Send money overseas with WorldRemit to take advantage of bank-beating exchange rates

Compare today's CAD to PAB (Canadian Dollar to Panamanian Balboa) exchange rates

Canada
Panama
CAD
Interbank Exchange Rate: 1 CAD = 0.7150 PAB
Updated about an hour ago

Found 1 Remittance Service Providers

(*)(*)(*)(*)(*)
1000 CAD =
705.10 PAB
Transfer Limit (CAD): 1 - 2999
Locked-In Rate1 CAD = 0.7051 PAB

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.





All you need to know about Canadian Dollar to Panamanian Balboa money transfers

Easily compare money transfer providers in one place to send money from Canada to Panama. Send money overseas to your loved ones by comparing Canadian Dollar (CAD) to Panamanian Balboa (PAB) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

RemitFinder compared 1 money transfer operators to get you the best FX rates to send money from Canada to Panama.

The best rate to send Panamanian Balboa from Canadian Dollar to your loved ones in Panama is currently offered by Ria Money Transfer; their 1 CAD to PAB exchange rate today is 0.7051.

Were you looking to send money from Panama to Canada instead?

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.


Latest CAD to PAB Conversion Rates

Here are some latest CAD to PAB (Canadian Dollar to Panamanian Balboa) exchange rates for popular conversion amounts*.

1 CAD0.72 PAB
5 CAD3.57 PAB
10 CAD7.15 PAB
25 CAD17.88 PAB
50 CAD35.75 PAB
100 CAD71.50 PAB
150 CAD107.25 PAB
200 CAD143.00 PAB
250 CAD178.75 PAB
300 CAD214.50 PAB
400 CAD286.00 PAB
500 CAD357.50 PAB
600 CAD429.00 PAB
700 CAD500.50 PAB
800 CAD572.00 PAB
1,000 CAD715.00 PAB
1,500 CAD1,072.50 PAB
2,000 CAD1,430.00 PAB
2,500 CAD1,787.50 PAB
3,000 CAD2,145.00 PAB
4,000 CAD2,860.00 PAB
5,000 CAD3,575.00 PAB
10,000 CAD7,150.00 PAB
15,000 CAD10,725.00 PAB
20,000 CAD14,300.00 PAB
30,000 CAD21,450.00 PAB
40,000 CAD28,600.00 PAB
50,000 CAD35,750.00 PAB
100,000 CAD71,500.00 PAB

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to Panama from Canada?

There are many good choices when it comes to sending money from Canada to Panama. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Canadian Dollar to PAB money transfers.

We compare different remittance companies to bring you the best options to send money to Panama from Canada. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Canadian Dollar to Panamanian Balboa money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best remit rate for transferring money from Canada to Panama?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Panama from Canada.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your CAD to Panamanian Balboa remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for CAD to PAB remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to send money to Panama from Canada?

Finding the cheapest way to send money from Canada to Panama might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer CAD to PAB via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Canada to Panama exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money to Panama from Canada through a bank?

Big banks in Canada are known to make a lot of money by charging high fees on Panama money transfers from Canada. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a CAD to PAB exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Panama. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Canada to Panama. You work hard for your money, so you should also ensure you get the maximum yield when you send PAB overseas.


What is the fastest way to do a money transfer to Panama from Canada?

If you need to convert CAD to PAB as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Canada to Panama could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Canadian Dollar to Panamanian Balboa funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Panama.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Canada to Panama. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money from Canada to Panama?

Comparing money transfer companies for sending money to Panama from Canada can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Panama. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Canadian Dollar to Panamanian Balboa transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Panamanian Balboa yield on every Canadian Dollar that you send.


Step by step guide to transfer money to Panama from Canada

Follow the below easy steps to send money to Panama from Canada.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Canada bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Panama).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your CAD to PAB remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.