The Royal Bank of Canada CAD to PHP rate is 38.51. This is -4.4% below the mid-rate. Compare Royal Bank of Canada currency conversion rates - Reduce FX costs.
The Royal Bank of Canada CAD to PHP exchange rate is 38.51. This is -4.4% compared to the latest CAD-PHP mid-market rate 40.28.
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 40.08 from OFX, -0.5% from the mid-market rate 40.28. The next best rate is 40.03 from XE, -0.62% from the mid-rate. Then Wise with 39.99 is -0.72% from the mid-rate.
The Western Union rate is 39.87 which is -1% from the mid-rate.
Among the banks, the TD Bank rate is 39.41 at -2.2%, and the Royal Bank of Canada rate is 38.51 at -4.4% compared to the mid-rate 40.28.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Royal Bank of Canada 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.
The table below shows Royal Bank of Canada Canadian dollar (CAD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | Royal Bank of Canada Send Money Rate | Cost% |
|---|---|---|---|
| CAD - AED | 2.6577 | 2.5867 | -2.7% |
| CAD - AUD | 1.1225 | 1.0916 | -2.8% |
| CAD - CHF | 0.5984 | 0.5823 | -2.7% |
| CAD - CZK | 15.95 | 15.48 | -2.9% |
| CAD - DKK | 4.7787 | 4.6533 | -2.6% |
| CAD - EUR | 0.6402 | 0.6215 | -2.9% |
| CAD - FJD | 1.6323 | 1.5810 | -3.1% |
| CAD - GBP | 0.5454 | 0.5288 | -3% |
| CAD - HKD | 5.6076 | 5.4615 | -2.6% |
| CAD - INR | 61.24 | 59.38 | -3% |
| CAD - JPY | 104.84 | 101.74 | -3% |
| CAD - MXN | 14.17 | 13.81 | -2.5% |
| CAD - NOK | 7.5337 | 7.2886 | -3.3% |
| CAD - NZD | 1.2157 | 1.1841 | -2.6% |
| CAD - PHP | 40.28 | 38.51 | -4.4% |
| CAD - SAR | 2.7135 | 2.6406 | -2.7% |
| CAD - SEK | 6.9858 | 6.7981 | -2.7% |
| CAD - SGD | 0.9405 | 0.9146 | -2.8% |
| CAD - USD | 0.7236 | 0.7084 | -2.1% |
The Royal Bank of Canada Loonie to Peso comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Royal Bank of Canada and other foreign exchange providers against the latest CAD-PHP mid-rate (see Market Data below ) and the possible savings of using various providers.
RBC, also known as the Royal Bank of Canada, is one of the largest banks in Canada and a leading financial institution globally. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including personal and commercial banking, investment and wealth management, insurance, and capital markets services.
When you get a quote for your Wire Transfer from RBC on their website or in-app, you can also see the RBC exchange rate, but it can be difficult to then calculate how much markup you are being charged.
While RBC do publish their exchange rates here - Foreign Exchange Currency Converter, they do not reveal the markup on these rates.
Our research shows that on average, RBC markup for foreign exchange rates is somewhere between 3 - 7.5%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.
Canadian dollar (CAD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | CAD/PHP | Change | Period |
|---|---|---|---|
18 Apr 2025 | 40.96 | 1.8% ▼ | 2 Week |
01 Feb 2025 | 40.17 | 0.1% ▲ | 3 Month |
02 May 2024 | 42.06 | 4.4% ▼ | 1 Year |
03 May 2020 | 35.62 | 12.9% ▲ | 5 Year |
05 May 2015 | 36.91 | 9% ▲ | 10 Year |
07 May 2005 | 43.53 | 7.6% ▼ | 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.
The exchange rate forecast for the CAD to PHP is currently influenced by several notable factors, primarily the fluctuations in oil prices and recent political developments in the Philippines. The Canadian dollar (CAD), known as the "loonie," is closely tied to crude oil prices due to Canada's status as a major oil exporter. Recent market updates indicate that the CAD experienced volatility alongside shifts in oil prices, recovering some losses as prices rebounded in the evening. However, oil is presently trading near its 90-day lows at 61.29, approximately 13.2% below its three-month average, suggesting a challenging environment for the CAD, especially as it recently reached 14-day lows near 40.28 against the Philippine peso (PHP).
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
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Further reading on the Philippine peso (PHP) - Guides, Reviews & News from our research team.
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
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