"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."
"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."
Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Canada to South Korea searches, and was the top rated company out of 12 that support CAD to KRW.
So for a great mix of cost, speed & features, make your Canada to South Korea transfer using Wise.
How to get the best deal on your Canada to South Korea transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Canada to South Korea.
- 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 your chosen country & currency.
Summary of recent searches
Important things to consider before sending money from Canada to South Korea
Don't settle for the first option. Always compare ways to send money from Canada to South Korea to find out about fees, speed, and reliability.
Our analysis included 12 providers that operate between Canada and South Korea.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to South Korea.
Cheapest way to transfer money to South Korea from Canada: Panda Remit
Of the 12 providers compared, data shows that Panda Remit is 0.4% cheaper than the second-best option.
The is cost is made up of an average CAD-KRW exchange rate that is 0.3% different to the mid-market rate and an average fee of 4* CAD.
If you want to secure the best rates on a CAD to South Korea transfer, Panda Remit will result in the most Won received.
*The most common fee applied to CAD-KRW by Panda Remit, based on data from the past six months.
Fastest money transfers from Canada to South Korea: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from Canada to Won in 36.4% of instances.
Over the last six months, sending money from Canada to South Korea through Wise have an average fee of 67.19 CAD.
Wise was one of 12 money transfer providers we compared for overall speed of sending money from Canada to South Korea. This speed test included depositing Canadian Dollars to an account and the average timeframe for sending money to South Korea.
When fast transfers are a priority, Wise is our best choice for sending from Canada to South Korea.
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 South Korea, it’s the provider that will keep you safe and relaxed while your money moves into KRW.
Understanding the costs involved when moving money from Canada to South Korea
When calculating the costs of money transfers between Canada and South Korea, here's what really matters:
The Mid-Market Rate: Today, the CAD-KRW mid-market rate equals 991.2353 KRW per Canadian Dollar.
The CAD-KRW average exchange rate for the past three months has been 989.0034 KRW per Canadian Dollar, with a high of 999.6393 and a low of 974.5229.
When looking to send money, we'd recommend Wise. On average Wise is -0.02% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to KRW.
Track the exchange rate for Canadian Dollar to Won
Sending money at the right time between CAD and KRW can make a huge difference to overall cost. The exchange rate impacts how much KRW you get for your CAD.
Over the last six months, the average numbers are:
The exchange rate from CAD to KRW averaged 989.0034 KRW.
The highest value recorded was 999.6393 KRW, while the lowest was 974.5229 KRW.
12 providers currently offer transfers between Canada and South Korea close to this rate.
Want to secure the best CAD-Won 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 South Korea!
Payment methods available to fund your Canada to South Korea transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to South Korea.
By using a money transfer company such as Panda Remit for transfers from Canada to South Korea, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Panda Remit is the cheapest provider for bank transfers from the 12 we tested when sending CAD to South Korea.
With an average fee of CAD4 to send money from Canada to South Korea, Panda Remit offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to South Korea with a debit or a prepaid card is very simple with Xe.
Xe is a leader in debit card payments for transfers from Canada to South Korea, competing among a total of 12 active money transfer companies on this route.
Credit card
When it comes to credit card transfers from Canada to South Korea, emerges as our top choice of the 12 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 South Korea 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 South Korea.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to KRW.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
