What is the
Canada Post Send Money conversion rate for CAD to PHP?
The Canada Post CAD to PHP exchange rate is 37.05. This is -10.6% compared to the latest CAD-PHP mid-market rate 41.42.
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
Canada Post - Loonie to Peso comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Canada Post and other foreign exchange providers against the latest CAD-PHP mid-rate and the possible savings of using various providers.
How do Canada Post 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 41.21, -0.51% from the latest mid-market rate 41.42.
The next best is XE at 41.17, -0.6% from the mid-rate.
Then Wise at 41.17, which is -0.6% from the mid-rate.
The Western Union rate is 41 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 39.41 at -4.9% and the Royal Bank of Canada rate is 39.60 at -4.4% compared to the mid-rate 41.42.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Canada Post 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