BestExchangeRates Canada Compare & Save on Foreign Exchange
How BestExchangeRates Saves You Money on FX
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Canada and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track AUD rates - transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
Popular CAD Exchange Rates
Follow exchange rates via your personal BER Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We compare exchange rates from major financial institutions in Canada.
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Get Better Currency Exchange Rates
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Canadian dollar market update
The Canadian dollar (CAD), commonly known as the "loonie," received support following positive GDP figures, demonstrating unexpected acceleration in domestic growth in March. This comes on the heels of a surprise contraction in February, highlighting the economy's resilience. Politically, the CAD gained traction after Prime Minister Carney's Liberals retained power, albeit without securing a majority, which has contributed to investor confidence.
Currently, the CAD is trading against key currencies with notable dynamics. The exchange rate for CAD to USD sits at 0.7223, a substantial 2.6% above its three-month average of 0.7039, reflecting a more stable trading range of 0.6801 to 0.7247. Conversely, CAD to EUR is at 0.6393, approximately 1.7% below its three-month average of 0.6502, indicative of volatility in this pairing. The loonie is showing strength against the GBP as well, reaching 7-day highs near 0.5437, just 0.6% below its three-month average of 0.547, and has traded in a stable range from 0.5347 to 0.5651. Furthermore, against the JPY, the CAD is experiencing a 30-day high near 105.0, which is 0.6% above its three-month average of 104.4.
BestExchangeRates.com keeps you up-to-date on Canadian dollar forecasts by collating the views of reliable FX forecasters and economists together with recent CAD price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
Latest Articles
Recent popular articles from our research team
Loonie Resilience Defies Odds Amid Carney Election and Trade Tensions
The Canadian dollar has defied political chaos and global headwinds to emerge as one of 2025’s unlikely winners. But with minority rule in Ottawa, soaring household debt, and a high-stakes U.S. election looming, the loonie’s fight for survival is just beginning.
Argentina's Peso Surprises Markets Amid Economic Reforms
Milei publicly criticizes economists as econo-swindlers and alarmists as Argentina's peso has defied expectations by maintaining stability following recent economic reforms, easing inflation concerns and bolstering investor confidence.
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