Understanding the Table:
The comparison table above helps you see the total cost of your Scotiabank 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 transaction type, details and click ‘GET RATES’.
The table below shows Scotiabank 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 | Scotiabank Send Money Rate | Cost% |
|---|---|---|---|
| CAD - AUD | 1.1331 | 1.0884 | -3.9% |
| CAD - BBD | 1.4716 | 1.3877 | -5.7% |
| CAD - BMD | 0.7358 | 0.6932 | -5.8% |
| CAD - BSD | 0.7358 | 0.6932 | -5.8% |
| CAD - CHF | 0.5974 | 0.5738 | -4% |
| CAD - DKK | 4.7520 | 4.5662 | -3.9% |
| CAD - EUR | 0.6371 | 0.6111 | -4.1% |
| CAD - GBP | 0.5424 | 0.5202 | -4.1% |
| CAD - GYD | 154.07 | 145.71 | -5.4% |
| CAD - HKD | 5.7760 | 5.5402 | -4.1% |
| CAD - INR | 63.37 | 60.91 | -3.9% |
| CAD - JMD | 117.90 | 111.61 | -5.3% |
| CAD - JPY | 106.04 | 101.28 | -4.5% |
| CAD - KYD | 0.6137 | 0.5690 | -7.3% |
| CAD - MXN | 13.95 | 13.39 | -4% |
| CAD - NOK | 7.2876 | 6.9979 | -4% |
| CAD - NZD | 1.2227 | 1.1747 | -3.9% |
| CAD - SAR | 2.7619 | 2.6392 | -4.4% |
| CAD - SEK | 6.9754 | 6.7114 | -3.8% |
| CAD - SGD | 0.9429 | 0.9079 | -3.7% |
| CAD - TTD | 4.9939 | 4.6992 | -5.9% |
| CAD - USD | 0.7358 | 0.7107 | -3.4% |
| CAD - ZAR | 13.21 | 12.67 | -4.1% |
| Send money internationally as a direct deposit to your family or friends using your mobile app or online banking |
$1.99*/transfer on select accounts |
| Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) | Free |
| Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) | $1.50 |
| Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) | $4.50 (optional Advice $5.00) |
| Transferring a Scotiabank account balance to another financial institution | $20.00 |
| Incoming Wire Transfer fees | |
| Incoming Wire Transfer identified as a Pension Payment in the payment message | $1.50 per transfer* |
| All other Incoming Wire Transfers | $15.00 CAD/USD per transfer* |
* All fees are charged in the currency of the account.
The Scotiabank FX Fees we use are based on publicly available information available here.
The Scotiabank CAD to USD exchange rate is 0.7107. This is -3.4% compared to the latest CAD-USD mid-market rate 0.7358.
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 Scotiabank - Loonie to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Scotiabank and other foreign exchange providers against the latest CAD-USD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best CAD to USD exchange rate is 0.7321 from OFX, -0.5% from the mid-market rate 0.7358. The next best rate is 0.7315 from Wise, -0.58% from the mid-rate. Then XE with 0.7314 is -0.6% from the mid-rate.
The Western Union rate is 0.7285 which is -0.99% from the mid-rate.
Among the banks the TD Bank rate is 0.7264 at -1.3% the Scotiabank rate is 0.7107 at -3.4% and the Royal Bank of Canada rate is 0.7200 at -2.1% compared to the mid-rate 0.7358.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Scotiabank 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.
The Canadian dollar (CAD) has shown resilience recently, bolstered by climbing oil prices, which are crucial for Canada’s economy.
Recent analyst forecasts indicate that the Canadian dollar (CAD) is currently supported by rising oil prices, which bolster its appeal as a commodity-linked currency.
The Canadian dollar (CAD) is currently benefiting from rising oil prices, trading at 105.5 JPY, which is 1.3% above its three-month average of 104.1.
View a full list of exchange rates by selecting your Base (from) currency: