Understanding the Table:
The comparison table above helps you see the total cost of your HSBC 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 details and click ‘Get Rates’.
The HSBC CAD to EUR exchange rate is 0.6133. This is -4.3% compared to the latest CAD-EUR mid-market rate 0.6409.
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 Euro (EUR) rates from different sources before making a conversion.
The above HSBC - Loonie to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest CAD-EUR mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best CAD to EUR exchange rate is 0.6377 from OFX, -0.5% from the mid-market rate 0.6409. The next best rate is 0.6372 from Wise, -0.58% from the mid-rate. Then XE with 0.6371 is -0.59% from the mid-rate.
The Western Union rate is 0.6345 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 0.6642 at 3.6% the Scotiabank rate is 0.6202 at -3.2% and the Royal Bank of Canada rate is 0.6216 at -3% compared to the mid-rate 0.6409.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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: