Best way to send: Wise
We tested & reviewed 10 money transfer companies offering services between Canada and Ethiopia, and Wise scored highly.
In total, Wise appeared in 95.8% of Canada to Ethiopia searches, and was the top rated company out of 10 that support transfers into Ethiopian Birr.
So for a great mix of cost, speed & features, make your Canada to Ethiopia transfer using Wise.
How to compare companies offering money transfers from Canada to Ethiopia
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from Canada to Ethiopia. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Ethiopia.
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- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from Canada to your chosen country & currency.
Summary of recent searches
Considerations ahead of sending money from Canada to Ethiopia
A comparison of providers offering services between Canada and Ethiopia, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 10 providers that provide services for sending Canadian Dollar to Ethiopia. This ensures you will get the best options for your transfer to Ethiopia from Canada.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Canada to Ethiopia.
Cheapest way to send money to Ethiopia from Canada: Dahabshiil
Data collected over the past six months shows that Dahabshiil is 0% cheaper than the second-best option.
The $3.56 transfer cost represents the most common fee for CAD to ETB international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Ethiopia transfer, make sure you pick Dahabshiil to send your money online.
*The most common fee applied to CAD-ETB by Dahabshiil, based on data from the past six months.
Fastest way to send money from Canada to Ethiopia: Ria Money Transfer
Our data shows that Ria Money Transfer came up as the fastest way to send money from Canada to Ethiopia in 62.5% of searches. This makes them well suited to urgent CAD to ETB money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Ethiopia - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Ria Money Transfer is your best choice at the moment. This service emerged as the quickest way to send money to Ethiopia from Canada in 62.5% of the searches on MoneyTransfers.com over the past six months.
Need to make a large transfer?
Wise is the best option for large transfers of the 10 providers compared.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to Ethiopia, it's a great provider for larger transfers for things like buying or selling property.
Understanding the cost of transferring money to Ethiopia from {countryFromName}}
Fees and exchange rates make up the total cost of sending money from Ethiopia to Ethiopia. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current CAD-ETB mid-market rate is 88.2842 ETB per Canadian Dollar. You will get more Ethiopian Birr for your Canadian Dollars if you find a provider close to this number.
For context, over the last three months the CAD-ETB mid-market rate has had a high of 89.1883, a low of 41.6741 and averaged 73.5921 ETB per Canadian Dollar.
Across the 10 companies compared, the best exchange rate is with Dahabshiil.
Unless fees are unusually high, the exchange rate you receive on converting CAD to ETB will be the biggest determining factor when working out the cost of transferring Canadian Dollars to Ethiopia.
Fees: Transfer fees are charged as part of the transfer. Dahabshiil at an average of 3.56 CAD per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Ethiopian Birr eventually received in Ethiopia. You can assume that a lower cost of sending from Canada will result in more money received in Ethiopia.
How to find the best exchange rate for Canada to Ethiopia
Timing is essential for sending money between CAD and ETB. The exchange rate you secure impacts how much ETB you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to ETB has seen some fluctuation. On average, it stood at 73.5921.
During this period, the highest value recorded was 89.1883, while the lowest was 41.6741.
Wise, which is our recommended service to send money online from Canada to Ethiopia offers an exchange rate that is only -0.3% above the mid-market rate.
Want to secure the best CAD-Ethiopian Birr 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 Ethiopia!
Payment methods available to fund your Canada to Ethiopia transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Ethiopia.
By using a money transfer company such as Dahabshiil for transfers from Canada to Ethiopia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Dahabshiil is the cheapest provider for bank transfers from the 10 we tested when sending CAD to Ethiopia.
With an average fee of CAD3.64 to send money from Canada to Ethiopia, Dahabshiil offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Ethiopia 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 Ethiopia, competing among a total of 10 active money transfer companies on this route.
Credit card
When it comes to credit card transfers from Canada to Ethiopia, Wise emerges as our top choice of the 10 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 Ethiopia 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 Ethiopia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to ETB.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
