Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 70.6% of Canada to Guatemala searches, and was the top rated company out of 8 that support CAD to GTQ.
So for a great mix of cost, speed & features, make your Canada to Guatemala transfer using Wise.
How to get the best deal on your Canada to Guatemala transfer
Important things to consider before sending money from Canada to Guatemala
Don't settle for the first option. Always compare ways to send money from Canada to Guatemala to find out about fees, speed, and reliability.
Our analysis included 8 providers that operate between Canada and Guatemala.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Guatemala.
Cheapest way to send money from Canada to Guatemala: Remitbee
Data collected for transfers between Canada and Guatemala over the past six months shows that Remitbee is 0.5% cheaper than the second-best option.
This cost combines an average exchange rate between the Canadian Dollar and Quetzal that is 0.7% different to the mid-market rate and an average fee of 0* CAD.
*The most common fee applied to CAD-GTQ by Remitbee, based on data from the past six months.
Fastest way to transfer money to Guatemala from Canada: Paysend.
Through our data, we found Paysend to be the fastest option for sending money from Canada into Quetzal in 76.5% of occasions. For fast CAD to GTQ money transfers, Paysend comes highly recommended.
Canada to Guatemala transfers with Paysend have an average fee of 0 CAD.
To test that Paysend was the 'fastest' option we compared 8 providers. With this, we compared overall speed of sending money from Canada to Guatemala made up of depositing Canadian Dollars, to a money transfer account and transfer times to Guatemala.
When sending at speed is a priority, Paysend is our recommended choice for sending into Guatemala from Canada.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 8 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Quetzal to Quetzal.
As such, opt for Wise for sending large sums of money to Guatemala from Canada.
Understanding the costs involved when moving money from Canada to Guatemala
The total cost of money transfers to Guatemala from Canada, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for CAD-GTQ is 5.5152 GTQ per Canadian Dollar.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Quetzal for your Canadian Dollars.
On average for the last three months, the CAD-GTQ mid-market rate has been 5.6573 GTQ per Canadian Dollar. This hit a high of 5.7235, and a low of 5.6017.
From the 8 companies compared, Wise offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting CAD to GTQ.
Fees: Some money transfers between Canada and Guatemala will be subject to fees. Remitbee has had an average fee of 0 CAD per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Quetzal eventually received in Guatemala.
This number should guide you, as a higher amount of money received in Guatemala means a better overall cost of sending money from Canada.
How to find the best exchange rate for Canada to Guatemala
Timing is essential for sending money between CAD and GTQ. The exchange rate you secure impacts how much GTQ you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to GTQ has seen some fluctuation. On average, it stood at 5.6573.
During this period, the highest value recorded was 5.7235, while the lowest was 5.6017.
Wise, which is our recommended service to send money online from Canada to Guatemala offers an exchange rate that is only 0.02% above the mid-market rate.
Want to secure the best CAD-Quetzal 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 Guatemala!
Payment methods for Canada to Guatemala transfers
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Guatemala 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 Guatemala.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to GTQ.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.