"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
Best way to send: Wise
We tested & reviewed 17 money transfer companies offering services between Canada and Japan, and Wise scored highly.
In total, Wise appeared in 93.3% of Canada to Japan searches, and was the top rated company out of 17 that support transfers into Yen.
So for a great mix of cost, speed & features, make your Canada to Japan transfer using Wise.
How to compare deals on your Canada to Japan transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure get best exchange rates on transfers from Canada to Japan.
- Choose a provider
Select the provider that offers you the best value & service for your needs.
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- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Japan from Canada.
Summary of recent searches
Important things to consider before sending money from Canada to Japan
Don't settle for the first option. Always compare ways to send money from Canada to Japan to find out about fees, speed, and reliability.
Our analysis included 17 providers that operate between Canada and Japan.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Japan.
Cheapest way to send money to Japan from Canada: Panda Remit
Data collected over the past six months shows that Panda Remit is 0.2% cheaper than the second-best option.
The $4 transfer cost represents the most common fee for CAD to JPY international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Japan transfer, make sure you pick Panda Remit to send your money online.
*The most common fee applied to CAD-JPY by Panda Remit, based on data from the past six months.
Fastest way to send money from Canada to Japan: Ria Money Transfer
Our data shows that Ria Money Transfer came up as the fastest way to send money from Canada to Japan in 60% of searches. This makes them well suited to urgent CAD to JPY money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Japan - 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 Japan from Canada in 60% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to Japan, it’s the provider that will keep you safe and relaxed while your money moves into JPY.
Understanding the cost of moving money from Canada to Japan
The total cost of sending money to Japan from Canada, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for CAD-JPY is 106.6734 JPY per Canadian Dollar.
Finding a company offering an exchange rate closer to this will mean more Yen for your Canadian Dollar.
The average CAD-JPY mid-market rate for the last three months has been 109.3744 JPY per Canadian Dollar. This includes a high of 118.421, and low of 103.8771.
Out of the 17 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting CAD to JPY should be the biggest determining cost factor when transferring Canadian Dollar to Japan.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Panda Remit, with a fee average of 4 CAD per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Yen eventually received in Japan.
A lower cost of sending from Canada will result in more money received in Japan.
How to find the best exchange rate for Canada to Japan
Timing is essential for sending money between CAD and JPY. The exchange rate you secure impacts how much JPY you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to JPY has seen some fluctuation. On average, it stood at 109.3744.
During this period, the highest value recorded was 118.421, while the lowest was 103.8771.
Wise, which is our recommended service to send money online from Canada to Japan offers an exchange rate that is only -0.02% above the mid-market rate.
Want to secure the best CAD-Yen 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 Japan!
Paying for your Canada to Japan money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Canada to Japan.
By using a money transfer company such as Panda Remit to send money from Canada to Japan, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Panda Remit is the cheapest money transfer provider for bank transfers from the 17 we tested when sending CAD to Japan.
With an average fee of CAD4 to send money from Canada to Japan, Panda Remit offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Japan with a prepaid or debit card is very easy with Wise.
Wise is a great choice for sending money with a debit card from Canada to Japan. This is from the 17 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Canada to Japan, Xe emerges as our top choice of the 17 companies offering this service.
Be careful of fees: using a credit card to transfer money internationally 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 Japan 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 Japan.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to JPY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
