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How to send money to Canada from Qatar
The best way to send QAR to CAD | Regency FX |
The total number of Qatar to Canadian Dollar providers | 4 |
The average cheapest way to send money from Qatar to Canada | Regency FX |
Best option for debit card transfers | |
Best option for bank transfers | Regency FX |
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 Qatar to Canada
We recommend using Wise for money transfers to Canada from Qatar.
We analyzed 4 providers that allow QAR to CAD transfers. Wise emerged as the best option in 80% of searches.
What’s the cheapest way to send money from Qatar to Canada?
Based on results from the last 3 months, of the 4 providers we list, the cheapest way to send money from the Qatar to Canada was Regency FX, and the average cheapest payment method was Bank Transfer.
Regency FX has averaged 0% cheaper than the next nearest provider for money transfers to Canada from Qatar.
Just to make you aware, Bank Transfer 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 Qatar is calculated
The cost of sending money from Qatar to Qatar depends on several things, including:
The mid-market rate
The current mid-market rate between QAR and CAD is 0.377684. The rate the time you transfer will impact your overall cost. As an example, Regency FX has averaged -0.47% 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 Qatar and Canada. This is why Instarem is listed as our cheapest option - they offer the best combination of Qatari Rial to Canadian Dollar (0.37) and fees (0).
Bank transfers from Qatar to Canada
Bank transfers are the most common way of sending QAR to Canada as they are secure, reliable, and convenient.
If you want to send Qatari Rials to Canada through a bank transfer, Regency FX 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 Regency FX bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, Regency FX's transaction fees for Qatari Rials into Canada have averaged significantly lower than banks for the last 3 months.
Finding the best exchange rate for QAR 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 Qatari Rials. The average Qatari Rial to Canadian Dollar mid-market rate over the last month was 0.3718, with a low of 0.3731 and a high of 0.3731.
For comparison, the best exchange rate for QAR to CAD right now is through Regency FX, at a difference of 0.2%.
How we find the best transfer deals from Qatar to Canada
We’ve compared the cost, speed, and product offering of the top money transfer services (including Regency FX) available between Canada and Qatar.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending Qatari Rial 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.
