Desjardins CAD to USD Transfers Compared

   

The CAD/USD exchange rate is currently at 0.7225, with support from rising oil prices amid geopolitical shifts. However, bearish sentiment is high, influenced by job reports and expectations of BoC rate cuts. Markets predict potential CAD strength if oil trends favorably and monetary policies stabilize

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What is the Desjardins Send Money conversion rate for CAD to USD?

The Desjardins CAD to USD exchange rate is 0.6958. This is -3.7% compared to the latest CAD-USD mid-market rate 0.7226.

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

How do Desjardins CAD-USD rates compare between providers?

The next best is Wise at 0.7184, -0.58% from the mid-rate.

Then XE at 0.7183, which is -0.6% from the mid-rate.

The Western Union rate is 0.7154 which is -1% from the mid-rate.

Among the banks the TD Bank rate is 0.7264 at 0.53% the Scotiabank rate is 0.6988 at -3.3% and the Royal Bank of Canada rate is 0.7080 at -2% compared to the mid-rate 0.7226.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Desjardins 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.