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 Indian rupee (INR) rates from different sources before making a conversion.
The above
TD Bank - Loonie to Rupee comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
TD Bank and other foreign exchange providers against the latest CAD-INR mid-rate and the possible savings of using various providers.
How do TD Bank CAD-INR rates compare between providers?
Looking at the full
CAD to INR - Send Money comparison table the provider with the best CAD to INR exchange rate is XE at 67.53, -0.6% from the latest mid-market rate 67.94.
The next best is Wise at 67.41, -0.78% from the mid-rate.
Then Western Union at 66.85, which is -1.6% from the mid-rate.
Among the banks the TD Bank rate is 65.65 at -3.4% the Scotiabank rate is 66.09 at -2.7% and the Royal Bank of Canada rate is 65.84 at -3.1% compared to the mid-rate 67.94.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like TD Bank 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.
