The WorldRemit CAD to PHP rate is 39.18. This is -1.9% below the mid-rate. Compare WorldRemit currency conversion rates - Reduce FX costs.
Loading exchange rates...
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
The WorldRemit CAD to PHP exchange rate is 39.18. This is -1.9% compared to the latest CAD-PHP mid-market rate 39.94.
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.
Looking at our comparison table the best CAD to PHP exchange rate is 39.74 from OFX, -0.5% from the mid-market rate 39.94. The next best rate is 39.71 from Wise, -0.58% from the mid-rate. Then XE with 39.7 is -0.6% from the mid-rate.
The Western Union rate is 39.54 which is -1% from the mid-rate.
Among the banks, the TD Bank rate is 39.41 at -1.3%, and the Royal Bank of Canada rate is 38.17 at -4.4% compared to the mid-rate 39.94.
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 WorldRemit or platforms that offer rates closer to the mid-market rate.
The WorldRemit Loonie to Peso comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by WorldRemit and other foreign exchange providers against the latest CAD-PHP mid-rate (see Market Data below ) and the possible savings of using various providers.
WorldRemit is a popular online money transfer service that allows users to send money to over 130 countries worldwide. The platform is known for its easy-to-use interface and low fees, making it a great option for people looking to send money to friends and family overseas.
One of the standout features of WorldRemit is its flexibility when it comes to payment and delivery options. Users can choose to send money via bank transfer, mobile money, or cash pickup, and recipients can receive funds through a bank account, mobile wallet, or cash pick-up location. This makes it easy for users to find a payment and delivery method that works best for them and their recipients.
In addition, WorldRemit offers competitive exchange rates and low fees, which can help users save money on international transfers. The platform also provides real-time updates on the status of transfers, so users can easily track their funds and ensure they arrive at their intended destination.
Overall, WorldRemit is a reliable and user-friendly platform for sending money internationally. Its wide range of payment and delivery options, competitive rates, and real-time updates make it a top choice for many users.
For more details on WorldRemit exchange rates, service and what their users think read our guide WorldRemit Foreign Transfers Reviewed.
Canadian dollar (CAD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | CAD/PHP | Change | Period |
|---|---|---|---|
02 May 2025 | 40.28 | 1.1% ▼ | 2 Week |
15 Feb 2025 | 40.73 | 2.2% ▼ | 3 Month |
16 May 2024 | 42.22 | 5.6% ▼ | 1 Year |
17 May 2020 | 35.94 | 10.9% ▲ | 5 Year |
19 May 2015 | 36.50 | 9.2% ▲ | 10 Year |
21 May 2005 | 43.19 | 7.7% ▼ | 20 Year |
Here are some popular conversion amounts for CAD to PHP (Canadian dollar to Philippine peso)*.
*Converted at the current CADPHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts indicate that the Canadian dollar (CAD) remains under pressure due to its close correlation with oil prices, which have recently declined. Analysts have noted that the CAD, known as the "loonie," is particularly vulnerable to shifts in crude oil prices, as Canada is one of the world's largest oil exporters. With oil trading at $65.41, which is about 5% below its 3-month average of $68.83, further declines could put additional downward pressure on the CAD. This could lead to continued weakness in the CAD to PHP exchange rate, currently at 39.94, just 0.9% shy of its 3-month average of 40.31.
Read our full review of recent CAD to PHP forecasts.
There are several ways to save on exchange rates when converting Canadian dollar to Philippine peso:
Generally speaking, if you are buying Philippine peso with Canadian dollar, then it's better for the CAD/PHP exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Philippines — a practical currency and money guide to travel in Philippines plus living and doing business with the Philippine peso.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add CAD/PHP to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| Canada (CAD) | Philippines (PHP) |
The cost of living in Philippines is relatively low compared to other countries. Rent, food, and transportation are all relatively inexpensive.
The expat life in Philippines can be quite comfortable. There is a wide variety of housing options available, from apartments to villas. Many expats live in gated communities with security guards. The cost of living is relatively low, and there are a number of good schools to choose from. English is widely spoken, which makes communication easy.
There are many laws that foreigners should be aware of in the Philippines. Some of these laws include the following:
The foreigner must obtain a visa before entering the Philippines.
The foreigner must obtain a residence permit before living in the Philippines for more than three months.
The foreigner must obtain a work permit before working in the Philippines.
The foreigner must register with the Philippine Bureau of Immigration if he or she plans to stay in the Philippines for more than 60 days.
In general, doing business in the Philippines is fairly easy. The country has a well-developed infrastructure and a relatively stable political environment. Businesses are generally free to operate without too much government interference. However, there are some bureaucratic procedures that can be time-consuming. Additionally, crime is a serious problem in the Philippines and businesses may be targets for theft or other crimes.
The Philippines has a mixed economy in which the government plays a regulatory role in ensuring that businesses operate fairly and equitably. The country is abundant in natural resources and labor, and its agricultural and manufacturing industries are growing. However, the Philippines faces challenges in terms of infrastructure, corruption, and poverty.
Read more at our Philippines (PHP) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
^ Scroll back up to ^
^
