforms that offer rates closer to the mid-market rate.