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Understanding the Table:
The comparison table above helps you see the total cost of your Xoom 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’.
Xoom is an online international money transfer service that offers a secure and fast way to send money from either bank account or credit card from their website to friends and family.
With the Xoom bank deposit service, consumers can send money directly to bank accounts in Argentina, Australia, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, France, Germany, Guatemala, Honduras, India, Ireland, Italy, Jamaica, Mexico, Netherlands, Nicaragua, Panama, Peru, the Philippines, Poland, Spain, the United Kingdom, Uruguay and Vietnam.
Xoom offers cash pickup service to the following countries (number of locations as of 1/3/2013): Argentina (68), Bolivia (333), Brazil (3,798), Chile, (172), Colombia (981), Costa Rica (87), Dominican Republic (367), Ecuador (989), El Salvador (895), Guatemala (2,101), Honduras (692), Jamaica (494), Mexico (15,374), Nicaragua (150), Panama (18), Peru (1,073), Philippines (10,951), and Uruguay (279).
Home delivery services are offered to the Dominican Republic and the Philippines.
Consumers pay for Xoom money transfers using funds from their U.S. bank account, credit card, or debit card. The money transfers are paid out in either U.S. dollars or in local currency.
A popular alternative to Xoom is WorldRemit
The Xoom CAD to USD exchange rate is 0.7065. This is -4.1% compared to the latest CAD-USD mid-market rate 0.7367.
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 Xoom - Loonie to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Xoom 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 0.733, -0.5% from the latest mid-market rate 0.7367.
The next best is Wise at 0.7323, -0.6% from the mid-rate.
Then XE at 0.7322, which is -0.61% from the mid-rate.
The Western Union rate is 0.7293 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 0.7264 at -1.4% the Scotiabank rate is 0.7165 at -2.7% and the Royal Bank of Canada rate is 0.7207 at -2.2% compared to the mid-rate 0.7367.
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 Xoom or platforms that offer rates closer to the mid-market rate.
The USD/CAD exchange rate has shown notable movements recently, with the Canadian dollar (CAD) trading at 90-day highs near 0.7359, which is 2.5% above its...
The CAD to EUR exchange rate, currently at 0.6371, sits just below its three-month average, indicating stable trading within a 3.9% range from 0.6275 to 0.6518.
The Canadian dollar (CAD) has shown mixed performance recently, buoyed by its resilience despite weaker oil prices.
View a full list of exchange rates by selecting your Base (from) currency: