Compare today's CAD to KES (Canadian Dollar to Kenyan Shilling) exchange rates
📈 Canada to Kenya Money Transfer Snapshot Today
- Best CAD to KES exchange rate today: KES 95.0952, offered by Regency FX
- Number of money transfer providers compared: 18
- Exchange rate range: KES 91.4073 to KES 95.0952
- Potential savings on CAD 1000: KES 3,687.90
- Number of deals and promo codes: 13
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real CAD to KES exchange rate before providers add their margin or fees. exchange rate: 1 CAD = KES 95.3756 (Updated about an hour ago)
See detailed Canada to Kenya money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 Get promotional rate on your first transfer
📢 B2B transfers only
📢 Special exchange rate applied for 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-KES exchange rates mean for you
Compare today's CAD-KES exchange rates and send money from Canada to Kenya 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 18 providers that you can rely on for Canada to Kenya money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Canada to Kenya Providers
🥇 Regency FX with 1 CAD = 95.0952 KES (best CAD to KES exchange rate today).
🥈 Key Currency offering 1 CAD = 95.0952 KES.
🥉 KOHO & Western Union are also providing good FX rate today.
The exchange rate provided by these 18 providers ranges from KES 91.4073 to KES 95.0952. For a CAD 1000 money transfer from Canada to Kenya, that could mean up to KES 3,687.90 saved on FX alone.
CAD-KES exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final KES payout that your recipient gets in Kenya.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Canada to Kenya remittances.
🔄 Looking for the reverse corridor? Send money from Kenya 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-KES exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst CAD-KES 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 Kenya historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your KES payout.
Data-driven cost insights for Canada to Kenya money transfers
When you send money internationally from Canada to Kenya, the key factors that will influence the overall cost of your transaction are:
- CAD-KES exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum KES payout for your overseas recipient in Kenya.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Canada to Kenya, 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 Kenya money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 530 actual Canada to Kenya money transfers handled by 13 providers over the last 5 years (for a CAD 200 remittance benchmark).
This data-driven approach using real CAD-KES 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 Kenya money transfers
- Average total cost: 7.13% (range -1.80% to 28.31%, spread 30.11 percentage points)
- Potential payout difference: On a CAD 200 transfer, the above variation can save you up to CAD 60.22.
- Average FX markup: 3.52% (range -4.30%
ⓘ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 9.56%, spread 13.86 percentage points) - Average transfer fee: CAD 7.21 (range CAD 0.00 to CAD 50.00)
- Cheapest payment/delivery method combo: Bank Account Transfer → Mobile Wallet (3.45% avg cost); most expensive is Bank Account Transfer → Bank Deposit (10.95%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 7.49% (CAD 14.98 on CAD 200 transfer).
- Market coverage: ~13 providers on average (competition level: competitive)
- Average speed: About 19 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 Kenya money transfers.
📈 CAD to KES exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Canada to Kenya money transfers is usually the single biggest factor that will determine your overall CAD cost and your recipient's KES 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 Kenya transfers:
- Average markup: 3.52%
- Median markup: 3.47%
- Lowest markup: -4.30%
ⓘ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: 9.56%
That is a spread of 13.86 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 KES 27.72 purely from differences in the exchange rate. That incremental saving increases to KES 69.30 for a CAD 500 transfer.
🛠️ How to use this insight: When comparing providers for Canada to Kenya 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 KES 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 Kenya 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 Kenya.
Based on data from last 5 years, we notice the below about Canadian Dollar to Kenya money transfer fees:
- Average fee: CAD 7.21
- Median fee: CAD 6.00
- Lowest fee: CAD 0.00
- Highest fee: CAD 50.00
The average fee amount of CAD 7.21 noted above represents 3.61% 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 50.00.
🛠️ How to use this insight: For your next money transfer from Canada to Kenyan Shilling, 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-KES remittances
Based on our detailed analysis of historical Canada to Kenya 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 Kenya from Canada:
- Credit Card: 5.90%
- Debit Card: 6.24%
- Bank Account Transfer: 7.65%
- Cash: 8.88%
That is a total spread of 2.98 percentage points.
This means that on a CAD 200 transfer, you could save up to CAD 5.95 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 Kenya:
- Mobile Wallet: 4.43%
- Cash Pickup: 7.54%
- Bank Deposit: 10.57%
The cost difference between the above delivery methods is 6.13 percentage points.
Once again, this means that you could save up to CAD 12.27 on a CAD 200 transfer to Kenya by choosing Mobile Wallet versus Bank Deposit.
As you can imagine, the possible combinations of Canada payment methods and Kenya 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 KES money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Mobile Wallet | 3.45 |
| Credit Card | Mobile Wallet | 3.52 |
| Debit Card | Mobile Wallet | 4.73 |
| Credit Card | Bank Deposit | 6.79 |
| Debit Card | Bank Deposit | 6.79 |
| Credit Card | Cash Pickup | 6.86 |
| Debit Card | Cash Pickup | 7.10 |
| Bank Account Transfer | Cash Pickup | 7.14 |
| Cash | Mobile Wallet | 7.50 |
| Cash | Cash Pickup | 9.12 |
| Bank Account Transfer | Bank Deposit | 10.95 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these CAD-KES payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Mobile Wallet has the lowest average cost at 3.45%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 10.95%.
- Bank Account Transfer → Mobile Wallet average cost is 7.49 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 21.89 simply by choosing the best payment and delivery method combo.
- Further, on a CAD 500 money transfer, the savings increase to CAD 54.73.
Here is a quick summary of the average historical cost of various payment and delivery methods for CAD to Kenya money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Credit Card averaged 5.90%, compared to 8.88% for Cash, a difference of 2.98 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 4.43%, compared to 10.57% for Bank Deposit (6.13 percentage points higher).
- Cheapest combo: Bank Account Transfer → Mobile Wallet averaged 3.45%, which is 7.49 percentage points lower than Bank Account Transfer → Bank Deposit (10.95%).
🛠️ How to use this insight: As you compare money transfer providers for your next Canada to Kenya 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 Kenya remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for CAD-KES 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 7.38 percentage points more on average than money transfer providers for Canada to Kenya remittances.
This means banks tend to be approximately 2.17x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | CAD 21.44 | CAD 5.46 | CAD 15.97 |
| Exchange rate markup | 2.98% | 3.59% | -0.61 pp* |
| Average total cost (%) | 13.70% | 6.32% | 7.38 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-KES 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 Kenya.
We found that sending a higher amount (CAD 500) tends to be cheaper - average cost drops from 7.13% to 5.21%, a reduction of 1.92 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 Kenya, 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 Kenya remittance market?
Based on data from the last 5 years, CAD-KES money transfers are provided on an average by 13 remittance companies. With around 13 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented only 23.1% of active providers in this corridor (3 out of 13), meaning money transfer companies make up the majority.
The good news is that you can currently compare 18 providers on RemitFinder for CAD-KES 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 Kenya remittances.
⏱️ How fast are CAD-KES money transfers?
If your recipient in Kenya needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Canada to Kenya transfers when it comes to processing time:
- Average transfer time: About 19 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at CAD 200: About 19 hours.
- Average speed at CAD 500: About 19 hours.
Banks vs money transfer providers speed comparison: Banks take 66 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Canada to Kenya 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 Kenya.
Canada to Kenya 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 Kenya money transfers
These FAQs use data from RemitFinder's historical analysis of Canada to Kenya money transfers over several years.
What factors affect the total cost of sending money from Canada to Kenya?
The total cost of your CAD-KES 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 Kenya transfers?
Historical CAD to KES exchange rate markup ranges from -4.30% to 9.56%, a spread of 13.86 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can CAD-KES 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-KES 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 Kenya transfers?
Exchange rate markup ranges from -4.30% to 9.56% (a spread of 13.86 percentage points).
Transfer fees range from CAD 0.00 to CAD 50.00, which equals roughly 25.00% 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 Kenya 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 KES for your CAD.
How much can Canada to Kenya transfer costs vary between providers?
Historical transfer cost ranges from -1.80% to 28.31% for CAD transfers to Kenya. That is a spread of 30.11 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 -4.30% to 9.56% (a spread of 13.86 percentage points). Thus, even small differences in FX margin can have a big impact on the final KES payout.
Why do various money transfer providers price CAD to Kenya transfers differently?
If you send the same Canadian Dollar amount to Kenya 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 KES payout in Kenya in a big way.
How stable are transfer costs in the Canada to Kenya corridor?
When we analyzed the historical total cost for CAD-KES transfers, we observed a range from -1.80% to 28.31% (30.11 percentage points difference), along with a variability (standard deviation) of 4.56%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -4.30% to 9.56% (13.86 percentage points difference), with a standard deviation of 1.95%. 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-KES transfers.
Which payment method is cheapest for Canada to Kenya remittances?
Credit Card is the cheapest payment method in Canada based on its average cost at 5.90% (compared to Cash at 8.88%, a difference of 2.98 percentage points).
Based on this, we recommend paying for your CAD transfer with Credit Card, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for Canada to Kenya transfers?
Credit Card is cheaper on average when sending money to Kenya from Canada since it costs 6.24% (compared to 5.90% for Credit Card payments, a difference of 0.34 percentage points).
As a result, we recommend that you avoid paying for your transfer to Kenya with a Credit Card.
Which delivery method is cheapest for CAD-KES money transfers?
Mobile Wallet is the cheapest delivery method in Kenya as it costs 4.43% (compared to Bank Deposit at 10.57%, a spread of 6.13 percentage points).
If your recipient in Kenya can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for CAD-KES transfers.
Is Bank Deposit cheaper than Cash Pickup for Canada to Kenya transfers?
Cash Pickup is cheaper for transfers to Kenya given its 10.57% average cost (versus 7.54% for Cash Pickup, a difference of 3.03 percentage points).
To save more, consider choosing the cheapest delivery option for Kenya.
What is the cheapest way to send money from Canada to Kenya?
We evaluated 11 payment and delivery method combinations for Canada to Kenya remittances.
Based on historical data, Bank Account Transfer → Mobile Wallet is the cheapest combination with 3.45% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 10.95% cost. That is a difference of 7.49 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Canada to Kenya remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your CAD-KES transfers.
Does sending more money reduce the cost for Canada to Kenya transfers?
Larger CAD-KES transfers are cheaper on average.
The cost of a CAD 200 transfer averages 7.13% as compared to 5.21% for a CAD 500 transfer, a difference of 1.92 percentage points.
How long does it take to send money from Canada to Kenya?
Based on our analysis, the average transfer time for CAD-KES transfers is 19 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from Canada to Kenya?
Yes, historical data shows that some transfers to Kenya from Canada can complete in less than one hour.
Note that the actual speed of your CAD-KES 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 Kenya?
Banks in Canada are more expensive than money transfer providers.
The average cost of banks is 13.70% compared to 6.32% for money transfer providers in Canada, a difference of 7.38 percentage points.
Why do banks charge more for Canada to Kenya transfers?
Bank transfers in Canada cost 13.70% compared to 6.32% 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 Kenya remittance market?
Based on historical data, the competition level in Canada to Kenya is considered competitive with 13 active providers.
Money transfer providers represent about 76.9% of identified providers in Canada.
Do I risk overpaying if I do not compare providers for Canada to Kenya?
Historically, total CAD-KES transfer cost has varied by 30.11 percentage points. On a CAD 200 transfer, that can translate to CAD 60.22 in savings.
CAD-KES exchange rate markup also varies across providers. The average markup spread has been about 13.86 percentage points. On a CAD 200 transfer, that could be CAD 27.72 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about CAD 50.00 across providers.
That is why comparing providers can materially change how much of the CAD you send does your recipient receive in Kenya in Kenya.
Latest CAD to KES Conversion Rates
Here are some latest CAD to KES (Canadian Dollar to Kenyan Shilling) exchange rates for popular conversion amounts*.
| 1 CAD | 95.38 KES |
| 5 CAD | 476.88 KES |
| 10 CAD | 953.76 KES |
| 25 CAD | 2,384.39 KES |
| 50 CAD | 4,768.78 KES |
| 100 CAD | 9,537.56 KES |
| 150 CAD | 14,306.34 KES |
| 200 CAD | 19,075.12 KES |
| 250 CAD | 23,843.90 KES |
| 300 CAD | 28,612.68 KES |
| 400 CAD | 38,150.24 KES |
| 500 CAD | 47,687.80 KES |
| 600 CAD | 57,225.36 KES |
| 700 CAD | 66,762.92 KES |
| 800 CAD | 76,300.48 KES |
| 1000 CAD | 95,375.60 KES |
| 1500 CAD | 143,063.40 KES |
| 2000 CAD | 190,751.20 KES |
| 2500 CAD | 238,439.00 KES |
| 3000 CAD | 286,126.80 KES |
| 4000 CAD | 381,502.40 KES |
| 5000 CAD | 476,878.00 KES |
| 10000 CAD | 953,756.00 KES |
| 15000 CAD | 1,430,634.00 KES |
| 20000 CAD | 1,907,512.00 KES |
| 30000 CAD | 2,861,268.00 KES |
| 40000 CAD | 3,815,024.00 KES |
| 50000 CAD | 4,768,780.00 KES |
| 100000 CAD | 9,537,560.00 KES |
*Based on the Mid-market Exchange Rate
1 Based on 530 pricing observations across 13 firms over the last 5 years for a CAD 200 money transfer from Canada to Kenya. 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 Kenya 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.