Ria Money Transfer is the cheapest way to send money from Canada to Ethiopia based on the 7 companies we analyzed, giving your recipient 90,181 ETB from CA$1,000.
| 7 of 7 providers Last updated on 10 November 2026 | |||
| Based on 1,000 CAD transfer Best companies for CAD/ETB transfers | |||
| Ad  Wise Pay via Bank Transfer | Fees: $25.52 1 CAD = 114.1430 ETB +0.01% vs mid-market | Recipient gets ETB 111,230.07 Next week | |
Ways to receive money in Ethiopia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext weekAvailable via:SWIFT $25.521 CAD = 114.1430 ETB ETB 111,230.07You pay$1,000.00 | |||
| Ad  WorldRemit Pay via Debit Card | Fees: $0.99 1 CAD = 37.9363 ETB +100.22% vs mid-market | Recipient gets ETB 37,898.71 Next Day | |
Ways to receive money in Ethiopia with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Mobile moneyNext Day $0.991 CAD = 37.9363 ETB ETB 37,898.71You pay$1,000.00 Bank depositNext Day $1.991 CAD = 37.7437 ETB ETB 37,668.59You pay$1,000.00 | |||
Run a live search Showing top Canada to Ethiopia deals for 1,000 CAD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live CAD to ETB rates. | |||
Run a live search These companies offer multi-currency accounts for spending ETB. We suggest doing a live search based on how much CAD you're planning to spend in Ethiopia. | |||
Run a live search These are managed services with real human support for large CAD transfers. Click the link and update the transfer amount to get the best deal. | |||
 TapTap Send Pay via Debit Card | Fees: $0.00 1 CAD = 128.0000 ETB -11.44% vs mid-market | Recipient gets ETB 128,000.00 Minutes | |
Ways to receive money in Ethiopia with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 CAD = 128.0000 ETB ETB 128,000.00You pay$1,000.00 Mobile moneyMinutesAvailable via:Amole, HelloCash, M-PESA, TeleBirr Free1 CAD = 128.0000 ETB ETB 128,000.00You pay$1,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit Card | Fees: $7.99 1 CAD = 123.4351 ETB -7.82% vs mid-market | Recipient gets ETB 123,435.10 6-12 Hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:Select Banks $7.991 CAD = 123.4351 ETB ETB 123,435.10You pay$1,007.99 Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 113.3515 ETB ETB 113,351.50You pay$1,001.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $7.99 1 CAD = 123.4351 ETB -7.82% vs mid-market | Recipient gets ETB 123,435.10 6-12 Hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:Select Banks $7.991 CAD = 123.4351 ETB ETB 123,435.10You pay$1,007.99 Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 113.3515 ETB ETB 113,351.50You pay$1,001.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $7.99 1 CAD = 123.4351 ETB -7.82% vs mid-market | Recipient gets ETB 123,435.10 6-12 Hours | |
Ways to receive money in Ethiopia with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:Select Banks $7.991 CAD = 123.4351 ETB ETB 123,435.10You pay$1,007.99 Mobile wallet6-12 HoursAvailable via:Select Wallets $1.991 CAD = 113.3515 ETB ETB 113,351.50You pay$1,001.99 | |||
 Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 119.3600 ETB -4.46% vs mid-market | Recipient gets ETB 119,360.00 Within minutes | |
Ways to receive money in Ethiopia with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 CAD = 119.3600 ETB ETB 119,360.00You pay$1,000.00 | |||
| Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 119.3600 ETB -4.46% vs mid-market | Recipient gets ETB 119,360.00 Within a week | |
Ways to receive money in Ethiopia with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 119.3600 ETB ETB 119,360.00You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 119.3600 ETB -4.46% vs mid-market | Recipient gets ETB 119,360.00 Within a week | |
Ways to receive money in Ethiopia with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 119.3600 ETB ETB 119,360.00You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 119.3600 ETB -4.46% vs mid-market | Recipient gets ETB 119,360.00 Within minutes | |
Ways to receive money in Ethiopia with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutes $20.001 CAD = 119.3600 ETB ETB 119,360.00You pay$1,020.00 | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 111.6457 ETB +2.22% vs mid-market | Recipient gets ETB 111,645.70 6-12 Hours | |
Ways to receive money in Ethiopia with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 111.6457 ETB ETB 111,645.70You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 111.6457 ETB +2.22% vs mid-market | Recipient gets ETB 111,645.70 6-12 Hours | |
Ways to receive money in Ethiopia with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 111.6457 ETB ETB 111,645.70You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $25.52 1 CAD = 114.1430 ETB +0.01% vs mid-market | Recipient gets ETB 111,230.07 Next week | |
Ways to receive money in Ethiopia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext weekAvailable via:SWIFT $25.521 CAD = 114.1430 ETB ETB 111,230.07You pay$1,000.00 | |||
| Wise Pay via Interac | Fees: $31.17 1 CAD = 114.1430 ETB +0.01% vs mid-market | Recipient gets ETB 110,585.16 Within a week | |
Ways to receive money in Ethiopia with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT $31.171 CAD = 114.1430 ETB ETB 110,585.16You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $36.27 1 CAD = 114.1430 ETB +0.01% vs mid-market | Recipient gets ETB 110,003.03 Within a week | |
Ways to receive money in Ethiopia with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT $36.271 CAD = 114.1430 ETB ETB 110,003.03You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $50.63 1 CAD = 114.1430 ETB +0.01% vs mid-market | Recipient gets ETB 108,363.94 Within a week | |
Ways to receive money in Ethiopia with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:SWIFT $50.631 CAD = 114.1430 ETB ETB 108,363.94You pay$1,000.00 | |||
 Ria Money Transfer Pay via Credit Card | Fees: $300.00 1 CAD = 128.8300 ETB -12.08% vs mid-market | Recipient gets ETB 90,181.00 6-12 Hours | |
Ways to receive money in Ethiopia with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $300.001 CAD = 128.8300 ETB ETB 90,181.00You pay$1,000.00 Mobile wallet6-12 Hours $300.001 CAD = 113.4400 ETB ETB 79,408.00You pay$1,000.00 Cash pickup6-12 Hours $300.001 CAD = 113.4400 ETB ETB 79,408.00You pay$1,000.00 | |||
| Ria Money Transfer Pay via Debit Card | Fees: $300.00 1 CAD = 128.8300 ETB -12.08% vs mid-market | Recipient gets ETB 90,181.00 6-12 Hours | |
Ways to receive money in Ethiopia with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $300.001 CAD = 128.8300 ETB ETB 90,181.00You pay$1,000.00 Mobile wallet6-12 Hours $300.001 CAD = 113.4400 ETB ETB 79,408.00You pay$1,000.00 Cash pickup6-12 Hours $300.001 CAD = 113.4400 ETB ETB 79,408.00You pay$1,000.00 | |||
| Only available via Mobile App WorldRemit Pay via Debit Card | Fees: $0.99 1 CAD = 37.9363 ETB +100.22% vs mid-market | Recipient gets ETB 37,898.71 Next Day | |
Ways to receive money in Ethiopia with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Mobile moneyNext Day $0.991 CAD = 37.9363 ETB ETB 37,898.71You pay$1,000.00 Bank depositNext Day $1.991 CAD = 37.7437 ETB ETB 37,668.59You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 114.1500 ETB Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Ria Money Transfer at 90,181 ETB on CA$1,000.
Ria Money Transfer was the cheapest on 0 of the 4 days it quoted CA$1,000 transfers to Ethiopia.
More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.
You have 5 ways to pay, including debit card, credit card, bank transfer, interac, and cash deposit.
Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.
First time round you'll need a photo ID, and often where the money came from.
Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.
How much CAD you send to Ethiopia heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
Our analysis shows Ria Money Transfer was the cheapest in 0% of the transfers up to CA$1,000 it quoted, and in 0% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | -11.39% | $0.00 | ETB 12,800.00with debit card to bank deposit | +ETB 3,855.66 | |
| $500 | -11.41% | $0.00 | ETB 64,000.00with debit card to bank deposit | +ETB 11,782.26 | |
| $1,000This page | -11.44% | $0.00 | ETB 128,000.00with debit card to bank deposit | +ETB 18,736.49 | |
| $3,000 | -11.43% | $0.00 | ETB 384,000.00with debit card to bank deposit | +ETB 41,962.73 | |
| $10,000 | -11.44% | $0.00 | ETB 1,280,000.00with debit card to bank deposit | +ETB 145,146.16 | |
| $50,000 | -11.37% | $0.00 | ETB 6,400,000.00with debit card to bank deposit | +ETB 297,677.18 |
Mid-market rate: 1 CAD = 114.1500 ETB
The cheapest way to send CAD to ETB can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's Ria Money Transfer), across 30 days of comparisons for 1,000 CAD transfers to Ethiopia.
Tue, Nov 10, 2026Mid-market rateETB 114,150.05 TapTap Send ETB 128,000.00TapTap SendETB 128,000.00MoneyGramETB 123,435.10RemitlyETB 119,360.00
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 113.9950 | – | ETB 113,995.05 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 14,004.96 |
| | 121.7156 | $7.99 | ETB 121,715.60 | +ETB 7,720.56 |
| | 116.7000 | $0.00 | ETB 116,700.00 | +ETB 2,704.96 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 114.7056 | – | ETB 114,705.64 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 13,294.36 |
| | 121.3914 | $7.99 | ETB 121,391.40 | +ETB 6,685.76 |
| | 117.2400 | $0.00 | ETB 117,240.00 | +ETB 2,534.36 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 114.7632 | – | ETB 114,763.21 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 13,236.79 |
| | 121.4169 | $7.99 | ETB 121,416.90 | +ETB 6,653.69 |
| | 117.7500 | $0.00 | ETB 117,750.00 | +ETB 2,986.79 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 113.1444 | – | ETB 113,144.44 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 14,855.56 |
| | 121.8098 | $7.99 | ETB 121,809.80 | +ETB 8,665.36 |
| | 117.6400 | $0.00 | ETB 117,640.00 | +ETB 4,495.56 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.2591 | – | ETB 115,259.14 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,740.86 |
| | 122.0204 | $7.99 | ETB 122,020.40 | +ETB 6,761.26 |
| | 118.0300 | $0.00 | ETB 118,030.00 | +ETB 2,770.86 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.5472 | – | ETB 115,547.20 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,452.80 |
| | 122.4894 | $7.99 | ETB 122,489.40 | +ETB 6,942.20 |
| | 118.2700 | $0.00 | ETB 118,270.00 | +ETB 2,722.80 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.5472 | – | ETB 115,547.20 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,452.80 |
| | 122.6136 | $7.99 | ETB 122,613.60 | +ETB 7,066.40 |
| | 118.2900 | $0.00 | ETB 118,290.00 | +ETB 2,742.80 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.2586 | – | ETB 116,258.63 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,741.37 |
| | 122.6136 | $20.99 | ETB 122,613.60 | +ETB 6,354.97 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 114.2693 | – | ETB 114,269.32 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 13,730.68 |
| | 123.1799 | $7.99 | ETB 123,179.90 | +ETB 8,910.58 |
| | 119.2200 | $0.00 | ETB 119,220.00 | +ETB 4,950.68 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.9687 | – | ETB 115,968.73 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,031.27 |
| | 123.5480 | $7.99 | ETB 123,548.00 | +ETB 7,579.27 |
| | 119.3900 | $0.00 | ETB 119,390.00 | +ETB 3,421.27 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.8171 | – | ETB 116,817.11 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,182.89 |
| | 123.5715 | $7.99 | ETB 123,571.50 | +ETB 6,754.39 |
| | 119.7000 | $0.00 | ETB 119,700.00 | +ETB 2,882.89 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.8063 | – | ETB 116,806.27 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,193.73 |
| | 123.8775 | $7.99 | ETB 123,877.50 | +ETB 7,071.23 |
| | 119.7700 | $0.00 | ETB 119,770.00 | +ETB 2,963.73 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.0780 | – | ETB 116,077.97 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,922.03 |
| | 124.0316 | $7.99 | ETB 124,031.60 | +ETB 7,953.63 |
| | 119.6500 | $0.00 | ETB 119,650.00 | +ETB 3,572.03 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.0780 | – | ETB 116,077.97 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,922.03 |
| | 124.0316 | $7.99 | ETB 124,031.60 | +ETB 7,953.63 |
| | 119.6600 | $0.00 | ETB 119,660.00 | +ETB 3,582.03 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.8372 | – | ETB 115,837.20 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,162.80 |
| | 124.0316 | $7.99 | ETB 124,031.60 | +ETB 8,194.40 |
| | 119.5900 | $0.00 | ETB 119,590.00 | +ETB 3,752.80 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 117.0656 | – | ETB 117,065.59 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 10,934.41 |
| | 123.9259 | $7.99 | ETB 123,925.90 | +ETB 6,860.31 |
| | 119.8800 | $0.00 | ETB 119,880.00 | +ETB 2,814.41 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.8883 | – | ETB 115,888.35 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,111.65 |
| | 123.8817 | $7.99 | ETB 123,881.70 | +ETB 7,993.35 |
| | 119.1700 | $0.00 | ETB 119,170.00 | +ETB 3,281.65 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.9941 | – | ETB 116,994.15 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,005.85 |
| | 123.5552 | $7.99 | ETB 123,555.20 | +ETB 6,561.05 |
| | 119.8100 | $0.00 | ETB 119,810.00 | +ETB 2,815.85 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.3062 | – | ETB 115,306.19 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,693.81 |
| | 124.1358 | $7.99 | ETB 124,135.80 | +ETB 8,829.61 |
| | 119.9200 | $0.00 | ETB 119,920.00 | +ETB 4,613.81 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.3825 | – | ETB 115,382.53 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,617.48 |
| | 124.4482 | $7.99 | ETB 124,448.20 | +ETB 9,065.68 |
| | 119.9100 | $0.00 | ETB 119,910.00 | +ETB 4,527.48 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.3825 | – | ETB 115,382.53 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,617.48 |
| | 124.4482 | $7.99 | ETB 124,448.20 | +ETB 9,065.68 |
| | 120.0000 | $0.00 | ETB 120,000.00 | +ETB 4,617.48 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 115.7808 | – | ETB 115,780.82 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 12,219.18 |
| | 124.4482 | $7.99 | ETB 124,448.20 | +ETB 8,667.38 |
| | 119.9500 | $0.00 | ETB 119,950.00 | +ETB 4,169.18 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.2547 | – | ETB 116,254.70 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,745.30 |
| | 124.2782 | $7.99 | ETB 124,278.20 | +ETB 8,023.50 |
| | 120.9000 | $0.00 | ETB 120,900.00 | +ETB 4,645.30 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.8591 | – | ETB 116,859.12 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,140.88 |
| | 124.4474 | $7.99 | ETB 124,447.40 | +ETB 7,588.28 |
| | 120.0500 | $0.00 | ETB 120,050.00 | +ETB 3,190.88 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 117.6517 | – | ETB 117,651.74 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 10,348.26 |
| | 124.4474 | $7.99 | ETB 124,447.40 | +ETB 6,795.66 |
| | 120.5200 | $0.00 | ETB 120,520.00 | +ETB 2,868.26 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.9411 | – | ETB 116,941.09 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,058.91 |
| | 124.5498 | $7.99 | ETB 124,549.80 | +ETB 7,608.71 |
| | 119.4600 | $0.00 | ETB 119,460.00 | +ETB 2,518.91 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 114.2196 | – | ETB 114,219.60 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 13,780.40 |
| | 123.5582 | $7.99 | ETB 123,558.20 | +ETB 9,338.60 |
| | 118.7200 | $0.00 | ETB 118,720.00 | +ETB 4,500.40 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.5313 | – | ETB 116,531.25 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,468.75 |
| | 123.5582 | $7.99 | ETB 123,558.20 | +ETB 7,026.95 |
| | 118.7600 | $0.00 | ETB 118,760.00 | +ETB 2,228.75 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 116.5790 | – | ETB 116,579.00 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 11,421.00 |
| | 123.5582 | $7.99 | ETB 123,558.20 | +ETB 6,979.20 |
| | 119.4800 | $0.00 | ETB 119,480.00 | +ETB 2,901.00 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 114.1500 | – | ETB 114,150.05 | |
| | 128.0000 | $0.00 | ETB 128,000.00 | +ETB 13,849.95 |
| | 123.4351 | $7.99 | ETB 123,435.10 | +ETB 9,285.05 |
| | 119.3600 | $0.00 | ETB 119,360.00 | +ETB 5,209.95 |
| Exchange rate | Fees: | Recipient gets | Difference |
|---|
| Mid-market rate | 114.1500 | – | ETB 114,150.05 | |
|---|---|---|---|---|
| | ||||
| | ||||
| |
Each line shows what the recipient gets when you send $1,000, after fees, as quoted by each company. The mid-market line shows what $1,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more ETB per CAD than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
In the past month, a money transfer company beat the mid-market rate on 30 of the last 30 days.
Right now, Ria Money Transfer pays 90,181 ETB on 1,000 CAD, which is 23,969.05 ETB less than the mid-market amount.
Today's payout is the highest in the past month.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Ethiopia.
We've tracked 180 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.
Cheapest every time
Never the cheapest
Never the cheapest
Based on 42 comparisons across 6 amounts over the last 7 days.
Cheapest every time
Cheapest in 4% of them
Never the cheapest
Based on 180 comparisons across 6 amounts over the last 30 days.
Cheapest every time
Cheapest in 2% of them
Never the cheapest
Based on 428 comparisons across 6 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Ria Money Transfer is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.
WorldRemit (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Ethiopia.
There are 7 companies sending money to Ethiopia, but how you send depends on your needs.
For transfers home
An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.
Ria Money Transfer charges CA$300 in fees and adds -12.08% markup, so your CA$1,000 delivers 90,181 ETB in 6-12 hours.
Over the past month, Ria Money Transfer was the cheapest app on 0% of the days it appeared for CA$1,000 transfers.
You don't need a SIN to sign up either, a passport works.
For one-off transfers
For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.
Of the 7 companies we compared, Ria Money Transfer is the cheapest online service and currently gets you 90,181 ETB on a CA$1,000 transfer after a CA$300 fee and -12.08% markup.
In our comparisons over the past month, it was the cheapest online service on 0 of the 4 days it quoted.
Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.
For large transfers from Canada
For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.
For large transfers (CA$15,000+), brokers like Currencies Direct or RegencyFX charge no fee, but add a margin that gets lower the more you send. Run a live search with your real amount to see it.
If you're sending large amounts, expect more questions about the transfers, so have statements and documents ready to avoid delays.
For businesses paying abroad
Global accounts handle the business side, paying suppliers, contractors and overseas invoices in ETB.
Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.
For spending abroad and getting paid
If part of your life runs in ETB, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.
Wise lets you hold CAD and ETB, and convert between them at low cost.
For example, converting $1,000 costs $25.52 in fees at 0.01% markup, which gets you 111,230.07 ETB.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
With Ria Money Transfer, paying by credit card and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 90,181 ETB.
Deposit CAD using debit card, credit card, bank transfer, interac, and cash deposit.
I suggest using Interac e-Transfer for simplicity
Follow the company's Interac instructions and check the business name before sending.
Do not send to an email address supplied outside the company's app or website.
The recipient can receive ETB through bank deposit, mobile wallet, mobile money, and cash pickup.
For a bank deposit payout, you will need the recipient's bank details in Ethiopia.
You pay CA$1,000.00
Br128,000
Cheapest
You pay CA$1,000.00
Br128,000
Br0
You pay CA$1,007.99
Br123,435
-Br4,565
You pay CA$1,007.99
Br123,435
-Br4,565
You pay CA$1,000.00
Br119,360
-Br8,640
You pay CA$1,000.00
Br119,360
-Br8,640
You pay CA$1,001.99
Br113,352
-Br14,649
You pay CA$1,001.99
Br113,352
-Br14,649
You pay CA$1,001.99
Br113,352
-Br14,649
You pay CA$1,000.00
Br79,408
-Br48,592
You pay CA$1,000.00
Br79,408
-Br48,592
Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.
For a CA$1,000 transfer to Ethiopia, these are the cheapest, fastest and easiest options available now.
Best way to send money to Ethiopia
Ria Money Transfer is the cheapest and easiest option, funded by credit card with bank deposit for the payout. Your recipient gets 90,181 ETB, which is 57.97% more than the next best option.
Fastest way to send money to Ethiopia
TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 128,000 ETB in minutes.
An Interac e-Transfer cannot go directly to a recipient in Ethiopia.
When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.
There is no C$10,000 legal cap on electronic transfers from Canada.
A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.
The bank or transfer company makes that report, you do not file it yourself.
But you may be asked for proof of where the money came from.
Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.
Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.
Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.
Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.
If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.
If you live in Quebec, also confirm that it is allowed to provide money services there.
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 7 FINTRAC-registered companies sending CAD to Ethiopia, updated in real time during a live search, compared on rates, fees and how your recipient can collect.
In the past 30 days alone, we analyzed 180 comparisons across 6 amounts.
This page covers the cheapest and fastest options for CAD/ETB transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
Each goes through our review. More on who we are, why you can trust us and getting started.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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