Discover how to get more Australian dollars compared to your bank when sending money from Canada to Australia.
Businesses that transfer money from Canada to Australia can avoid the sting of high fees by using a specialist money transfer service.
Many Canadian businesses regularly purchase agricultural goods, chemicals, plastics, metals, medical goods, machinery, and other services from Australian suppliers. There are also numerous Canadian investments in Australia that require businesses to transfer money to The Land Down Under.
However, when making transfers to Australia via banks, the exchange rates are typically 3-5% higher, not to mention the costly bank charges and long transfer times.
Fortunately, there’s a way to get more Australian dollars compared to your bank when sending money from Canada to Australia. Read on to discover the best money transfer service you can use to access competitive exchange rates.
Read on to discover the best money transfer service you can use to access competitive exchange rates and send money from Canada to Australia.
International bank transfers have been around for a while. Sending money through your regular bank is convenient but it comes with several downsides. For instance, the cost of transferring money via banks can be quite high. Apart from that, banks also take about three to five days to process a transfer. In today’s world, where everyone expects everything to be lightning-fast, three days is a long time to wait for money to get to its destination. In fact, this can actually get in the way of the smooth running of your business.
On the other hand, a speedy and efficient foreign exchange and global payments service like MFTX can speed things up and help you stay on top of business operations. Here are the pros you need to know about:
In the past year, the Australian dollar has been sent lower against the Canadian dollar. This is largely due to two large influences over the Australian dollar - commodity prices and interest rates. The strength and weakness of the Australian dollar have also been impacted by the value of the Canadian dollar. Since the Canadian dollar keeps getting stronger in its own right, it’s highly likely that the AUD to CAD exchange rate will fall.
For more insight on the AUD/CAD trends and exchange rate forecast, you can check out the AUD/CAD currency charts. You will notice that since 2012, the AUD/CAD FX pair has been falling.
There are quite a few reasons why you might end up choosing MTFX instead of international bank transfers. Generally, when you are sending money, you want there to not be too much of a gap between the money that you pay and the amount received by your beneficiary. With MTFX, you get this and much more. Not only will you save money, but you will also enjoy speedier transfers and friendly, 24/7 customer support.
MTFX is one of the most efficient services you can use to send money to Australia from Canada. Your beneficiary will be able to cash out within 24 hours. To top it off, you will also get free access to a personal account manager so you can enjoy an error-free send money process.
Security is always a concern when sending your money. Fortunately, MTFX is a secure platform, so your money will be safe, and it will get to its destination intact.
How long does sending money to Australia from Canada take?
Get more Australian dollars compared to your bank in 24-48 hrs with no amount limits.
When sending money to Australia from Canada, here are the details you will need:
Do you need to send money to your family, or do you need to complete a business transaction? Whatever your reason for wanting to send money from Canada to Australia, you can get better value for your money when you use MTFX.
How efficient is MTFX? This service has a super-fast turnaround, and you can set up multiple transfers. Whether you want to transfer Canadian dollars for supplier payments, orders, property purchases, monthly rentals, or mortgage payments, MTFX has you covered.
Create a business account with MTFX online today to transfer to Australia at the cheapest exchange rates with the highest convenience.
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