What are the Royal Bank of Canada rates for other currencies?
The table below shows Royal Bank of Canada Canadian dollar (CAD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
Currency route |
Mid market rate |
Royal Bank of Canada Send Money Rate |
Cost% |
CAD - AED | 2.6816 | 2.6069 | -2.8% |
CAD - AUD | 1.1243 | 1.0912 | -2.9% |
CAD - CHF | 0.6002 | 0.5842 | -2.7% |
CAD - CZK | 15.88 | 15.41 | -3% |
CAD - DKK | 4.7799 | 4.6512 | -2.7% |
CAD - EUR | 0.6404 | 0.6209 | -3% |
CAD - FJD | 1.6433 | 1.5908 | -3.2% |
CAD - GBP | 0.5397 | 0.5233 | -3% |
CAD - HKD | 5.7282 | 5.5741 | -2.7% |
CAD - INR | 62.64 | 60.50 | -3.4% |
CAD - JPY | 105.77 | 102.44 | -3.1% |
CAD - MXN | 13.95 | 13.57 | -2.7% |
CAD - NOK | 7.3845 | 7.1736 | -2.9% |
CAD - NZD | 1.2142 | 1.1801 | -2.8% |
CAD - PHP | 40.82 | 38.97 | -4.5% |
CAD - SAR | 2.7383 | 2.6624 | -2.8% |
CAD - SEK | 7.0416 | 6.8399 | -2.9% |
CAD - SGD | 0.9403 | 0.9162 | -2.6% |
CAD - USD | 0.7301 | 0.7139 | -2.2% |
Royal Bank of Canada Send Money Exchange Rates Receiving an international wire transfer at RBC
RBC uses different bank codes depending on the currency and location of the sending bank. Here are some of the most common bank codes used for receiving foreign wire transfers:
SWIFT Code: ROYCCAT2: This code is used for receiving wire transfers in Canadian dollars (CAD) from foreign banks.
Transit Number and Institution Number: These codes are used for receiving wire transfers in Canadian dollars (CAD) from banks located within Canada.
ABA Routing Number: 021001088: This code is used for receiving wire transfers in U.S. dollars (USD) from banks located within the United States.
CHIPS UID: 0163: This code is used for receiving wire transfers in U.S. dollars (USD) from foreign banks that are members of the Clearing House Interbank Payments System (CHIPS).
Fedwire ABA Routing Number: 026004093: This code is used for receiving wire transfers in U.S. dollars (USD) from banks located outside of the United States.
It's important to note that specific bank codes may vary depending on the currency and location of the sending bank, and it's recommended to confirm the correct codes with RBC before initiating a wire transfer. Additionally, RBC may charge fees for receiving wire transfers, so it's important to check the current fees and policies before initiating a transaction.
RBC credit card FX fees
RBC offers several credit cards with different foreign transaction fees. Here are some examples:
RBC Avion Visa Infinite Card: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
RBC Cash Back Preferred World Elite Mastercard: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
RBC Visa Platinum: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
It's important to note that credit card terms and conditions can change, so it's always a good idea to check the current fees and policies before applying for or using a credit card for foreign transactions.
If you wish to save on exchange rates and foreign ATM fees then you should consider the Wise multi-currency card.
What is the
Royal Bank of Canada Send Money conversion rate for CAD to EUR?
The Royal Bank of Canada CAD to EUR exchange rate is 0.6209. This is -3% compared to the latest CAD-EUR mid-market rate 0.6404.
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
Royal Bank of Canada - Loonie to Euro comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Royal Bank of Canada and other foreign exchange providers against the latest CAD-EUR mid-rate and the possible savings of using various providers.
How do Royal Bank of Canada CAD-EUR rates compare between providers?
Looking at the
full comparison table
the best CAD to EUR exchange rate is 0.6372 from OFX, -0.5% from the mid-market rate 0.6404. The next best rate is 0.6367 from Wise, -0.58% from the mid-rate. Then XE with 0.6366 is -0.59% from the mid-rate.
The Western Union rate is 0.634 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 0.6642 at 3.7% the Scotiabank rate is 0.6169 at -3.7% and the Royal Bank of Canada rate is 0.6209 at -3% compared to the mid-rate 0.6404.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Royal Bank of Canada 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.