CAD to PHP exchange rate | Send money from Canada to Philippines

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📈 Canada to Philippines Money Transfer Snapshot Today

Best CAD to PHP exchange rate today: PHP 43.4743, offered by Panda Remit
Number of money transfer providers compared: 23
Exchange rate range: PHP 41.6317 to PHP 43.4743
Potential savings on CAD 1000: PHP 1,842.60
Number of deals and promo codes: 18
Mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real CAD to PHP exchange rate before providers add their margin or fees. exchange rate: 1 CAD = PHP 42.9419 (Updated about an hour ago)

See detailed Canada to Philippines money transfer comparison below.

Money Transfer Providers that matched the search criteria

💡What today's CAD-PHP exchange rates mean for you

Compare today's CAD-PHP exchange rates and send money from Canada to Philippines with confidence. View provider pricing, read detailed reviews, and discover current deals and promotional offers — all in one place.

We compared 23 providers serving this corridor today. Here is how the market looks like right now:

Today's Most Competitive Canada to Philippines Providers

🥇 Panda Remit with 1 CAD = 43.4743 PHP (best CAD to PHP exchange rate today).

🥈 Western Union offering 1 CAD = 43.4345 PHP.

🥉 WorldRemit & TalkRemit are also pricing CAD-PHP competitively today.

CAD-PHP exchange rates fluctuate throughout the day, and top positions can change quickly. The best provider for a CAD 1000 transfer may not be the cheapest for larger amounts.

That's why comparing money transfer providers can significantly impact the final PHP received in Philippines.

🔄 Looking for the reverse route? Send money from Philippines 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.

👇 Look beyond today's CAD-PHP exchange rate — historical pricing trends show how they can affect the overall transfer cost of your transfer.

Whilst the exchange rate matters, long-term pricing patterns show that exchange rate markup, transfer fees, and payment and delivery methods can significantly influence your final payout.

Below, we analyze Canada to Philippines historical remittance data to help you understand where costs may arise and strategies to potentially maximize your PHP payout.

Data-driven cost insights for Canada to Philippines money transfers

When you send money internationally from Canada to Philippines, the key factors that will influence the overall cost of your transaction are:

CAD-PHP exchange rate
Transfer fee
Payment method
Delivery method

Ideally, you would want to optimize these 4 factors to try to get the maximum PHP payout for your overseas recipient in Philippines.

Another counter-balancing aspect is money transfer speed. If you need to rush money from Canada to Philippines, you may have to compromise on some or all of the above factors.

To put these factors into a better perspective with a data-driven approach, we have analyzed historical remittance pricing¹ for the Canada to Philippines corridor, comparing total transfer costs, FX margins, fees, and payment and delivery methods across providers.

This historical analysis based on actual CAD-PHP transfer data could prove useful in identifying the lowest-cost funding options and payout combinations, thereby helping you reduce transfer costs and maximize the amount received.

Before we deep dive, here are the key trends from our analysis, summarized in an easy to read manner.

📌 Key insights for Canada to Philippines money transfers

Typical total cost: 4.47% (range -0.28% to 14.14%, spread 14.42 pp)
Potential value difference: On a CAD 200 transfer, that spread can save you up to CAD 28.84.
FX markup (exchange rate margin): 1.09% (range -1.39% to 12.15%, spread 13.54 pp)
Average transfer fee: CAD 6.77 (range CAD 0.00 to CAD 14.00)
Cheapest payment/delivery method combo: Bank Account Transfer → Mobile Wallet (3.21% avg cost); most expensive is Credit Card → Bank Deposit (5.98%)
Method choice impact: Cheapest vs most expensive combo differs by about 2.77 percentage points.
Market coverage: ~15 active providers (competition level: competitive)
Typical speed: About 27 hours (~1.1 days)

What to do next: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.

Below, we provide various useful and detailed insights for Canada to Philippines money transfers.

📈 CAD to PHP exchange rate markup can be the biggest hidden cost

The exchange rate on your Canada to Philippines money transfers can often be the single biggest factor that will determine your overall CAD cost and your recipient's PHP 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^ⓘThe mid-market exchange rate (also called the interbank rate) is the real CAD to PHP exchange rate before providers add their margin or fees. exchange rate and the exchange rate you receive.

Based on 538 pricing observations across 15 providers over the last 3 years (for a CAD 200 money transfer benchmark), we see the following exchange rate markup ranges for Canadian Dollar to Philippines transfers:

Average exchange rate markup: 1.09%
Median exchange rate markup: 1.05%
Lowest observed markup: -1.39%^ⓘ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 observed markup: 12.15%

That is an FX markup spread of 13.54 percentage points between the lowest and highest observed exchange rate markups.

This spread is important because FX markup is not consistent across providers or payment methods. In other words, a "good deal" on one day or transfer amount can look very different on another.

For example, on a CAD 200 transfer, the above markup range is equivalent to roughly PHP 27.08 purely from differences in the exchange rate. That incremental saving can be PHP 67.70 for a CAD 500 transfer.

How to use this insight: When comparing providers for Canada to Philippines international remittances, always compare the exchange rate you receive (not just fees). A small difference in the FX markup can outweigh fees quickly, and the impact typically grows as transfer amounts increase.

CAD to PHP exchange rate can be the single most critical cost determining factor for your transfer. When comparing providers, pay close attention to the rate you will get.

💰 Transfer fees influence your total Canada to Philippines remittance cost

Whilst exchange rate is a major factor affecting total percentage cost, the transfer fee itself can also have a major impact on how much of your Canadian Dollar amount actually reaches your recipient in Philippines.

Based on 538 pricing observations across 15 providers over the last 3 years (CAD 200 benchmark), we notice the following fee patterns for Canadian Dollar to Philippines money transfers:

Average transfer fee: CAD 6.77
Median transfer fee: CAD 7.00
Lowest observed fee: CAD 0.00
Highest observed fee: CAD 14.00

On a CAD 200 transfer, the average fee amount of CAD 6.77 represents 3.39% of the total amount sent.

Looking at the overall fee variation, even if two providers provide similar exchange rates, a worst case transfer fee can reduce the final payout by CAD 14.00 on the same transfer amount.

For larger transfers, fixed fees generally become less significant as a percentage of the total amount. But for smaller transfers, fees can represent a substantial portion of total cost.

How to use this insight: For your next money transfer from Canada to Philippine Peso, 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 fees by providing lower exchange rates (referred to as a hidden fee), so you should also keep an eye on rates whilst paying attention to fees.

💸 Payment and delivery methods matter for CAD-PHP remittances

Based on our detailed analysis of historical pricing on the Canada to Philippines corridor, we see meaningful variation in overall cost depending on the payment method and delivery method you choose.

Based on 538 pricing observations across 15 providers over the last 3 years (CAD 200 money transfer benchmark), the lowest-cost payment and delivery options consistently differ from the highest-cost ones.

For example, here is the average cost variation for popular payment methods used to send money to Philippines from Canada:

Bank Account Transfer: 3.92%
Debit Card: 4.39%
Credit Card: 4.54%
Cash: 5.36%

That is a total spread of 1.43 percentage points.

This means that on a CAD 200 CAD-PHP transfer, you could save (or lose) up to CAD 2.87 simply by choosing from amongst the available payment methods.

The savings will only multiply for higher CAD amounts.

Similarly, here is the average cost of popular delivery methods used to send money to Philippines:

Mobile Wallet: 3.17%
Bank Deposit: 4.34%
Cash Pickup: 4.66%

The difference between the above delivery methods is 1.50 percentage points.

Once again, this means that you could save up to CAD 3.00 on a CAD 200 transfer to Philippines by choosing Mobile Wallet versus Cash Pickup.

As you can imagine, the possible combinations of Canada payment methods and Philippines delivery methods will all have disparate cost associated with them. Let us look at that next.

Here is a summary table that shows the average cost of payment and delivery method combinations for Canada to PHP money transfers.

Payment Method	Delivery Method	Avg cost (%)
Bank Account Transfer	Mobile Wallet	3.21
Credit Card	Mobile Wallet	3.21
Debit Card	Mobile Wallet	3.21
Bank Account Transfer	Bank Deposit	3.84
Bank Account Transfer	Cash Pickup	4.13
Debit Card	Bank Deposit	4.37
Debit Card	Cash Pickup	4.52
Credit Card	Cash Pickup	4.65
Cash	Bank Deposit	5.30
Cash	Cash Pickup	5.38
Credit Card	Bank Deposit	5.98

Combinations are sorted by average total cost % (cheapest to most expensive).

As you can see, the cost differential between these CAD-PHP payment and delivery options is significant. To put this in further perspective:

Bank Account Transfer → Mobile Wallet has the lowest average cost at 3.21%.
Credit Card → Bank Deposit has the highest average cost at 5.98%.
Bank Account Transfer → Mobile Wallet average cost is 2.77 percentage points lower than Credit Card → Bank Deposit.
This means that on a CAD 200 money transfer, you could save up to CAD 11.95 simply by choosing the best payment and delivery method combo.
Further, on a CAD 500 money transfer, the savings increase to CAD 29.88.

Here is a quick summary of the average historical cost of various payment and delivery methods for CAD to Philippines money transfers.

💸 Cheapest payment and delivery methods (data-backed)

Cheapest payment method: Cost of Bank Account Transfer averaged 3.92%, compared to 5.36% for Cash, a difference of 1.43 percentage points.
Cheapest delivery method: Cost of Mobile Wallet averaged 3.17%, compared to 4.66% for Cash Pickup (1.50 percentage points higher).
Cheapest combo: Cost of Bank Account Transfer → Mobile Wallet averaged 3.21%, which is 2.77 percentage points lower than Credit Card → Bank Deposit (5.98%).

How to use this insight: As you compare money transfer providers for your next Canada to Philippines international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.

This approach can help you avoid a common remittance pitfall of "cheap exchange rate, expensive methods" that can raise total cost even when the headline exchange rate looks attractive.

You can save money on your Canada to Philippines remittances by carefully choosing the most economical payment and delivery methods.

🏦 Are banks more expensive than specialist providers for CAD-PHP money transfers?

We compared traditional banks with specialist money transfer providers based on 3 years of pricing data for Canada to Philippines transfers (CAD 200 benchmark), and noticed some patterns.

We observed that traditional banks charge 1.65 percentage points more on average than specialist money transfer providers for the Canada to Philippines remittance corridor.

That means banks are approximately 1.39x more expensive than money transfer companies on average.

Here are the key stats behind this comparison:

	Banks	Specialists	Difference
Average transfer fee	CAD 9.96	CAD 6.29	CAD 3.66
Exchange rate markup	0.93%	1.11%	-0.18 pp
Average total cost (%)	5.91%	4.26%	1.65 pp

How to use this insight: Whilst banks in Canada may offer convenience and brand familiarity, specialist money transfer providers often deliver lower overall cost driven by 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 the best options.

📊 Does sending more reduce the cost of CAD-PHP money transfers?

To see if transfer cost varies based on the amount sent, we compared the average costs of sending CAD 200 vs CAD 500 from Canada to Philippines.

We found that sending the higher amount (CAD 500) tends to be cheaper - average cost drops from 4.47% to 2.61%, a reduction of 1.86 percentage points.

It is possible that the cost may continue to drop for higher transfer amounts. That said, always check the latest exchange rates and fees for your transfer amount.

How to use this insight: Since it is generally cheaper to send higher Canadian Dollar amounts to Philippines, consider consolidating smaller, more frequent transfers into fewer, larger sends as doing so may reduce the total cost you pay.

🏛 How competitive is the Canada to Philippines remittance market?

Based on 538 pricing observations over the last 3 years (CAD 200 money transfer benchmark), the CAD-PHP corridor is served by 15 active providers on an average.

With 15 providers serving this market, we consider the level of competition in this corridor to be competitive.

Traditional banks represent only 20% of active providers in this corridor (3 out of 15), meaning specialist money transfer companies make up the majority.

A corridor with more active providers is typically more competitive, which can translate into better pricing and more payment and delivery options for your Canada to Philippines remittances.

⏱️ How fast are CAD-PHP money transfers?

Transfer speed can matter just as much as cost, especially when your recipient in Philippines needs funds urgently.

Based on 538 historical pricing observations across 15 providers over the last 3 years (CAD 200 benchmark), here is what we see for Canada to Philippines transfers:

Typical transfer time: About 27 hours (~1.1 days).
Fastest transfer time: About less than 1 hour.
Slowest transfer time: About 144 hours (~6.0 days).
Average speed at CAD 200: About 27 hours (~1.1 days).
Average speed at CAD 500: About 27 hours (~1.1 days).

Banks vs money transfer providers: We observed that banks take on average 21 hours longer than specialist money transfer providers on this corridor.

How to use this insight: If you need to send money from Canada to Philippines in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed often varies by payout method (bank vs cash vs wallet) and local rails in Philippines.

On the Canada to Philippines corridor, delivery speed can vary across providers, so it is worth comparing transfer speed alongside total cost for time-sensitive money transfers.

Frequently Asked Questions about Canada to Philippines money transfers

These FAQs use data from RemitFinder's historical analysis of Canada to Philippines money transfers over several years.

What factors affect the total cost of sending money from Canada to Philippines?

CAD-PHP exchange rate markup, transfer fees, payment method and delivery method all affect total cost.

The total cost of your CAD-PHP money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate markup applied, and any transfer fee charged by the provider. You can generally avoid overpaying by comparing various providers.

How much does the exchange rate markup affect Canada to Philippines transfers?

CAD-PHP exchange rate markup can significantly affect your final payout.

Historical Canadian Dollar to PHP FX markup ranges from -1.39% to 12.15%, a spread of 13.54 percentage points. As you can see, even small differences in the exchange rate markup can easily outweigh fees.

Can CAD-PHP exchange rate markup be negative?

Yes, negative markup can occur for Canada to Philippines transfers, usually representing a promotional rate.

In some cases, providers may offer promotional exchange rates that are better than the mid-market rate, resulting in a negative CAD-PHP exchange rate markup. These offers are typically limited in size, eligibility, or duration. Compare providers to see if you can take advantage of such special offers.

Is the exchange rate or the fee more important for Canada to Philippines transfers?

The exchange rate markup contributes more to pricing variation for CAD-PHP transfers (and that remains true at higher amounts).

Exchange rate markup ranges from -1.39% to 12.15% (a spread of 13.54 percentage points). Transfer fees range from CAD 0.00 to CAD 14.00, which equals roughly 7.00 percentage points of a CAD 200.00 transfer.

At both CAD 200.00 and CAD 500.00, the exchange rate markup shows larger variation than the other component.

But regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Canada to Philippines transfers.

As the transfer amount increases, the % impact of fees often 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 markup often becomes the bigger driver. Either way, comparing both helps you get the most PHP for your CAD.

How much can Canada to Philippines transfer costs vary between providers?

Transfer costs can vary significantly depending on provider and method.

Historical transfer costs range from -0.28% to 14.14% for CAD transfers to Philippines. That is a spread of 14.42 percentage points, meaning the difference between providers can be material.

A major contributor to this variation is exchange rate markup. Markup alone ranges from -1.39% to 12.15% (a spread of 13.54 percentage points). Even small differences in FX margin, therefore, can significantly change the final PHP payout.

Why does the same CAD transfer cost different amounts when sending PHP to Philippines?

Payment method, delivery method, exchange rate markup, and fees all affect total CAD-PHP cost.

Costs vary because providers apply different Canadian Dollar exchange rate markups, charge different transfer fees, and offer different payment and delivery methods. Even small differences amongst all these factors can significantly change the final payout in PHP in Philippines.

How stable are transfer costs in the Canada to Philippines corridor?

Money transfer costs can vary meaningfully across providers and methods in the Canada to Philippines market.

When we analyzed the historical total cost for CAD-PHP transfers, we observed a range from -0.28% to 14.14% (14.42 percentage points), along with a variability (standard deviation) of about 1.57%.

A major driver of cost in this market is exchange rate markup. Markup ranges from -1.39% to 12.15% (13.54 percentage points), with a standard deviation of about 1.20%. Fees and method choices can contribute to further volatility.

This reinforces why comparing money transfer providers and their services can matter when it comes to getting the most of your CAD-PHP transfers.

Which payment method is cheapest for Canada to Philippines remittances?

Bank Account Transfer is the cheapest payment method in Canada based on average cost.

Bank Account Transfer averages 3.92% of total cost compared to Cash at 5.36%, a difference of 1.43 percentage points.

Based on this, we recommend paying for your CAD transfer with Bank Account Transfer, and avoiding Cash if possible.

Is Debit Card cheaper than Credit Card for Canada to Philippines transfers?

Debit Card is cheaper on average when sending money to Philippines from Canada.

For CAD-PHP transfers, Debit Card funding averages 4.39% compared to 4.54% for Credit Card payments, a difference of 0.15 percentage points.

As a result, we recommend that you avoid paying for your transfer to Philippines with a Credit Card.

Which delivery method is cheapest for CAD-PHP money transfers?

Mobile Wallet is the cheapest delivery method in Philippines on average.

Mobile Wallet averages 3.17% total cost compared to Cash Pickup at 4.66%, a spread of 1.50 percentage points.

If your recipient in Philippines can accept Mobile Wallet, we recommend choose it as your preferred delivery option for CAD-PHP transfers.

Is Bank Deposit cheaper than Cash Pickup for Canada to Philippines transfers?

Bank Deposit is cheaper on average for transfers to Philippines.

For CAD transfers to Philippines, Bank Deposit averages 4.34% versus 4.66% for Cash Pickup, a difference of 0.32 percentage points. To save more, consider choosing the cheapest delivery option for Philippines.

What is the cheapest way to send money from Canada to Philippines?

For CAD-PHP transfers, Bank Account Transfer → Mobile Wallet has the lowest-cost combination on average.

We evaluated 11 payment and delivery method combinations in the Canada to Philippines remittance market.

Based on historical averages, Bank Account Transfer → Mobile Wallet costs about 3.21% on average. At the other end of the spectrum, Credit Card → Bank Deposit is the most expensive combination at about 5.98% on average.

The spread between the cheapest and most expensive method combinations is approximately 2.77 percentage points when sending CAD to Philippines.

Money transfer providers tend to price payment and delivery methods for Canada to Philippines remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your CAD-PHP transfers.

Does sending more money reduce the cost for Canada to Philippines transfers?

Larger CAD-PHP transfers are cheaper as a percentage on average.

The cost of a CAD 200 transfer averages 4.47% as compared to 2.61% for a CAD 500 transfer, a difference of 1.86 percentage points.

Note that transfer cost can change quickly based on the CAD amount you send, so ensure to carefully compare providers.

How long does it take to send money from Canada to Philippines?

Most CAD-PHP transfers complete in about 27 hours (~1.1 days).

Based on our analysis, the average transfer time is 27 hours (~1.1 days), 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 Philippines?

Yes, some transfers to Philippines from Canada can complete in less than one hour.

Historical data shows that certain providers can complete transfers in under one hour.

Note that the actual speed of your CAD-PHP 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 Philippines?

Banks in Canada are more expensive than specialist money transfer providers on average.

Banks average 5.91% total cost compared to 4.26% for specialist money transfer providers in Canada, a difference of 1.65 percentage points.

Why do banks charge more for Canada to Philippines transfers?

Banks in Canada often apply higher exchange rate markups and charge high wire transfer fees.

In this corridor, banks average 5.91% total cost compared to 4.26% for money transfer specialists.

The difference is often due to the fact that banks in Canada charge higher exchange rate markups, and often higher wire transfer fees as well.

How competitive is the Canada to Philippines remittance market?

On an average, there have been 15 active providers facilitating CAD-PHP transfers.

Based on historical data, the competition level in Canada to Philippines is considered competitive with 15 active providers.

Specialist money transfer providers represent about 80% of identified providers in Canada.

Do I risk overpaying if I do not compare providers for Canada to Philippines?

The difference between providers servicing Canada to Philippines can be meaningful, especially as the CAD transfer amounts increase.

Historically, total CAD-PHP transfer cost has varied by about 14.42 percentage points. On a CAD 200 transfer, that can translate to roughly CAD 28.84 in savings.

CAD-PHP exchange rate markup also varies across providers. The average markup spread has been about 13.54 percentage points. On a CAD 200 transfer, that is roughly CAD 27.08 saved from FX alone.

Fees can also make a big difference in this market. The fee difference across providers has been about CAD 14.00 traditionally.

That is why comparing providers can materially change how much of the CAD you send does your recipient receive in Philippines in Philippines.

Latest CAD to PHP Conversion Rates

Here are some latest CAD to PHP (Canadian Dollar to Philippine Peso) exchange rates for popular conversion amounts*.

1 CAD	42.94 PHP
5 CAD	214.71 PHP
10 CAD	429.42 PHP
25 CAD	1,073.55 PHP
50 CAD	2,147.10 PHP
100 CAD	4,294.19 PHP
150 CAD	6,441.29 PHP
200 CAD	8,588.38 PHP
250 CAD	10,735.47 PHP
300 CAD	12,882.57 PHP
400 CAD	17,176.76 PHP
500 CAD	21,470.95 PHP
600 CAD	25,765.14 PHP
700 CAD	30,059.33 PHP
800 CAD	34,353.52 PHP
1000 CAD	42,941.90 PHP
1500 CAD	64,412.85 PHP
2000 CAD	85,883.80 PHP
2500 CAD	107,354.75 PHP
3000 CAD	128,825.70 PHP
4000 CAD	171,767.60 PHP
5000 CAD	214,709.50 PHP
10000 CAD	429,419.00 PHP
15000 CAD	644,128.50 PHP
20000 CAD	858,838.00 PHP
30000 CAD	1,288,257.00 PHP
40000 CAD	1,717,676.00 PHP
50000 CAD	2,147,095.00 PHP
100000 CAD	4,294,190.00 PHP

*Based on the Mid-market^ⓘThe mid-market exchange rate (also called the interbank rate) is the real CAD to PHP exchange rate before providers add their margin or fees. Exchange Rate. Actual payout may vary based on the chosen money transfer provider.

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¹ Based on 538 pricing observations across 15 firms over the last 3 years for a CAD 200 money transfer from Canada to Philippines. 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 Philippines 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.

Compare today's CAD to PHP (Canadian Dollar to Philippine Peso) exchange rates