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How to Send Money from Bolivia to Canada

Get the best deals when you transfer from Bolivia to Canada. Find the cheapest, fastest, and most reliable providers with the best exchange rates.

Read on for the best deals, expert information, and all you need to send money to Canada from Bolivia.

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How to send money to Canada from Bolivia

Sending money from Bolivia to Canada doesn’t have a huge amount of options. Because of this, we would recommend sending money via:

Interested to see if a multi-currency account can help with sending money abroad. Check out our guide and explore your options.

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Send money from Bolivia to Canada by bank

If you’d like to send money from Bolivia to Canada via bank transfer, follow these steps:

Start the transfer

Let your bank know that you’d like to make a transfer from Bolivia to Bolivia. You should be able to do this online or in-branch.

Enter the recipient’s details

You’ll usually be given a form to fill out. Add your recipient's full details, including their name, bank account number, and branch code. You may also need to provide the IBAN or SWIFT code for their bank in Canada.

Make the payment

Your bank will probably charge a fee for the transfer. If you’re making a wire transfer, your recipient might need to pay a small fee for receiving the transfer too. They may also add a markup to the Boliviano to CAD exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.

The current mid-market rate of BOB to CAD is 0.196476.

What’s the cheapest way to send money from Bolivia to Canada?

Without any money transfer providers serving the Bolivia to Canada route, the cheapest options are limited.

We would recommend using:

How the cost of sending money to Canada from Bolivia is calculated

The cost of sending money from Bolivia to Canada depends on several things, including:

The mid-market rate

The current mid-market rate between BOB and CAD is 0.196476. The rate at the time you transfer will impact your overall cost and when sending through a bank, these are generally less competitive than using a money transfer company.

The markup and fee charged by a bank

Providers will often charge a markup on the rate, fees, or both, for transfers between Bolivia and Canada. Again, these are potentially less competitive than sending through a money transfer company.

Finding the best exchange rate for BOB to CAD

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Canadian Dollars you can get for your Bolivianos. The average Boliviano to Canadian Dollar mid-market rate over the last month was 7.1954, with a low of 7.1852 and a high of 7.2249.

How we offer the best transfer options for Bolivia to Canada

Whilst there's no money transfer services available between Canada and Bolivia, we still ensure we've looked across the market in full to give you the best options.

So whether it's a money transfer provider or a multi-currency account, we'll always produce unbiased, detailed reviews of all the companies operating in some form in the Boliviano to Canada route, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.

Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.

Frequently asked questions

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Contributors

Keith Hodges
Keith is a digital specialist with a background in the financial industry, both as a marketeer and a journalist. Keith joined MoneyTransfers.com in order to take the business to the next level and expand our offering in multiple international money transfer markets.
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