Compare exchange rates and get more for your money

    Compare currency exchange rates before sending money abroad and get the best deal. Banks often add hidden fees and markups that cut into your transfer. With MTFX, access the best currency exchange rates and save when moving money across borders.

    Canada’s trusted choice for money transfer savings
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    MTFX Live Rate Calculator
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    We use mid-market rates. This is for informational purposes only. Log in to view send rates.

    You get more US Dollars with MTFX compared to your bank

    When you compare CAD to USD exchange rates between banks and MTFX, the difference is clear. Banks often add wide spreads and extra fees, while MTFX delivers the best USD exchange rate with lower costs.

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    Let's break it down

    Why is it important to compare exchange rates?

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    Maximize your savings

    When you compare exchange rates, you are in a better position to observe the rate differences and make informed decisions.

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    Get the best currency exchange rate

    Banks offer inflated rates with high fees. With MTFX, you get the best exchange rates, so more of your money reaches its destination.

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    Avoid hidden fees

    Many providers include markups that aren’t obvious. Comparing options ensures you choose the most transparent service.

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    Make smarter financial decisions

    By comparing rates before sending money abroad, you gain control and confidence that you’re getting the most value for your transfer.

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    Compare exchange rates

    Start with a foreign exchange rate comparison across providers to see where hidden markups exist and where you can save.

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    Set up rate alerts

    Set rate alerts to get notified when the market moves in your favour, helping you capture the best exchange rate at the right time.

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    Lock in rates in advance

    Protect yourself from market swings by locking in your preferred rate with MTFX, ensuring your transfer benefits from favourable rates.

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    Keep an eye on currency forecasts

    Monitor FX forecasts to understand market trends and anticipate when the best exchange rate may be available for your transfer.

    How do I get the best currency exchange rate?

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    How MTFX keeps your money safe

    Competitive exchange rates and low fees matter, but having peace of mind that your money is secure is even more valuable. Choose MTFX for the best currency exchange solutions backed by trusted protection every time you transfer.

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    FINTRAC-regulated

    MTFX is registered and regulated by FINTRAC, Registration No. M09819788. This oversight ensures full compliance with Canadian laws and provides confidence that your transfers are handled within a secure, transparent framework.

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    Bank-grade encryption

    All sensitive data and transactions on the MTFX platform are secured with advanced bank-grade encryption protocols, keeping your personal and financial information safe from unauthorized access.

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    Two-factor authentication (2FA)

    MTFX accounts include two-factor authentication (2FA) for added protection. This means even if someone gets hold of your password, they can’t access your account without your secondary verification code.

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    AML & KYC compliance

    Every transfer undergoes anti-money laundering (AML) and know-your-customer (KYC) checks. These processes verify identities and fund sources, ensuring transfers are legitimate and helping protect against financial crime.

    Why more Canadians trust MTFX for money transfers

    Trusted worldwide

    Competitive exchange rates and fees, quick transfers, and top-level security. That’s what makes MTFX hard to beat. See our ratings and discover why Canadians trust us for sending money abroad.

    Rating as of 6 Oct 2025
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    Save while you send

    MTFX exchange rate helps you save on global transfers

    Why settle for bank markups when you could keep more of your money? With MTFX, you get up to 4% better exchange rates than the bank plus low fees, making international money transfers simpler, smarter, and more affordable.

    No additional or hidden fees

    With MTFX, you won’t get caught off guard by surprise charges. Our pricing is fully transparent, so every dollar you send goes further without unnecessary deductions.

    Up to 4% better rates

    MTFX offers up to 4% better exchange rates than the bank, which can make a big difference on large or frequent transfers. That means more of your money arrives at its destination.

    Access to free currency tools

    Plan smarter with free tools like live exchange rates, rate alerts, and calculators. These resources help you monitor the market and transfer at the right time to maximize value.

    Personalized support

    Our team of experienced currency specialists is here to provide tailored advice. Whether it’s timing a transfer or choosing the right solution, you’ll always have expert guidance.

    Stay ahead of currency moves with MTFX tools

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    Live exchange rates

    Access live exchange rates on the MTFX platform and compare providers to secure the best currency exchange for every transfer.

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    Currency charts

    Track performance with interactive currency charts over days, weeks, or months and compare exchange rates and spot trends.

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    Historical exchange rate trends

    Explore historical exchange rate trends to see how currencies have shifted over time. This insight helps you make smarter decisions.

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    Currency rate alerts

    Set up rate alerts and get notified the moment your target rate is reached. The easiest way to compare rates and lock in savings.

    Looking for the best CAD to USD exchange rate?

    How to send money internationally with MTFX

    Open a MTFX personal or business account and save on overseas money transfers.

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    Create your free account

    Open your MTFX personal account in just minutes. No setup fees, no hidden costs.

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    Lock in the best rate

    Instantly access and lock a favourable currency exchange rate for your transfer.

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    Enter recipient details

    Add your recipient’s bank details with ease for quick and accurate delivery of funds.

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    Confirm and send

    Review the details, confirm your transaction, and track your transfer.

    Save more on the EUR/CAD exchange rate.

    One multi-currency account to manage 50+ currencies

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    With one MTFX multi-currency account, you can hold, send, and receive funds in over 50 currencies without juggling multiple bank accounts. This makes managing international transfers simple, cost-effective, and far more convenient than relying on traditional banks.

     

    Whether you’re paying overseas suppliers, receiving revenue from global clients, or planning personal transfers like tuition or property payments, having all your currencies in one place helps you avoid unnecessary conversions and secure the best exchange rate every time.

    Don't overpay on CAD to GBP exchange rate.

    Get a dedicated account manager for your transfers

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    When you transfer with MTFX, you get a dedicated account manager who understands your transfer needs. Whether it’s a one-time personal payment or ongoing business transactions, your account manager provides guidance on timing, costs, and the best options available.

     

    Having a trusted point of contact means you don’t have to navigate exchange rates or transfer processes alone. Your MTFX account manager helps you compare exchange rates, set up rate alerts, and even lock in favourable rates so you save more and move money with confidence.

    FAQs - Compare Exchange Rates

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