Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 82.7% of Canada to Morocco searches, and was the top rated company out of 6 that support CAD to MAD.
So for a great mix of cost, speed & features, make your Canada to Morocco transfer using Wise.
How to get the best deal on your Canada to Morocco transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Canada to Morocco.
- Choose a provider
Select the provider that offers you the best value & service for your needs
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- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Important things to consider before sending money from Canada to Morocco
Don't settle for the first option. Always compare ways to send money from Canada to Morocco to find out about fees, speed, and reliability.
Our analysis included 6 providers that operate between Canada and Morocco.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Morocco.
Cheapest way to send money to Morocco from Canada: XE
Data collected over the past six months shows that XE is 1.4% cheaper than the second-best option.
The $0.86 transfer cost represents the most common fee for CAD to MAD international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Morocco transfer, make sure you pick XE to send your money online.
*The most common fee applied to CAD-MAD by XE, based on data from the past six months.
Fastest way to send money from Canada to Morocco: Remitly
Our data shows that Remitly came up as the fastest way to send money from Canada to Morocco in 41.3% of searches. This makes them well suited to urgent CAD to MAD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Morocco - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Remitly is your best choice at the moment. This service emerged as the quickest way to send money to Morocco from Canada in 41.3% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to Morocco, it’s the provider that will keep you safe and relaxed while your money moves into MAD.
Understanding the costs involved when moving money from Canada to Morocco
When calculating the costs of money transfers between Canada and Morocco, here's what really matters:
The Mid-Market Rate: Today, the CAD-MAD mid-market rate equals 7.372325 MAD per Canadian Dollar.
The CAD-MAD average exchange rate for the past three months has been 7.4379 MAD per Canadian Dollar, with a high of 7.5579 and a low of 7.3555.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to MAD.
How to find the best exchange rate for to
Timing is essential for sending money between CAD and MAD. The exchange rate you secure impacts how much MAD you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to MAD has seen some fluctuation. On average, it stood at 7.4379.
During this period, the highest value recorded was 7.5579, while the lowest was 7.3555.
Wise, which is our recommended service to send money online from Canada to Morocco offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Moroccan Dirham exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to Morocco!
Payment methods available to fund your Canada to Morocco transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Morocco.
By using a money transfer company such as XE for transfers from Canada to Morocco, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, XE is the cheapest provider for bank transfers from the 6 we tested when sending CAD to Morocco.
With an average fee of CAD0.86 to send money from Canada to Morocco, XE offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Morocco with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Canada to Morocco, competing among a total of 6 active money transfer companies on this route.
When it comes to credit card transfers from Canada to Morocco, Wise emerges as our top choice of the 6 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Morocco and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Canada to Morocco.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to MAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
