How to send money to Canada from Morocco
The best way to send MAD to CAD | Key Currency |
The total number of Morocco to Canadian Dollar providers | 3 |
The average cheapest way to send money from Morocco to Canada | Key Currency |
Best option for debit card transfers | |
Best option for bank transfers | Key Currency |
You can always compare rates and fees based on your transfer amount and payment options when sending money.
The best way to send money from Morocco to Canada
We recommend using Wise for money transfers to Canada from Morocco.
We analyzed 3 providers that allow MAD to CAD transfers. Wise emerged as the best option in 66.7% of searches.
What’s the cheapest way to send money from Morocco to Canada?
Based on results from the last 3 months, of the 3 providers we list, the cheapest way to send money from the Morocco to Canada was Key Currency, and the average cheapest payment method was bankTransfer.
Key Currency has averaged 0% cheaper than the next nearest provider for money transfers to Canada from Morocco.
Just to make you aware, bankTransfer was the overall cheapest payment method.
The cheapest way to send money isn't always the fastest
Be sure to pick the right option, Instarem is the most cost effective way of sending, but make sure the timeframes work for you.
How the cost of sending money to Canada from Morocco is calculated
The cost of sending money from Morocco to Morocco depends on several things, including:
The mid-market rate
The current mid-market rate between MAD and CAD is 0.13402. The rate the time you transfer will impact your overall cost. As an example, Key Currency has averaged -0.05% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.
The markup and fee
Providers will often charge a markup on the rate, fees, or both, for transfers between Morocco and Canada. This is why Instarem is listed as our cheapest option - they offer the best combination of Moroccan Dirham to Canadian Dollar (0.25) and fees (0).
Bank transfers from Morocco to Canada
Bank transfers are the most common way of sending MAD to Canada as they are secure, reliable, and convenient.
If you want to send Moroccan Dirhams to Canada through a bank transfer, Key Currency has been the top rated provider in our comparison system for the last 3 months, being recommended 100% of the time.
That’s because companies like Key Currency bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, Key Currency's transaction fees for Moroccan Dirhams into Canada have averaged significantly lower than banks for the last 3 months.
Finding the best exchange rate for MAD 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 Moroccan Dirhams. The average Moroccan Dirham to Canadian Dollar mid-market rate over the last month was 0.1348, with a low of 0.1348 and a high of 0.1349.
For comparison, the best exchange rate for MAD to CAD right now is through Key Currency, at a difference of 0.25%.
How we find the best transfer deals from Morocco to Canada
We’ve compared the cost, speed, and product offering of the top money transfer services (including Key Currency) available between Canada and Morocco.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending Moroccan Dirham to Canada, 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.