Compare today's CAD to CNY (Canadian Dollar to Chinese Yuan) exchange rates
📈 Canada to China Money Transfer Snapshot Today
- Best CAD to CNY exchange rate today: CNY 5.1002, offered by Western Union
- Number of money transfer providers compared: 14
- Exchange rate range: CNY 5.0056 to CNY 5.1002
- Potential savings on CAD 1000: CNY 94.60
- Number of deals and promo codes: 7
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real CAD to CNY exchange rate before providers add their margin or fees. exchange rate: 1 CAD = CNY 5.0646 (Updated about an hour ago)
See detailed Canada to China money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 B2B transfers only
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 Get promotional rate on your first transfer
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's CAD-CNY exchange rates mean for you
Compare today's CAD-CNY exchange rates and send money from Canada to China after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 14 providers that you can rely on for Canada to China money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Canada to China Providers
🥇 Western Union with 1 CAD = 5.1002 CNY (best CAD to CNY exchange rate today).
🥈 Regency FX offering 1 CAD = 5.0839 CNY.
🥉 Key Currency & KOHO are also providing good FX rate today.
The exchange rate provided by these 14 providers ranges from CNY 5.0056 to CNY 5.1002. For a CAD 1000 money transfer from Canada to China, that could mean up to CNY 94.60 saved on FX alone.
CAD-CNY exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final CNY payout that your recipient gets in China.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Canada to China remittances.
🔄 Looking for the reverse corridor? Send money from China to Canada instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Canada.
👇 We also suggest looking beyond today's CAD-CNY exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst CAD-CNY exchange rate is crucial, historical data shows that transfer fees, CAD amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Canada to China historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your CNY payout.
Data-driven cost insights for Canada to China money transfers
When you send money internationally from Canada to China, the key factors that will influence the overall cost of your transaction are:
- CAD-CNY exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum CNY payout for your overseas recipient in China.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Canada to China, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Canada to China money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 305 actual Canada to China money transfers handled by 8 providers over the last 5 years (for a CAD 200 remittance benchmark).
This data-driven approach using real CAD-CNY transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Canada to China money transfers
- Average total cost: 6.47% (range 0.58% to 13.26%, spread 12.68 percentage points)
- Potential payout difference: On a CAD 200 transfer, the above variation can save you up to CAD 25.36.
- Average FX markup: 2.52% (range -0.62%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 8.54%, spread 9.16 percentage points) - Average transfer fee: CAD 7.86 (range CAD 0.00 to CAD 20.00)
- Cheapest payment/delivery method combo: Credit Card → Mobile Wallet (3.53% avg cost); most expensive is Bank Account Transfer → Bank Deposit (8.74%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 5.21% (CAD 10.42 on CAD 200 transfer).
- Market coverage: ~8 providers on average (competition level: moderate)
- Average speed: About 15 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Canada to China money transfers.
📈 CAD to CNY exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Canada to China money transfers is usually the single biggest factor that will determine your overall CAD cost and your recipient's CNY payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a CAD 200 money transfer benchmark, we see the following FX markup ranges for Canadian Dollar to China transfers:
- Average markup: 2.52%
- Median markup: 2.59%
- Lowest markup: -0.62%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 8.54%
That is a spread of 9.16 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a CAD 200 transfer, the above markup range is equivalent to roughly CNY 18.32 purely from differences in the exchange rate. That incremental saving increases to CNY 45.80 for a CAD 500 transfer.
🛠️ How to use this insight: When comparing providers for Canada to China remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
CAD to CNY exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Canada to China remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Canadian Dollar reaches your recipient in China.
Based on data from last 5 years, we notice the below about Canadian Dollar to China money transfer fees:
- Average fee: CAD 7.86
- Median fee: CAD 7.00
- Lowest fee: CAD 0.00
- Highest fee: CAD 20.00
The average fee amount of CAD 7.86 noted above represents 3.93% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by CAD 20.00.
🛠️ How to use this insight: For your next money transfer from Canada to Chinese Yuan, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for CAD-CNY remittances
Based on our detailed analysis of historical Canada to China data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to China from Canada:
- Mobile Wallet: 4.46%
- Credit Card: 5.40%
- Debit Card: 5.61%
- Cash: 6.55%
- Bank Account Transfer: 8.17%
That is a total spread of 3.71 percentage points.
This means that on a CAD 200 transfer, you could save up to CAD 7.42 simply by choosing the best priced payment method.
These savings will only multiply for higher CAD amounts.
Here is the average cost of popular delivery methods used to send money from Canada to China:
- Mobile Wallet: 3.92%
- Cash Pickup: 6.44%
- Bank Deposit: 6.55%
The cost difference between the above delivery methods is 2.64 percentage points.
Once again, this means that you could save up to CAD 5.28 on a CAD 200 transfer to China by choosing Mobile Wallet versus Bank Deposit.
As you can imagine, the possible combinations of Canada payment methods and China delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Canada to CNY money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Mobile Wallet | 3.53 |
| Debit Card | Mobile Wallet | 3.76 |
| Mobile Wallet | Mobile Wallet | 4.46 |
| Debit Card | Bank Deposit | 4.67 |
| Credit Card | Bank Deposit | 4.70 |
| Cash | Bank Deposit | 4.98 |
| Credit Card | Cash Pickup | 6.12 |
| Debit Card | Cash Pickup | 6.35 |
| Bank Account Transfer | Cash Pickup | 6.53 |
| Cash | Cash Pickup | 6.65 |
| Bank Account Transfer | Bank Deposit | 8.74 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these CAD-CNY payment and delivery options is significant. Here are some observations:
- Credit Card → Mobile Wallet has the lowest average cost at 3.53%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 8.74%.
- Credit Card → Mobile Wallet average cost is 5.21 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a CAD 200 money transfer, you could save up to CAD 17.48 simply by choosing the best payment and delivery method combo.
- Further, on a CAD 500 money transfer, the savings increase to CAD 43.70.
Here is a quick summary of the average historical cost of various payment and delivery methods for CAD to China money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Mobile Wallet averaged 4.46%, compared to 8.17% for Bank Account Transfer, a difference of 3.71 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 3.92%, compared to 6.55% for Bank Deposit (2.64 percentage points higher).
- Cheapest combo: Credit Card → Mobile Wallet averaged 3.53%, which is 5.21 percentage points lower than Bank Account Transfer → Bank Deposit (8.74%).
🛠️ How to use this insight: As you compare money transfer providers for your next Canada to China international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Canada to China remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for CAD-CNY remittances?
When we compared Canada banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 3.56 percentage points more on average than money transfer providers for Canada to China remittances.
This means banks tend to be approximately 1.61x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | CAD 14.76 | CAD 6.33 | CAD 8.44 |
| Exchange rate markup | 2.00% | 2.64% | -0.64 pp* |
| Average total cost (%) | 9.38% | 5.82% | 3.56 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Canada may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in Canada, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of CAD-CNY money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending CAD 200 vs CAD 500 from Canada to China.
We found that sending a higher amount (CAD 500) tends to be cheaper - average cost drops from 6.47% to 4.42%, a reduction of 2.04 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Canadian Dollar amounts to China, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Canada to China remittance market?
Based on data from the last 5 years, CAD-CNY money transfers are provided on an average by 8 remittance companies. With around 8 providers serving this market, we consider the level of competition to be moderate.
Traditional banks have represented only 25% of active providers in this corridor (2 out of 8), meaning money transfer companies make up the majority.
The good news is that you can currently compare 14 providers on RemitFinder for CAD-CNY transfers. This is a higher number of money transfer companies to choose from as compared to prior years.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Canada to China remittances.
⏱️ How fast are CAD-CNY money transfers?
If your recipient in China needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Canada to China transfers when it comes to processing time:
- Average transfer time: About 15 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at CAD 200: About 15 hours.
- Average speed at CAD 500: About 15 hours.
Banks vs money transfer providers speed comparison: Banks take 52 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Canada to China in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for China.
Canada to China transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Canada to China money transfers
These FAQs use data from RemitFinder's historical analysis of Canada to China money transfers over several years.
What factors affect the total cost of sending money from Canada to China?
The total cost of your CAD-CNY money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Canada to China transfers?
Historical CAD to CNY exchange rate markup ranges from -0.62% to 8.54%, a spread of 9.16 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can CAD-CNY exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative CAD-CNY exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Canada to China transfers?
Exchange rate markup ranges from -0.62% to 8.54% (a spread of 9.16 percentage points).
Transfer fees range from CAD 0.00 to CAD 20.00, which equals roughly 10.00% on a CAD 200.00 transfer.
At CAD 200.00, the larger driver of overall cost is the transfer fee, whilst at CAD 500.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Canada to China transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger CAD amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most CNY for your CAD.
How much can Canada to China transfer costs vary between providers?
Historical transfer cost ranges from 0.58% to 13.26% for CAD transfers to China. That is a spread of 12.68 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -0.62% to 8.54% (a spread of 9.16 percentage points). Thus, even small differences in FX margin can have a big impact on the final CNY payout.
Why do various money transfer providers price CAD to China transfers differently?
If you send the same Canadian Dollar amount to China via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final CNY payout in China in a big way.
How stable are transfer costs in the Canada to China corridor?
When we analyzed the historical total cost for CAD-CNY transfers, we observed a range from 0.58% to 13.26% (12.68 percentage points difference), along with a variability (standard deviation) of 2.38%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -0.62% to 8.54% (9.16 percentage points difference), with a standard deviation of 1.17%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your CAD-CNY transfers.
Which payment method is cheapest for Canada to China remittances?
Mobile Wallet is the cheapest payment method in Canada based on its average cost at 4.46% (compared to Bank Account Transfer at 8.17%, a difference of 3.71 percentage points).
Based on this, we recommend paying for your CAD transfer with Mobile Wallet, and avoiding Bank Account Transfer if possible.
Is Debit Card cheaper than Credit Card for Canada to China transfers?
Credit Card is cheaper on average when sending money to China from Canada since it costs 5.61% (compared to 5.40% for Credit Card payments, a difference of 0.21 percentage points).
As a result, we recommend that you avoid paying for your transfer to China with a Credit Card.
Which delivery method is cheapest for CAD-CNY money transfers?
Mobile Wallet is the cheapest delivery method in China as it costs 3.92% (compared to Bank Deposit at 6.55%, a spread of 2.64 percentage points).
If your recipient in China can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for CAD-CNY transfers.
Is Bank Deposit cheaper than Cash Pickup for Canada to China transfers?
Cash Pickup is cheaper for transfers to China given its 6.55% average cost (versus 6.44% for Cash Pickup, a difference of 0.11 percentage points).
To save more, consider choosing the cheapest delivery option for China.
What is the cheapest way to send money from Canada to China?
We evaluated 11 payment and delivery method combinations for Canada to China remittances.
Based on historical data, Credit Card → Mobile Wallet is the cheapest combination with 3.53% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 8.74% cost. That is a difference of 5.21 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Canada to China remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your CAD-CNY transfers.
Does sending more money reduce the cost for Canada to China transfers?
Larger CAD-CNY transfers are cheaper on average.
The cost of a CAD 200 transfer averages 6.47% as compared to 4.42% for a CAD 500 transfer, a difference of 2.04 percentage points.
How long does it take to send money from Canada to China?
Based on our analysis, the average transfer time for CAD-CNY transfers is 15 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Are instant transfers available from Canada to China?
Yes, historical data shows that some transfers to China from Canada can complete in less than one hour.
Note that the actual speed of your CAD-CNY transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Canada to China?
Banks in Canada are more expensive than money transfer providers.
The average cost of banks is 9.38% compared to 5.82% for money transfer providers in Canada, a difference of 3.56 percentage points.
Why do banks charge more for Canada to China transfers?
Bank transfers in Canada cost 9.38% compared to 5.82% for money transfer companies.
The difference is often due to the fact that banks in Canada provider lower exchange rates and charge high wire transfer fees.
How competitive is the Canada to China remittance market?
Based on historical data, the competition level in Canada to China is considered moderate with 8 active providers.
Money transfer providers represent about 75% of identified providers in Canada.
Do I risk overpaying if I do not compare providers for Canada to China?
Historically, total CAD-CNY transfer cost has varied by 12.68 percentage points. On a CAD 200 transfer, that can translate to CAD 25.36 in savings.
CAD-CNY exchange rate markup also varies across providers. The average markup spread has been about 9.16 percentage points. On a CAD 200 transfer, that could be CAD 18.32 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about CAD 20.00 across providers.
That is why comparing providers can materially change how much of the CAD you send does your recipient receive in China in China.
Latest CAD to CNY Conversion Rates
Here are some latest CAD to CNY (Canadian Dollar to Chinese Yuan) exchange rates for popular conversion amounts*.
| 1 CAD | 5.06 CNY |
| 5 CAD | 25.32 CNY |
| 10 CAD | 50.65 CNY |
| 25 CAD | 126.62 CNY |
| 50 CAD | 253.23 CNY |
| 100 CAD | 506.46 CNY |
| 150 CAD | 759.69 CNY |
| 200 CAD | 1,012.92 CNY |
| 250 CAD | 1,266.15 CNY |
| 300 CAD | 1,519.38 CNY |
| 400 CAD | 2,025.84 CNY |
| 500 CAD | 2,532.30 CNY |
| 600 CAD | 3,038.76 CNY |
| 700 CAD | 3,545.22 CNY |
| 800 CAD | 4,051.68 CNY |
| 1000 CAD | 5,064.60 CNY |
| 1500 CAD | 7,596.90 CNY |
| 2000 CAD | 10,129.20 CNY |
| 2500 CAD | 12,661.50 CNY |
| 3000 CAD | 15,193.80 CNY |
| 4000 CAD | 20,258.40 CNY |
| 5000 CAD | 25,323.00 CNY |
| 10000 CAD | 50,646.00 CNY |
| 15000 CAD | 75,969.00 CNY |
| 20000 CAD | 101,292.00 CNY |
| 30000 CAD | 151,938.00 CNY |
| 40000 CAD | 202,584.00 CNY |
| 50000 CAD | 253,230.00 CNY |
| 100000 CAD | 506,460.00 CNY |
*Based on the Mid-market Exchange Rate
Other popular countries to send money from Canada
- Send money from Canada to Austria
- Send money from Canada to Brazil
- Send money from Canada to Croatia
- Send money from Canada to Czech Republic
- Send money from Canada to Ecuador
- Send money from Canada to Ghana
- Send money from Canada to Haiti
- Send money from Canada to Jamaica
- Send money from Canada to Japan
- Send money from Canada to Jordan
- Send money from Canada to Kenya
- Send money from Canada to Peru
- Send money from Canada to Portugal
- Send money from Canada to Serbia
- Send money from Canada to Sweden
- Send money from Canada to UK
1 Based on 305 pricing observations across 8 firms over the last 5 years for a CAD 200 money transfer from Canada to China. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Canada to China remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.