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Understanding the Table:
The comparison table above helps you see the total cost of your 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’.
Sending money to the Solomon Islands can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the Solomon Islands bank accounts or pay a Solomon Islands dollar invoice.
Canadian dollar (CAD) to Solomon Islands dollar (SBD) market data - latest interbank exchange rate, trend, chart & historic rates.
CAD/USD Outlook: Slightly weaker, but likely to move sideways, given the rate is below its recent average and near recent lows.
USD/SBD Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and lacks a strong market driver.
CAD/EUR Outlook: The outlook for CAD/EUR is slightly weaker, but likely to move sideways, as the rate is below its 90-day average and near its recent lows.
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Solomon Islands dollar across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
| CAD | SBD |
|---|---|
| C$ 1,000 | S$ 5,906 |
| C$ 5,000 | S$ 29,529 |
| C$ 20,000 | S$ 118,114 |
| C$ 100,000 | S$ 590,570 |
| CAD | SBD |
|---|---|
| C$ 169.30 | S$ 1,000 |
| C$ 846.50 | S$ 5,000 |
| C$ 3,386 | S$ 20,000 |
| C$ 16,930 | S$ 100,000 |
More amounts
*Converted at the current CAD-SBD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best CAD to SBD exchange rate is 5.8113 from Western Union. This is -1.6% compared to the mid-market rate 5.9057.
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 Solomon Islands dollar (SBD) rates from different sources before making a conversion.
The above Loonie to Solomon Islands dollar 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-SBD mid-rate and the possible savings of using various providers.
Looking at the full CAD to SBD - Send Money comparison table the provider with the best CAD to SBD exchange rate is Western Union at 5.8113, -1.6% from the latest mid-market rate 5.9057.
The next best is Wise at 5.7981, -1.8% from the mid-rate.
Then OFX at 5.2387, which is -11.3% from the mid-rate.
Among the banks the TD Bank rate is 5.0375 at -14.7% and the Royal Bank of Canada rate is 5.0257 at -14.9% compared to the mid-rate 5.9057.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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