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Understanding the Table:
The comparison table above helps you see the total cost of your Wise 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 average CAD rate margin offered by Wise is 0.76%.
This average is based on individual CAD 10K transfer rates in the currency pairs from Wise that we monitor.
The tables below show the best and worst exchange rate margins offered by Wise for Canadian dollar (CAD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Canadian dollar (CAD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: CAD/PHP is bullish-to-range-bound, as CADPHP sits above its 90-day average and in the upper half of the 3-month range.
Bias: range-bound, current above the ninety-day average but near the middle of the three-month range, reflecting a fair balance of risks.
Bias: bullish-to-range-bound because USDPHP is above its ninety-day average and sits in the upper half of the three-month range.
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
*Converted at the current CAD-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Wise CAD to PHP exchange rate is 42.49. This is -0.91% compared to the latest CAD-PHP mid-market rate 42.88.
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 Philippine peso (PHP) rates from different sources before making a conversion.
The above Wise - Loonie to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest CAD-PHP mid-rate and the possible savings of using various providers.
Looking at the full CAD to PHP - Send Money comparison table the provider with the best CAD to PHP exchange rate is OFX at 42.67, -0.49% from the latest mid-market rate 42.88.
The next best is XE at 42.62, -0.61% from the mid-rate.
Then Wise at 42.49, which is -0.91% from the mid-rate.
The Western Union rate is 42.45 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 38.4 at -10.4% and the Royal Bank of Canada rate is 41.75 at -2.6% compared to the mid-rate 42.88.
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 Wise or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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