The Canadian dollar is among the currencies the most traded in the world. Canada is among the TOP 5 of countries which send the most of remittances abroad with a total of 23 billions $ sent in 2015. For these reasons the solutions to transfer CAD into a foreign currency are numerous and the market is competitive. So how to get the best exchange rates for a CAD transfer? Here is a quick overview of the options.
Choose the operator which provides the best exchange rate for a CAD transfer
Besides the banks there are money transfer services. A lot exist for a CAD transfer as the market is competitive. They can offer you a higher exchange rate than banks. In average a bank take 8% of fees in an international money transfer while a money transfer operator take in average between 2% and 3%. This can make a huge difference in the amount of money received. That’s why it is important to get the best exchange rates for a CAD transfer. You will see many options and so you can feel lost among all those alternatives. The best is to compare all the options.
Below an exhaustive list of banks and money transfer companies which allow to send money from Canada:
Sigue Money Transfers
AGR Money Transfer
Small World FS-LCC
Remitty Money Transfer
Reliable Peso Remit
Transfer at the best moment
Exchange rates between two currencies vary and fluctuate every hour. As currencies value are always changing it is important to transfer a moment when the exchange rate is high. By transferring at a good moment you’ll get the best exchange rates for a CAD transfer. This can make a huge difference in the amount of money received.