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Need to transfer Canadian dollars to another currency? There's an easy way and a hard way, and if you want the easy way, use a specialist provider instead of your bank.
When you exchange and transfer Canadian dollars to a foreign bank account, the ultimate goal is to do it on the cheap. That means closing the gap between what you send and how much your recipient gets.
Luckily, the best way to convert Canadian dollars to another currency has all the virtues you need in an international money transfer service – speed, cost-effectiveness, convenience, and more.
Here at MTFX, we focus on foreign exchange and global payments only, which adds a specialty touch to our services.
Sign up for a personal account with MTFX to convert Canadian dollars to another currency and enjoy competitive exchange rates and low transfer fees.
For some people, their bank is a familiar option they can rely on, but it's not in their best interests because of the unnecessary fees.
If you have been overpaying your bank all along, you can turn the tables and switch to a specialist provider that helps you save with competitive exchange rates and low transfer fees.
Here's how a specialist provider can make life easy for you when converting Canadian dollars to another currency for personal purposes.
No matter your destination country, converting money is typically a process that requires exchange rates. For example, if the exchange rate between the Canadian dollar and the US dollar is 0.7400, it means a single Canadian dollar buys 0.7400 US cents.
Competitive exchange rates are a game changer when converting your Canadian dollars to foreign currency. That’s because the difference between a good exchange rate and a poor one can equal hundreds or thousands of dollars.
Although exchange rates fluctuate constantly, the fairest exchange rate is the mid-market or interbank rate, which is the real rate. This is the mid-point between the buy and sell prices of two currencies at any given time. Most banks and non-specialist providers add a 3-5% markup to the mid-market rate, which explains why exchange rates vary from service to service.
Make sure you shop around beyond these providers and consider a specialist foreign exchange service. That's where you find the best exchange rates because specialists trade currencies in large quantities, so they can afford to offer you the mid-market rate with no hidden fees.
Transferring Canadian dollars to another currency? MTFX makes it quick and easy with three simple steps.
Creating your personal account is simple, fast, and free. Your secure online account gives you access to some handy currency conversion tools.
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With MTFX, you can convert Canadian dollars to 100+ currencies and send money worldwide via your secure online account. Add funds to your account via bank transfer or bill payment, then decide how much currency you want to buy. Next, add the required banking details, including:
You can make your payment, track it online, and trust us to deliver the funds safely and on time to your recipient.
It takes less than five minutes to create an online MTFX personal account. Once you log in, you can enjoy 24/7 currency conversions and overseas transfers.
Your online transfer to a foreign bank account will usually arrive within 24-48 hours. Same-day transfers are almost instantaneous and handy when time is of the essence. Contrast this with banks, which may take as long as 4-6 business days to deliver cross-border payments.
Individuals in Canada can exchange and transfer their Canadian dollars with MTFX. Popular reasons to convert currency include:
Whatever the personal purpose for transferring Canadian dollars to foreign currency, MTFX will help you maximize every dollar you convert.
Converting your Canadian dollars to another currency with MTFX offers many layers of value addition that will have you skipping the bank every time.
Open an account with MTFX today to transfer Canadian dollars to foreign currency at the ‘real’ exchange rate with no hidden fees. It’s quick and easy.
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