Best choice: TorFx
We tested & reviewed dozens of money transfer providers, and TorFx scored highly.
TorFx appeared in 33.3% of the United Arab Emirates to Canada searches in the last 6 months, and was the top rated company out of 12 that support AED to CAD.
So for a great blend of cost, speed & features, make your the United Arab Emirates to Canada transfer using TorFx.
How to compare deals on your United Arab Emirates to Canada transfer
Sending money from United Arab Emirates to Canada considerations
A comparison of providers offering services between the United Arab Emirates and Canada is the easiest way to ensure the best deal.
We've compared 12 providers that offer services for sending UAE Dirham to Canada.
This ensures you will get the best options for your transfer to Canada from the United Arab Emirates.
Whilst we rate TorFx as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United Arab Emirates to Canada.
Cheapest way to send money to Canada from the United Arab Emirates: Lumon
Data collected through our comparison over the past six months shows that Lumon is 0.4% cheaper than the second-best option.
The cost is made up of an average fee of 0* AED and an exchange rate for buying Canadian Dollar with UAE Dirham that is 1% different to the mid-market rate.
If you want to secure the best rates on a United Arab Emirates to Canada transfer, Lumon offers value. We would still recommend searching for the amount you want to send to Canada.
*The most common fee applied to AED-CAD by Lumon, based on data from the past six months.
Fastest money transfers from United Arab Emirates to Canada: Paysend.
Through our comparison, we found Paysend to be the fastest option to transfer money from the United Arab Emirates to Canadian Dollar in 75% of instances.
Over the last six months, sending money from the United Arab Emirates to Canada through Paysend have an average fee of 0 AED.
Paysend was one of 12 money transfer providers we compared for overall speed of sending money from the United Arab Emirates to Canada. This speed test included depositing UAE Dirhams to an account and the average timeframe for sending money to Canada.
When fast transfers are a priority, Paysend is our best choice for sending from United Arab Emirates to Canada.
Sending a large amount of money?
Of the 12 providers compared, TorFx is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while TorFx may not always be the fastest or cheapest way to send money from United Arab Emirates to Canada, it's a great provider for things like buying or selling property.
Understanding the costs involved when moving money from United Arab Emirates to Canada
The total cost of money transfers to Canada from the United Arab Emirates, 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 AED-CAD is 0.382 CAD per UAE Dirham.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Canadian Dollar for your UAE Dirhams.
On average for the last three months, the AED-CAD mid-market rate has been 0.374 CAD per UAE Dirham. This hit a high of 0.378, and a low of 0.3671.
From the 12 companies compared, CurrencyFair offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting AED to CAD.
Fees: Some money transfers between the United Arab Emirates and Canada will be subject to fees. Lumon has had an average fee of 0 AED 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 Canadian Dollar eventually received in Canada.
This number should guide you, as a higher amount of money received in Canada means a better overall cost of sending money from the United Arab Emirates.
How to find the best exchange rate for UAE Dirham to Canadian Dollar
Timing is essential for sending money between AED and CAD. The exchange rate you secure impacts how much CAD you get for your AED.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from AED to CAD has seen some fluctuation. On average, it stood at 0.374.
During this period, the highest value recorded was 0.378, while the lowest was 0.3671.
TorFx, which is our recommended service to send money online from United Arab Emirates to Canada offers an exchange rate that is only 0.2% above the mid-market rate.
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Funding your United Arab Emirates to Canada money transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Canada and United Arab Emirates.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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 United Arab Emirates to Canada.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send AED to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.