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    PayPal Send Money to United States from Canada CAD/USD

    You can save plenty by searching for better exchange rates when sending money to the United States from Canada. Compare PayPal rates - Save on loonie→dollar transfers.

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    How to Save on PayPal CAD to USD Money Transfers

    In the above table we compare PayPal CAD to USD exchange rates to other well established, regulated FX providers and banks to help you save when sending money or making an international payment from Canada to United States.

    The FX providers listed above can help you with the whole process, provide useful advice, online tools and most importantly bank-beating exchange rates & low or zero fees.


    PayPal exchange rates at a glance

    When you use the PayPal to make a foreign transfer the total cost will depend on how you pay, but generally you will be charged between 4%-7% percent of the total amount being converted depending on how you pay.

    When you use a debit/credit card to pay for your transfer you will be charged an extra 3% when you load your PayPal wallet.

    How is the PayPal exchange rate calculated?

    The base foreign exchange rate at which PayPal obtains foreign currency is determined by 3rd party financial institutions, and are adjusted regularly based on market conditions. The exchange rate that PayPal then provides you also includes a processing fee above the base rate.

    The exchange rate provided by PayPal is fixed for each currency and does not change for small or large amounts.

    If you use your credit card to send a payment, you can usually opt to use your credit card provider’s conversion rate instead of PayPal's.

    If you choose to use MasterCard or Visa’s exchange rate, the applied conversion rate will be shown on your credit card statement, and not at the time of the transaction.

    When you use the PayPal App in the US to send a payment to a different currency, you will be using Xoom, a PayPal Service.


    Forecasts for CAD to USD


    According to recent exchange rate analyst forecasts and currency market updates, the Canadian dollar (CAD) has been facing challenges against the US dollar (USD) due to the risk-on and risk-off environments in financial markets. The performance of the CAD to USD exchange rate has been driven more by market sentiment rather than the economic fundamentals of both countries, which are strongly correlated. It is important to note that CAD has been impacted by the decline in housing prices and adverse wealth effects, which may continue to exert negative pressure on the currency in 2023.


    Read our full CAD to USD forecasts analysis


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    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

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    Save time and money - fewer websites to visit and you get a much better exchange rate & service.