Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 98.4% of Canada to Venezuela searches, and was the top rated company out of 4 that support CAD to VES.
So for a great mix of cost, speed & features, make your Canada to Venezuela transfer using Wise.
How to compare deals on your Canada to Venezuela transfer
Important things to consider before sending money from Canada to Venezuela
Don't settle for the first option. Always compare ways to send money from Canada to Venezuela to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between Canada and Venezuela.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Venezuela.
Cheapest way to send money from Canada to Venezuela: Wise
Data collected for transfers between Canada and Venezuela over the past six months shows that Wise is 0% cheaper than the second-best option.
This cost combines an average exchange rate between the Canadian Dollar and Bolivar that is 0% different to the mid-market rate and an average fee of 16.22* CAD.
*The most common fee applied to CAD-VES by Wise, based on data from the past six months.
Fastest way to send money from Canada to Venezuela: Ria Money Transfer
Our data shows that Ria Money Transfer came up as the fastest way to send money from Canada to Venezuela in 96.7% of searches. This makes them well suited to urgent CAD to VES money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Venezuela - 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 Venezuela from Canada in 96.7% 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 Venezuela, it’s the provider that will keep you safe and relaxed while your money moves into VES.
Understanding the costs involved when moving money from Canada to Venezuela
The total cost of sending money to Venezuela from Canada is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for CAD-VES is 32.6323 VES per Canadian Dollar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Bolivar for your Canadian Dollars.
The CAD-VES mid-market rate over the last three months has seen the Canadian Dollar worth an average 27.4168 VES. Within this there has been a high of 30.583, and a low of 26.4831.
From 4 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting CAD to VES.
Fees: When sending money there may be additional fees. Wise offers the lowest fee of the 4 providers tested, averaging 16.22 CAD per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Bolivar eventually received in Venezuela.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Venezuela, means a better overall cost of sending money from Canada.
How to find the best exchange rate for Canada to Venezuela
Timing is essential for sending money between CAD and VES. The exchange rate you secure impacts how much VES you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to VES has seen some fluctuation. On average, it stood at 27.4168.
During this period, the highest value recorded was 30.583, while the lowest was 26.4831.
Wise, which is our recommended service to send money online from Canada to Venezuela offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Bolivar exchange rates?
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Payment methods available to fund your Canada to Venezuela transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Venezuela 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 Venezuela.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to VES.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.