What is the
best Send Money conversion rate for GBP to CAD?
The best GBP to CAD exchange rate is 1.8523 from Wise. This is -0.45% compared to the mid-market rate 1.8607.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
Post Office - Sterling to Loonie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Post Office and other foreign exchange providers against the latest GBP-CAD mid-rate and the possible savings of using various providers.
How do Post Office GBP-CAD rates compare between providers?
Looking at the full
GBP to CAD - Send Money comparison table the provider with the best GBP to CAD exchange rate is Wise at 1.8523, -0.45% from the latest mid-market rate 1.8607.
The next best is OFX at 1.8514, -0.5% from the mid-rate.
Then XE at 1.8495, which is -0.6% from the mid-rate.
The Western Union rate is 1.8421 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 1.7619 at -5.3% the Royal Bank of Scotland rate is 1.7731 at -4.7% and the Barclays Bank rate is 1.7956 at -3.5% compared to the mid-rate 1.8607.
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 Post Office or platforms that offer rates closer to the mid-market rate.